Business

American Airlines raises 2023 profit forecast on travel boom

Thursday, July 20 by SRN News

(Reuters) – American Airlines raised its annual forecast for adjusted profit on Thursday, powered by strong demand for domestic and international travel despite fears of a looming economic slowdown. The company said it expects an adjusted profit of $3.00 to $3.75... Read More.

UK antitrust regulator: We await new Microsoft proposal on Activision deal

Thursday, July 20 by SRN News

LONDON (Reuters) – Britain’s antitrust regulator is waiting for Microsoft to submit a modified deal structure to buy “Call of Duty” maker Activision Blizzard, its boss Sarah Cardell said on Thursday. “We understand from Microsoft that they would like to put... Read More.

J&J-spinoff Kenvue forecasts upbeat annual profit on strong self-care demand

Thursday, July 20 by SRN News

(Reuters) -Kenvue, the former consumer health unit of Johnson & Johnson, forecast full-year profit above Wall Street estimates on Thursday, betting on resilient demand for its skincare and self-care products such as Neutrogena and Tylenol. Consumers focusing on spending on essential, daily use products amid... Read More.

J&J expects cancer drugs, medical devices to drive growth in 2023

Thursday, July 20 by SRN News

(Reuters) -Johnson & Johnson forecast 2023 profit above Wall Street estimates on Thursday, banking on demand for its cancer drugs such as Darzalex and the strength in its medical devices business. Shares of J&J, which recently spun off its consumer health unit to focus on... Read More.

Inditex transfers operation of Zara stores in Argentina, Uruguay to Regency Group

Thursday, July 20 by SRN News

By Corina Pons MADRID (Reuters) – Zara owner Inditex said on Thursday it had reached an initial agreement to transfer the operation of its stores in Argentina and Uruguay to Regency Group, which already runs other parts of its Latin American... Read More.

TSMC flags 10% fall in 2023 sales as weak global outlook weighs

Thursday, July 20 by SRN News

By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Taiwanese chipmaker TSMC forecast a drop of around 10% in 2023 sales on Thursday and flagged investment spending at the low end of estimates as global economic woes dent demand for chips used in everything from cars... Read More.

Dollar steadies after one-two punch from Aussie, Chinese yuan

Thursday, July 20 by SRN News

By Amanda Cooper LONDON (Reuters) – The dollar held mostly steady against the euro and the yen on Thursday, but dropped against the Australian dollar after domestic job data beat expectations, and against the yuan, which received a lift from Chinese... Read More.

Tesla, ABB, TSMC get Q2 earnings off to downbeat start

Thursday, July 20 by SRN News

LONDON (Reuters) – ABB warned on Thursday of slowing Chinese demand, Taiwanese chipmaker TSMC forecast a drop in 2023 sales and Electrolux cautioned shoppers are seeking cheaper appliances, deepening worries about global corporate and economic health. The news cast a pall... Read More.

Exclusive-Microsoft hit with EU antitrust complaint by German rival

Thursday, July 20 by SRN News

By Foo Yun Chee BRUSSELS (Reuters) -Microsoft was hit with an EU antitrust complaint by German rival alfaview on Thursday, the second so far over its bundling of video app Teams into its Office product. Regulators are already preparing to open an investigation into Microsoft’s... Read More.

Marketmind: Tesla, Netflix underwhelm

Thursday, July 20 by SRN News

A look at the day ahead in U.S. and global markets from Mike Dolan An overdue cold shower? July 20 (Reuters) – The first of the supercharged Big Tech firms to report in this earnings season – Tesla and Netflix – seemed to underwhelm markets overnight,... Read More.

Current Weather

American Airlines raises 2023 profit forecast on travel boom

UK antitrust regulator: We await new Microsoft proposal on Activision deal

J&J-spinoff Kenvue forecasts upbeat annual profit on strong self-care demand

J&J expects cancer drugs, medical devices to drive growth in 2023

TSMC flags 10% fall in 2023 sales as weak global outlook weighs

Dollar steadies after one-two punch from Aussie, Chinese yuan

Tesla, ABB, TSMC get Q2 earnings off to downbeat start

Exclusive-Microsoft hit with EU antitrust complaint by German rival

Marketmind: Tesla, Netflix underwhelm

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