Biogen cuts annual profit forecast on higher deal costs (Nov 8)
(This Nov. 8 story has been corrected to say Biogen cut profit forecast due to costs related to a deal,…
Category: General
Rivian signs agreements with Georgia to start building EV factory (Nov 13)
(Reuters) – (This Nov. 13 story has been corrected throughout to remove the reference to Rivian’s plans to raise nearly…
Fisker cuts 2023 production forecast as it struggles to ramp up deliveries
By Samrhitha A and Abhirup Roy (Reuters) – Electric-vehicle startup Fisker slashed its 2023 production guidance on Monday as it…
Amazon cuts games unit jobs in broader restructuring
By Greg Bensinger (Reuters) -Amazon.com has cut around 180 jobs in its games division, at least the second round of…
US needs more pipeline capacity for reliable gas supply -trade group
(Reuters) – The U.S. needs more natural gas pipeline capacity to maintain reliable gas supply during extreme cold weather, a…
Global stocks hamstrung by inflation, interest rate worries
By Koh Gui Qing and Naomi Rovnick LONDON/NEW YORK (Reuters) – Global stocks traded in a narrow range on Monday…
Tyson Foods shares retreat on downbeat revenue forecast
By Granth Vanaik and Tom Polansek (Reuters) -Tyson Foods on Monday forecast revenue for its next fiscal year below Wall…
Home Depot, Lowe’s may signal more pain from muted consumer spending, housing demand
By Deborah Mary Sophia (Reuters) – Wall Street is bracing for another quarter of weak sales from U.S. home improvement…
Google-parent Alphabet dissolves stake in trading app Robinhood
(Reuters) -Google-parent Alphabet said on Monday it had dissolved its stake in trading app operator Robinhood Markets. The disclosure comes…
Analysis-Panama court likely to revoke First Quantum copper mine contract
By Valentine Hilaire and Divya Rajagopal (Reuters) – Panama’s top court is likely to rule against Canadian miner First Quantum…