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Stephen King going to bat for US gov't in case against book publishing mega-merger

Stephen King going to bat for US gov’t in case against book publishing mega-merger

WASHINGTON, Aug 1 (Reuters) – The US Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King. “It’s real money for real …

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Exxon, Chevron post blowout earnings, oil majors bet on buybacks

Exxon, Chevron post blowout earnings, oil majors bet on buybacks

High prices, margins lift majors to best quarters in history Exxon earnings surpass previous record set in 2012 July 29 (Reuters) – The two largest US oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for …

Exxon, Chevron post blowout earnings, oil majors bet on buybacks قراءة المزيد »

India blocks Krafton's game under law it has used to ban China apps, source says

India blocks Krafton’s game under law it has used to ban China apps, source says

NEW DELHI, July 29 (Reuters) – India blocked a popular battle-royale format game from Krafton Inc (259960.KS), a South Korean company backed by China’s Tencent (0700.HK), using a law it has invoked since 2020 to ban Chinese apps on national security concerns, a source said. Battlegrounds Mobile India (BGMI) was removed from Alphabet Inc’s (GOOGL.O) …

India blocks Krafton’s game under law it has used to ban China apps, source says قراءة المزيد »

Apple forecasts faster sales growth, despite strong iPhone demand, glum economy

Apple forecasts faster sales growth, despite strong iPhone demand, glum economy

July 28 (Reuters) – Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead. The Silicon Valley giant’s shares rose 3.5% after hours following the release of the results. Though macroeconomic …

Apple forecasts faster sales growth, despite strong iPhone demand, glum economy قراءة المزيد »

JetBlue, Spirit near takeover deal that could come on Thursday-source

JetBlue, Spirit near takeover deal that could come on Thursday-source

July 28 (Reuters) – JetBlue Airways Corp (JBLU.O) is nearing a deal to buy Spirit Airlines (SAVE.N) that could be announced as soon as Thursday, a source familiar with the matter said, after Spirit canceled its $2.7 billion sale to Frontier Group Holdings (ULCC.O). The latest developments mark a victory for JetBlue in its months-long …

JetBlue, Spirit near takeover deal that could come on Thursday-source قراءة المزيد »

Google helps jittery stocks ahead of Fed

Google helps jittery stocks ahead of Fed

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/ Kim Kyung-hoon Register now for FREE unlimited access to Reuters.com Register Nasdaq futures up 1.5%, S&P 500 …

Google helps jittery stocks ahead of Fed قراءة المزيد »

Wall Street closes lower as ad tech, social media stocks drop

Indexes drop as Walmart profit warning spooks investors

Walmart cuts profit forecast; news hits retailers McDonald’s up as sales, profit top estimates Coca-Cola up on forecast raise Indexes: Dow down 0.7%, S&P 500 down 1.2%, Nasdaq down 1.9% NEW YORK, July 26 (Reuters) – US stocks ended sharply lower Tuesday as a profit warning by Walmart dragged down retail shares and exceptionally weak …

Indexes drop as Walmart profit warning spooks investors قراءة المزيد »

Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown

Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown

A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Expects to add HK primary listing by end-2022, keep NYSE listing HK shares jump nearly 6%; move will diversify investor base -CEO Seen boosting mainland China investor access to …

Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown قراءة المزيد »

Oil rises as dollar strength eases, but Fed weighs

Oil rises as dollar strength eases, but Fed weighs

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register US Fed to hold policy meeting on July 26-27 Libya to increase oil output to 1.2 mln bpd in …

Oil rises as dollar strength eases, but Fed weighs قراءة المزيد »

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some …

Exclusive: Hyundai subsidiary has used child labor at Alabama factory قراءة المزيد »