SAN FRANCISCO, April 20 Reuters Tesla Inc results surged past Wall Street expectations on Wednesday, as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs. The results also should trigger 23 billion in new payouts to CEO Elon Musk, already the world39;s richest man. Tesla has been an outlier since […]

April 21 Reuters Gap Inc slashed its forecast for quarterly sales on Thursday, blaming execution challenges at its Old Navy brand and macroeconomic dynamics, sending shares of the retailer down 12 in extended trading. Gap also said the head of its Old Navy brand, Nancy Green, was leaving the company this week and the company39;s Chief […]

April 21 Reuters Elon Musk on Thursday said he has lined up 46.5 billion in debt and equity financing to buy Twitter Inc and is considering taking his offer directly to shareholders, a filing with U.S. regulators showed. Musk himself has committed to put up 33.5 billion, which will include 21 billion of equity and 12.5 […]

Kaluga van plant in Russia employs 2,700 people Company will continue to pay salaries Plant39;s coowner Mitsubishi had already halted ops MILAN, April 19 Reuters Carmaker Stellantis on Tuesday said it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. The world39;s fourthlargest automaker, which produced and sold the […]

NAIROBI, April 20 Reuters Alphabet Inc39;s Google is investing in its first ever Africa product development centre in the Kenyan capital Nairobi, it said, as it positions itself to serve a growing base of internet users on the continent. By the end of this decade, the continent will host 800 million internet users, the Californiabased firm […]

Sales, income ahead of expectations Sees Q2 sales around 5.2 billion euros 2022 gross margins seen at about 52 rather than 53 Order book remains strong at 7 bln euros AMSTERDAM, April 20 Reuters ASML Holding NV, a key supplier to computer chip makers, reported on Wednesday firstquarter sales of 3.5 billion euros 3.8 billion […]

April 19 Reuters IBM expects to hit the top end of its revenue growth forecast for 2022, the company said on Tuesday, even as it flagged a 300 million knock to revenue from the suspension of its business in Russia. Servers from IBM, Dell Technologies Inc and Hewlett Packard Enterprise Co dominate the market in Russia. IBM suspended […]

Rio Q1 ironore shipment and production declines Need to lift operational performance, CEO says Flags risk of a resurgence of COVID19 lockdowns in China SYDNEYBENGALURU, April 20 Reuters Rio Tinto on Wednesday reported lowerthanexpected iron ore shipments in the first quarter and warned of risks from sustained high inflation, a resurgence of COVID19 lockdowns in China […]

April 19 Reuters British retailer WH Smith Plc said on Tuesday it has suspended orders from its online greetings card and gift business Funky Pigeon following a cybersecurity incident last week. WH Smith, which sells books, stationery, and other items at its stores in travel hubs, said no customer payment data with Funky Pigeon was compromised […]

April 19 Reuters Australian wealth manager AMP Ltd confirmed on Tuesday it was in talks with multiple parties, including real estate firm Dexus, for a potential sale of assets and businesses of its investment management unit Collimate Capital, formerly AMP Capital. The announcement comes after media reports indicated AMP was in discussions to sell Collimate in […]