1.INTEL : Intel stock was down 1.7% in Friday’s premarket trading following a disappointing forecast for the ongoing financial year that hinted at ongoing loss of market share in providing data centers with silicon chips. and chief executive Pat Gelsinger’s comments indicating a stretched period for chip shortages. The company...
1.VISA :Visa Inc said on Thursday that it had agreed to buy British cross-border payments provider Currencycloud at a valuation of 700 million pounds ($962.01 million). Visa has been a Currencycloud shareholder since 2020, and the financial consideration will be reduced by the equity that the card network company...
1.COCA-COLA :-Coca-Cola Co raised its full-year sales and profit forecasts on Wednesday, as demand rebounds for its beverages from the re-opening of theaters, restaurants and stadiums. Shares of the world’s largest soda maker rose 2% in early trading. Revenue in Coca-Cola’s North America business rose 28% in the second...
1.VOLVO : -Sweden’s AB Volvo warned on Tuesday of more production disruptions and stoppages this year after chip shortages prevented the truck maker from fully capitalising on strong demand for its vehicles in the second quarter. Operating profit at the maker of trucks, construction equipment, buses and engines nearly...
1.WALMART : Walmart’s Flipkart should not be treated the same as rival Amazon in an Indian antitrust probe as the evidence against the two firms was “qualitatively different”, Flipkart argued in a court filing seen by Reuters. In final submissions made to a court in southern India’s Karnataka state,...
1.VOLKSWAGEN : German automaker Volkswagen AG , the top foreign automaker in China, the world’s biggest car market, said on Friday that it expected chip supplies to improve in the next six months. Automakers around the world have had to adjust assembly lines due to the shortages, caused by...
1.DAIMLER: Mercedes-Benz maker Daimler AG on Thursday reported preliminary adjusted group earnings before interest and tax (EBIT) of 5.42 billion euros ($6.42 billion) for the second quarter, with car and truck divisions beating analyst targets. Mercedes-Benz Car and Van results were helped by pricing and cost discipline, helping to...
1. PFIZER: COVID-19 vaccine maker Pfizer Inc (NYSE: PFE) will meet with federal health officials as soon as Monday to discuss the need for a booster dose of the coronavirus vaccine as it prepares to seek authorization, the company said on Sunday. The meeting comes days after the drugmaker and...
1. PFIZER:Pfizer Inc plans to ask U.S. regulators to authorize a booster dose of its COVID-19 vaccine within the next month, the drugmaker’s top scientist said on Thursday, based on evidence of greater risk of reinfection six months after inoculation and the spread of the highly contagious Delta variant....
1. GOOGLE:Alphabet was down 1.8% in Thursday’s premarket trading, a day after several states took it to court alleging the company operates an illegal monopoly with its Google Play app store. The suit adds to the pile of litigations against the company in the U.S. and Europe over its...