Friday, 3 May 2024

Business

Business News Today: Get all the Latest Business News, Economy News, International Business News on the news24x7world.com. Read Business News …

Income falls at Ulster Bank

Ulster Bank has reported a profit of €34m in the three months to 30 September, this is a swing on the loss of €87m in the same period last year, according to results from its parent company Royal Bank of Scotland. Total income during the period was €161m, down from €169m in the corresponding time […]

North/South and East/West conundrum poses headaches for Brexit-weary firms

The UK has “a fantastic opportunity to do a free trade deal” with the European Union, Boris Johnson said last week, promising to get it done in just 14 months at what he says will be a “blister- ing pace”. That is, if he gets it through parliament, and if he can reconcile contradictions within […]

Aer Lingus paid out €225m dividend last year as profits rose

Aer Lingus paid a €225m dividend to its UK-based holding firm last year as profit levels at the Irish carrier continued to grow. The figure is higher than the €200m that was paid in 2017 – which was the first time the airline had paid a dividend since it was acquired by IAG in 2015 […]

J&J slashes third-quarter profit by $3 billion over proposed opioid deal

(Reuters) – Johnson & Johnson (JNJ.N) on Wednesday lowered its previously reported third-quarter profit by $3 billion to account for a proposed opioid settlement payment. A framework settlement, announced on Monday, was hammered out by some drugmakers and distributors and attorneys general in North Carolina, Pennsylvania, Tennessee and Texas. The proposed deal will need broad […]

EBay forecasts holiday-quarter revenue below estimates, shares fall 3%

(Reuters) – EBay Inc (EBAY.O) forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com (AMZN.O) and Walmart Inc (WMT.N) in the run-up to the crucial holiday shopping season. Shares of the company fell 2.73% to $38.13 in extended trading as the holiday quarter typically generates a […]

Google unveils quantum computer breakthrough; critics say wait a qubit

BERLIN/SAN FRANCISCO (Reuters) – Alphabet Inc’s Google said on Wednesday it had achieved a breakthrough in computing research by using a quantum computer to solve in minutes a complex problem that would take today’s most powerful supercomputer thousands of years to crack. Google researchers expect that quantum computers within a few years will fuel advancements […]

Wall Street treads water as chip stocks, Nike fall

NEW YORK (Reuters) – The benchmark S&P 500 was little changed on Wednesday as lackluster quarterly reports from Texas Instruments Inc (TXN.O) pushed down semiconductor stocks and the departure of Nike Inc’s (NKE.N) chief executive weighed on the company’s shares. Texas Instruments shares tumbled 7.6% after the chipmaker projected fourth-quarter revenue below estimates, citing weakened […]

Minister for Finance appoints Greene to board of Bank of Ireland

Michele Greene has been appointed to the board of Bank of Ireland, effective from December 5. Ms Greene was nominated to join the board by the Minister for Finance under the terms of the Relationship Framework between the Minister and the bank. A fellow of the Institute of Chartered Accountants Ireland, Ms Greene has over […]

Sterling steadies as EU considers Brexit request; stocks inch up

NEW YORK (Reuters) – World stock indexes edged up on Wednesday, with the S&P 500 boosted by gains in shares of Apple that offset Texas Instruments’ disappointing forecast, and the British pound steadied as European Union leaders consider London’s request for a Brexit delay. On Wall Street, chipmakers fell along with shares of Texas Instruments, […]