(Reuters) – Activist investor Nelson Peltz believes Walt Disney can achieve profitability in streaming by bundling its ESPN+ online service with a larger player interested in sports, such as Netflix, …
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Co-founders of AllianceBernstein’s Autonomous research quit ahead of SocGen venture
by Reutersby ReutersBy Tommy Wilkes and Mathieu Rosemain LONDON/PARIS (Reuters) -The three co-founders of AllianceBernstein’s Autonomous research unit have quit, ahead of the U.S. investment firm merging its equities business with French …
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Corning beats quarterly sales estimates, signals improving demand for fiber optics
by Reutersby Reuters(Reuters) -Specialty glass maker Corning beat Wall Street estimates for fourth-quarter adjusted sales on Tuesday and said it was seeing increasing demand for its optical fiber cables used in data …
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Investors yank over $100 billion from hedge funds in 2023 – Nasdaq eVestment
by Reutersby ReutersBy Nell Mackenzie LONDON (Reuters) -Investors withdrew over $100 billion from hedge funds last year in a second consecutive year of outflows of this scale, according to a Nasdaq eVestment …
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United exec says loss of skills may have contributed to Boeing problems
by Reutersby ReutersBy Tim Hepher DUBLIN (Reuters) – A senior United Airlines executive highlighted the widespread loss of experience in the aviation industry since the COVID-19 pandemic and said it may have …
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Boeing to withdraw MAX 7 exemption request as safety scrutiny intensifies
by Reutersby ReutersBy David Shepardson, Valerie Insinna and Tim Hepher WASHINGTON/DUBLIN (Reuters) – Boeing said on Monday it was withdrawing a request for a key safety exemption that could have allowed U.S. …
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By Fadi Shana and IbraheemAbu Mustafa RAFAH, Gaza Strip (Reuters) – Palestinian mother Mazouza Hassan stood aghast at the potential threats to the work of the U.N. agency that handles …
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By Sriparna Roy and Khushi Mandowara (Reuters) -Vertex Pharmaceuticals’ experimental drug reduced acute, post-surgical pain without the risk of addiction, a major milestone in the company’s decades-long efforts to bring …
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By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -JetBlue Airways said on Tuesday it was evaluating deeper cost cuts after the company forecast a fall in revenue and higher costs …
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By Nick Carey and Joseph White (Reuters) – While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, …
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By Huw Jones LONDON (Reuters) – The European Union’s 1.1 trillion euro ($1.19 trillion) real estate funds sector faces multiple risks related to leverage, valuations and liquidity, requiring “stepped up …
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Nippon Steel says Japan’s 3 megabanks plan $16 billion loan for U.S. Steel acquisition
by Reutersby ReutersTOKYO (Reuters) -Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group plan to lend Nippon Steel a combined $16 billion for its planned acquisition of U.S. Steel, …
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Whirlpool says Red Sea crisis will start to impact its European business
by Reutersby Reuters(Reuters) – Whirlpool Corp said on Tuesday its European business would start feeling the impact of the Red Sea crisis, as vessels sailing through one of the world’s most important …
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WASHINGTON (Reuters) – U.S. consumer confidence increased to a two-year high in January amid slowing inflation and expectations that the Federal Reserve would start cutting interest rates soon. The Conference …
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Supermicro scales new peak after revenue forecast raise re-ignites AI rally
by Reutersby Reuters(Reuters) -Super Micro Computer shares hit a fresh record high on Tuesday after the artificial intelligence server maker delivered blowout quarterly results and raised its full-year revenue forecast significantly ahead …
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Carnival warns of hit to 2024 earnings after rerouting of Red Sea itineraries
by Reutersby Reuters(Reuters) -Carnival said on Tuesday that its annual earnings would take a hit as the cruise operator reroutes its ships that were due to pass through the Red Sea, a …
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By Joseph White DETROIT (Reuters) -General Motors shares jumped Tuesday after the company gave investors an upbeat outlook for 2024 and signaled more capital will be returned to shareholders. “Consensus …
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Consumer goods giants could see margin recovery halt as price hike benefits abate
by Reutersby ReutersBy Ananya Mariam Rajesh (Reuters) – A strong margin recovery for consumer goods giants could face a setback as easing input costs after several quarters of biting inflation are offset …
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Ukraine says Russia not handing over alleged POWs bodies from crashed plane
by Reutersby Reuters(Reuters) – A Ukrainian military spy official said on Tuesday that Russia was showing no willingness to return the bodies of dozens of Ukrainian prisoners of war Moscow says died …
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By Arshad Mohammed and Steve Holland WASHINGTON (Reuters) -Former U.S. National Security Adviser John Bolton excoriated former President Donald Trump as an utterly self-interested man who would punish personal enemies …
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By Rachel Savage and Andrea Shalal JOHANNESBURG/WASHINGTON (Reuters) -The International Monetary Fund on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the United States …
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By Francesco Canepa and Jan Strupczewski FRANKFURT/BRUSSELS (Reuters) – The euro zone’s economy stagnated last year, underperforming the rest of the world as former powerhouse Germany struggled with an industrial …
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(Reuters) – Sysco missed Wall Street expectations for its second-quarter sales on Tuesday, as demand for custom meat cuts and high-quality seafood petered out in the face of still-high inflation. …
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By Amina Niasse NEW YORK (Reuters) – U.S. home prices rose in November at the swiftest annual rate in 11 months, indicating a recovery in the housing market may be …
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BERLIN (Reuters) – Siemens shareholder and employee representatives want to extend the contract of Chief Executive Roland Busch and offer him a second term in office, German business daily Handelsblatt …