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Tuesday, 23 November 2021

Reuters Business: Dell's quarterly profit more than quadruples on strong PC demand

Dell's quarterly profit more than quadruples on strong PC demand

Laptop maker Dell Technologies Inc said on Tuesday profit surged more than four-fold in the third quarter, as demand for its personal computers and servers was boosted by businesses increasingly adopting hybrid work models.

GM to begin Hummer electric pickup deliveries in December

General Motors Co will begin deliveries of its GMC Hummer electric pickup truck in December, the brand's chief said on Tuesday.

Booking to buy Swedish travel agency Etraveli for $1.83 billion

Online travel agency Booking Holdings Inc on Tuesday said it would acquire Sweden-based Etraveli Group for about 1.63 billion euros ($1.83 billion), its second major deal this month.

Gap annual forecast disappoints as supply chain woes eat into holiday season

Gap Inc's full-year net sales and profit forecasts fell short of Wall Street expectations on Tuesday, after the company flagged a hit of up to $650 million in lost annual sales due to supply chain disruptions going into the crucial holiday season.

Tesla employees in Germany plan works council

Employees at Tesla's huge new factory near Berlin will elect a works council to represent their interests, a German trade union said on Tuesday.

Nordstrom profit misses estimates on supply-chain problems, shares tumble

Nordstrom Inc missed estimates for quarterly profit on Tuesday and signaled supply-related problems at its off-price stores heading into the holiday season, sending its shares down 18% in extended trading

Nasdaq ends lower for second day as Big Tech loses ground

The Nasdaq ended lower for a second straight session on Tuesday, while much of the rest of Wall Street was mixed, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names.

JPMorgan CEO Dimon jokes his bank will outlast China's Communist Party

JPMorgan Chase and Co's Chief Executive Officer Jamie Dimon joked that his bank would last longer than China's Communist Party while speaking in Boston Tuesday.

Shell halves Singapore refining capacity, to change chemical feedstock

Royal Dutch Shell has halved its crude processing capacity at its Singapore hub and reduced fuel exports, executives said on Tuesday, as the major transits from fossil fuels to cut emissions and meet global low-carbon energy needs.

Singapore targets 2 mln tonnes of carbon capture by 2030

Singapore is aiming to realise at least 2 million tonnes of carbon capture potential by 2030 as part of a broader effort to make its Jurong Island oil refinery hub more sustainable, its Economic Development Board said on Tuesday.

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