AbbVie raises profit forecast as Humira stays strong, new drugs impress

(Reuters) -AbbVie on Thursday raised its annual profit forecast after beating analysts' estimates for second-quarter earnings on a lower-than-expected fall in sales of blockbuster arthritis drug Humira and strong sales of newer treatments.

newspaper

27-07-2023

AbbVie raises annual profit forecast as Humira stays strong, new drugs impress

AbbVie on Thursday raised its annual profit forecast after beating analysts' estimates for second-quarter earnings on a lower-than-expected fall in sales of blockbuster arthritis drug Humira and strong sales of newer treatments.

newspaper

27-07-2023

Nestle sales outlook brightens after strong first half

LONDON (Reuters) -Nestle improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world's biggest packaged food company again raised prices to cope with higher input costs.

newspaper

27-07-2023

Nestle beats first-half organic sales expectations

LONDON (Reuters) -Nestle improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world's biggest packaged food company again raised prices to cope with higher input costs.

newspaper

27-07-2023

Airbus posts higher profit, removes near-term output goal

PARIS (Reuters) -Europe's Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed financial goals for the year, while removing an interim industrial target on the route to record jet output.

newspaper

26-07-2023

Airbus posts higher Q2 core profit, narrows output focus

Europe's Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed its financial goals for the year, while narrowing its focus for future production to a single target.

newspaper

26-07-2023

IMF urges BOJ to move away from yield control, prepare for future tightening

TOKYO/WASHINGTON (Reuters) -The Bank of Japan should start preparing for future monetary tightening by moving away from its yield control policy, the International Monetary Fund's chief economist Pierre-Olivier Gourinchas said on Tuesday.

newspaper

26-07-2023

Purdue Pharma bankruptcy can proceed despite potential US Supreme Court appeal

OxyContin maker Purdue Pharma may proceed with a bankruptcy settlement that protects its Sackler family owners from lawsuits, despite a potential U.S. Supreme Court appeal in the case, a U.S. court ruled on Tuesday.

newspaper

25-07-2023

UPS, union avert strike with planned 5-year deal, more pay

UPS and its Teamsters union have signed a tentative contract deal for about 340,000 U.S. workers at the parcel delivery firm, one week ahead of a threatened strike that could have cost the economy billions and disrupted a quarter of the nation's package shipments.

newspaper

25-07-2023