Business News

Business

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

RTX Corp. reports a 5% increase in Q1 revenue to $20.3 billion, with mixed segment performances and a 10% drop in net income. The company sets a positive 2025 outlook amidst dynami...

Business

Lockheed Martin Surges Ahead: Q1 Net Sales Climb 4.7% to a Staggering $18 Billion

Lockheed Martin reports a 4.7% increase in Q1 2025 net sales to $18 billion, with net earnings up 13.3% to $1.7 billion. CEO Jim Taiclet expresses confidence in meeting full-year f...

Business

Regeneron and Fujifilm Forge $3 Billion Alliance to Revolutionize US Biologic Medicine Production

Regeneron Pharmaceuticals Inc. announces a $3 billion partnership with Fujifilm Diosynth Biotechnologies to boost biologic medicine production in North Carolina, alongside a $7 bil...

Business

Boeing Strikes a Massive $10.5B Deal with Thoma Bravo, Focusing on Digital Aviation Solutions

Boeing announces a $10.55 billion deal with Thoma Bravo LP to sell portions of its Digital Aviation Solutions, retaining core digital capabilities for fleet maintenance and diagnos...

Business

Chevron CEO Michael Wirth Dispels Recession Fears Amid Economic Slowdown Signs

Chevron CEO Michael Wirth reassures that the U.S. is not near a recession despite signs of slowing growth and IMF's adjusted forecasts, emphasizing a long-term economic perspective...

Business

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

Elliott Investment Management urges BP to boost free cash flow by 40% via spending cuts, criticizing the current strategy as insufficient and proposing an alternative plan. Elliott...

Business

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

The European Commission is set to impose its first Digital Markets Act penalties on Apple and Meta for alleged competition restrictions and data sharing violations, with potential ...

Business

British Steel Reverses Decision on Furnace Closures and Job Cuts Amid Government Intervention

British Steel Ltd. has decided to keep two blast furnaces in Scunthorpe, UK, and halt plans to cut 2,700 jobs, following the UK government's emergency bill to protect the company. ...