Daily Management Review
Business & Finance

Novartis nine-month net income loses 29 percent

Novartis, a pharmaceutical business, reported that its net income for the first nine months of 2022 decreased by 29% from the same period last year to $5.489 billion. In comparison to $3.44 a year earlier, Novartis' diluted earnings per share for the three quarters was $2.5. Revenue decreased 1%...

U.S. may sanction major Chinese chipmaker

Getting a subsidiary of significant Chinese chipmaker, Naura Technology Group on Washington's list of trading partners under surveillance is the reason the U.S. may impose export restrictions on the company. U.S. officials are already in discussions with representatives of Naura about the potential...

Nasdaq Suspends IPOs Of Small Chinese Firms As It Investigates Stock Market Rallies

The preparations for at least four small Chinese companies' initial public offerings (IPOs) have been halted by Nasdaq Inc while it investigates short-lived stock rallies of such firms following their debuts, said reports quoting lawyers and bankers who work on such stock launches.   The...

According To A Trade Group, Mexican Craft Beer Will Gain Ground Despite Rising Costs

The Mexican craft beer industry is expected to grow by more than 10% this year, according to the country's brewing association ACERMEX, despite skyrocketing costs and competition from European-owned heavyweights.   "The effects of the pandemic, added to the war between Russia and Ukraine ......

Net Profit Of India's ICICI Bank Rises 37% With Fall Of Provision For Bad Loan

On Saturday, ICICI Bank, India's second-largest private-sector lender, reported a 37% increase in quarterly net profit as loan growth increased and provisions for bad loans decreased.   According to Refinitiv IBES data, net profit for the three months ending September 30 increased to 75.58...

AT&T Increases Its Annual Profit Projections Due To Strong Wireless Additions

AT&T Inc raised its annual profit forecast and reported a better-than-expected adjusted profit in its third quarter on Thursday, citing strong demand for its phone and internet services, as well as an increase in the number of Americans upgrading to 5G plans.   AT&T has returned to...

YouTube Broadens Audio And Podcast Ad Campaigns For Brands

Alphabet Inc's YouTube said on Monday that it will expand ways for advertisers to reach music and podcast listeners as well as viewers on connected televisions.   The announcements come as the advertising industry has struggled in the face of record-high inflation and supply-chain...

BP Will Pay $4.1 Billion For Acquiring US Biogas Producer Archaea

BP will pay approximately $4.1 billion for Archaea Energy Inc, a U.S.-based producer of renewable natural gas (RNG), the companies announced on Monday, as the British energy major seeks to expand its alternative fuels business.   The transaction will be the largest RNG acquisition to date,...

Hyundai to spend $5.5B on e-cars plant in U.S.

The South Korean carmaker Hyundai stated that it will start constructing a factory to develop electric vehicles and batteries in the United States in October. According to a corporate statement cited by Reuters, the project's expected cost is $5.5 billion. for $5.5 billion The plant is expected to...

Netflix to introduce cheap subscription plan with ads

According to the website for the streaming service, Netflix will release a new, less expensive subscription plan with commercials in November. The statement reads, "We are excited to debut "Basic with Ads, Netflix's more affordable plan with advertisements in November. The price of this plan is...
1 ... « 51 52 53 54 55 56 57 » ... 399