By Aditya Kalra, Dawn Chmielewski and Munsif Vengattil NEW DELHI/LOS ANGELES (Reuters) -India\'s top conglomerate Reliance Industries and Walt Disney (NYSE:DIS) on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world\'s most populous nation. Reliance, led by Asia\'s richest...
(Reuters) -The Australian banking trade union said on Thursday that Westpac Banking (NYSE:WBK) Corp, one of the country\'s top lenders, has cut 132 jobs across divisions, with some of these roles being shifted to companies in India and the Philippines. From the bank\'s risk division, 62 roles are being reduced at a time when the...
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -The Reliance-Disney India merger has attracted Nita Ambani, wife of Reliance boss Mukesh Ambani, back into mainstream business as the new company\'s chair, where her experience in arts and sports, and ties with Bollywood could come in handy. Reliance and Disney said on Wednesday they would...
By Andre Romani and Patricia Vilas Boas SAO PAULO (Reuters) -Brazilian pulpmaker Suzano posted on Wednesday a 39% fall in its fourth-quarter net profit from a year earlier as lower pulp prices hit its revenue, while the company also announced its first CEO change in more than a decade. Suzano posted 4.52 billion reais ($909...
Quiver Quantitative - $DELL earnings are coming up. Here is a look at recent trades of $DELL by people who might have an edge.CongressMembers of Congress have disclosed trades of $DELL stock 1 times in the last quarter. Of those trades, 1 have been purchases and 0 have been sales.Here’s a breakdown of recent trading...
SAN DIEGO - Viking Therapeutics, Inc. (NASDAQ: NASDAQ:VKTX), a biopharmaceutical company specializing in metabolic and endocrine disorders, has priced an underwritten public offering of 6,471,000 shares of common stock at $85.00 each. The transaction is expected to yield approximately $550 million before fees and expenses, with a closing date anticipated around March 4, 2024. The...
LAS VEGAS - Allegiant Travel Company (NASDAQ:ALGT), the Las Vegas-based airline, has released its preliminary passenger traffic figures for January 2024, showing a small decrease in the number of passengers and revenue passenger miles compared to the same period last year. The data indicates that Allegiant carried 1,176,117 passengers in scheduled service in January this...
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed near flat on Tuesday ahead of inflation and other economic data that could shed light on the possible timing of a Federal Reserve interest rate cut. As corporate earnings season winds down, investors refocused on economic data and the likely path of U.S. rates. Equities have...
By Lucy Craymer WELLINGTON (Reuters) - One of New Zealand\'s two free-to-air television networks said on Wednesday it was proposing to close its newsroom operations, television news broadcasts and website from June 30, with the loss of up to 200 media jobs. Warner Bros Discovery (NASDAQ:WBD), which owns the news service Newshub that airs on...
(Reuters) -American Airlines is nearing a deal for about 100 narrowbody jets split between Airbus SE (OTC:EADSY) and Boeing (NYSE:BA), with the European planemaker likely to win a slightly higher number of orders, two people familiar with the talks told Reuters on Tuesday. A deal for Airbus A321 and Boeing 737 MAX 8 jets could...