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 com[...]
Read more
July 31, 2024
CarShield is fined by US FTC for deceptive ads, including by celebrities
(Reuters) – CarShield has agreed to a $10 million settlement to resolve charges of deceptive advertising of its vehicle service contracts, and has been barred from allowing misrepresentations by[...]
Read more
Casino open to selling GPA stake, as Brazil retailer no longer strategic
By Luciana Magalhaes SAO PAULO (Reuters) -French retailer Casino no longer considers Brazil’s GPA a strategic holding and is open to selling its remaining 22.5% stake in the company, an executiv[...]
Read more
Garmin raises annual forecast; outdoor unit weakness weighs on shares
(Reuters) -Garmin beat quarterly revenue estimates and raised its annual forecast on Wednesday, helped by strength in fitness and auto segments, but mixed results in outdoor and aviation units sent it[...]
Read more
Insurer Humana flags higher medical care use, shares slide
By Sriparna Roy (Reuters) -Humana said on Wednesday that demand for medical care was higher than it had anticipated in the second quarter, dampening investor hopes that elevated costs in the Medicare[...]
Read more
Russia fines Google, TikTok over banned content
MOSCOW (Reuters) – Russia fined Alphabet’s Google and TikTok on Wednesday for failing to comply with an order from communications regulator Roskomnadzor over banned content, the Moscow cou[...]
Read more
T-Mobile lifts subscriber addition target on demand for premium bundled plans
By Harshita Mary Varghese (Reuters) -T-Mobile US raised its full-year forecast for monthly bill-paying phone subscriber additions, after seeing more customers than expected in the second quarter on st[...]
Read more
Johnson Controls CEO to retire, names new director after talks with Elliott
By Pratyush Thakur (Reuters) -Johnson Controls said on Wednesday that it has started a succession plan for CEO George Oliver, who is set retire, and added a board member following talks with activist[...]
Read more
UBS sues Bank of America for $200 million over crisis-era mortgage costs
By Jonathan Stempel NEW YORK (Reuters) – UBS sued Bank of America for $200 million on Wednesday, saying the second-largest U.S. bank refused to cover its legal costs related to risky mortgages i[...]
Read more