The pharma giant Eli Lilly raised its earnings outlook for 2022 compared to estimates by Wall Street, as the company cited business growth because of approvals for new medicines which it expects to offset the impact of competition and pricing pressures on its other major therapies.   This...

On Monday, Apple Inc's market valuation was just short of $3 trillion as the stocks of the iPhone maker continued its spectacular run over the previous decade. The company has been classified already as the most valuable firm of the world.   On Monday, the share prices of the company dropped...

Fresh cuts on production and output for December has been imposed by the Spanish unit of German auto company Volkswagen – SEAT, at the company’s primary car assembly plant close to Barcelona. The company has decided to shut down the factory for five days. The closure decision was taken in lieu of...

After a slump in the stock price of Moderna Inc on Friday following initial test results of the company for its flu vaccine candidate, executives of the company urged its investors to not sell off stocks and wait for the company to publish more data.   On Thursday, the company released...

Just over a year after surpassing the $2 trillion barrier, Apple Inc is on the verge of hitting a $3 trillion market value, which would make as large as the fifth largest economy of the world - after Germany and ahead of the total economy of India.   Apple's stock was up 1.6 per cent at $174...

British American Tobacco said that 2021 will be a "pivotal year," as it reaffirmed its full-year profit and sales expectations, supported by strong demand for its "new categories" products.   Its shares, which have fallen 3 per cent this year, climbed 1.75 per cent to 2,671 pence in morning...

Stocks of pharma company Moderna Inc fell 11 per cent after preliminary results suggested that the firm's mRNA-based flu vaccine could not be robust enough to provide it a competitive advantage over currently licenced flu vaccines on the market, particularly for elderly persons.  ...

Rating agency Fitch reduced ratings for developers China Evergrande Group and Kaisa Group to "limited default" owing to non-payment of offshore bond dues, while a source claimed Kaisa had begun work on restructuring its $12 billion offshore debt.   Even though Evergrande and Kaisa have...

According to a claim made in ‘The Information’, Apple CEO Tim Cook had "secretly" inked a $275 billion pact with Chinese officials which was reportedly aimed at Apple assisting China in improving its economy and technical skills.   The Information disclosed in a detailed paywall article...

Auto major Stellantis is targeting to achieve a revenue target of 20 billion euros ($22.54 billion) by 2030 goods and subscriptions associated with its software in its aim to rival Tesla, the company said as it unveiled its software plan earlier this week.   According to CEO Carlos Tavares,...

Ford Motor Co intends to become the second biggest electric car maker of the world within the next two years, the American auto giant said.   A top official of the company said that this is aimed to be achieved using a manufacturing capacity of more than 600,000 electric vehicles at its...