Reuters US Business

By Dawn Chmielewski (Reuters) – Walt Disney Co Chief Executive Bob Iger said on Monday one of his top priorities is to make the company’s streaming business profitable. Iger is responsible for Disney’s all-in embrace of streaming, and the launch of its marquee service, Disney+, but he acknowledged the measurement of success has changed. Wall …

Disney CEO Bob Iger calls the drive to make streaming profitable a priority Read More »

By Emma-Victoria Farr FRANKFURT (Reuters) – U.S. buyout firm Carlyle Group has raised more than three billion euros ($3.12 billion) for a pan-European technology fund that is taking advantage of “pockets of life” in the economy, the co-heads of Carlyle Europe Technology Partners told Reuters. Focused on lower mid-market and growth technology companies across Europe, …

Carlyle raises more than $3 billion to invest in European tech Read More »

By Mike Stone WASHINGTON (Reuters) – The Pentagon is considering a Boeing proposal to supply Ukraine with cheap, small precision bombs fitted onto abundantly available rockets, allowing Kyiv to strike far behind Russian lines as the West struggles to meet demand for more arms. U.S. and allied military inventories are shrinking, and Ukraine faces an …

Exclusive: U.S. weighs sending 100-mile strike weapon to Ukraine – sources Read More »

By Byron Kaye and Lewis Jackson SYDNEY (Reuters) – When Melbourne barista Melinda Elliott had to cut back on casual work shifts this year, she asked her buy-now, pay-later (BNPL) provider, Afterpay, to lower her credit limit. She did not want debt she could not afford to repay. The Australian company, owned by Twitter founder …

Analysis-Australian buy-now, pay-later sector faces fresh hurdle: regulation Read More »

By Niket Nishant and Divya Rajagopal (Reuters) – Top Canadian banks are expected to post a decline in fourth-quarter profits as choppy markets hurt wealth management and a slow deal pipeline dents income from investment banking, offsetting expected gains from business loans. The earnings reports, beginning Tuesday, cap off a tumultuous year that saw inflation …

Canadian banks count on loan growth as stormy markets dent profits Read More »

(Reuters) -U.S. shoppers spent a record $9.12 billion online this Black Friday, a report showed on Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3% on Black Friday, Adobe Inc’s data and insights arm Adobe Analytics said, thanks to consumers holding …

U.S. Black Friday online sales hit record $9 billion despite high inflation- Adobe Analytics Read More »

(Reuters) -T. Rowe Price, a major shareholder in News Corp, said it had strong reservations about Rupert Murdoch’s plan to reunite News Corp and Fox Corp, The New York Times reported on Friday, joining other investors in dissent over the plan. T. Rowe Price told the newspaper that a merger of the two companies would …

News Corp shareholder T Rowe Price raises concerns over Fox merger – NYT Read More »