(Reuters) – Major Hollywood studios and streaming platforms are considering terminating some of their first-look, overall deals with writers as soon as Aug. 1, Variety reported on Friday, citing sources with knowledge of various term agreements and talks inside the companies. The deals would be torn up under contractual force majeure clauses, as SAG-AFTRA and…
(This July 26 story has been corrected to remove an extraneous letter from the jump headline) By Moussa Aksar and Boureima Balima NIAMEY (Reuters) – Niger President Mohamed Bazoum has been removed from power, according to a group of soldiers who appeared on the West African nation’s national television late on Wednesday, hours after the…
By Sabrina Valle (Reuters) – Chevron Corp on Friday said that its annual oil and gas production should stay near the low-end of the oil major’s guidance due to unexpected stoppages in Canada and Thailand operations. The company last year delivered 3 million barrels of oil and gas equivalent per day (boepd) worldwide while forecasting…
By Laura Sanicola and Timothy Gardner WASHINGTON (Reuters) – The largest U.S. solar power site and other clean energy projects could be built on lands owned by the Department of Energy, including where components for Cold War-era atomic bombs were developed, the agency said on Friday. The DOE said it has identified about 70,000 acres…
By David Shepardson WASHINGTON (Reuters) -U.S. prosecutors on Friday asked a judge to dismiss a 2020 criminal case against European planemaker Airbus after a probationary period for the company expired. A 2020 settlement known as a deferred prosecution agreement resolved an investigation into charges Airbus violated anti-bribery laws and export controls. The planemaker, a major…
By Huw Jones and Tom Sims LONDON/FRANKFURT (Reuters) – Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a theoretical 496 billion euros ($546 billion) wiped from their buffers, the bloc’s banking watchdog said on Friday. Bank stress tests became a feature in Europe and the…
By Bianca Flowers CHICAGO (Reuters) -Farm and construction equipment maker CNH Industrial reported better-than-expected operating profit on Friday, though shares fell as much as 6% as an unchanged revenue forecast cast doubt on future growth potential. The Italian-American company maintained its revenue forecast for industrial activities between 8% and 11% and a free-cash flow (FCF)…
(Reuters) – Church & Dwight raised its annual sales and profit forecasts on Friday, betting on higher prices and steady demand for its household and personal care products including liquid detergents and mouthwash. Consumer goods companies have been jacking up prices of their products to safeguard margins from spiraling costs linked to manufacturing, supply chain,…
(Reuters) – U.S. President Joe Biden is planning to sign an executive order to limit critical U.S. technology investments in China by mid-August, Bloomberg news reported on Friday, citing people familiar with the internal deliberations. The order would focus on semiconductors, artificial intelligence and quantum computing, Bloomberg reported, adding that it would not affect any…
MEXICO CITY (Reuters) -Mexico’s peso on Friday hit its highest level against the dollar since early December 2015, as the greenback lost steam after a slowdown in U.S. inflation bolstered the case for the Federal Reserve to end its interest rate hikes. The currency, which has been dubbed the “super peso” in some quarters, including…
