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(Reuters) -Asset management giant BlackRock has emerged as the sole bidder in talks to acquire private credit firm HPS Investment Partners, Bloomberg News reported on Tuesday, citing people with knowledge of the discussions. The parties are seeking to reach an agreement by the end of this year, the report said, adding that HPS may pursue …

BlackRock in talks to buy private credit firm HPS, Bloomberg News reports Read More »

By Abigail Summerville (Reuters) – The Nasdaq scored a record closing high and the S&P 500 rose on Tuesday, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet’s results that came after the market close. Alphabet, one of the so-called “Magnificent Seven” megacap technology stocks, reported quarterly revenue …

Nasdaq hits record high as Alphabet earnings beat estimates Read More »

By Jaspreet Singh (Reuters) -Reddit on Tuesday reported its first quarterly profit and forecast fourth-quarter revenue above estimates, helped by its AI content licensing deals and strong digital advertising spending, sending its shares up 22% in extended trading. Reddit’s results, its third after going public in March, stoke confidence that more advertisers are turning to …

Reddit shares jump 22% as AI deals boost quarterly revenue forecast Read More »

By Arasu Kannagi Basil (Reuters) -Visa beat Wall Street expectations for fourth-quarter profit on Tuesday, as consumers set aside worries of a slowing economy and swiped their cards to splurge on travel and dining out, sending its shares up 2% in trading after the bell. U.S. consumer spending has remained largely resilient despite elevated interest …

Visa profit beats expectation on resilient consumer spending Read More »

(Reuters) -U.S. solar panel maker First Solar has notified several large rivals that it believes they are infringing on its patents on a leading solar technology, executives said on a conference call with analysts on Tuesday. First Solar said it has sent letters, through its attorneys, to Canadian Solar, JA Solar, Longi, Jinko Solar and …

First Solar says several large rivals are infringing on patents Read More »

By Zaheer Kachwala (Reuters) -Videogame publisher Electronic Arts raised its forecast for fiscal 2025 bookings on Tuesday, helped by strong performance of its sports titles amid a cautious spending environment. Shares of the company rose around 2% in extended trading. EA’s sports titles “Madden NFL” and “College Football” show strong engagement even as the industry …

EA raises annual bookings forecast as American football titles outperform Read More »

By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Tuesday approved Tupperware Brands’ proposal to sell its assets to its lenders, clearing the company to exit bankruptcy with most of its operations intact. U.S. Bankruptcy Judge Brendan Shannon approved the sale at a court hearing in Wilmington, Delaware, saying it was the …

Tupperware gets court approval for lender sale Read More »

(Reuters) -Bank of America said on Tuesday it is evaluating potential litigation over a U.S. consumer watchdog inquiry into the bank’s processing of funds through the Zelle payment app. The Consumer Financial Protection Bureau (CFPB) staff has initiated discussions with the bank to pursue a resolution of the inquiry or to file an enforcement action, …

Bank of America in talks with regulator to resolve Zelle probe, evaluates litigation Read More »

(Reuters) -Australia’s Lynas Rare Earths reported a nearly 6% decline in first-quarter revenue on Wednesday due to falling prices for strategic minerals and muted demand. Rare earth prices sustained at low levels during the quarter with a slight improvement in neodymium and praseodymium (NdPr) prices towards the end, the company said. The largest producer of …

Australia’s Lynas Rare Earths first-quarter revenue falls nearly 6% Read More »