(Reuters) -Warner Bros Pictures Group Chairman Toby Emmerich is stepping down, the company announced Wednesday, as Warner Bros Discovery CEO David Zaslav puts his imprimatur on the newly formed media company. Emmerich has served as chairman of the studio since 2018, the year the studio had its greatest box office success, fueled by such hits …
Warner Bros chairman to step down, MGM studio chiefs to take over Read More »
By Jarrett Renshaw (Reuters) – U.S. President Joe Biden on Wednesday will convene a virtual roundtable with producers of infant formula to get updates on the industry’s efforts to ramp up supplies to address a national shortage. The U.S. has been dealing with a baby formula shortage due to a February recall at Abbott Laboratories …
Biden to get supply update from infant formula producers Read More »
MILAN (Reuters) -U.S. investment firm RedBird Capital Partners has agreed a 1.2 billion euro ($1.3 billion) deal to buy Italian soccer champions AC Milan, the club said on Wednesday, while current owners Elliott will retain a minority investment. The transition to new ownership will take place over the summer, with an expected closing of the …
(This May 31 story corrects second paragraph to say Fidelity Digital Assets plans to fill 210 new positions, and not 110 as previously reported) (Reuters) – Fidelity Investments’ digital assets arm will double down on hiring this year as it looks to beef up its resources to serve clients who want to invest in crypto …
Fidelity’s crypto unit to double down on hiring this year (May 31) Read More »
By Natalie Grover LONDON (Reuters) -Pfizer plans to exit its 32% stake in Haleon, its consumer health joint venture with British drugmaker GSK, after the business is spun off as an independent listed company in July, GSK said on Wednesday. Pfizer previously signalled it would seek to sell its shareholding in Haleon, which is home …
Pfizer to exit GSK’s consumer health arm after spin-off Read More »
BERLIN (Reuters) – Tesla works at twice the industry pace in many processes but still needs to ramp up highly complex factories and find qualified workers to win the electric vehicle race, Volkswagen’s chief executive said on Wednesday. The U.S. carmaker, posing a challenge to German electric vehicle production with its new plant near Berlin, …
Volkswagen’s race with Tesla will be tight, Diess says Read More »
(Reuters) -Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines to vote against a proposed merger with Frontier Group Holdings. JetBlue Airways Inc’s competing offer of $30 a share is superior from a financial standpoint, ISS said in a report on Tuesday, with a cash consideration at a meaningfully higher …
ISS urges Spirit shareholders to reject Frontier offer Read More »
By Andrew Chung (Reuters) -The U.S. Supreme Court on Tuesday blocked a Texas law that bars large social media companies from banning or censoring users based on “viewpoint,” siding with two technology industry groups that have argued that the Republican-backed measure would turn platforms into “havens of the vilest expression imaginable.” The justices, in a …
U.S. Supreme Court blocks Texas law restraining social media companies Read More »
(Reuters) -Salesforce Inc raised its full-year adjusted profit forecast after it beat quarterly revenue estimates on strong demand for business software as companies increasingly adopt hybrid work models. The San-Francisco-based company’s shares rose about 7% in extended trading after having fallen about 37% this year as investors moved out of growth stocks on a series …
Salesforce raises 2023 profit forecast despite tough business conditions Read More »
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) said on Tuesday it will grant a shorter extension than Boeing sought for a program in which the planemaker’s employees perform regulatory tasks for the government agency. The FAA opted to renew Boeing’s Organization Designation Authorization program for three years rather than the five years Boeing …
U.S. FAA wants to see improvements in Boeing program Read More »
