(Reuters) -News Corp beat estimates for first-quarter revenue and profit on Thursday, driven by growth in its digital real estate services, book publishing and Dow Jones segments. The company also said Susan Panuccio will depart from her role as finance chief and will be replaced by Lavanya Chandrashekar early next year. Chandrashekar, 52, has recently …
News Corp beats quarterly estimates, announces CFO change Read More »
By Doyinsola Oladipo and Aishwarya Jain (Reuters) -Vacation home rental company Airbnb narrowly beat estimates for third-quarter revenue on Thursday, although profit fell short as it spent heavily on marketing to boost its presence in international markets. Shares of the San Francisco-based company fell 4% in volatile after-hours trading as its revenue was also weighed …
Airbnb posts mixed quarterly results, shares fall Read More »
By Anuja Bharat Mistry (Reuters) -Versace-parent Capri Holdings posted a bigger-than-expected drop in quarterly revenue on Thursday, hurt by execution missteps across brands and a global slowdown in luxury goods demand, sending its shares down about 6% in extended trading. The results were in contrast to those of Coach-parent Tapestry, whose $8.5 billion deal to …
Capri posts bigger-than-expected drop in quarterly revenue on tepid demand Read More »
By David Shepardson (Reuters) -General Motors said on Thursday it will end production of the gas-powered Cadillac XT4 SUV in January as it shifts production at its Kansas plant to electric vehicles. The Detroit automaker is investing $390 million at its Fairfax, Kansas, assembly plant to build next-generation Chevrolet Bolt EVs. GM plans to end …
GM ending production of Cadillac XT4 SUV as it shifts to electric vehicles Read More »
By Andy Bruce, Suban Abdulla, David Milliken LONDON (Reuters) -The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual as it predicted the British government’s first budget would lead to higher inflation and economic growth. The Monetary Policy Committee voted …
Bank of England cuts rates but sees higher inflation after Reeves’s budget Read More »
By Noel Randewich (Reuters) – Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump’s return to the White House. The dominant AI chipmaker’s shares rose 2.2%, lifted …
Nvidia surpasses $3.6 trillion market value after Trump win Read More »
By Dawn Chmielewski and Harshita Mary Varghese (Reuters) – Warner Bros Discovery CEO David Zaslav anticipates a friendlier environment for deal-making under the incoming Trump administration, opening the door to industry consolidation, he said on Thursday. “That would provide real positive and accelerated impact on this industry that’s needed,” Zaslav told investors on a conference …
Warner Bros Discovery CEO sees more industry deals under Trump Read More »
(Reuters) – Australian telecom watchdog has fined Optus A$12 million ($7.99 million) for failing to provide emergency call services to thousands during a nationwide outage last year, the regulator said early on Friday. The Australian Communications and Media Authority (ACMA) said it found 2,145 customers could not access the emergency call service during the outage …
Aussie telecom regulator fines Optus $8 million over emergency services outage Read More »
By Giulia Segreti ROME (Reuters) -U.S. President-elect Donald Trump’s push for Europeans to spend more on defence is in line with the goal set by Italy’s Leonardo for more cross-border alliances in the sector, the aerospace and defence group’s chief executive said on Thursday. “The message is clear, (Trump) wants a stronger Europe participating more …
Italy’s Leonardo sees boost as Europe fortifies its defences Read More »
By Alban Kacher, Mathieu Rosemain and Tommy Reggiori Wilkes PARIS/LONDON (Reuters) -Euronext raised its revenue targets through to 2027 on Thursday and pledged to diversify its business further away from traditional stock trading, as it reported a slightly better than expected third-quarter profit. The pan-European stock exchange also announced a share buyback programme of up …
Euronext lifts revenue target in new three-year plan Read More »
