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(Reuters) -Shares of Hipgnosis Songs Fund climbed on Thursday after Apollo-backed Concord outbid a proposal by private equity giant Blackstone, launching a bidding war for the owner of music rights of artists, including Shakira and Blondie. Concord, a Nashville-based independent music company, sweetened its bid late on Wednesday for Hipgnosis to $1.25 per share, or …

Hipgnosis’ bidding war intensifies as Concord hikes offer for Shakira music owner Read More »

MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit posted a 14.4% year-on-year rise in its first-quarter net profit on Wednesday, fueled by strong same-store sales growth across its markets. Walmart de Mexico, the country’s largest retailer, posted a net profit of 13.18 billion pesos ($797.5 million), above the average forecast of 12.93 billion pesos …

Walmex posts 14% Q1 net profit jump on strong sales Read More »

By Arsheeya Bajwa (Reuters) -International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into an AI-powered boom in demand. Software has been a bright spot for IBM as its consulting business grapples with more cautious spending by enterprises navigating …

IBM to buy HashiCorp in $6.4 billion deal to expand in cloud Read More »

By Chibuike Oguh NEW YORK (Reuters) -Benchmark S&P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants. An auction of a record $70 billion worth of five-year U.S. Treasury notes on Wednesday helped to push bond yields higher and had …

S&P 500 ends higher as markets weigh rising yields, upbeat corporate results Read More »

(Reuters) -The Federal Deposit Insurance Corp (FDIC) is in talks with potential buyers for Republic First Bancorp, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The lender struck a deal with an investor group that included veteran businessman George Norcross, high-profile attorney Philip Norcross late last year, but the deal was …

FDIC is approaching potential buyers of Republic First, Bloomberg News reports Read More »

(Reuters) – Southwest Airlines’ flight attendants on Wednesday voted in favor of a new contract with an immediate 22% pay raise, the union representing the employees and the carrier said on Wednesday. Nearly 20,000 flight attendants at the airline voted in favor of a new collective bargaining agreement, the Transport Workers Union’s local chapter 556 …

Southwest Airlines flight attendants ratify new contract Read More »

(Reuters) – U.S. Justice Department officials are planning to decide as soon as late May whether Boeing violated an agreement that shielded the planemaker from criminal prosecution over fatal crashes in 2018 and 2019, people familiar with the matter said. Justice Department officials revealed the timeline during a meeting on Wednesday with families of the …

US to decide by late May whether Boeing violated prosecution deal, sources say Read More »

(Reuters) -Home appliance maker Whirlpool Corp is cutting 1,000 salaried jobs globally, the Wall Street Journal reported on Wednesday. The company aims to trim up to $400 million in costs this year, the report said, citing Chief Financial Officer Jim Peters. Whirlpool did not immediately respond to a Reuters request for comment on the report. …

Whirlpool to cut 1,000 jobs globally, WSJ reports Read More »

By Granth Vanaik (Reuters) -Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, betting on resilient demand for its burritos and rice bowls despite higher menu prices. Shares of the California-based company were up 3% in extended trading. Its shares breached the $3,000 mark for the first time after the company approved a 50-for-1 …

Chipotle lifts full-year sales forecast on resilient burrito demand Read More »

By David Shepardson ARLINGTON, Virginia (Reuters) -The U.S. Transportation Department finalized new rules Wednesday requiring upfront disclosure of airline fees and mandates quick cash refunds for canceled flights, as well as for delayed baggage or inoperative services like onboard Wi-Fi. The rules, which were nearly three years in the works, will require airlines and ticket …

US mandates new airline refund rules, fee disclosures Read More »