(Reuters) – Spotify and Warner Music Group, which owns labels behind artists such as Ed Sheeran and Dua Lipa, signed a new multi-year deal for recording and publishing music, the companies said on Thursday. Under the deal, Spotify will have a direct license from WMG’s music publishing arm Warner Chappell Music, which has a catalog …
Spotify, Warner Music Group sign new multi-year distribution deal Read More »
(Reuters) – Warner Music Group said on Thursday it has acquired a controlling stake in Tempo Music, helping it expand its intellectual property portfolio by gaining rights for songs by artists such as Bruno Mars, Adele and Wiz Khalifa. The deal values Tempo at around $450 million, sources familiar with the matter told Reuters. Shares …
Warner Music gains rights to Bruno Mars, Adele songs through Tempo deal Read More »
(Reuters) -Bausch + Lomb will not be taken private at this time, the contact lens maker said on Thursday, sending its U.S.-listed shares down 7% to $16.50 in premarket trading. The company had said in December it was exploring a potential sale and other options to help its Canadian parent Bausch Health to exit the …
Contact lens maker Bausch + Lomb rules out going private at this time Read More »
By Akash Sriram (Reuters) – Lyft said on Thursday it has tied up with Amazon and Alphabet-backed startup Anthropic to roll out artificial intelligence tools for the ride-hailing platform’s customer care operations. The company said it has been using Anthropic’s Claude AI model, through Amazon’s Bedrock generative AI platform, which has helped reduce the average …
Ride-hailing platform Lyft ties up with Anthropic for AI-powered customer care Read More »
(Reuters) – Military Shipbuilder Huntington Ingalls missed estimates for fourth-quarter revenue and profit on Thursday, hurt by lower performance at its Newport News shipbuilding facility, sending its shares down 11% in pre-market trading. The company, which faces issues related to supply chain and higher costs, expects its 2025 shipbuilding revenue to be in the range …
Huntington Ingalls reports fourth-quarter earnings below estimates, shares slide Read More »
By Stephen Nellis (Reuters) – Oracle on Thursday added another set of artificial intelligence (AI) tools to NetSuite, one of its corporate finance software offerings, including some that might make it faster for consumers to get a price quote on purchases like custom bicycles. Oracle has taken a different tack with AI than rivals such …
Oracle adds AI pricing features to financial software Read More »
(Reuters) – Hershey forecast annual profit below Wall Street estimates on Thursday as record cocoa prices weigh on the Kit Kat maker’s margins. Packaged food companies including Hershey have had to raise prices to combat high raw material costs, especially for cocoa, whose prices nearly tripled in 2024. Lower supply for a fourth consecutive season …
Hershey forecasts lower-than-expected 2025 profit on higher cocoa prices Read More »
(Reuters) – Connected fitness firm Peloton Interactive raised its core profit forecast for fiscal year 2025 on Thursday, on the back of cost cuts and push-in app-based subscription services, sending shares of the company up 10% in premarket trading. The maker of high-end stationary bikes and treadmills has been on a turnaround path, implementing job …
Peloton raises 2025 core profit forecast as cost cuts, subscription push pay off Read More »
(Reuters) -Consumer health company Kenvue forecast 2025 adjusted profit below Wall Street estimates on Thursday, hit by a stronger dollar and weak demand for its cough and cold products that include Tylenol and Benadryl. Shares of the New Jersey-based company fell nearly 2% to $20.34 in premarket trading. The stock is down about 20% since …
Kenvue sees 2025 profit below estimates as dollar strengthens Read More »
LONDON (Reuters) -Carlsberg on Thursday reported annual operating profit growth at the top of its guided range and forecast higher than anticipated growth for 2025, sending the Danish brewer’s shares 6% higher. Carlsberg, the world’s third largest brewer behind Anheuser-Busch InBev and Heineken, said organic operating profit grew 6% for the full year, versus a …
Carlsberg sees higher than expected 2025 growth, sending shares up Read More »
