By Rishab Shaju and Arasu Kannagi Basil (Reuters) – Transit technology maker Via Transportation was valued at $3.5 billion on Friday after its shares fell 4.4% at open in their New York Stock Exchange debut. The stock opened below its $46 offer price before rebounding to close up 7.6% at $49.51. Via and selling shareholders …
Transit tech firm Via valued at $3.5 billion in NYSE debut Read More »
By Dawn Chmielewski (Reuters) -Hours after his company’s merger with Paramount closed in August, CEO David Ellison’s empire-building kicked into gear. His studio chiefs announced they had won a bidding war to distribute a new James Mangold heist film starring Timothee Chalamet. Days later came a blockbuster seven-year, $7.7 billion deal for exclusive U.S. streaming and …
David Ellison races to rebuild Paramount’s mountain of content Read More »
-Alaska Air expects its quarterly profit to be at the low end of its previous forecast, as high fuel costs and operational challenges weigh on margins, the U.S. carrier said on Monday. Refinery outages on the U.S. West Coast have tightened fuel supplies and lifted prices. Alaska now expects to pay up to $2.55 per …
Alaska Air estimates third-quarter profit at low end of forecast on fuel costs Read More »
(Reuters) -EchoStar said on Monday it expects to hold $24.1 billion in total cash after using proceeds from its spectrum license sales to repay debt, bolstering its balance sheet and supporting growth in wireless, satellite and technology sectors. The satellite communications firm sold some wireless spectrum licenses to AT&T for $23 billion and SpaceX for …
EchoStar expects to have $24 billion in cash after spectrum sales, debt payments Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets A pivotal week for big central bank decisions started quietly for world markets, with the U.S. Federal Reserve expected to deliver its first rate cut of the year and the only debate seemingly about …
By Marianna Parraga HOUSTON (Reuters) – A U.S. court on Monday begins the final sale hearing of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors, following heavy competition for the seventh largest U.S. refiner. A court officer overseeing the auction in August changed his recommendation of winner to …
Is Venezuela about to lose Citgo, its most prized foreign asset? Read More »
(Reuters) – Elon Musk’s satellite internet service Starlink was back online for most users after a brief outage on Monday, according to tracking website Downdetector.com. The number of U.S. users reporting issues fell below 1,000 as of 1:15 a.m. ET (0515 GMT), down from a peak of more than 43,000, Downdetector said. The platform tracks …
Musk’s Starlink service back up after brief outage affects thousands of users Read More »
ZURICH (Reuters) -Swatch will hike its prices in the United States by between 5% and 15% after the 39% tariff President Donald Trump imposed on Switzerland last month, the Swiss watchmaker’s Chief Executive Nick Hayek said in a newspaper interview. Hayek told the NZZ am Sonntag newspaper at the weekend that the U.S. tariffs could …
Swatch to hike prices in US after tariffs, CEO says Read More »
By Scott Murdoch and Christine Chen SYDNEY (Reuters) – ANZ Group agreed to pay A$240 million ($159.5 million), the Australian corporate regulator’s largest-ever penalties against a single entity, over systemic failures ranging from acting “unconscionably” in a government bond deal to charging dead customers. The penalties announced on Monday are a troubling milestone for Australia’s …
Australia’s ANZ to pay $160 million over bond deal, customer violations Read More »
(Reuters) -The U.S. Securities and Exchange Commission Chairman Paul Atkins vowed to give businesses notice of technical violations before “bashing down their door”, marking a shift away from aggressive enforcement actions, according to a Financial Times interview published on Monday. “I think a lot of people rightly criticised the SEC,” said Atkins. “Especially in more …
SEC to notify businesses of technical violations before taking action, FT reports Read More »
