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News
Paramount Skydance reports mixed second-quarter results
1+ hour, 18+ min ago (443+ words) LOS ANGELES, CALIFORNIA, Aug 4 (Reuters) – Paramount Skydance reported mixed second-quarter results on Tuesday, with higher streaming and studio revenue offsetting declines in television, as the company works to close its planned $110 billion acquisition of Warner Bros. Discovery. The entertainment giant’s…...
Jefferies gets new evidence of fake invoices at troubled fund, Bloomberg News reports
3+ hour, 4+ min ago (135+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Jefferies gets new evidence of fake invoices at troubled fund, Bloomberg News reports Aug 4 (Reuters) – Jefferies has been told that some of the invoices underpinning its financing to an…...
Analysis-Sustainable fund launches stutter amid industry caution
15+ hour, 23+ min ago (687+ words) By Simon Jessop and Naomi Rovnick LONDON, Aug 4 (Reuters) – The global sustainable fund industry has seen just a handful of new launches this year as weak performance, investor withdrawals and heightened regulatory scrutiny prompt asset managers to close products and…...
Caterpillar sets record mark in 2Q numbers
5+ hour, 35+ min ago (121+ words) IRVING, Texas – Caterpillar reached a historic mark in its 2nd quarter report. For the first time, the company generated more than $20 billion in sales and revenues in a single quarter. The $20.5 billion is up 24% from the $16.6 billion in the 2nd quarter of…...
Caterpillar raises 2026 revenue growth target after quarterly profit beat
10+ hour, 2+ min ago (332+ words) Aug 4 (Reuters) – Caterpillar raised its revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment. Shares of the company rose 9% in premarket…...
Electronic Arts misses quarterly bookings estimates ahead of Saudi-backed buyout
22+ hour, 9+ min ago (194+ words) Aug 3 (Reuters) – Videogame publisher Electronic Arts missed expectations for first-quarter bookings on Monday, hit by a post-launch decline in engagement for its “Battlefield” franchise ahead of its Saudi-backed acquisition. • Despite having a strong launch last year, “Battlefield 6” has struggled to…...
Analysis-Tesla’s China footprint complicates path to possible SpaceX merger
11+ hour, 17+ min ago (753+ words) Aug 4 (Reuters) – Tesla’s electric vehicle business in China looms as a key hurdle to a potential merger between Elon Musk’s automaker and SpaceX because of complications it could pose for the space firm’s business with the U.S. government. The…...
Singapore’s Grab lifts annual forecasts as AI, incentives drive growth
22+ hour, 39+ min ago (392+ words) By Deborah Mary Sophia Aug 4 (Reuters) – Singapore’s Grab raised its annual revenue and profit forecasts on Tuesday, encouraged by strong demand for its ride-hailing and delivery services driven by promotional offers, driver incentives and its AI initiatives. The upbeat projections…...
Planemakers and repair shops take steps to conserve aircraft windows in tight market
1+ day, 4+ hour ago (584+ words) Aug 3 (Reuters) – Planemakers, airlines and repair shops are conserving aircraft windows after an incident at a key California factory worsened shortages of a part needed for both new aircraft and routine maintenance, companies and industry sources said. GKN Aerospace, one…...
Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics
1+ day, 1+ hour ago (448+ words) By Jaspreet Singh and Juby Babu Aug 3 (Reuters) – Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong government and commercial demand for its data analytics software, sending its shares up 14% in extended trading. “Our business is compounding…...