April 19, 2023 8:32 am
In a preliminary release of main indicators published Tuesday, TotalEnergies said that the variable cost margin for its European refining business had risen to $87.8 per tonne in the first quarter. The latter compares with $46.3 per tonne in the same period a year earlier. The company also said its hydrocarbon production would probably exceed […]
Read moreApril 17, 2023 8:52 am
Merck & Co Inc and Prometheus Biosciences Inc said that they had entered into a definitive agreement under which Merck, through a subsidiary, will acquire Prometheus for $200.00 per share in a $10.8 billion all-cash deal. Prometheus is a clinical-stage biotechnology firm pioneering a precision medicine approach for the discovery, development and commercialization of novel […]
Read moreApril 14, 2023 8:55 am
Lucid Group Inc (LCID), backed by Saudi Arabia’s Public Investment Fund, said this week it had produced 2,314 vehicles and delivered 1,406 vehicles during the quarter ended March 31st. Those figures compared with 3,493 vehicles produced and 1,932 vehicles delivered in the quarter ended December 31st 2022. In February when it issued a full-year forecast, […]
Read moreApril 12, 2023 10:12 am
Mercedes-Benz Group on Wednesday reported a moderate vehicle sales growth during the first quarter, underpinned by electric vehicles and premium cars. The group’s international sales rose 3% year-on-year to 503,500 vehicles. Among regions, Europe registered the largest sales growth rate – 8% year-on-year. Electric vehicles drove sales growth during the quarter, as sales in the […]
Read moreApril 12, 2023 8:11 am
Airbus Group on Tuesday confirmed an 11% decrease in its first-quarter deliveries and also said it had sold 4 A350 freighters to an unnamed customer. The European plane maker said it had delivered 127 jets in the latest quarter compared with 142 jets during the same period a year earlier. The company sold 20 jets […]
Read moreApril 10, 2023 9:03 am
Minim Inc, the creator of home networking products and software under the Motorola brand, said last week it had appointed Jeremy Hitchcock as its Executive Chairman, effective immediately. Hitchcock is to succeed Mehul Patel who has stepped down from the role of Chief Executive Officer to pursue other career opportunities. Hitchcock is the Founder, Chairman […]
Read moreApril 9, 2023 12:00 pm
First Republic Bank (FRC) said in a regulatory filing this week payments of quarterly cash dividends on its preferred stock would be suspended “as a measure of prudent oversight.” In March, First Republic suspended dividends on its common stock following Silicon Valley Bank’s failure. Also last month, major US lenders poured $30 billion in deposits […]
Read moreApril 7, 2023 9:53 am
According to a report by the Financial Times, global investment firm KKR is approaching a deal to acquire a large stake in FGS Global that will value the latter at nearly $1.4 billion. FGS Global is backed by advertising group WPP. According to the report, KKR may acquire over 30% of FGS Global from a […]
Read moreApril 6, 2023 10:26 am
Lumentum Holdings Inc said this week it now expected revenue for its fiscal third quarter to be within the range of $380 million to $384 million. Previously, the company had forecast revenue in the range of $430 million to $460 million. “Late in our fiscal 2023 third quarter, a network equipment manufacturer who represented more […]
Read moreApril 6, 2023 8:01 am
Deutsche Telekom (DTEGn) now has a majority stake in T-Mobile U.S., Deutsche Telekom’s Chief Executive Officer Tim Höttges said during the company’s annual general meeting. “We have the majority and are the largest shareholder of the world’s most valuable telecommunications company – T-Mobile U.S.,” Höttges said. The value of T-Mobile U.S. has surged by EUR […]
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