Reuters US Business

AUSTIN, Texas (Reuters) – Liberty Media-owned Formula One and the Walt Disney Company announced an extension of their broadcast partnership on Saturday, keeping the sport on ESPN networks in the United States until 2025. The new three-year agreement includes expanded direct-to-consumer rights, with details yet to be announced, and more races than before shown on …

Motor racing-Formula One and Walt Disney extend ESPN deal until 2025 Read More »

MEXICO CITY (Reuters) – Mexico’s craft beer industry should grow by over 10% this year, the country’s brewing association ACERMEX said on Friday, even as it faces sky-rocketing costs and competition from European-owned heavyweights. “The effects of the pandemic, added to the war between Russia and Ukraine … have caused costs to skyrocket,” ACERMEX official …

Mexican craft beer to gain ground despite soaring costs, says trade group Read More »

By Ismail Shakil OTTAWA (Reuters) – Facebook warned on Friday that it may block sharing of news content on its platform in Canada over concerns about legislation that would compel digital platforms to pay news publishers. The Online News Act, introduced in April, laid out rules to force platforms like Meta’s Facebook and Alphabet’s Google …

Facebook threatens to block news content over Canada’s revenue-sharing bill Read More »

(Reuters) – The Teamsters union, representing more than 18,000 workers, said it had ratified on Friday a national contract with Costco Wholesale Corp. The first-ever national agreement provides members with significant wage improvements over the next three years and a substantial increase in pension contributions by Costco, the International Brotherhood of Teamsters said in a …

Teamsters union reaches national contract with Costco Read More »

By Nelson Banya (Reuters) – An independent evaluation has put Yamana Gold’s mineral assets at between $6 billion and $8 billion, in line with South Africa’s Gold Fields’ initial offer price for the Canadian miner, circulars issued late Friday showed. Gold Fields announced a deal to acquire Yamana in an all-share transaction that valued the …

Gold Fields acquisition target Yamana assets valued at $6-$8 billion – CIBC Read More »

By Valentine Hilaire MEXICO CITY (Reuters) -Mexico’s Grupo Financiero Banorte said on Friday it had pulled out of the bidding process for Citigroup’s local retail arm Banamex, leaving just a handful of potential buyers in the race. Banorte, which has previously been open about its interest in Banamex, declined to explain its withdrawal. Mexican President …

Mexico’s Banorte drops out of bidding for Citi’s Banamex retail arm Read More »

By Lewis Krauskopf NEW YORK (Reuters) – Earnings reports from the four biggest U.S. companies by market capitalization in the coming week may test a nascent rally that has seen stocks claw their way back from yet another low. Apple, Microsoft, Google-parent Alphabet and Amazon account for a combined 20% of the weight of the …

Megacap earnings to test fledgling U.S. stock rebound Read More »