International Companies
Netflix misses forecasts for Q3 net new adds, sales and earnings
Netflix missed analysts' estimates for new subscriber additions and earnings in the third quarter, sending the streaming video giant's stock duly lower.
Intel shares plummet after poor Q3 data centre sales
Intel's shares plummeted after the chip-making giant posted worse than expected sales for its data-center unit.
Intel to sell NAND memory operations to SK Hynix for $9bn
Semiconductor giant Intel has clinched a deal to hive away its NAND flash memory unit to South Korea's SK Hynix for approximately $9bn.
Procter & Gamble Q1 revenues lifted by Covid-19 demand
Household products manufacturer Procter & Gamble saw first-quarter revenues rise on the back of increased demand for its cleaning and laundry products amid the Covid-19 pandemic.
Caterpillar Q3 earnings fall as equipment sales slip
Industrial machinery giant Caterpillar posted a sharp drop in quarterly earnings on Tuesday as equipment sales fell across all territories.
Facebook fixes technical errors on political ads ahead of US election
Facebook acknowledged and fixed a tech error in its systems on Thursday that was affecting political ads from both Democrats and Republicans, improperly paused them.
Huawei smartphone shipments fall as US sanctions hit tech giant
In the third quarter of 2020, Huawei shipped 51. 7m smartphones or 23% less than the year before, according to a Canalys report published on Thursday.
Moderna says Covid-19 vaccine trial data 'on track' for November
One of the front-runners in the global efforts to acquire a vaccine against Covid-19 said it was on track to report on the preliminary results of its clinical studies in November.
Tesla plans to open 52 service centers next year
Tesla plans to open 52 new service centers in 2021 with at least one opening a week, reported Electrek on Thursday.
US wholesale inventories dip even as retailers race to replenish stocks
Company inventories at the wholesale level slipped last month, despite brisk stockpiling by retailers.
Boeing to reduce workforce by 20% in the face of Covid-19
Aerospace giant Boeing laid out plans to streamline the manufacturer in the face of the brutal headwinds from the Covid-19 pandemic that were buffeting the entire sector.
Lilly partners with US government to fight Covid-19 in $375m deal
Pharmaceutical firm Eli Lilly and Company announced on Wednesday an initial agreement with the US government worth $375m to supply 300,000 vials of bamlanivimab, an investigational neutralizing antibody to fight Covid-19.
Ericsson wins contract for 5G deployment in London and other major UK cities
Ericsson has won a contract to partner with BT to carry out the deployment of 5G tech in London and other major UK cities.
Airbus, ST Engineering to expand A321 freighter plane programme
Airbus and Singapore's ST Engineering said they would set up new sites in China, Germany and the United States by 2023 to convert A321 passenger planes into freighters.
Eli Lilly falls short of Q3 EPS forecasts
Eli Lilly posted lower than expected quarterly earnings, but reaffirmed its full-year guidance for profits.
AMD to buy rival Xilinx in $35bn deal
Advanced Micro Devices has agreed to buy rival chip maker Xilinx in an all-share transaction valued at $35bn.
Eli Lilly halts late stage trial into Covid-19 antibody treatment, but 'confident' it works
Eli Lilly and researchers at the National Institutes of Health have paused a late-stage clinical trial into a combination of the company's antibody treatment against Covid-19 in combination with Gilead Science's Remdesivir in severely ill patients.
Santander beats on Q3 net profits, adds to capital buffers
Spain's largest lender posted better-than-expected third quarter profits even as it strengthened its capital buffers.
Bayer to buy US-based Asklepios Bio for up to $4bn
Germany’s Bayer has agreed to buy US biopharmaceutical firm Asklepios BioPharmaceutical for up to $4bn.
SAP slides after cutting full-year guidance
SAP shares tumbled on Monday after the German software company cut its full-year revenue guidance as the Covid-19 pandemic dents demand.