(Reuters) – Walt Disney’s ESPN sports network could secure an enterprise value of $24 billion and attract investment interest from…
Tag: Updated
Tesla wins first US Autopilot trial involving fatal crash
By Dan Levine and Hyunjoo Jin (Reuters) -Tesla on Tuesday won the first U.S. trial over allegations that its Autopilot…
After 100 years of innovating entertainment, Disney is at a crossroads
By Ally Levine, Anurag Rao, Adolfo Arranz and Dea Bankova (Reuters) – As Walt Disney turns 100, investors worry it’s…
Automakers oppose Cleveland-Cliffs push to buy U.S. Steel
By David Shepardson WASHINGTON (Reuters) -A group representing major automakers on Tuesday said the industry opposes steelmaker Cleveland-Cliffs’ proposed acquisition…
US seeks to block JetBlue’s Spirit Airlines deal at trial
By Nate Raymond BOSTON (Reuters) -The U.S. argued on Tuesday that JetBlue Airways’ planned $3.8 billion acquisition of ultra-low-cost carrier…
Walmart to upgrade 1,400 stores with $9 billion investment
By Siddharth Cavale NEW YORK (Reuters) – U.S. retail chain Walmart on Monday said it is investing more than $9…
Caterpillar shares fall on equipment demand concerns despite earnings beat
By Bianca Flowers and Shivansh Tiwary (Reuters) -Caterpillar reported a double-digit rise in profit on Tuesday, beating Wall Street estimates…
Pinterest soars on rising Gen Z engagement, ad market rebound
By Samrhitha A (Reuters) -Shares of Pinterest surged 17% on Tuesday after a strong quarterly performance indicated that the image-sharing…
Pinterest beats quarterly estimates on ad market recovery; shares up (Oct. 30)
(This Oct. 30 story has been corrected to add the dropped word ‘expansion’ in paragraph 2) (Reuters) – Pinterest beat…
G7 plan to ban Russian diamonds to further dim industry sparkle
By Polina Devitt, Clara Denina and Mimosa Spencer LONDON/PARIS (Reuters) – The global diamond sector is scrambling to get ahead…