Reuters US Business

By Kritika Lamba and Anuja Bharat Mistry (Reuters) -Netflix is teaming up with Mattel and Hasbro to turn its blockbuster animated film  “KPop Demon Hunters” into toys, deepening a consumer-goods push that could help diversify its revenue. The partnership, announced on Tuesday, will produce toys, collectibles, games and role-play products based on the film that …

From screen to shelf: Netflix taps Mattel, Hasbro for ‘KPop Demon Hunters’ toys Read More »

By Nora Eckert and Nathan Gomes (Reuters) -General Motors raised its profit outlook for the year citing relief on two fronts: less pressure from tariff costs and lighter losses on electric cars, as it unwinds massive bets it made on the technology. GM’s stock surged 15% on Tuesday, the biggest single-day jump for its shares …

General Motors lifts forecast as tariff outlook improves, shares surge 15% Read More »

By Harshita Mary Varghese, Jaspreet Singh and Dawn Chmielewski (Reuters) -Warner Bros Discovery’s board rejected a nearly $60 billion offer from Paramount Skydance on Tuesday, a source said, and the company announced it would explore its options for the sale of the company. Reuters exclusively reported that the company’s board rejected a mostly cash offer …

Warner Bros Discovery rejects Paramount offer, source says, company ponders sale options Read More »

By Alexander Marrow and Yadarisa Shabong LONDON (Reuters) -Consumer goods group Unilever is delaying the spin-off of its Magnum Ice Cream unit due to the U.S. government shutdown, it said on Tuesday, the latest example of global business disruption from the impasse that shows little sign of ending. Unilever, the maker of Dove soap and …

US government shutdown delays Unilever’s Magnum ice cream spin-off Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Ananym Capital would like to see energy and technolgy company Baker Hughes spin out its oil field services and equipment business, arguing such a step could help push up the stock price by at least 60%. “That’s our preferred path based on our analysis,” Ananym co-founder Charlie Penner said …

Ananym suggests Baker Hughes spin out its oil services equipment business Read More »

By Hannah Lang NEW YORK (Reuters) -The yen eased to a one-week low on Tuesday after hardline conservative Sanae Takaichi was elected as Japan’s prime minister, with traders betting her government could muddy the interest rate outlook and bring about a greater fiscal largesse. Takaichi, the first female PM and leader of Japan’s ruling Liberal …

Yen drops after Takaichi elected as Japan PM, dollar firms Read More »

NEW YORK (Reuters) -Shares of Beyond Meat leaped more than 80% in active trading on Tuesday after the U.S. plant-based meat maker announced plans to expand distribution into Walmart stores. Beyond Meat said some of its products, including its “Beyond Burger 6-pack” and “Beyond Chicken Pieces,” will be available in 2,000 Walmart stores nationwide. The company’s …

Beyond Meat shares soar on planned Walmart distribution Read More »