By Scott Murdoch and Christine Chen SYDNEY, July 23 (Reuters) – Australia’s top investment bank Macquarie Group on Thursday appointed long-serving executive Greg Ward to replace retiring CEO Shemara Wikramanayake, a decision investors said showed confidence in the bank’s strategy after criticism ove
NEW YORK (AP) — It was the 11-minute performance heard around the world. Madonna, Justin Bieber, BTS and Shakira each brought abridged hits to the World Cup’s first halftime show in a whirlwind performance Sunday just outside New York. And it has resulted in some noteworthy streaming bumps. Luminate
Tesla said Wednesday that its profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle sales. The Austin, Texas, company reported second-quarter net income of $1.11 billion, or 32 cents per
NEW YORK (AP) — The European Union approved Paramount’s $81 billion takeover of Warner Bros. Discovery this week, effectively clearing another regulatory hurdle for a mega merger that could vastly reshape the entertainment and media landscape worldwide. But the greenlight comes with certain conditio
Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it’s massive artificial intelligence spending spree is paying off so far and advertising revenue is coming in strong. The Mountain View, California-based company said Wednesday it earned $11
By Casey Hall and Danielle Kaye SHANGHAI, July 23 (Reuters) – After eight successive quarters of falling sales in China, Nike is pulling online sales rights from some of its biggest retail partners in a high-stakes bet that tighter control over pricing and distribution can revive its fortunes. Analy
SAN DIEGO (AP) — The Avengers appear set to return to Hall H as Marvel Studios uses Comic-Con International to build hype for the December release of “Avengers: Doomsday” — and chart a path forward as audience interest in superhero films has waned. That panel on Saturday is the most-anticipated hour
July 22 (Reuters) – Raymond James Financial reported a rise in third-quarter profit on Wednesday, helped by strong performance in its capital markets unit. Global M&A activity has remained resilient despite the Middle East conflict as some companies took advantage of an easier regulatory backdrop to
July 22 (Reuters) – Casino operator Las Vegas Sands reported a decline in second-quarter profit and revenue on Wednesday, as unusually low hold in rolling play in its Macau operations countered growth in gaming volumes. Gambling revenue from Macau fell in June as bettors shifted spending to the FIFA
By Jamie McGeever ORLANDO, Florida, July 22 (Reuters) – The Nasdaq fell on Wednesday, dragged down by software stocks ahead of some major tech earnings reports, while deepening conflict in the Middle East pushed oil prices sharply higher again and Brent crude closer to the $100 a barrel mark. In my
By Foo Yun Chee BRUSSELS, July 22 (Reuters) – Paramount Skydance Corp on Wednesday gained European Union antitrust approval for its $110 billion acquisition of Warner Bros Discovery after agreeing to ditch a film distribution joint venture with Universal Pictures. The European Commission, which acts
By David Shepardson July 22 (Reuters) – The Federal Communications Commission on Wednesday voted to bar sales of devices in the U.S. that contain key hardware from Chinese companies deemed to be national security risks. The U.S. telecom watchdog maintains a list of firms — including Chinese telecom
BRASILIA, July 22 (Reuters) – The Brazilian government on Wednesday announced 18.5 billion reais ($3.66 billion) in financing for companies hit by U.S. tariffs, adding the resources will also target firms impacted by international conflicts. In a statement, the administration of President Luiz Inaci
By Pritam Biswas July 22 (Reuters) – CME Group beat Wall Street’s second-quarter profit estimates on Wednesday, fueled by strong hedging demand, sending the derivatives exchange’s shares up 6.1%. Meanwhile, the company’s outgoing CEO, Terry Duffy, reiterated his criticism of perpetual futures, which
LISBON/MADRID, July 22 (Reuters) – Ford Motor and China’s Geely have struck a landmark deal under which the U.S. automaker will sell part of its Almussafes plant near Valencia, paving the way for Geely to manufacture electric vehicles in Spain, ABC newspaper reported on Wednesday. Citing sources fam
By Divya Rajagopal TORONTO, July 22 (Reuters) – Panama is considering creating a state-owned mining firm to partner with Canada’s First Quantum on the re-opening of the shuttered flagship Cobre Panama copper mine, two people familiar with the development told Reuters. The mine, one of the world’s la
Pakistan Pursues Honeywell Refinery Deal To Bolster Energy Security By Arshad Mehmood / The Media Line Pakistan Finance Minister Muhammad Aurangzeb met Honeywell Technologies executives in Washington on Monday to discuss the company’s proposal to modernize and expand Pakistan’s refining sector. The
US, Jordan Sign Reciprocal Trade Agreement, Cap Tariffs at 10% By The Media Line Staff Jordan and the United States signed a reciprocal trade agreement in Washington on Tuesday, seeking to deepen commercial ties as both governments promote trade and investment as a pillar of their long-standing stra
By Marcelo Teixeira NEW YORK, July 22 (Reuters) – U.S. coffee drinkers, already paying the highest prices in a decade, could eventually feel the effects of any reaction by Washington to Nicaraguan President Daniel Ortega’s move to ban elections in that Central American country, traders and analysts
July 22 (Reuters) – Daimler Truck, one of the world’s biggest truckmakers, raised its full-year adjusted operating profit forecast on Wednesday, citing an updated tariff framework and higher expected sales at its Trucks North America business. The company now expects 2026 adjusted earnings before i
By Rajesh Kumar Singh and Nandan Mandayam CHICAGO, July 22 (Reuters) – Alaska Air Group returned to profitability in June with a double-digit pretax margin despite fuel prices running nearly 70% higher than a year earlier, CEO Ben Minicucci said on the carrier’s quarterly earnings call on Wednesday.
(Corrects typographical error in graphic) By Apratim Sarkar July 22 (Reuters) – Elevator maker Otis Worldwide on Wednesday cut its annual adjusted profit forecast on the back of increased costs, especially tied to labor, and said it had “broadly offset” the impact of the Middle East conflict with hi
PHNOM PENH, Cambodia (AP) — FBI Director Kash Patel held talks with Cambodian Prime Minister Hun Manet on Wednesday on joint efforts to combat international online scam operations that cheat victims out of billions of dollars each year. A report issued Tuesday by the United Nations Office of Drugs a
July 22 (Reuters) – SpaceX is preparing for at least one new large-scale data center in Texas, The Information reported on Wednesday, citing people familiar with the matter. The expansion would significantly increase the company’s AI computing capacity beyond its existing Memphis-area hub, where it
July 22 (Reuters) – Penske Corp and Mitsui , the controlling shareholders of Penske Automotive Group, have offered $210 per share in cash to take the auto dealership chain private, according to a regulatory filing on Wednesday. Penske Automotive Group’s shares rose over 11% during morning trade. • I
PAGE, Ariz. (AP) — Matt Barrett has seen Lake Powell drop nearly every year since 2013 or so, when he started making annual treks to the reservoir on the Utah-Arizona border. Some very snowy winters helped it rebound quickly, but this year was far from that. “We need another one of those fast,” he s
DETROIT (AP) — Winter Storm Uri, the multiday freeze that slammed Texas in February 2021 and pummeled the state’s power grid, has been on Kenneth Kovar’s mind ever since. Though the resident of New Braunfels, northeast of San Antonio, didn’t lose power at the time, he wasn’t able to run his septic t
DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump warned Wednesday that the U.S. will destroy one bridge or power plant each time Iran shoots at a ship in the Strait of Hormuz. Trump’s latest threat to target civilian infrastructure came as the unpopular war spirals with no clear offram
By Sumit Saha July 22 (Reuters) – GE Vernova missed Wall Street estimates for second-quarter adjusted core profit on Wednesday as losses in its Wind business widened, overshadowing strong growth in its Power and Electrification units. Shares were down 6.4% in early trade. The Wind unit was hurt by w
(Corrects typographical error in headline) July 22 (Reuters) – Private equity firm Platinum Equity is nearing a deal to acquire about a 50% stake in Nestle’s European water business in a transaction that would value the joint venture at almost €5 billion ($5.71 billion), the Financial Times reported
