International Companies
China's factory gate prices fall
China’s factory gate prices fell into negative territory in October, official data showed on Wednesday, while consumer inflation softened, as rolling lockdowns and weakening global demand weighed heavily.
DuPont announces $5bn share buyback after earnings beat
American chemicals giant DuPont de Nemours announced a mammoth $5bn share buyback on Tuesday, as it reported a 4% improvement in third quarter net sales to $3. 3bn, with organic sales up 11% year-on-year.
Third-quarter earnings beats forecasts at Bayer
Strong demand for seeds and herbicides helped Bayer Group post forecast-beating third-quarter numbers on Tuesday.
Ritchie Bros to buy IAA in $7.3bn deal
Canada’s Ritchie Bros Auctioneers has agreed to buy digital vehicle marketplace IAA in a $7. 3bn deal.
Sales and profits down sharply at BioNTech
BioNTech reported a sharp fall in quarterly revenues and profits on Monday, after demand for its Covid-19 vaccine slowed.
Facebook owner Meta to begin layoffs this week - report
Facebook and Instagram owner Meta Platforms is reportedly planning to begin layoffs that will affect thousands of workers from this week.
Pfizer BioNTech BA.4/BA.5 booster against Covid-19 shows greater efficacy
Pfizer and BioNTech's Covid-19 booster revealed greater efficacy against the BA. 4/BA. 5 variants of the virus than their original shot in persons older than 55.
China approves BioNTech Covid vaccine for use among expatriates
China approved BioNTech SE's mRNA Covid-19 vaccine for use among the expatriate population in the People's Republic of China.
SocGen tops expectations for third-quarter net earnings
French banking giant Societe Generale beat expectations on its reported third-quarter net earnings on Friday, which came in at €1. 5bn - well ahead of the €1bn analysts had pencilled in.
Peloton reports first-quarter loss, forecasts weaker holiday sales
Peloton Interactive quarterly losses came in at almost double market expectations on Thursday, as the ailing smart exercise equipment maker took the wraps off a seriously weak holiday sales forecast.
Moderna Q3 earnings and sales disappoint
Biotechnology outfit Moderna missed analysts' estimates for third quarter earnings and sales by a wide margin.
Morgan Stanley plans fresh round of global layoffs - report
Morgan Stanley is reportedly planning to start a fresh round of layoffs globally in the coming weeks, as dealmaking business takes a hit from rising inflation and the economic downturn.
Elon Musk to cut Twitter's workforce in half
Twitter's new owner Elon Musk will look to cut roughly 3,700 jobs at the social media giant as part of an effort to cut costs.
Estee Lauder posts Q1 earnings beat, lowers full-year forecasts
Cosmetics giant Estee Lauder beat market expectations on its first-quarter profit on Wednesday, but sounded a downbeat tone on its outlook.
Pfizer lifts outlook after third-quarter earnings beat
Pfizer shares were in the green in early Wall Street trading on Tuesday, as the pharmaceutical giant hiked its outlook on the back of a third-quarter earnings beat.
Poseidon to buy US asset manager Atlas Corp in $10.9bn deal
Poseidon Acquisition Corp has agreed to buy US asset manager Atlas Corp in a $10. 9bn deal.
Saudi Aramco Q3 net income surges 39% YOY
Oil giant Saudi Aramco posted a 39% increase in third-quarter net income on Tuesday amid heightened crude prices and global supply woes.
Johnson & Johnson to buy Abiomed in $16.6bn deal
Johnson & Johnson said on Tuesday that it has agreed to buy heart recovery specialist Abiomed in a $16. 6bn deal.
Uber boosts guidance after 'record' quarter
Third-quarter revenues came in ahead of expectations at Uber Technologies on Tuesday, after a surge in demand post-pandemic.