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MIsc. News

  • MIsc. News

    Peltz’s plan to fix Disney includes bundling ESPN+ with Netflix – Bloomberg News

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    (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, …

  • MIsc. News

    Co-founders of AllianceBernstein’s Autonomous research quit ahead of SocGen venture

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 …

  • MIsc. News

    Corning beats quarterly sales estimates, signals improving demand for fiber optics

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    (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 …

  • MIsc. News

    Investors yank over $100 billion from hedge funds in 2023 – Nasdaq eVestment

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 …

  • MIsc. News

    United exec says loss of skills may have contributed to Boeing problems

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 …

  • MIsc. News

    Boeing to withdraw MAX 7 exemption request as safety scrutiny intensifies

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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. …

  • MIsc. News

    Palestinians in Gaza see UNRWA funding cuts as ‘death sentence’

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Vertex non-opioid painkiller meets main goal in late-stage trials

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    JetBlue eyes deeper cuts as costs rise and revenues fall

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Industry pain abounds as electric car demand hits slowdown

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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, …

  • MIsc. News

    EU markets watchdog sounds warning on real estate funds

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Nippon Steel says Japan’s 3 megabanks plan $16 billion loan for U.S. Steel acquisition

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    TOKYO (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, …

  • MIsc. News

    Whirlpool says Red Sea crisis will start to impact its European business

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    (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 …

  • MIsc. News

    US consumer confidence rise to two-year high in January

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Supermicro scales new peak after revenue forecast raise re-ignites AI rally

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    (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 …

  • MIsc. News

    Carnival warns of hit to 2024 earnings after rerouting of Red Sea itineraries

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    (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 …

  • MIsc. News

    GM shares jump as CEO Barra promises shareholders more cash

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Consumer goods giants could see margin recovery halt as price hike benefits abate

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 …

  • MIsc. News

    Ukraine says Russia not handing over alleged POWs bodies from crashed plane

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    (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 …

  • MIsc. News

    Bolton says Trump ‘unfit’ to be President in new memoir intro

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    IMF says global ‘soft landing’ in sight, lifts 2024 growth outlook

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Euro zone economy lags global growth as Germany struggles

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Food distributor Sysco misses Q2 sales estimates on slowing demand

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    (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. …

  • MIsc. News

    Home prices kept rising in November – FHFA

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Siemens CEO to get second term after contract ends – Handelsblatt

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

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