1.Rolls-Royce: –British engineering company Rolls-Royce(OTC:RYCEY) has put its Norwegian maritime engine unit Bergen back on the block, less than two months after Norway blocked a previous deal for it to be bought by a Russian company. “The sale process has restarted,” a source close to the matter said on...
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1.BMW: –BMW remains on course to meet its profit targets for 2021 despite rising raw material costs, though the global chip shortage will worsen and may hit production in the second quarter, the German carmaker said on Friday. Most of the auto industry has been hit by a global...
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Pfizer Inc. and German partner BioNTech SE said Friday they have initiated rolling submission of a Biologics License Application (BLA) with the U.S. Food and Drug Administration for full approval of their COVID-19 vaccine in individuals 16 years of age and older. The vaccine was already granted emergency use...
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1.GENERAL MOTORS: –General Motors Co (NYSE:GM) said on Wednesday that its first-quarter profit jumped, despite a global semiconductor chip shortage that has shuttered some of its plants. The No. 1 U.S. automaker posted a first-quarter net profit of $3 billion, or $2.03 per share, up from $294 million or...
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1.BANK OF AMERICA: –Bank of America has snapped up Emmanuel Regniez from Citigroup (NYSE:C) to co-head its investment banking franchise for France as it seeks to strengthen its network of European hubs after Brexit, according to a memo seen by Reuters. Regniez will share the investment banking leadership for...
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1.IBM: –Palantir has hired its first U.S. government chief medical officer, a former executive from IBM’s Watson Health business, as the data analytics company doubles down on its life sciences business. While the company made its name in software used by government defense agencies, sales to health-related agencies in...
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1.AstraZeneca: –AstraZeneca said its COVID-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second half growth forecast boosted its shares. Chief Executive Pascal Soriot again defended the vaccine rollout on...
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1.Caterpillar: –Heavy equipment maker CaterpillarInc (NYSE:CAT) reported a rise in adjusted first-quarter profit on Thursday, as equipment demand picked up after a pandemic-led slump last year. Caterpillar is expected to benefit from U.S. President Joe Biden’s massive $2 trillion infrastructure plan that includes hundreds of billions of dollars devoted...
1.Boeing: –Boeing(NYSE:BA) reported on Wednesday first quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations. Boeing announced earnings per share of $-1.53 on revenue of $15.22B. Analysts polled by Investing.com anticipated EPS of $-0.9691 on revenue of $15.46B. Boeing shares are up 13% from the...
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1.3M Co: –3M Co beat Wall Street estimates for quarterly revenue, as people bought more personal safety products to stave off potential coronavirus infection. The company’s N95 masks, which provide a high level of filtration against airborne contaminants, as well as its home improvement and general cleaning equipment have...
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