Johnson & Johnson on Tuesday raised its annual adjusted profit forecast, but stuck to its COVID-19 vaccine sales target of $2.5 billion as it works its way through production challenges that have resulted in delays.
SoftBank Group-backed Indian ride-hailing firm Ola is set to lose two top executives, according to an internal memo seen by Reuters, ahead of a potential $1 billion initial public offering.
As China raced ahead of major rival economies from the COVID-19 induced slump last year, Beijing saw a chance to push through tough measures targeting debt-ridden developers as well as industrial polluters and tech giants.
World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of more forecast-beating corporate earnings helped counter concerns about elevated inflationary pressures.
Myanmar's military rulers have asked executives from Norwegian telecom firm Telenor not to leave the country pending regulatory approval of the company's deal to sell its operations there, a junta minister said on Tuesday.
Euro zone bond yields were steady on Tuesday, stabilising after a sharp sell-off in the bond markets of developed economies in the previous session.
Italy's No. 2 bank UniCredit has invited expressions of interest from investors for its leasing business to gauge market appetite for the unit as it weighs a potential sale, two people close to the matter said.
Private equity company Bridgepoint Group has agreed to buy a majority stake in traffic and transport software maker PTV Group from parent Porsche SE for an undisclosed sum.
J.P.Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple Inc's iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant.
Private equity company Bridgepoint Group has agreed to buy a majority stake in traffic and transport software maker PTV Group from parent Porsche SE for an undisclosed sum.
Procter & Gamble Co beat quarterly sales estimates on Tuesday as easing of pandemic-related restrictions boosted demand for its personal care products, while the company warned of higher commodity and transportation expenses.
U.S. stock index futures rose on Tuesday as an upbeat profit forecast from Johnson & Johnson added to the positive momentum in corporate earnings generated by big banks last week.
Atea Pharmaceuticals said on Tuesday a mid-stage trial testing its experimental COVID-19 treatment failed to meet the main goal of reducing the amount of SARS-CoV-2 virus in patients with mild or moderate disease. (Reporting by Mrinalika Roy in Bengaluru; Editing by Shailesh Kuber)
Chipmaker GlobalFoundries, owned by Abu Dhabi's sovereign wealth fund Mubadala Investment Co, is aiming for a valuation of around $25 billion in its initial public offering in the United States.
Procter & Gamble Co beat quarterly sales estimates on Tuesday as easing of pandemic-related restrictions boosted demand for its personal care products, while the company warned of higher commodity and transportation expenses.