By Christine Chen and Rishav Chatterjee SYDNEY (Reuters) -Australian biotech CSL has cut its profit outlook and delayed plans to spin off its vaccine division, blaming an unprecedented fall in U.S. flu immunisation rates, which knocked its shares down as much as 16.6% to a near seven-year low. At CSL’s annual meeting in Melbourne on …
CSL delays spin-off, cuts profit outlook as US vaccination rates slide Read More »
By Jonathan Stempel (Reuters) -A federal judge decertified on Monday a class action by tens of millions of Apple customers who accused the company of monopolizing the market for iPhone apps by banning purchases outside its App Store, leading to higher prices. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, reversed her February 2024 …
US judge decertifies Apple app store class action Read More »
(Reuters) -Paramount Skydance plans to keep much of Warner Bros Discovery intact if the two companies merge, with CEO David Ellison aiming to retain creative teams at both studios while streamlining marketing and distribution, Bloomberg News reported on Monday. Reuters could not immediately verify the report. The companies did not immediately respond to Reuters’ requests …
Paramount plans to keep Warner Bros largely intact after merger, Bloomberg News reports Read More »
(Reuters) -NXP Semiconductors NV forecast fourth-quarter revenue above Wall Street estimates on Monday, as it recovers from sluggish demand and sees a rebound in the automotive segment. Shares of the Eindhoven, Netherlands-based company rose 2% in U.S. extended trading, having gained 6.6% so far this year. The chipmaker is benefiting from momentum across automotive end …
NXP forecasts upbeat quarterly revenue on recovery in demand Read More »
(Reuters) -Insurance broker Brown & Brown posted a higher third-quarter adjusted profit on Monday, helped by stronger commissions and fees as demand continued to rise. Insurance spending has kept rising as businesses and individuals cut back elsewhere, driven by efforts to protect against climate-related disasters and new risks like cyber threats. The sector’s resilience comes …
Brown & Brown’s adjusted profit rises on fee and commission growth Read More »
(Reuters) -Welltower raised its 2025 funds from operations forecast on Monday and announced $23 billion in deals to deepen its bet on the booming senior-housing sector demand, while pivoting away from slower-growing medical-office assets. The real estate investment trust, which owns senior housing, outpatient medical centers, and healthcare properties across the U.S., Canada, and the …
Welltower boosts annual FFO forecast, unveils $23 billion senior housing expansion Read More »
(Reuters) -Insurance and asset management company Principal Financial reported a rise in third-quarter profit on Monday, driven by increased premiums and stronger fee income. Demand for insurance products has sustained despite higher borrowing costs, as both businesses and households remain focused on safeguarding against potential risks. Besides, still-high interest rates have boosted insurers’ income from …
Principal Financial’s quarterly profit rises on higher premiums Read More »
(Reuters) -Cybersecurity firm F5 forecast annual revenue below Wall Street estimates on Monday, warning that a recent systems breach that triggered alarm over potential risks to U.S. and UK government systems would hurt demand for its services. Shares of the company, which serves most of the Fortune 500 firms in some capacity, were down 5.8% …
F5 warns breach that alarmed governments will weigh on sales, shares slide Read More »
By Harshita Mary Varghese (Reuters) -Qualcomm on Monday unveiled two artificial intelligence chips for data centers that will be available next year, diversifying beyond a stagnant smartphones market and sending its shares up 20%. The share gain following the news underscores strong enthusiasm for the company’s AI bets while the smartphone chipmaker geared up to …
Qualcomm announces new AI chips in data center push, shares surge Read More »
By Sinéad Carew and Pranav Kashyap (Reuters) -Wall Street’s main indexes posted record closing highs for the second day in a row on Monday as investors were hopeful about the prospects for a U.S.-China trade deal and looked forward to a week packed with high-profile technology earnings and a widely expected U.S. interest rate cut. …
Wall St scales fresh highs on tech earnings, US-China trade optimism Read More »
