Business News

Business

RTX Corp. Reports 5% Sales Growth to $20.3B in Q1 Amidst Dynamic Market Challenges

RTX Corp. announced a 5% increase in Q1 revenue to $20.3 billion, despite a 10% drop in net income. Segment performances varied, with Collins Aerospace and Pratt & Whitney seeing g...

Business

Lockheed Martin Surges Ahead: Q1 2025 Net Sales Climb 4.7% to $18 Billion Amidst Global Demand

Lockheed Martin Corporation reports a 4.7% increase in Q1 2025 net sales to $18 billion, with net earnings and EPS also seeing significant growth. CEO Jim Taiclet expresses confide...

Business

Regeneron and Fujifilm Forge $3 Billion Partnership to Expand US Biologic Medicine Production

Regeneron Pharmaceuticals Inc. partners with Fujifilm Diosynth Biotechnologies in a $3 billion deal to enhance US production of biologic medicines, with total investments in produc...

Business

Boeing Strikes a Massive $10.5 Billion Deal with Thoma Bravo for Digital Aviation Solutions

Boeing announces a $10.55 billion deal with Thoma Bravo for the sale of its Digital Aviation Solutions, retaining core digital capabilities to continue offering advanced maintenanc...

Business

Chevron CEO Optimistic: US Economy Shows No Immediate Signs of Recession Despite Tariff Uncertainties

Chevron CEO Michael Wirth shares an optimistic view on the US economy, dismissing immediate recession fears despite tariff-induced uncertainties. The IMF's revised growth forecast ...

Business

Elliott Investment Pushes BP for a 40% Free Cash Flow Boost Through Strategic Spending Cuts

Elliott Investment Management is pressuring BP to enhance its free cash flow by 40% via spending cuts, criticizing the current strategy as insufficient and proposing an alternative...

Business

EU Set to Impose Hefty Fines on Meta and Apple Over Digital Markets Act Violations on April 23

The European Commission is set to impose its first DMA penalties on Apple and Meta for alleged violations, including restrictive app store policies and mandatory data sharing. Fine...

Business

British Steel Reverses Decision: 2,700 Jobs Saved as Furnaces Stay Operational

British Steel Ltd. reverses its decision to close two blast furnaces in Scunthorpe, saving 2,700 jobs, following UK government intervention. The company has secured raw materials f...