By Lawrence White LONDON (Reuters) -HSBC said on Thursday that Chairman Mark Tucker will retire by the end of this year, after nearly eight years in the role at Europe’s biggest bank presiding over its dramatic shrinking and navigating of Sino-U.S. tensions. Tucker, the bank’s first ever externally-recruited Chairman, will remain as a strategic adviser to CEO Georges Elhedery, the bank said, a ...
LONDON (Reuters) -Apple must pay a U.S. patent holder $502 million for the use of 4G patents in devices including iPhones and iPads, London’s Court of Appeal ruled on Thursday, in the latest stage of a long-running legal battle. Texas-based Optis Cellular Technology LLC sued Apple (NASDAQ:AAPL) in London in 2019 over its use of patents which Optis says are essential to certain technological stan ...
(Refiles to wider audience with no changes to headline or text) By Manas Mishra, Sneha S K (Reuters) -CVS Health raised its full-year profit forecast on Thursday and said it plans to exit the market for Obamacare health insurance plans in 2026, as it seeks to turn around its fortunes after a series of challenges last year. CVS shares jumped 5% to $69.84 after it raised its 2025 profit forecast to& ...
(Reuters) -Church & Dwight joined its peers with a dour forecast due to the impact of tariffs, and announced strategic actions, including shutting or selling less profitable businesses, sending its shares down 5% in premarket trading. The company expects a Q2 charge of $60–80 million, mainly from non-cash asset impairments and inventory charges tied to sell-through. WHY IT’S IMPORTANT? Ch ...