Paramount shares slump as investments to beef up streaming spook investors
By Eva Mathews and Tiyashi Datta – Shares of ViacomCBS Inc, rebranded as Paramount Global, plunged 21% on Wednesday to their lowest in over a year, after the media company’s…
By Eva Mathews and Tiyashi Datta – Shares of ViacomCBS Inc, rebranded as Paramount Global, plunged 21% on Wednesday to their lowest in over a year, after the media company’s…
By Valentina Za MILAN -The chairman of Italy’s biggest insurer, Generali, plans to step down in April after 11 years in the job, saying that current tensions among investors were…
By Elizabeth Culliford – Meta Platforms Inc CEO Mark Zuckerberg said in a Facebook post on Wednesday that he had promoted policy chief Nick Clegg into a larger role to…
By Caroline Valetkevitch NEW YORK – The U.S. dollar index was down on Wednesday, hitting its lowest level since Friday after minutes from the last U.S. Federal Reserve meeting suggested…
By David Gaffen NEW YORK -Oil prices rose more than 1% on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine. Futures…
-Morgan Stanley’s role in the collapse of Archegos Capital Management deepened a probe by U.S. authorities into Wall Street’s lucrative market for block trades, Bloomberg News reported, citing people with…
By Svea Herbst-Bayliss BOSTON – Jana Partners has nominated four directors to the board of Zendesk, arguing the company must be rehabilitated after an unpopular attempt to buy Momentive Global,…
By Helen Coster NEW YORK -ViacomCBS Inc missed Wall Street profit forecasts on Tuesday as the company announced it will change its name to Paramount and unveiled a broad range…
By Hyunjoo Jin SAN FRANCISCO – Alphabet Inc’s self-driving technology unit Waymo and truck fleet operator C.H. Robinson Worldwide Inc said on Wednesday they would team up to test automated…
RABAT – Morocco will spend 10 billion dirhams ($ 1.07 bln) on a national plan to mitigate the impact of drought on farmers and the economy, the royal palace said…
Sports gambling during the 2022 Super Bowl surged to record highs as legal gambling became more accessible throughout 2021, The Wall Street Journal reported. GeoComply, a company that records gambling…
By Dominique Vidalon PARIS – Carrefour SA said on Wednesday it looked to 2022 with confidence after Europe’s largest food retailer delivered record free cash flow of 1.23 billion euros…
An Air Force veteran pulled her gun on a man attempting to force his way into her car while she sat in traffic in New Orleans on Friday, according to…
A woman who donated to the Freedom Convoy, a group of truckers and individuals protesting Canada’s vaccine mandates and COVID-19 restrictions, was forced to close her gelato store after her…
Indiana teachers are expecting a mass exodus from the education profession if the state passes a bill that will restrict Critical Race Theory-aligned curriculum, the Indy Star reported. House Bill…
Former U.S. olympic figure skater Adam Rippon said it was a “slap in the face” to clean athletes for Russian skater Kamila Valieva to be allowed to compete at the…
The Biden administration missed another deadline to hold quarterly onshore oil drilling lease sales after a federal court ruled it was legally required to do so. The Department of the…
Consumer spending surged in January amid soaring inflation, the Commerce Department announced Wednesday. Retail sales grew 3.8% in January, far exceeding the 2.1% Dow Jones estimate, the Commerce Department announced…
By Marcela Ayres BRASILIA -Brazil’s government is considering an income tax exemption for foreigners investing in domestic corporate bonds, hoping to lower financing costs for local firms at a time…
– Chinese businessman Guo Wengui, also known as Ho Wan Kwok, filed for individual bankruptcy protection in a U.S. bankruptcy court in Bridgeport, a court filing showed. Guo listed assets…
LINDEN, NJ – A 20-year-old man was arrested this morning after he was involved in a serious motor vehicle crash while operating a stolen motor vehicle. Just before 3:00 a.m…
PROVIDENCE, R.I. – A West Warwick man who arranged to sell thousands of counterfeit OxyContin pills containing fentanyl to an undercover member of the Rhode Island DEA Drug Task Force…
PHOENIX, Ariz. – Kae Leen Nopah, 35, of Parker, Arizona, was sentenced yesterday by U.S. District Judge Dominic W. Lanza to 33 months in prison, followed by three years of…
SACRAMENTO, Calif. — With the goal of promoting diversity within the legal profession, the Sacramento Region Diversity Career Fair is being launched to connect employers with diverse legal candidates for…
KANSAS CITY, KAN. – A federal grand jury in Kansas City returned an indictment charging a pharmacist with one count of tampering with a consumer product, one count of possession…