April 17 Reuters Eli Lilly and Co said on Monday it will invest an additional 1.6 billion at its two new manufacturing sites in Indiana, United States to support the manufacturing of its recently approved cancer drug, Jaypirca, among others. The company39;s total investment commitment in the facilities now stands at 3.7 billion, Eli Lilly said. […]

LONDON, April 18 Reuters HSBC has fundamentally failed to address key business model challenges, its biggest shareholder said on Tuesday, in an escalation of a spat between Europe39;s biggest bank and Chinese insurer Ping An. HSBC should separate its Asia business into a Hong Konglisted entity, top shareholder Ping An said in an update to proposals […]

April 18 Reuters Johnson Johnson beat quarterly earnings estimates and raised its 2023 profit forecast on Tuesday, powered by strong sales for key drugs such as Crohn39;s disease treatment Stelara and a recovery in demand at its medical devices unit. Shares of the Dow component, which kicked off firstquarter earnings for large U.S. drugmakers, rose 1 […]

April 18 Reuters Bank of America Corp39;s firstquarter profit beat analysts39; estimates as it collected hefty interest payments from customers, while its bond traders had their best quarter in a decade. Rival banking giants JPMorgan Chase and Co and Citigroup Inc also reaped windfalls from higher interest payments in the first quarter, while setting aside billions of dollars to prepare […]

April 18 Reuters U.S. weapons maker Lockheed Martin Corp39;s firstquarter results surpassed Wall Street targets on Tuesday despite parts and labor shortages, as simmering geopolitical tensions fueled demand from both U.S. and international customers. Shares of the company rose as much as 3.8 to hit a record high of 508.1 in early trading. Rising tensions in […]

April 17 Reuters Deposits at three financial institutions fell in the first quarter as the industry39;s biggest crisis in more than a decade prompted a flight of funds, with customers seeking better returns elsewhere. Deposits at custodian bank State Street Corp and regional bank MT Bank Corp fell 3 each, while those at Charles Schwab Corp shrank 11 […]