By Granth Vanaik (Reuters) -Hershey on Thursday outlined a new two-year restructuring program that would generate about $300 million in pre-tax savings after projecting annual sales and profit below W[...]
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NEWSLETTER
Apple is Developing Foldable Clamshell iPhones – The Information
(Reuters) – Apple is building prototypes of at least two iPhones that fold widthwise like a clamshell, The Information reported on Wednesday, citing a person with direct knowledge of the situati[...]
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Brent, US crude futures climb on supply forecast
By Erwin Seba HOUSTON (Reuters) -Brent and U.S. crude futures climbed over $1 a barrel on Tuesday after the U.S. Energy Department said crude oil production would not grow as fast as previously foreca[...]
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By Max A. Cherney SAN FRANCISCO (Reuters) – A surge in demand for artificial intelligence (AI) and a steady rise in automotive chips will help propel a rebound in global chip sales this year, ac[...]
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Battle for Disney’s Future Heats up, Company Sets Meeting Date
By Dawn Chmielewski and Svea Herbst-Bayliss (Reuters) -Walt Disney’s battle with activist investor Nelson Peltz heated up on Thursday when the hedge fund manager said his candidates to the enter[...]
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Amer Sports discounts IPO as investors fret about its reliance on China
By Echo Wang and Scott Murdoch (Reuters) – Amer Sports raised $1.37 billion in a discounted U.S. initial public offering (IPO) on Wednesday, after investors expressed concerns about its growing[...]
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Samsung Sees Tech Devices Demand Recovering in 2024 After Record Chip Loss
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a[...]
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Investors yank over $100 billion from hedge funds in 2023 – Nasdaq eVestment
By Nell Mackenzie LONDON (Reuters) -Investors withdrew over $100 billion from hedge funds last year in a second consecutive year of outflows of this scale, according to a Nasdaq eVestment report on Tu[...]
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Signa Holding faces claims of $9 billion – insolvency manager
VIENNA (Reuters) – The troubled European Signa holding company is facing claims totalling 8.613 billion euros ($9.32 billion), its court-appointed manager said on Monday, a figure that is 70% mo[...]
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