McDonald's Sales Dented by Israel-Hamas Conflict

The burger giant's fourth-quarter earnings still exceeded expectations, as higher menu prices and promotions helped lift U.S. sales. 


 
Merck to Buy Elanco's Aqua Business for $1.3 Billion

Merck struck a deal to buy Elanco Animal Health's aqua business in a deal that expands the drugmaker's animal-health business. 


 
Tyson Foods' stock soars 5% after profit beat offsets fifth straight sales miss

The parent of food brands Tyson, Hillshire Farm, Jimmy Dean and Ball Park beat profit estimates for its fiscal first quarter, overshadowing a fifth straight sales miss. 


 
Caterpillar's stock surges toward a record after another big profit beat

Sales rose above forecasts due to higher pricing, strength in the energy and transportation business. 


 
Boeing Finds New Problem With 737 MAX Fuselages

Boeing says it will have to fix misdrilled holes on about 50 new 737 jets, likely delaying deliveries to airlines. 


 
Spain's Antitrust Body Launches Infringement Proceedings Against Rheinmetall

Spanish antitrust officials initiated infringement proceedings against Rheinmetall, saying the arms maker may have provided incomplete and misleading information as part of its acquisition of Spanish munitions manufacturer Expal Systems. 


 
Wegovy Maker to Boost Production Capacity With Multibillion-Dollar Deal

The controlling shareholder of Wegovy maker Novo Nordisk is buying Catalent in a deal that values the U.S. drug company at $16.5 billion, including debt. 


 
What a $200 Billion Blockbuster Drug Reveals About Big Pharma's Playbook

AbbVie's success in navigating Humira's decline holds lessons for pharmaceutical companies, investors and policymakers. 


 
Yandex Owner to Sever Ties to Russia With $5.2 Billion Sale

Russia's largest search engine will be sold to a group of local investors in the biggest corporate exit from the country since the war in Ukraine began. 


 
Google and Yahoo Are Cracking Down on Inbox Spam. Don't Expect Less Email Marketing.

Marketers hope new rules from Google and Yahoo will clear inboxes of what they see as real junk and stop people from reporting their advertising emails as spam.


(END) Dow Jones Newswires

02-05-24 0915ET