By Anirban Sen (Reuters) -Creative Artists Agency (CAA) is in advanced talks to sell a majority stake to French billionaire Francois-Henri Pinault in a deal that could value the Hollywood talent agency at over $7 billion, according to a person familiar with the matter. CAA’s talks with luxury sector tycoon Pinault, the CEO of Gucci-owner…
(Reuters) – The U.S. Treasury Department is asking primary dealers their views on what specific bonds it should issue more of when it needs to raise more funds through the bond market, and for details around how a likely bond repurchase program would work. The Treasury noted that it may need to “modestly” increase the…
(Reuters) – New York City could experience a 446 megawatt power supply shortfall starting summer 2025, fueled by forecasts of increasing peak demand levels and the unavailability of some generators, the state’s power grid operator said on Friday. Increased electrification of the transportation and building sectors, post-pandemic economic growth and the unavailability or retirement of…
NEW YORK (Reuters) – S&P 500 company aggregate earnings for the second quarter are now seen down 8.1% from the year-ago quarter, compared with a 6.4% decline forecast by analysts a week ago, according to Refinitiv data Friday. (Reporting by Caroline Valetkevitch)
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – Russia shows no sign of changing direction in its war on Ukraine, U.S. Secretary of State Antony Blinken said on Friday, as foreign ministers from two dozen countries met in Indonesia’s capital for Southeast Asia’s annual security-focused gathering. Top diplomats from China, the United States and…
By Lisa Baertlein (Reuters) -A threatened U.S. strike at United Parcel Service could be “one of the costliest in at least a century,” topping $7 billion for a 10-day work stoppage, a think tank specializing in the economic impact of labor actions said on Thursday. That estimate from Michigan-based Anderson Economic Group (AEG) includes UPS…
By Paul Sandle LONDON (Reuters) – Britain’s competition regulator on Friday extended its final deadline on Microsoft’s Activision Blizzard deal to Aug. 29 after its received a “detailed and complex” new proposal from Microsoft that claimed material changes in circumstance. The Competition and Markets Authority (CMA) in April became the first and so far only…
(Reuters) – Delivery firm United Parcel Service said on Friday the company is focused on reaching an agreement with the Teamsters workers’ union before Aug. 1. (Reporting by Aishwarya Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)
WASHINGTON (Reuters) – U.S. consumer sentiment jumped to the highest level in nearly two years in July as inflation subsided and the labor market remained strong, a survey showed on Friday. The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 72.6 this month, the highest reading since September…
(Reuters) – Shares of Nikola Corp jumped 14% on Friday, a day after a short squeeze sent the electric-truck maker’s shares soaring in their busiest trading session on record. The stock surged nearly 61% to a more than four-month high on Thursday after Nikola entered a deal to sell 50 EVs to BayoTech and purchase…
