Philips Profit Misses Forecasts

Philips said its fourth-quarter net profit came in at EUR603 million, slightly below estimates, but the company reiterated its guidance for the year ahead.

 
Siemens Energy Back in Profit

Siemens Energy posted an above-forecast core profit of EUR243 million in the first-quarter, helped by lower costs, and backed its outlook for 2021.

 
AstraZeneca's Vaccine Shortfall Threatens EU Plans to Boost Inoculations

The drugmaker expects to deliver tens of millions fewer Covid-19 vaccine doses than planned to the EU in coming months, threatening the continent's efforts to increase vaccinations and delivering a fresh reputational blow to the company.

 
China's Love of TikTok-Style Apps Powers $5 Billion IPO

Kuaishou Technology has its eyes on the world's biggest initial public offering in more than a year, seeking to raise about $5 billion from a Hong Kong share sale.

 
NCR Is Nearing a Deal to Buy ATM Operator Cardtronics

NCR is finalizing a takeover that would value Cardtronics at $39 a share, or around $1.7 billion, outbidding a pair of investment firms that had earlier agreed to buy the ATM operator.

 
Big Tech Tops Lobbying Spending

Facebook and Amazon boosted their federal lobbying expenditures last year as Big Tech braced for a new administration in the White House and new scrutiny of their business practices.

 
China Evergrande New Energy Vehicle Surges on Share Placement Plans

Shares of China Evergrande New Energy Vehicle Group Ltd. surged after the company said it has lined up investors for a US$3.35 billion share placement

 
Cryptocurrency Startup's Future Hinges on SEC Case

Ripple, the San Francisco company headed by Brad Garlinghouse, says its signature product, known as XRP, is a currency that shouldn't be subject to securities laws.

 
Tech Giants Apple, Microsoft and Tesla Headline Busy Earnings Week

Tech giants Microsoft, Apple and Tesla will be among the companies headlining a busy earnings week, shedding more light on how businesses performed at the end of 2020 as Covid-19 cases rose.

 
Samsung Eyes Investing Up to $17 Billion in New U.S. Chip Plant

The South Korean electronics giant is scouting locations in Texas, Arizona and New York for a semiconductor plant.

(END) Dow Jones Newswires

January 25, 2021 03:15 ET (08:15 GMT)

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