STMicro Revenue Forecast Misses As Auto Sales Slump
STMicroelectronics NV expects sales to carmakers will pick up at the end of the year, after a slump in demand from the sector hit the chipmaker’s revenue.
STMicroelectronics NV expects sales to carmakers will pick up at the end of the year, after a slump in demand from the sector hit the chipmaker’s revenue.
Merck & Co. raised its annual profit and revenue forecast as the blockbuster cancer drug Keytruda continued to dominate the treatment landscape.
General contractor Hely Duarte is considering laying off half his workers because New York City’s transit system is halting most capital projects as its legal battle with New Jersey over congestion pricing lingers on.
Warnings of extreme heat in Bangkok were issued for the sixth consecutive day, reflecting near-record temperatures across Thailand, where the heat-related death toll is approaching last year’s tally.
Slowing demand for electric vehicles, heightened trade tensions and questions about whether Western legacy automakers can interest Chinese consumers have been the talk of Beijing as executives from top global car marques descended on the capital for the Auto China show.
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