(Reuters) – Alaska Airlines and Hawaiian Airlines entered into a timing agreement with the Department of Justice (DOJ) under which they agreed not to consummate their merger before 90 days post the date on which both parties have certified substantial compliance with a second request for antitrust-related information. (Reporting by Ananya Mariam Rajesh in Bengaluru)
(Reuters) – Ratings agency S&P lowered Paramount Global’s credit rating to ‘BB+’ from ‘BBB-‘ on Wednesday as stiff competition in the streaming landscape pressures the media giant’s free operating cash flow (FOCF) generation. S&P had placed Paramount on negative watch in February, pending the company’s fourth-quarter results. Later that month, Paramount’s revenue for the quarter …
S&P cuts Paramount Global’s credit rating to ‘BB+’ on streaming challenges Read More »
By Lananh Nguyen and Mehnaz Yasmin (Reuters) -Jefferies Financial’s first-quarter profit rose as its investment bankers benefited from improving activity and its asset managers almost quadrupled their revenue. Net earnings attributable to Jefferies’ common shareholders rose 12% compared with a year earlier to $149.6 million, or 66 cents per share, in the three months ended …
Jefferies Q1 profit climbs on investment banking, asset management revenue jump Read More »
By Dietrich Knauth NEW YORK (Reuters) -Johnson & Johnson will get a new chance to contest the scientific evidence linking talc to ovarian cancer, a federal judge ruled on Wednesday, potentially disrupting more than 53,000 lawsuits the company is now facing over its talc products. In a brief written order, U.S. District Judge Michael Shipp …
J&J can contest evidence linking its talc to cancer, US judge rules Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks were higher on Wednesday, with the Dow leading gains and the S&P 500 setting a closing record, paced drugmaker Merck, while investors looked towards the next piece of inflation data and Federal Reserve commentary for signals on the rate path. Merck & Co advanced 4.96% as the …
Stocks close with gains, led by Dow as investors look for rate insight Read More »
By Granth Vanaik and Doyinsola Oladipo (Reuters) -Cruise operator Carnival said on Wednesday it will probably not be sailing through the Red Sea region for the rest of this year and early next year given persistent hostilities across the key shipping route. Even though 2024 is expected to be a record year for cruise travel, …
Carnival probably will not sail through Red Sea in 2024 and early 2025, CFO says Read More »
By Jonathan Stempel NEW YORK (Reuters) -Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers through lower prices. The antitrust settlement announced on Tuesday is one of the largest in U.S. history, and if it receives …
Visa, Mastercard reach $30 billion settlement over credit card fees Read More »
SANTIAGO (Reuters) – Chile’s government on Tuesday opened up more than two dozen lithium salt flats to private investment, while reserving the prolific Atacama and Maricunga deposits for state majority control in lithium extraction. The long-anticipated announcement sheds light on how President Gabriel Boric’s government plans to carry out a policy announced last year to …
Chile opens lithium salt flats for investment, saves two for state control Read More »
(Reuters) – Shares in DS Smith opened 7.7% higher on Wednesday after the company said it is in talks with International Paper over an all-stock offer from its U.S.-listed rival. The offer values the British paper and packaging firm at $7.2 billion. (Reporting by Danilo Masoni; Editing by Amanda Cooper)
(Fixes typographical error in paragraph 3) (Reuters) -Elon Musk said on Tuesday artificial intelligence startup xAI’s chatbot, Grok, will be enabled for all premium subscribers of social media platform X, formerly Twitter. He announced it in a post on X, without revealing any more details. Previously, the chatbot was available only to Premium+ subscribers. As …
Musk’s xAI to enable chatbot Grok for all premium subscribers of X Read More »
