S&P closes at more than two-month high on retail, energy lift

S&P closes at more than two-month high on retail, energy lift

Best Buy up, sees smaller annual sales drop Dollar Tree drops on lower FY profit forecast Manchester United surges on sale report Dow up 1.18%, S&P 500 up 1.36%, Nasdaq up 1.36% NEW YORK, Nov 22 (Reuters) – U.S. stocks rallied on Tuesday, with the S&P 500 closing at its highest level in 2-1/2 months, … Read more

J&J to buy heart pump maker Abiomed for $16.6 bln ahead of consumer health spinoff

J&J to buy heart pump maker Abiomed for .6 bln ahead of consumer health spinoff

Nov 1 (Reuters) – Johnson & Johnson (JNJ.N) said on Tuesday it struck a deal to buy heart pump maker Abiomed Inc (ABMD.O) for $16.6 billion in cash, as it looks to boost growth in its medical devices unit after next year’s planned spinoff of the consumer health business. J&J agreed to pay $380 per … Read more

Philips parts ways with CEO in midst of massive recall

Philips parts ways with CEO in midst of massive recall

Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health technology firm … Read more

Indexes drop after Walmart profit warning; Nasdaq down 2%

Indexes drop after Walmart profit warning; Nasdaq down 2%

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Walmart cuts profit forecast; news hits retailers McDonald’s up as sales, profit top estimates Coca-Cola up on forecast raise Indexes down: Dow 0.8%, S&P … Read more

Chinese jet aborts takeoff, catches fire, causing minor injuries from evacuation

Chinese jet aborts takeoff, catches fire, causing minor injuries from evacuation

Rescue workers are seen at the site where an Airbus A319 plane of Tibet Airlines caught fire after an aborted takeoff, at Chongqing Jiangbei International Airport in Chongqing, China May 12, 2022. cnsphoto via REUTERS Register now for FREE unlimited access to Reuters.com Register BEIJING, May 12 (Reuters) – China’s Tibet Airlines said all passengers … Read more

Inside China’s electric drive for replaceable car batteries

Inside China’s electric drive for replaceable car batteries

DETROIT / BEIJING, March 25 (Reuters) – A year ago, Tesla rejected the alternative route of replacing electric car batteries as “full of problems and not suitable for wide-scale use”. It seems that Beijing disagrees. In fact, China is pushing hard for replaceable batteries for electric vehicles (EVs) as a complement to ordinary vehicle charging, … Read more