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SLB beats quarterly profit estimates on strong North America activity
Reuters· 2026-01-23 11:57
Core Insights - SLB exceeded Wall Street profit estimates for the fourth quarter, driven by consistent demand for its oilfield equipment and services in North America [1] Company Performance - SLB reported a strong performance in the fourth quarter, indicating robust operational efficiency and market positioning [1] Industry Demand - The demand for oilfield equipment and services in North America remains steady, contributing positively to SLB's financial results [1]
Abbott faces India scrutiny in cough syrup abuse investigation, documents show
Reuters· 2026-01-23 11:43
Core Viewpoint - Abbott Healthcare, an Indian drugmaker, is under investigation for the alleged misuse of its codeine-based cough syrup, which is known to be prone to abuse by addicts [1] Group 1: Company Overview - Abbott Healthcare's supply chain is currently being scrutinized as part of a broader investigation [1] Group 2: Industry Context - The investigation highlights concerns regarding the potential abuse of codeine-based medications within the pharmaceutical industry [1]
Morning Bid: How Green is my rally?
Reuters· 2026-01-23 11:42
Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. ...
Exclusive: Citigroup to lay off more employees in March, sources say
Reuters· 2026-01-23 11:33
Group 1 - Citigroup is expected to implement further layoffs in March following approximately 1,000 job cuts this month [1]
Swiss gold firm MKS PAMP to finalise US expansion plans this year, CEO says
Reuters· 2026-01-23 11:21
Core Viewpoint - Swiss-based MKS PAMP anticipates plans to enhance U.S. gold refining capacity in response to increasing demand, which is expected to drive gold prices to new record highs [1] Company Summary - CEO James Emmett of MKS PAMP indicated that the company is looking to firm up plans for expanding its gold refining operations in the U.S. this year [1]
UK investigates Meta's compliance with WhatsApp data requests
Reuters· 2026-01-23 11:16
Group 1 - The British regulator Ofcom has initiated an investigation into Meta Platforms regarding the information provided about WhatsApp for one of its market reviews [1]
Lenovo looking to partner with multiple AI models, CFO says
Reuters· 2026-01-23 11:09
Group 1 - Lenovo is pursuing partnerships with multiple large language models globally to enhance its devices and establish itself as a significant player in the AI sector [1]
US Commerce-assisted foreign contracts jump to $244 billion in 2025 on Boeing order gains
Reuters· 2026-01-23 11:02
Core Insights - U.S. companies signed foreign government procurement contracts worth $244 billion in 2025, nearly tripling the total from 2024 [1] - The significant increase in contracts is attributed to assistance from the U.S. Commerce Department, highlighting the government's role in facilitating international business [1] - Boeing played a major role in this surge, indicating its strong position in the global market [1]
India says state-run BPCL to sign oil deal with Brazil's Petrobras
Reuters· 2026-01-23 10:46
Indian state refiner Bharat Petroleum Corp will sign a deal with Brazil's national oil company Petrobras to buy 12 million barrels of Brazilian oil valued at $780 million at the India Energy Week conf... ...