(Reuters) – Warner Bros Discovery is shutting down its CNN+ streaming service, Variety reported on Thursday, citing people familiar with the matter. The media firm is expected to provide details to employees on Thursday, according to the report https://variety.com/2022/tv/news/cnn-plus-shut-down-warner-bros-discovery-1235237913. Warner Bros Discovery did not immediately respond to a Reuters request for comment. (Reporting by Eva…
Amazon is extending the benefits of a Prime subscription to online stores beyond its own site, a move geared toward boosting revenue from merchant fees and expanding its logistics footprint. The company said Thursday the new service it calls “Buy with Prime,” will initially be available by invitation for merchants who ship their products using…
By Rodrigo Campos and Karin Strohecker NEW YORK/LONDON (Reuters) – As Russia teeters on the brink of a historic default, foreign investors in the country’s debt have few palatable options to recover their money: bet on costly legal action, trust bilateral agreements will stand, or sit on their hands. Foreign creditors would typically try to…
In 2019, the NotPetya cyberattack cost U.S. multinationals approximately $10 billion in damages. NotPetya was malware used by Russian hackers to attack Ukraine, but it went beyond its intended target. It was the largest single attack by a state-sponsored entity in the history of the World. Again, this was an unintended strike on the U.S…..
By Dominique Vidalon PARIS (Reuters) -France’s Carrefour said on Wednesday it looked to 2022 with confidence after its sales growth accelerated in the first quarter, driven mostly by Brazil, its second-largest market. In an inflationary environment made worse by the Ukraine crisis, Carrefour would protect the purchasing power of customers and at the same time…
WASHINGTON (AP) — Long-term U.S. mortgage rates rose for the seventh straight week, climbing to their highest level in more than a decade. The average rate on a 30-year mortgage rose to 5.11% from 5% last week, mortgage buyer Freddie Mac reported Thursday. The last time it was higher was in April of 2010 when…
Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal. Last week, Musk announced an offer to buy the social media platform for $54.20 per share, or about $43 billion. At the time, he did not say how he would finance…
By Joseph White (Reuters) -AutoNation Inc and other brick-and-mortar auto dealerships in the United States turned shortages of new and used vehicles to profitable advantage in the first quarter, but investors sold the No. 1 U.S. auto retailer’s shares Thursday despite stronger than expected results. AutoNation reported adjusted diluted earnings per share of $5.78, beating…
(Reuters) -Elon Musk has secured a $46.5 billion financing commitment to acquire Twitter Inc and is considering starting a tender offer for its outstanding shares, a filing with U.S. regulators showed on Thursday. Musk has offered to buy Twitter for $43 billion, which prompted Twitter to adopt a ‘poison pill’ to limit Elon Musk’s ability…
WASHINGTON (AP) — The mounting economic damage to Ukraine from Russia’s ongoing bombardment has the U.S. and its allies speeding billions in aid to the beleaguered country — and looking for other sources of cash as well, including Russia itself. After the U.S. announced $1.3 billion in new economic assistance and military aid to Ukraine…
