By Bhanvi Satija and Michael Erman (Reuters) -Pfizer said on Tuesday it would generate $1.7 billion more in savings from cost cuts to its manufacturing and research operations, highlighting its operational efficiency even as it reported lower first-quarter revenue due to declining sales of its COVID-19 treatment Paxlovid. Chief Executive Albert Bourla, speaking on a …
Pfizer leans on cost cuts to offset falling revenue Read More »
MEXICO CITY (Reuters) – Mexico’s economy likely remained flat in the first three months of 2025 as a result of uncertainty generated by U.S. President Donald Trump’s fluctuating tariff policies, a Reuters poll showed on Tuesday. Gross Domestic Product (GDP) likely sat at 0.0% in the first quarter in seasonally adjusted terms, according to the …
Mexican economy seen flat in first quarter: Reuters poll Read More »
(Reuters) -British luxury brand Burberry is evaluating potential candidates to succeed Gerry Murphy as chairman, Sky News reported on Tuesday. While Murphy is not expected to step down this year, the exact timing of his departure has not been formally determined, the report said, citing insiders. Murphy, who took over from Sir John Peace in …
Burberry launches search for Chairman Gerry Murphy’s successor, Sky News reports Read More »
(Reuters) -Wells Fargo said on Tuesday that its board had authorized a stock buyback program of up to $40 billion. The new plan will take effect upon the completion of the current repurchase program, it said. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Anil D’Silva)
By Tatiana Bautzer and Niket Nishant NEW YORK (Reuters) -A large majority of Citigroup shareholders has approved CEO’s Jane Fraser’s 33% pay increase to $34.5 million at a virtual annual meeting held on Tuesday, as well as the compensation for other senior executives. During the meeting, some shareholders questioned the total size of compensation. One …
Citigroup’s shareholders approve 2024 pay for CEO, executives, new shares for grants Read More »
By Svea Herbst-Bayliss (Reuters) – Online dating company Match Group will add a consumer-technology executive to its board and lay the groundwork for all directors to stand for election annually, ending a dispute with shareholder Anson Funds. The company, valued at $7.6 billion, said on Tuesday that Kelly Campbell, the former president of NBCUniversal’s Peacock, …
Match settles dispute with Anson Funds, adds new director to board Read More »
By Nupur Anand NEW YORK (Reuters) -Wells Fargo shareholders on Tuesday approved executive pay packages and the appointment of directors with strong majority support. Most of the company’s proposals received over 90% of shareholders’ votes in favor of the motions while all the shareholder proposals were rejected. On Tuesday, the bank also said its board …
Wells Fargo investors approve executive pay as compliance fixes gain momentum Read More »
By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -JetBlue Airways pulled its 2025 forecast on Tuesday, the latest U.S. carrier to scrap its outlook, as the economic uncertainty caused by President Donald Trump’s trade war has made it harder for companies to predict the impact on their business. Delta, American, Alaska, Southwest and Frontier Airlines …
JetBlue joins US airlines in withdrawing forecasts over trade war Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump called Amazon Executive Chairman Jeff Bezos on Tuesday morning to complain about a report the company planned to display prices that show the impact of tariffs, according to multiple media outlets. Amazon denied the story from Punchbowl News and said it never considering listing tariff prices on its main …
Trump called Bezos to complain about Amazon report, media reports say Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods widened to a record high in March as businesses ramped up efforts to bring in merchandise ahead of President Donald Trump’s sweeping tariffs, suggesting trade was a large drag on economic growth in the first quarter. While some of the imported goods ended …
Tariffs-related stockpiling boosts US goods trade deficit to record high Read More »
