By David Shepardson, Allison Lampert and Chris Prentice (Reuters) -Boeing finalized a guilty plea to a criminal fraud conspiracy charge and agreed to pay at least $243.6 million after breaching a 2021[...]
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July 25, 2024
TotalEnergies Q2 earnings drop on ‘normalising’ refining margins
By America Hernandez PARIS -French oil major TotalEnergies reported a worse than expected 6% fall in second-quarter earnings on Thursday, hurt by lower refined product and gas sales and as European re[...]
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AstraZeneca raises profit outlook on strong medicines demand
By Pushkala Aripaka and Maggie Fick (Reuters) – Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday after beating analyst expectations for second-quart[...]
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Toymaker Hasbro’s turnaround efforts buoy quarterly results, shares rise
(Corrects James Zahn’s designation in paragraph 3 to editor in chief at The Toy Book, not senior editor) By Savyata Mishra (Reuters) – Hasbro posted a smaller-than-expected drop in second-[...]
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BofA payments app for businesses handled record $500 billion by mid-year
By Lananh Nguyen NEW YORK (Reuters) – Bank of America’s corporate clients approved a record $500 billion in payments through its CashPro app by mid-year, up almost 40% versus the same period in[...]
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Amazon racing to develop AI chips cheaper, faster than Nvidia’s, executives say
By Max A. Cherney AUSTIN, Texas (Reuters) – Inside Amazon.com’s chip lab in Austin, Texas, half a dozen engineers on a Friday afternoon put a closely guarded new server design through its[...]
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Swiss skin care firm Galderma flags prospects, but shares slip
ZURICH (Reuters) -Switzerland’s Galderma signalled sales growth would be at the upper end of its target range in 2024 after publishing half-year results, but its shares fell in a choppy market a[...]
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Stellantis triggers government scrutiny with Comau stake sale
By Giulio Piovaccari and Giuseppe Fonte MILAN (Reuters) -Carmaker Stellantis has agreed to sell a majority stake in its robotic unit Comau to One Equity Partners, in a deal that has drawn scrutiny fro[...]
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Leveraged Nvidia ETFs ramp up investor risk as tech turbulence hits markets
By Suzanne McGee (Reuters) – Making leveraged bets on Nvidia is likely to get much riskier if Wall Street’s tech-led selloff continues. Exchange-traded funds (ETFs) designed to magnify the[...]
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