Chevron Corp announced a share buyback program with it reporting its highest profit in six quarters as the oil and gas firm joined other industry peers to share profits with shareholders with a rebound in crude oil prices pushed earnings and cash flow to levels before the pandemic hit. An increase in demand and use…
Revenue growth is expected to “significantly” slowdown in the second half of the current year, warned the largest social media company of the world Facebook. This was stated by the company as it reported a significant growth in its revenue for the three months to 30 June to $29bn compared to $18.69bn in the same…
With deliveries of its best seller planes, the 737 MAX jets, picking up during the quarter, United States based plane maker Boeing Co reported its first quarterly profits in almost two years, as global travel has started to see a revamp form the near collapse during the pandemic with a steady pace of Covid-19 vaccine…
With countries stocking up on its Covid-19 vaccines and ordering more for the rest of the year, its forecast for full-year sales of its vaccine was raised by Pfizer Inc on Wednesday by almost 29 per cent to $33.5 billion. Pfizer partnered with Germany’s BioNTech to develop the vaccine. While reaffirming that a booster dose…
Higher costs of raw materials is likely to bring down its margins this year, warned Reckitt Benckiser Group, just like a number of other top consumer goods companies, which sent its shares down by 9 per cent on Tuesday. The company also reported a slowdown in growth in demand for its products such as Lysol…
The first vaccine in the world for malaria, based on mRNA technology, is planned to be developed by BioNTech – building on its successful development of Covid-19 vaccine. The company plans to begin clinical trials of the malarial vaccine by the end of next year in its effort to completely eradicate the mosquito borne disease…
India’s Tata Motors Ltd, the owner of JLR brand, is anticipating an easing of global supply chain issues that started with the emergence of the Covid-19 pandemic with the rapid roll out of vaccines and forecast on Monday of its optimism to see an enhancement of performance of its business from the second half of…
A shortage of auto parts, including that of semiconductor chips for cars, has forced the Japanese automaker Toyota Motor Corp to stop production of vehicles since earlier this week at three of its manufacturing plants in Thailand, said the Japanese auto major Thursday. The auto company said in a statement that vehicle production at its…
There was a surge in demand from customer primarily in the United States as people took top the new menu items of the company, including cheeseburger and chicken taco pizzas, which helped Domino’s Pizza Inc to comfortable beat analysts’ estimates for revenue and profit for the second quarter. The strong performance of the company…
British payments start-up Currencycloud is to be acquired by Visa, the payments company said Thursday. This is the second major fintech firm acquisition this year by Visa. Visa said that the acquisition had valued Currencycloud at £700 million ($962 million). At the beginning of 2020, an $80 million investment in Currencycloud had been led by…
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