By Jody Godoy NEW YORK (Reuters) -U.S. President-elect Donald Trump tapped Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency, Trump said on social media on Tuesday. Ferguson, one of two Senate-confirmed Republican FTC commissioners appointed by President Joe Biden, will be “the most America First, and pro-innovation FTC Chair in …
(Reuters) -GE Vernova said on Tuesday that it had resumed installing turbines at two offshore wind farms that experienced equipment failures this year, but the company’s CEO said he was cautious about the outlook for the struggling sector. In a presentation to investors in New York, GE Vernova CEO Scott Strazik said the company was …
GE Vernova cautious about wind sector as gas business soars Read More »
By Lewis Krauskopf and Carmel Crimmins NEW YORK (Reuters) -BlackRock Inc, the world’s largest asset manager, is looking for opportunities to expand its technology capabilities including in the area of artificial intelligence, its chief operating officer said on Tuesday. “There’s always pockets of capabilities that you can improve upon,” said BlackRock COO Rob Goldstein, speaking …
BlackRock COO looking to improve tech, AI capabilities Read More »
By Sinéad Carew and Purvi Agarwal (Reuters) -Wall Street’s main indexes closed lower on Tuesday as technology sector losses offset gains in communications services while investors waited for key inflation reports that may influence the Federal Reserve’s next interest rate decisions. Among the S&P 500’s 11 major industry sectors, only three ended with gains a …
Wall St indexes fall with inflation data and rates in focus Read More »
By Anirban Sen and Leroy Leo (Reuters) -Walgreens Boots Alliance is in talks to sell itself to private equity firm Sycamore Partners, according to a person familiar with the matter, the latest attempt by the pharmacy chain operator to go private after a sharp slump in share value. Walgreens has been working with its advisers …
Walgreens in talks to be taken private by Sycamore Partners, source says Read More »
By Davide Barbuscia NEW YORK (Reuters) – Investors are expected to increase their allocations to stocks and bonds from cash after even “modest” Federal Reserve interest rate cuts, BlackRock’s chief financial officer said on Tuesday. Expectations earlier this year that the U.S. central bank would cut interest rates aggressively after hiking them to fight inflation …
BlackRock sees investor shift from cash after even ‘modest’ rate cuts Read More »
SEATTLE -Boeing delivered 13 commercial jets in November, less than a quarter of the 56 jetliners it handed over to customers 12 months earlier, the U.S. planemaker reported on Tuesday. Deliveries were down from 14 in October, when most of the company’s aircraft production was still shut down during a seven-week strike by 33,000 factory …
Boeing jet deliveries fall to 13 in November after strike ends Read More »
(Reuters) – S&P Global Ratings on Tuesday downgraded chipmaker Intel Corp’s credit rating to ‘BBB’ from ‘BBB+’, on slow business recovery and uncertainty following management changes. The chipmaking icon’s revenue for the first nine months of this year, which was roughly flat year-on-year at $38.84 billion, was below the ratings agency’s expectations, S&P Global said. …
S&P Global downgrades Intel’s credit rating on slow recovery, management changes Read More »
By Zaheer Kachwala (Reuters) -GameStop reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods. CEO Ryan Cohen told investors in June the company would operate with “a smaller network and more value-added” items as a part of its attempt to boost sales …
GameStop reports third-quarter profit on spending cuts Read More »
(Reuters) -Activist investor Anson Funds Management has taken a stake in Lionsgate Studios and is urging the company to consider a range of options, including a potential sale, Bloomberg News reported on Tuesday, citing Sagar Gupta, the firm’s head of activism. The development comes at a time when Lionsgate — which went public this year …
