By Dawn Chmielewski (Reuters) – Skydance Media, the studio behind such films and television series as “The Adam Project” and “Tom Clancy’s Jack Ryan”, on Thursday announced it has completed a $400 million investment round led by the global investment firm KKR & Co and the Ellison family. The independent studio, founded in 2010 by …
David Ellison’s Skydance Media raises $400 million Read More »
By Leigh Thomas PARIS (Reuters) – European electricity use is falling to levels seen during the worst of the COVID-19 pandemic although some countries need to curb consumption further to prepare for a possible energy supply crunch this winter, a Reuters analysis of power data shows. European countries are racing to save energy going into …
European power use falls, but winter targets still a stretch Read More »
(Reuters) -South African freight rail and port workers have rejected a revised pay offer from state-owned logistics firm Transnet and vowed to continue a week-long strike that has been throttling commodities exports, a union leader said on Thursday. Transnet, which operates South Africa’s freight rail and ports, said on Tuesday it had raised its wage …
S.African unions reject Transnet’s revised wage offer, continue strike Read More »
By Helen Coster (Reuters) -Alphabet Inc’s Google has approved former U.S. President Donald Trump’s social media app Truth Social for distribution in the Google Play Store, a company spokesperson said on Wednesday. Trump Media & Technology Group (TMTG), which operates Truth Social, is expected to make the app available in the Play Store shortly, Google …
Google approves Trump’s Truth Social for Play Store Read More »
By Ananya Mariam Rajesh (Reuters) -PepsiCo Inc on Wednesday raised its annual forecasts for revenue and profit on the back of fresh price increases for its sodas and snacks to battle runaway costs while signaling resilient demand. Shares rose 4% after the company also beat third-quarter estimates that comes amid gloomy expectations for corporate results …
PepsiCo signals resilient demand as price increases boost forecasts Read More »
NEW YORK (Reuters) – Bank of America Corp Chief Executive Officer Brian Moynihan said U.S. consumers are still in good financial health. “Right now, they’re in very good shape,” Moynihan told attendees at an Institute of International Finance conference in Washington. He cited high savings rates, strong credit quality, and a 10% increase in consumer …
Bank of America CEO says U.S. consumers still in good financial health Read More »
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp’s fledging low carbon energy business on Wednesday struck its first commercial carbon storage deal under an effort to target a projected multi-trillion market by 2050. The agreement with the world’s top manufacturer of ammonia CF Industries Holdings to bury carbon dioxide (CO2) at an Exxon site …
Exxon signs with top ammonia maker as its first client for decarbonization business Read More »
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index edged lower on Wednesday, pressured by declines for the utilities sector and Cameco Corp, as U.S. producer price data bolstered expectations for additional aggressive interest rate hikes by the Federal Reserve. The Toronto Stock Exchange’s S&P/TSX composite index ended down 10.40 points, or 0.1%, at …
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended a choppy session slightly lower on Wednesday after minutes from the last Federal Reserve meeting showed policymakers agreed they needed to maintain a more restrictive policy stance. The September meeting minutes also showed many Fed officials stressed the cost of not doing enough to bring …
Wall St ends volatile day lower after Fed minutes, PPI Read More »
By Nate Raymond (Reuters) -U.S. Supreme Court justices on Tuesday questioned whether upholding a California law banning the sale of pork from pigs kept in tightly confined spaces would invite states to adopt laws imposing their political or moral views outside their borders. The justices heard arguments in an appeal by the National Pork Producers …
U.S. Supreme Court wrestles with pork industry challenge to California law Read More »
