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Exclusive: EU set to approve Universal Music's Downtown buy, sources say
Reuters· 2026-01-20 12:35
Group 1 - Universal Music Group is poised to receive conditional EU antitrust approval for its $775 million acquisition of Downtown Music [1]
Exclusive: CK Hutchison weighs London, Hong Kong listing of global telco assets, sources say
Reuters· 2026-01-20 12:32
Group 1 - CK Hutchison Holdings is considering a listing of its global telecommunications business in London and Hong Kong [1] - The potential listing could occur as early as the third quarter following the spin-off from the group [1]
Indian AI startup Emergent raises $70 million in round led by SoftBank, Khosla Ventures
Reuters· 2026-01-20 12:31
Group 1 - Indian software application creator startup Emergent has raised $70 million in funding [1] - The funding round was led by SoftBank Vision Fund and Khosla Ventures [1]
Fifth Third reports rise in fourth-quarter profit on higher interest income
Reuters· 2026-01-20 12:19
Core Viewpoint - U.S. regional bank Fifth Third Bancorp reported an increase in fourth-quarter profit, driven by higher interest income due to increased loan demand [1] Financial Performance - The bank's profit rose in the fourth quarter, indicating a positive trend in financial performance [1] - Higher interest income contributed significantly to the profit increase, reflecting the bank's ability to capitalize on rising loan demand [1]
Western Midstream renegotiates Occidental contracts, to get $610 million in unit transfer
Reuters· 2026-01-20 12:19
Core Viewpoint - Western Midstream Partners has successfully renegotiated contracts with Occidental Petroleum for natural gas gathering and processing in the Delaware Basin [1] Company Summary - Western Midstream Partners is involved in natural gas gathering and processing operations [1] - The renegotiation of contracts indicates a strategic move to enhance operational efficiency and potentially improve financial performance [1] Industry Summary - The Delaware Basin remains a critical area for natural gas production, and partnerships between midstream companies and producers like Occidental Petroleum are essential for optimizing resource extraction and processing [1]
Ethiopian Airlines orders nine Boeing 787 Dreamliners in long-haul push
Reuters· 2026-01-20 12:16
Core Insights - Ethiopian Airlines, Africa's largest carrier, has placed an order for nine Boeing 787 Dreamliner jets, indicating a response to the increasing demand for long-haul travel [1] Company Summary - Ethiopian Airlines is expanding its fleet with the acquisition of nine Boeing 787 Dreamliner jets [1] - The order reflects the airline's strategy to enhance its long-haul travel capabilities [1] Industry Summary - The aviation industry is experiencing a growing demand for long-haul travel, prompting airlines to invest in new aircraft [1] - Boeing's 787 Dreamliner is positioned as a key model to meet the needs of airlines looking to expand their long-haul service offerings [1]
Novavax enters license agreement with Pfizer for vaccine development
Reuters· 2026-01-20 12:11
Group 1 - Novavax is entering into a licensing agreement with Pfizer to develop vaccine products for infectious diseases [1]
US lender KeyCorp beats fourth-quarter profit estimates on higher interest income
Reuters· 2026-01-20 12:11
Group 1 - KeyCorp exceeded Wall Street expectations for fourth-quarter profit, driven by increased interest income and investment banking fees [1] - The U.S. lender reported a strong performance in its financial services, indicating robust demand in the market [1] - The results reflect a positive trend in the banking sector, highlighting the potential for growth in interest-related earnings [1]
BofA to award stock worth $1 billion to non-executive employees
Reuters· 2026-01-20 12:04
Bank of America said on Tuesday it will award about $1 billion in equity to all employees except senior management, after the lender capped a strong year marked by a surge in profits. ...
Netflix submits amended all-cash offer for Warner Bros, wins board support
Reuters· 2026-01-20 12:03
Netflix submitted an amended all-cash offer for Warner Bros Discovery's studio and streaming businesses, winning the unanimous support from the HBO owner's board without increasing the $82.7 billion p... ...