By Jonathan Saul LONDON (Reuters) -Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week’s U.S. Baltimore bridge collapse and[...]
Read more
April 3, 2024
Fed’s Bostic says first rate cut should come in Q4 of this year
(Reuters) – The Federal Reserve should not cut its benchmark interest rate until the end of this year, Atlanta Fed President Raphael Bostic said on Wednesday, as he maintained his view that the[...]
Read more
Outgoing Boeing CEO Calhoun to not stand for re-election to Caterpillar board
(Reuters) – Dave Calhoun, outgoing CEO of Boeing, will not stand for re-election to the board of Caterpillar at the company’s 2024 annual shareholders meeting, the construction equipment m[...]
Read more
Exclusive-Disney prevails over Trian in board fight, sources say
By Svea Herbst-Bayliss, Greg Roumeliotis (Reuters) -Walt Disney Co has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz’s hedge fund Trian Fund Ma[...]
Read more
Tesla to scout sites in India for $2 billion-$3 billion EV factory, FT reports
(Reuters) -Tesla will send a team from the United States to India by late-April to study sites for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday, ci[...]
Read more
JPMorgan Chase launches digital media business
(Reuters) – JPMorgan Chase on Wednesday launched a new digital media business that would allow advertisers to target the Wall Street bank’s 80 million customers based on their spending dat[...]
Read more
Paramount, Skydance Deal Talks Fuel Investor Interest But Charts Indicate Mixed Sentiments
Paramount Global (NASDAQ:PARA) is stirring the market’s curiosity as discussions heat up regarding a potential deal with Skydance Media. Skydance founder David Ellison recently met with Paramount’s bo[...]
Read more
Morgan Stanley commits to Canary Wharf home until at least 2038
LONDON (Reuters) – Morgan Stanley’s UK arm has extended a lease on its 547,000 square foot European headquarters in London’s Canary Wharf to 2038, committing to the Docklands financi[...]
Read more
US opens preliminary probe into Fisker’s Ocean vehicles over door failure
(Reuters) – The U.S. auto safety regulator said on Wednesday it had opened a preliminary probe into Fisker’s 2023 Ocean SUVs after complaints that the doors of the electric vehicles someti[...]
Read more