By Ross Kerber (Reuters) – Investors including well-known activist John Chevedden filed a shareholder resolution calling on Fox Corp to study using on-air branding to distinguish its news and opinion programming. The resolution meant for the media company’s annual meeting, traditionally held in the fall, cites its recent $787.5 million settlement of a defamation lawsuit…
By Tetsushi Kajimoto TOKYO (Reuters) -Business sentiment at big Japanese manufacturers turned positive for the first time this year and service-sector morale hit a five-month high, the Reuters Tankan poll showed, as the economy continued to improve from a COVID-led recession. Wednesday’s monthly poll, which tracks the Bank of Japan’s closely watched quarterly tankan survey,…
By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei 225 share average will drop 4% from 33-year highs, returning to the psychologically key 30,000 level by year-end and trading around the same level in mid-2024, according to the median estimates of analysts polled by Reuters. Responses varied widely, however, revealing a deep split over the outlook…
(Reuters) -UBS Group AG said on Tuesday it was in negotiations with Swiss authorities about loss protections related to its takeover of Credit Suisse Group AG and its regulatory capital requirements. The disclosure underscores how some aspects of the tie-up between the two banks, arranged hastily over a weekend in mid-March by the Swiss government…
By Tyler Clifford (Reuters) – Some 2,000 Illinois children were sexually abused by Roman Catholic clergy between the 1950s and 2010s, the state attorney general said in a report released on Tuesday that also detailed how abuse was often tolerated and concealed by Church leaders. The 696-page report, released by Illinois Attorney General Kwame Raoul,…
By Sharon Bernstein and Julia Harte (Reuters) – South Carolina lawmakers on Tuesday passed a ban on most abortions after fetal cardiac activity begins, around six weeks. The hotly contested bill, which Republican Governor Henry McMaster is expected to sign, passed mostly along party lines, with the notable exception of the state senate’s five women…
By Harish Sridharan (Reuters) – Qantas Airways on Tuesday forecast a record annual profit and hiked its share buyback programme by up to A$100 million ($67.83 million), courting demands from a workers’ union to return billions received as pandemic aid from the government. Australia’s flagship carrier expects an underlying profit before tax of A$2.43 billion…
By Harish Sridharan (Reuters) – Qantas Airways on Tuesday forecast a record annual profit and hiked its share buyback programme by up to A$100 million ($67.83 million), courting demands from a workers’ union to return billions received as pandemic aid from the government. Australia’s flagship carrier expects an underlying profit before tax of A$2.43 billion…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt Purdue Pharma received a U.S. judge’s permission on Tuesday to sell its consumer health business for $397 million to a subsidiary of Arcadia Consumer Healthcare. U.S. Bankruptcy Judge Sean Lane approved Purdue’s sale of Avrio Health at a hearing in White Plains, New York, allowing Purdue to…
(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year. When the Wall Street Journal’s Thorold Barker asked Musk at an event if India was interesting, he said, “Absolutely”. Tesla is “serious” about its plans to establish…
