By Tom Hals WILMINGTON, Delaware (Reuters) – A former executive of the blank-check acquisition vehicle that plans to take Donald Trump’s social media company public sued to block the deal until he obtained a larger payout, according to a lawsuit docketed Thursday in Delaware. ARC Global Investments II, which is controlled by Patrick Orlando, said …
Architect of Trump’s social media deal sues to block transaction Read More »
WASHINGTON (Reuters) – Boeing Co has agreed to pay $51 million in a settlement with the U.S. State Department for unauthorized exports of technical data, including to China, the department said on Thursday. (Reporting by Eric Beech and Kanishka Singh)
(Reuters) – GSK agreed to confidentially settle another lawsuit in California that had alleged its discontinued heartburn drug Zantac caused cancer, the latest in a series of settlements made by the British drugmaker to end costly litigation. The case, which was set to begin trial on April 2, will be dismissed. GSK does not admit …
GSK settles another lawsuit on heartburn drug Zantac in California Read More »
LONDON (Reuters) -Anheuser-Busch InBev raised its annual dividend by 9% on Thursday, though analysts warned investors may be disappointed by the absence of a new share buyback and worse-than-expected U.S. sales. Investors in the world’s largest brewer are hungry for returns after years of focus on debt reduction as AB InBev tried to pay off …
Top brewer AB InBev hikes dividend, but no new share buyback Read More »
By Amanda Cooper LONDON (Reuters) -Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a surge of capital into new U.S. spot bitcoin exchange-traded products fuelled a rally that has reached 42% this month, on track for its largest monthly gain since December 2020. Bitcoin was last up 8% …
(Reuters) – Snowflake forecast first-quarter product revenue below Wall Street estimates on Wednesday, on expectation that customers would cut back on spending in an uncertain economy, sending its shares down about 22% in extended trading. The company forecast current-quarter product revenue in the range of $745 million to $750 million, below analysts’ average estimates of …
Snowflake forecasts weak first-quarter revenue, shares fall Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed slightly lower on Wednesday, a day ahead of a key inflation reading that could heavily influence expectations for the timing of an interest rate cut from the Federal Reserve. The personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, is expected to show …
(Reuters) – AMC Entertainment on Wednesday surpassed Wall Street estimates for quarterly revenue as concert films from pop stars Taylor Swift and Beyonce drew people to its theaters, cushioning the hit from a lack of Hollywood releases after strikes last year. The company posted revenue of $1.10 billion for the fourth quarter, compared with analysts’ …
Theater chain AMC beats quarterly revenue estimates Read More »
By Douglas Gillison (Reuters) – Wall Street’s top regulator is expected to vote soon to adopt far-reaching changes to the way thousands of U.S.-listed companies tell investors how climate change will affect their bottom line, a landmark rule for the U.S. Securities and Exchange Commission. The agency says such information is important for investors deciding …
Factbox-What is in the US SEC’s proposed rule on climate reporting? Read More »
(Reuters) -HP Inc missed Wall Street estimates for first-quarter revenue on Wednesday, marking a seventh straight quarter of decline, driven by sluggish demand in the personal computers (PC) market as customers delay system upgrades. Shares of the company were down 6.3% in extended trading. Enterprise customers are keeping a tight leash on their budgets and …
HP misses first-quarter revenue estimates on sluggish demand in PC market Read More »
