Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Bristol Myers first-quarter earnings miss expectations as cancer drugs underperform
By Michael Erman NEW YORK (Reuters) - Bristol Myers Squibb Co reported lower-than-expected first-quarter profit on Thursday as sales of its high margin cancer drugs Revlimid and Opdivo fell short of W...
Apr 29, 2021
Tod’s chairman says considering ‘doing something’ with LVMH
ROME (Reuters) - Tod's and LVMH are considering whether the two luxury groups groups can "do something together" after the French giant increased its shareholding in the Italian company to 10% earlier...
Apr 29, 2021
Textron raises 2021 profit view on robust demand for helicopters, jets
(Reuters) -Business jets maker Textron Inc raised its full-year profit forecast on Thursday on improving demand for commercial helicopters and business jets following a rebound in economic growth. Sal...
Apr 29, 2021
Merck misses profit estimates, forecasts larger hit to 2021 sales from pandemic
(Reuters) -Merck & Co Inc on Thursday missed estimates for first-quarter profit and forecast a bigger hit to 2021 sales than its previous estimate as the pandemic hurt demand for its drugs that need t...
Apr 29, 2021
Northrop raises annual outlook as results beat on F-35 jet parts, radar demand
By Mike Stone (Reuters) - Northrop Grumman Corp raised its full-year sales and earnings outlook as the U.S. weapon maker's quarterly results topped estimates on Thursday, helped by higher demand for F...
Apr 29, 2021
Caterpillar profit rises as equipment demand picks up
(Reuters) -Heavy equipment maker Caterpillar Inc reported a rise in adjusted first-quarter profit on Thursday, as equipment demand picked up after a pandemic-led slump last year. Caterpillar is expect...
Apr 29, 2021
Faraday Future signs Velodyne as exclusive lidar supplier for luxury EV
(Reuters) - Faraday Future has selected Velodyne Lidar Inc as an exclusive supplier for its flagship luxury electric car FF 91, which is due to be launched next year, the sensor maker said on Thursday...
Apr 29, 2021
Thermo Fisher profit nearly triples on life sciences, COVID-19 test boost
(Reuters) - Thermo Fisher Scientific Inc on Thursday posted quarterly profit that nearly tripled, helped by increased demand for its COVID-19 tests and a jump in sales at its life sciences unit. The c...
Apr 29, 2021
Carlyle’s earnings rise 23% on strong asset sales
By Chibuike Oguh (Reuters) - Carlyle Group Inc said on Thursday its first quarter after-tax distributable earnings rose 23% year-on-year, driven by strong growth in asset sales from its private equity...
Apr 29, 2021
Next up for Fed’s Powell and the taper test: ‘string’ theory
By Ann Saphir (Reuters) - The list of what will get Federal Reserve Chair Jerome Powell to start thinking about cutting back on the central bank's support for the U.S. economy is a short one: jobs, jo...
Apr 29, 2021
