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By Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday bolstered a bid by Turkey’s state-owned lender Halkbank to avoid criminal charges in the United States for allegedly helping Iran evade American economic sanctions. The justices in a 7-2 decision threw out a lower court’s ruling that had allowed the prosecution to proceed. They ordered the Manhattan-based 2nd U.S. Circuit Court of Appeals to reconsider Halkbank’s effort to […]

By Leroy Leo and Khushi Mandowara (Reuters) -Abbott Laboratories said on Wednesday delayed non-urgent surgeries had resumed globally three years into the COVID-19 pandemic as hospital staff shortages eased and customers became regular with health check-ups, sending its shares up 5%. The much-awaited recovery in elective surgeries led the company to effectively raise forecast for its core business, even as COVID testing-related sales were seen falling sharply. Abbott is the […]

By Leroy Leo and Khushi Mandowara (Reuters) -Abbott Laboratories said on Wednesday delayed non-urgent surgeries had resumed globally three years into the COVID-19 pandemic as hospital staff shortages eased and customers became regular with health check-ups, sending its shares up 5%. The much-awaited recovery in elective surgeries led the company to effectively raise forecast for its core business, even as COVID testing-related sales were seen falling sharply. Abbott is the […]

By Leroy Leo and Khushi Mandowara (Reuters) -Abbott Laboratories reported quarterly profit above expectations on Wednesday, underpinned by sales of its diabetes care devices and an improved demand for other devices due to a resumption in non-urgent medical procedures. Shares of Abbott jumped nearly 3% to $107 in premarket trading. An improvement in staffing levels at hospitals across the United States, and the easing of pandemic restrictions fueled demand recovery […]

By Leroy Leo and Khushi Mandowara (Reuters) -Abbott Laboratories reported quarterly profit above expectations on Wednesday, underpinned by sales of its diabetes care devices and an improved demand for other devices due to a resumption in non-urgent medical procedures. Shares of Abbott jumped nearly 3% to $107 in premarket trading. An improvement in staffing levels at hospitals across the United States, and the easing of pandemic restrictions fueled demand recovery […]

-Bed Bath & Beyond Inc is talking with advisers and lenders ahead of a bankruptcy filing that could come in the next few weeks, Bloomberg Law reported on Wednesday, citing people with knowledge of the conversations. The company is also looking at financing options to help fund itself during bankruptcy, according to the report. Bed Bath did not immediately respond to a Reuters request for comment. Shares of the troubled […]

AMSTERDAM (Reuters) – China is seeking to acquire equipment and knowledge in the Dutch space sector, sometimes in circumvention of export restrictions, the Netherlands’ military intelligence agency said on Wednesday. The agency, known by its Dutch acronym MIVD, said in its 2022 annual report that its analysis “shows the Chinese satellite launch capacity will increase further in the coming years to 100 launches per year”. There have been “various Chinese […]

AMSTERDAM (Reuters) – China is seeking to acquire equipment and knowledge in the Dutch space sector, sometimes in circumvention of export restrictions, the Netherlands’ military intelligence agency said on Wednesday. The agency, known by its Dutch acronym MIVD, said in its 2022 annual report that its analysis “shows the Chinese satellite launch capacity will increase further in the coming years to 100 launches per year”. There have been “various Chinese […]

AMSTERDAM (Reuters) – China is seeking to acquire equipment and knowledge in the Dutch space sector, sometimes in circumvention of export restrictions, the Netherlands’ military intelligence agency said on Wednesday. The agency, known by its Dutch acronym MIVD, said in its 2022 annual report that its analysis “shows the Chinese satellite launch capacity will increase further in the coming years to 100 launches per year”. There have been “various Chinese […]