By Gianluca Lo Nostro and Tim Hepher (Reuters) - Airbus flagged short-term production pressures and confirmed a delay to its A350 freighter as it predicted a 7% increase in deliveries to around 820 jets this year, while continuing to clean up troubled space and defence projects. Europe's largest aerospace group took a fresh charge of 300 million euros ($312.84 million) for its troubled Space busi ...
PARIS(Reuters) - French automaker Renault (EPA:RENA) reported a record operating profit for 2024 on Thursday, beating expectations, as lower costs and a string of new launches boosted margins. The company, one of the few in the sector to have maintained its targets last year, reported operating profit of 4.3 billion euros ($4.49 billion), up 3.5% on the previous year, and above a company-compil ...
By Dietrich Knauth NEW YORK (Reuters) - Johnson & Johnson (NYSE:JNJ) faces a critical test on Tuesday over its $10 billion proposal to end litigation alleging that its baby powder caused ovarian cancer, as it tries to convince a judge to sign off on its third attempt to resolve thousands of lawsuits through a subsidiary's bankruptcy. U.S. Bankruptcy Judge Christopher Lopez in Houston will dec ...
Investing.com -- Morgan Stanley (NYSE:MS) in a note dated Tuesday has upgraded Glencore (LON:GLEN) to an "overweight" rating, citing exaggerated market concerns over coal prices and marketing profits, and flagging the stock’s discount to its sum-of-the-parts valuation. The brokerage also named Glencore its new ‘top pick,’ arguing that the risk-reward profile is compelling and that the ...