Abbott Laboratories on Wednesday forecast 2024 profit below Wall Street estimates despite meeting quarterly earnings expectations as weakness in its pharmaceuticals business offset strong demand for medical devices.
The potential for a build-up of tin supplies this year is likely to put pressure on prices, but accelerating demand from the energy transition sector, including solar panels and electric vehicles, should support prices in the future.
The aviation industry will press regulators this week for urgent action to help tackle GPS “spoofing” amid a surge in such activity, which can send commercial airliners off-course, due to conflicts in Ukraine and the Middle East.
Cleveland-Cliffs Inc sought to convince U.S. Steel Corp last month that its cash-and-stock acquisition offer was worth $1.4 billion more than an all-cash winning bid from Nippon Steel Corp , a regulatory filing showed on Wednesday.
Ford Motor Co is recalling 1.88 million units of certain 2011-2019 Explorer vehicles as A-pillar trim retention clips may not be properly engaged, allowing the trim to detach, said the National Highway Traffic Safety Administration (NHTSA) on Wednesday.
General Dynamics beat Wall Street expectations for fourth-quarter revenue on Wednesday, as a tense global political climate sustained demand for its military equipment even as supply-chain pressures drove up costs.