By Ally Levine, Anurag Rao, Adolfo Arranz and Dea Bankova (Reuters) – As Walt Disney turns 100, investors worry it’s beginning to show its age. The share price dropped to its lowest level in nearly nine years as the company stumbles in the age of streaming. But adapting to the times is not a new …
After 100 years of innovating entertainment, Disney is at a crossroads Read More »
By David Shepardson and Joseph White (Reuters) -Chrysler parent Stellantis and the United Auto Workers were nearing a deal that could be finalized as soon a Saturday to end a six-week-old strike, sources told Reuters. On Wednesday, Ford Motor was the first of Detroit’s Big Three car manufacturers to negotiate an agreement to settle strikes …
By Shivansh Tiwary (Reuters) -Shares of Ford Motor Co closed down 12.3% on Friday, after the automaker reported a wider loss from its electric-vehicle (EV) business due to pressures from a price war, sparked by industry leader Tesla. The Detroit automaker also pulled its 2023 forecast, citing “uncertainty” over the pending ratification of its new …
Ford shares fall after pulling full-year forecast, wider losses in EV unit Read More »
By Zeba Siddiqui SAN FRANCISCO (Reuters) – Boeing Co said on Friday it was assessing a claim made by the Lockbit cybercrime gang that it had “a tremendous amount” of sensitive data stolen from the aerospace giant that it would dump online if Boeing didn’t pay ransom by Nov. 2. The hacking group posted a …
Boeing assessing Lockbit hacking gang threat of sensitive data leak Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed mostly lower on Friday, losing momentum as investors digested a hectic week of mixed earnings, and economic data that seemed to support the “higher for longer” interest rate scenario. The Nasdaq advanced, with tech and tech-adjacent momentum stocks led by Amazon.com, Apple and Meta Platforms …
Wall Street ends mixed at close of earnings-packed week Read More »
By Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley gave its incoming CEO Ted Pick and the two other executives considered for the top job one-time bonuses of $20 million each, the bank said in a filing on Friday. The performance-linked stock awards for Pick, Co-President Andy Saperstein and incoming Co-President Dan Simkowitz were based …
Morgan Stanley gives new CEO Ted Pick, 2 executives $20 million bonuses Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) -General Motors’ autonomous vehicle unit, Cruise, is facing multiple federal investigations over its cars’ safety, including two incidents where the robot cars appeared not to yield to pedestrians in crosswalks, according to a U.S. regulator’s letter released on Friday. Cruise autonomous cars “may not be exercising appropriate caution around …
US probes GM’s Cruise robocars over pedestrian close calls Read More »
(Reuters) -Johnson & Johnson disclosed on Friday that the U.S. Department of Justice (DOJ) in July had sought documents and information related to the drugmaker’s free and discounted eye surgery products in connection with a civil investigation. The company said it had begun complying with the DoJ’s civil investigative demands. J&J said it is in …
J&J says DoJ seeking information related to eye products in civil investigation Read More »
(Reuters) – T. Rowe Price Group reported a better-than-expected quarterly profit on Friday, as concerns about the economy somewhat eased from last year, boosting assets under management at the firm. The upbeat results at the investment manager reflect the strong rebound in markets this year, bolstered by expectations that the Federal Reserve can engineer a …
T. Rowe beats profit estimates on higher fee-based income Read More »
By Jonathan Stempel NEW YORK (Reuters) – Argentina urged a U.S. judge not to enforce a $16.1 billion judgment arising from the government’s 2012 seizure of a majority control in state-controlled oil company YPF, while the cash-strapped country appeals the judgment. In a Thursday night filing with the U.S. District Court in Manhattan, Argentina said …
Argentina urges US judge to put $16.1 billion YPF judgment on hold Read More »
