(Corrects syntax in headline) (Reuters) – NBCUniversal’s head of advertising, Linda Yaccarino, is in talks to become the new CEO of Twitter, the Wall Street Journal reported on Thursday, c[...]
Read more
May 11, 2023
SVB Financial fights FDIC over seized tax refunds
By Dietrich Knauth NEW YORK (Reuters) – SVB Financial, the bankrupt former parent of failed Silicon Valley Bank, said on Thursday the U.S. Federal Deposit Insurance Corporation must release $10[...]
Read more
Binance.US explores ways to cut founder Zhao’s majority stake – report
(Reuters) -Binance.US and Changpeng Zhao, the crypto exchange’s founder and majority owner, have been exploring ways to reduce his stake in the company, the Information reported on Thursday, cit[...]
Read more
Dow, S&P 500 fall with Disney; PacWest leads regional banks lower
By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and the S&P 500 ended lower on Thursday, dragged down by Walt Disney Co as it lost subscribers, while PacWest led declines in regional b[...]
Read more
News Corp beats profit estimates on subscriptions growth, cost cuts
(Reuters) -Media conglomerate News Corp on Thursday beat Wall Street estimates for third-quarter profit, helped by a string of cost-cut measures and strong subscription growth across its professional[...]
Read more
Carrefour Brasil in talks with Barzel Properties over $260 million deal
SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais[...]
Read more
Brazil’s Embraer agrees $5 billion plane sales deal with Berkshire Hathaway’s NetJets
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Thursday it will sell up to 250 units of its Praetor 500 aircraft to Berkshire Hathaway’s NetJets Inc in a deal valued at $5 b[...]
Read more
Newcrest extends exclusivity period for Newmont’s $20 billion buyout offer
(Reuters) -Newcrest Mining Ltd said on Friday it has extended the exclusivity period by a week for Newmont Corp to complete its due diligence on its A$29.4 billion ($19.94 billion) final takeover offe[...]
Read more
Big US banks to pay billions to replenish failure fund
By Pete Schroeder WASHINGTON (Reuters) -Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank an[...]
Read more