(Reuters) -The U.S. Securities and Exchanges Commission on Tuesday said it had charged BlackRock Advisors LLC with “failing to accurately describe investments in the entertainment industry” for which it has agreed to pay a $2.5 million penalty. From 2015 to 2019, one of BlackRock’s trusts made investments in Aviron Group LLC, a firm that developed …
BlackRock to pay $2.5 million fine to settle SEC disclosure charges Read More »
(Reuters) -Snap on Tuesday forecast quarterly revenue largely above estimates as efforts to revamp the ad targeting tools of its photo messaging app paid off and bolstered its results. Shares of Snap were, however, volatile in extended trading, declining nearly 3% after surging 14% immediately after the company reported its earnings. For the fourth quarter, …
Snap revenue view above estimates on boost from new ad targeting tools Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -General Electric on Tuesday warned the growth in LEAP engine deliveries next year would nearly halve as its suppliers struggle to keep pace with a booming demand. In an interview, CEO Larry Culp said the company is aiming for a 20% to 25% year-on-year increase in the engine deliveries …
GE halves LEAP engine delivery growth target for 2024 Read More »
(Reuters) – Visa’s fourth-quarter profit beat estimates on Tuesday as consumers undeterred by inflation and a cost-of-living crisis continued to swipe cards to travel and dine out, sending shares nearly 3% higher in extended trading. Spending by affluent consumers and a post-pandemic rebound in travel has so far provided a bulwark for U.S. card giants …
Visa’s profit beats estimates driven by strong travel demand Read More »
By Jorgelina do Rosario LONDON (Reuters) -Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy right now but other risks are also at play, World Bank President Ajay Banga said on Tuesday. “The U.S. 10-year Treasury (yield) just crossed 5% briefly yesterday, these are areas we haven’t seen. …
By Helen Reid, Linda Pasquini and Ozan Ergenay (Reuters) -Puma stood by its full-year profit outlook on Tuesday thanks to lower costs, reassuring investors and boosting its shares after the German sportswear brand reported a drop in quarterly earnings caused in part by a stronger euro. Shares in the company gained 4% in early trading. …
Puma sticks to full-year profit forecast despite Q3 earnings drop Read More »
SYDNEY (Reuters) – Australia’s top central banker on Tuesday warned there were risks inflation would prove more stubborn than expected and that interest rates might have to rise further to bring it to heel. Speaking at a global markets conference, Reserve Bank of Australia (RBA) Governor Michele Bullock said the bank’s policy board was also …
Australia central bank sees risks on inflation, will not hesitate on rates Read More »
(Reuters) -Virgin Australia said on Tuesday it was in talks with its ground staff for a new deal after a union alleged that the carrier was not honouring its payment commitments to ground and cabin crew. The carrier was expected to sign up to five commitments including an employee share scheme as well as investments …
Virgin Australia in talks with ground staff over payment dispute Read More »
By Marianna Parraga HOUSTON (Reuters) – The U.S. federal court officer overseeing an auction of shares in oil refiner Citgo Petroleum’s parent to pay Venezuela-linked creditors said on Monday he will not seek a stalking horse bid to set a minimum price for the shares. Potential bidders will be approached by the court, or they …
Delaware court will not seek a stalking horse bid in Citgo auction Read More »
(Reuters) – Cadence Design Systems forecast fourth-quarter revenue and adjusted profit below Wall Street estimates on Monday, as slower R&D spending by semiconductor firms navigating a tough economy weighs on the chip design software provider. Shares of the San Jose, California-based company fell about 4% in trading after the bell. A slower-than-expected chip industry recovery …
Cadence’s downbeat fourth-quarter forecast signals weakness in chip industry Read More »
