Business
TSMC Beats Q3 Estimates on Back of AI Chip Demand
Taiwan Semiconductor Manufacturing Co. (TSMC), a global leader in semiconductor manufacturing, demonstrated remarkable resilience in the third quarter (Q3), as demand for artificial intelligence (AI)...
Philips Sleep Apnea Devices Face FDA Testing Demand
In a significant development, Royal Philips NV, a prominent Dutch medical equipment manufacturer, has encountered a fresh setback as the US Food and Drug Administration...
Tesla Slashes Model 3 and Model Y Prices to Boost Demand
In a strategic move following disappointing third-quarter delivery figures, Tesla has announced substantial price reductions on its popular Model 3 sedan and Model Y SUVs....
GlaxoSmithKline Raises £886 Million from Haleon Plc Share Sale
British pharmaceutical giant GlaxoSmithKline Plc (GSK) has successfully garnered £886 million ($1.1 billion) from its latest share sale in Haleon Plc, the consumer-health entity it...
Max Service Introduces ‘Bleacher Report’ Sports Tier
In a bid to bolster its presence in the fiercely competitive streaming landscape, Warner Bros. Discovery (WBD) announced the launch of a dynamic sports tier,...
NBIM Emerges as Key Player in American IPOs
Norway’s Norges Bank Investment Management (NBIM), a colossal $1.4 trillion sovereign wealth fund, has emerged as a pivotal force driving a paradigm shift in the...
Clorox Grapples with First-Quarter Loss Following Cyberattack
Clorox, the prominent U.S. cleaning product manufacturer, disclosed on Wednesday that it is likely to report a first-quarter financial loss as a result of a...
Alstom SA Considers Asset Sale Amid Financial Challenges
Alstom SA, a pioneer in sustainable mobility solutions, is actively considering an asset sale, as indicated by its Chief Financial Officer, Bernard Delpit. This revelation...
BlackBerry Divides: IoT and Cybersecurity Units for Growth
Canadian technology company BlackBerry disclosed on Wednesday its intention to segregate its business operations into two distinct units, namely Internet of Things (IoT) and cybersecurity....
Constellation Brands Upgrades Annual Profit Outlook
Constellation Brands, a leading producer of beers and spirits, announced an upward revision of its annual profit target on Thursday, citing robust demand and increased...
