Business News
Blackstone has dropped plans to acquire a majority stake in the snacks business of Haldiram’s instead it is now discussing purchase of a 20 percent stake at a valuation of $8 billion, which is still a sticking point, Reuters reported citing sources. There is a disconnect over valuation, though, with Haldiram’s wanting to value the … Read more
Disney (DIS) on Thursday reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates, as its direct-to-consumer business built on recent momentum and swung to a profit. Strong guidance for the next two years also fueled investor optimism, sending shares up over 10% in early trading following the results. The media … Read more
Sagicor Financial press release (TSX:SFC:CA): Q3 Core earnings to shareholders of $24.1 million Annualised core return on shareholders’ equity of 10.4% Net income to shareholders of $59.1 million driven by positive market experience New business CSM of $44.8 million Shareholders’ equity of $952.3 million, with book value per share of US$6.86 or C$9.26 More on Sagicor Financial
New Yorkers are feeling the pinch in their pocketbooks after a listeria outbreak has affected 7 million pounds of cold cuts. (Credit: WNYW) The owner and operator of family grocery chain Cingari Family Markets talked to FOX Business about a unique trend he has observed of shoppers turning away from deli meat as a whole … Read more
BRUSSELS (Reuters) -The European Commission on Thursday fined Meta Platforms (NASDAQ:) €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters. “The European Commission has fined Meta … for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China has borrowed almost as cheaply as the US after returning to the global dollar bond market for the first time in three years. Investors placed nearly $40bn of orders to buy $2bn … Read more
Good morning! Melanie Trump breaks White House traditions, ex-OpenAI chief technology officer Mira Murati builds her new team, and a new Fortune ranking reminds us of how far women still have to go in the business world. – The very top. This week, Fortune published its first-ever list of the 100 Most Powerful People in … Read more
In a mocking statement, comedian Kunal Kamra has playfully targeted actor Vikrant Massey in light of the latter’s controversial remarks in an interview. Massey has stirred significant public ire for his statements made during various podcasts he is promoting in anticipation of his upcoming film, The Sabarmati Report. In a recent interview with Shubhankar Mishra, … Read more
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