(Reuters) -Warner Bros Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish on Tuesday in New York City to discuss a possible merger, Axios reported, citing multiple sources. Warner Bros shares fell about 5% during trading hours on Wednesday, while Paramount shares fell about 2%. Zaslav has also spoken to Shari Redstone, who …
Warner Bros Discovery, Paramount Global in talks to merge – Axios Read More »
By Shivansh Tiwary (Reuters) -Shares of FedEx sank 12% on Wednesday following dismal results and an outlook that prompted a slew of price-target cuts from Wall Street analysts and contributed to a late-day broad market selloff. FedEx is seen as a bellwether for worldwide economic trade. Investors on Wednesday said specific problems at the global …
FedEx tumbles after sober results, broader market slips Read More »
(Reuters) – Lender Morgan Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from external investors, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The New York-based firm has held preliminary talks about injecting $1 billion to $2 billion of …
Morgan Stanley mulls private credit fund bet with balance sheet – Bloomberg News Read More »
(Reuters) – Memory chipmaker Micron Technology forecast quarterly revenue above market estimates on Wednesday as memory demand and pricing begins to recover after one of the most significant downturns in years. The company’s shares rose nearly 4% in extended trading. Analysts expect demand for flash storage and dynamic random access memory (DRAM) to continue to …
(Reuters) – General Motors said on Wednesday a fire at its Factory Zero Detroit-Hamtramck was likely caused by a forklift accidentally puncturing a container with battery materials, according to the automaker’s initial investigation. The fire, which broke out on Tuesday, halted production for the day at the plant, and General Motors said its investigation on …
Fire at Detroit-area EV plant likely caused by forklift hitting batteries – GM Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. new vehicles set a record high for fuel economy in 2022, with the biggest yearly improvement in nine years to an average of 26 miles per gallon (mpg) as electric vehicle sales jumped but the Detroit Three automakers continued to lag rivals. Vehicles were up 0.6 mpg over 2021 …
US vehicles set fuel economy record in 2022 as EV sales climb Read More »
By Vidya Ranganathan and Gaurav Dogra SINGAPORE (Reuters) – Heading into 2024, analysts say the U.S. recession they’d been forecasting for two years isn’t coming anymore. Everyone else, from companies to investors, is still bracing for a slowdown caused by tepid consumer demand. Dissonance between the habitually bullish investment bank analysts and the more circumspect …
Analysis-Global banks see no recession, US companies are more circumspect Read More »
By Huw Jones LONDON (Reuters) – Tackling hidden leverage across the multi-trillion dollar “shadow banking” sector is next year’s priority, global financial regulators said on Wednesday, but the challenge of accessing data could hamper the process. The G20’s Financial Stability Board (FSB) and IOSCO, a global grouping of securities markets regulators, on Wednesday issued tougher …
Global regulators make tackling non-bank leverage a priority for 2024 Read More »
SANTIAGO (Reuters) – LATAM Airlines has placed an order for five Boeing 787s, it said on Wednesday, adding more of the widebody aircraft meant for long-haul or larger capacity flights to its book. The carrier, in a joint statement with Boeing and engine maker GE, did not specify which model of the 787 it had …
LATAM adds 5 more Boeing 787 Dreamliners to order book Read More »
(Reuters) – Juul Labs said on Tuesday it was seeking U.S. authorization for its new menthol-flavored pods, which require user age verification, to be used with its e-cigarette device that is under review by regulators. Juul’s e-cigarettes were briefly banned in the U.S. in June 2022 after the U.S. Food and Drug Administration (FDA) concluded …
Juul seeks US authorization for its new age-restricted menthol pods Read More »
