By Mathieu Rosemain PARIS (Reuters) – BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion…
Category: Business
Spirit forecasts steeper loss on ‘intense competitive battle’ for leisure travelers
By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -Spirit Airlines on Thursday warned of a steeper loss in the current quarter, citing an “intense competitive battle” for the price-sensitive leisure travelers as…
PayPal’s turnaround plan faces challenges from competition, analysts say
By Niket Nishant and Manya Saini (Reuters) -As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a post-pandemic slump, Wall Street analysts expressed some caution over competition from Big…
US mulls new curbs on China’s access to AI memory chips, Bloomberg News says
(Reuters) -The U.S. is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semiconductors, as…
Ackman’s Pershing Square USA withdraws US IPO
(Reuters) – Pershing Square USA said on Wednesday it was withdrawing its initial public offering, a day after hedge fund manager Bill Ackman’s new portfolio in the United States disclosed it would…
CrowdStrike down after report Delta Air to seek compensation over IT outage
(Reuters) – Shares of CrowdStrike fell more than 4% in premarket trading on Tuesday after a report Delta Air Lines will seek compensation from the cybersecurity firm over the recent global IT…
Tesla jumps on replacing Ford as Morgan Stanley’s ‘top pick’ in US auto sector
(Reuters) – Tesla shares jumped nearly 6% on Monday after Morgan Stanley named the most valuable automaker its “top pick” in the U.S. automotive industry, replacing Ford. The brokerage said Tesla’s energy…
McDonald’s sales fall globally for first time in more than three years
By Savyata Mishra (Reuters) -McDonald’s reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items, including Big…
Paris Olympics opening ceremony draws 28.6 million US viewers, most since 2012
By Sheila Dang PARIS (Reuters) – The opening ceremony for the Paris Olympics drew 28.6 million U.S. viewers, according to preliminary data from Comcast’s NBCUniversal on Saturday, which the company said was…
Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 billion
(Reuters) – Nasdaq said on Friday private equity firm Thoma Bravo will sell 41.6 million shares in the exchange operator through a secondary public offering. Based on Nasdaq’s last close, the offering…