BERLIN (Reuters) – Nivea maker Beiersdorf expects organic sales growth to slow this year to a mid-single-digit range after reporting double-digit growth for the first time in two decades in 2022[...]
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March 1, 2023
UK clears Viasat’s multi-billion-dollar buyout of satellite rival
By Paul Sandle LONDON (Reuters) -Britain provisionally cleared satellite company Viasat’s buyout of rival Inmarsat on Wednesday, saying the $7.3 billion deal would not substantially reduce compe[...]
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Caterpillar reaches tentative deal with union, averting possible strike
(Reuters) -Caterpillar Inc said on Wednesday it had reached a tentative agreement with a union that represents workers at four of its facilities, dodging a possible walkout at a time when companies ac[...]
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Biden to require chips companies winning subsidies to share excess profits
By David Shepardson WASHINGTON (Reuters) -The Biden administration on Tuesday said it will require companies winning funds from its $52-billion U.S. semiconductor manufacturing and research program to[...]
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Visa, Mastercard pause crypto push in wake of industry meltdown – sources
By Manya Saini (Reuters) – U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook fai[...]
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Credit Suisse personal & business banking boss Haux to leave
ZURICH (Reuters) -Credit Suisse on Wednesday said its Head of Personal & Business Banking, Anke Bridge Haux, is to leave the bank. Haux, who has been with the Swiss bank for 15 years, is to take o[...]
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Reckitt beats sales estimates helped by higher prices, infant formula sales
By Richa Naidu LONDON (Reuters) -Britain’s Reckitt Benckiser, maker of Dettol and Lysol cleaning products, on Wednesday marginally beat full-year like-for-like net revenue expectations, helped b[...]
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Aston Martin says profitability to improve this year after tough 2022
(Reuters) – Aston Martin, a London-listed luxury carmaker, said it expects profitability to improve this year and to turn free cash flow positive in the second half as it begins deliveries of it[...]
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Exclusive-Tesla readies revamp of Model Y codenamed ‘Juniper’ – sources
SHANGHAI/SAN FRANCISCO (Reuters) – Tesla is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan. The changes to the Model Y – code-named[...]
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