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Oil set to close lower for second straight week
Reuters· 2025-12-19 01:30
Oil prices fell in early trading on Friday and were set to close lower for a second straight week, as rising prospects of a Russia-Ukraine peace deal offset concerns over supply disruptions from a blockade of Venezuelan oil tankers. ...
Warner Bros Discovery shareholder Harris Associates says open to revised Paramount bid
Reuters· 2025-12-19 01:04
Core Viewpoint - Harris Associates, the fifth largest shareholder in Warner Bros Discovery, expressed openness to a revised offer from Paramount Skydance if it presents a superior bid [1] Group 1 - Harris Associates is currently the fifth largest shareholder in Warner Bros Discovery [1] - The company indicated a willingness to consider a new offer from Paramount Skydance [1] - The condition for this consideration is that Paramount Skydance must present a bid that is superior to the current one [1]
Cannabis companies face hurdles accessing big banks despite reclassification, experts say
Reuters· 2025-12-19 00:14
Core Viewpoint - U.S. President Donald Trump's decision to relax marijuana regulations may alleviate some challenges for cannabis companies, but it is unlikely to improve their access to capital from major banks [1] Group 1 - The relaxation of marijuana regulations could reduce operational burdens for cannabis companies [1] - Experts suggest that despite regulatory changes, access to capital from big banks will remain restricted for the cannabis industry [1]
Blackberry lifts lower end of annual revenue forecast on cybersecurity demand
Reuters· 2025-12-18 23:20
BlackBerry on Thursday raised the lower end of its fiscal 2026 revenue forecast, signalling strong demand for its cybersecurity software as companies ramp up spending to counter increasingly sophistic... ...
TikTok signs deal to sell US unit to American investor-led venture
Reuters· 2025-12-18 22:28
ByteDance's TikTok has signed a deal to sell its U.S. entity to a joint venture controlled by American investors, according to a memo from TikTok CEO seen by Reuters. ...
Energy Transfer suspends development of its Lake Charles LNG export project
Reuters· 2025-12-18 21:49
Energy Transfer on Thursday said it is suspending the development of its Lake Charles liquefied natural gas export facility in Louisiana to focus on allocating funds to natural gas pipeline projects. ...
Exclusive: Starbucks supplier Cuisine Solutions hires Morgan Stanley and Rothschild for potential sale, sources say
Reuters· 2025-12-18 21:47
Food company Cuisine Solutions, which makes egg bites for Starbucks and sous vide grass-fed beef sirloin for Costco , has hired investment banks to explore a sale next year that could value the private, family-owned company at over $2 billion, according to people familiar with the matter. ...
Nike edges past quarterly revenue expectations on resilient demand
Reuters· 2025-12-18 21:18
Nike on Thursday edged past market expectations for quarterly revenue, helped by resilient demand for its running shoes amid a big marketing push to fend off stiff competition from upstart brands in N... ...
Finalists for top Fed job want to cut rates, but diverge from there
Reuters· 2025-12-18 20:50
The three candidates interviewed by President Donald Trump so far to replace Federal Reserve Chair Jerome Powell next May share a desire to cut interest rates, but diverge on other aspects of monetary policy and come from different backgrounds. ...
Italy's Nexi rejects TPG offer for digital banking assets
Reuters· 2025-12-18 19:33
Italian fintech company Nexi said on Thursday it will not proceed with U.S. private equity fund TPG's offer to buy its digital banking unit. ...