By Dawn Chmielewski (Reuters) – Walt Disney Co has held exploratory discussions about selling its U.S. TV network ABC to regional TV station operator Nexstar Media Group Inc, people familiar with the matter said on Thursday. The discussions come after Disney CEO Bob Iger said in July that the company could sell some of its …
Disney holds preliminary talks with Nexstar on ABC sale -sources Read More »
By Jeff Mason WASHINGTON (Reuters) – Chief executives from a wide array of U.S. companies will meet White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said. The CEOs will include Alphabet’s Sundar Pichai, Walmart’s Doug McMillon, Pfizer’s Albert Bourla, HP’s Enrique Lores and …
CEOs from Alphabet, Walmart, Pfizer meet White House officials on refugees Read More »
(Reuters) -Homebuilder Lennar on Thursday reported third-quarter profit above Wall Street targets as historically low home inventories in the market supported demand for new constructions while easing supply-chain snags helped improve delivery times. Housing supply remains tight despite current mortgage rates hitting a two-decade high, as a majority of homeowners are locked into a fixed …
Lennar profit beats as tight home supply boosts construction demand Read More »
By Joseph White DETROIT (Reuters) – With just over 30 hours to go before a strike deadline he set, United Auto Workers President Shawn Fain on Wednesday rolled out the latest, unprecedented twist in his unorthodox campaign to win a historic contract for nearly 150,000 workers at the Detroit Three automakers. For the first time …
(Reuters) – Photoshop software maker Adobe forecast current-quarter profit above Wall Street estimates on Thursday, after beating revenue estimates for the third quarter on strong demand for its photo, video editing and document tools with generative AI integrations. The company has been investing in equipping its creative software with GenAI capabilities to increase its appeal …
Adobe forecasts fourth-quarter profit above estimates on AI strength Read More »
By David Shepardson WASHINGTON (Reuters) – The House of Representatives Transportation and Infrastructure Committee on Thursday said it will question U.S. Transportation Secretary Pete Buttigieg at a Sept. 20 oversight hearing. The committee said the hearing will cover the lack of a confirmed head of the Federal Aviation Administration, implementation of a 2021 $1 trillion …
US House panel to question Buttigieg at oversight hearing Read More »
(Corrects first name in paragraph 2) By David Shepardson and Joseph White (Reuters) – The United Auto Workers on Wednesday outlined plans for a series of strikes targeting individual U.S. auto plants in what would be its first-ever simultaneous strike against the Detroit Three automakers if agreements are not reached by late Thursday. “To win, …
UAW preparing to strike at Detroit Three automakers, rejects new offers Read More »
COPENHAGEN (Reuters) -Sweden’s Volvo will begin serial production of heavy battery electric trucks at its Ghent factory in Belgium, the truckmaker said in a statement on Thursday. The Ghent factory is the largest production site for Volvo trucks with a yearly capacity of around 45,000 trucks, the company said. It added the plant will be …
Volvo to start production of electric trucks at Ghent factory Read More »
By Stella Qiu SYDNEY (Reuters) – Australia’s employment surged in August while its participation rate hit a record high and the jobless rate held steady, in a sign that decade-high interest rates have yet to soften demand in the drum-tight labour market. While robust jobs figures on Thursday were mostly driven by part-time positions and …
Australian jobs surge as productivity debate heats up Read More »
By Juby Babu (Reuters) – Trucking firm Estes Express has submitted a revised stalking horse bid worth $1.525 billion in cash for bankrupt Yellow Corp’s shipment centers, according to a bankruptcy court filing on Wednesday. Yellow said Estes’ new bid is the best and superior to Old Dominion Freight Line Inc’s $1.5 billion August stalking …
