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Telefonica sells Chile unit to NJJ, Millicom for $1.2 billion
Reuters· 2026-02-10 14:39
Core Viewpoint - Spanish telecoms giant Telefonica has sold 100% of its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, aligning with its strategy of divesting from non-core assets [1] Group 1 - The sale is part of Telefonica's broader strategy to streamline operations and focus on core markets [1] - The transaction reflects Telefonica's ongoing efforts to reduce debt and improve financial stability [1] - NJJ and Millicom are expected to leverage the acquisition to enhance their presence in the Latin American telecom market [1]
Paramount revises offer for Warner Bros with 25-cent ticking fee
Reuters· 2026-02-10 14:07
Paramount said on Tuesday it has revised its $30 per share all-cash bid for Warner Bros Discovery with a 25 cents per share ticking fee for every quarter the transaction is not closed beyond December ... ...
Ecolab forecasts 2026 profit above estimates on strong demand
Reuters· 2026-02-10 14:06
Core Viewpoint - Ecolab has forecasted current-year profit to exceed Wall Street estimates, driven by anticipated growth in its business segments, which will enhance demand for its technologies and services, including cleaning and sanitization solutions [1] Group 1 - Ecolab expects growth in its business segments to positively impact demand for its technologies and services [1] - The company's profit forecast for the current year is above Wall Street estimates, indicating strong performance expectations [1]
Rejection of Texas law blacklisting 'woke' BlackRock could challenge anti-ESG laws in other states
Reuters· 2026-02-10 13:54
Core Viewpoint - A Texas judge has ruled to invalidate a state law that targeted financial firms, including BlackRock and HSBC, for their use of environmental, social, and governance (ESG) factors in investment decisions, which could have significant implications for the investment landscape and regulatory environment in the state [1] Group 1 - The law in question aimed to blacklist financial firms that engage in "woke" investing practices, which has been a contentious issue in the financial industry [1] - The ruling may set a precedent for other states considering similar legislation against firms that prioritize ESG criteria in their investment strategies [1] - BlackRock and HSBC, among others, have been vocal proponents of ESG investing, and this ruling could impact their operations and strategies moving forward [1]
Trimble forecasts upbeat annual profit, revenue on strong software demand
Reuters· 2026-02-10 13:44
Core Insights - Trimble forecasts annual revenue and earnings above Wall Street estimates, driven by increased demand from its strategy of bundling navigation products with software solutions for various industries [1] Group 1: Financial Performance - The company anticipates higher annual revenue and earnings, indicating strong market performance and effective strategic initiatives [1] Group 2: Strategic Initiatives - Trimble's strategy involves bundling navigation products with software solutions, which is expected to enhance demand across different sectors [1]
US retail sales unexpectedly flat in December
Reuters· 2026-02-10 13:43
U.S. retail sales were unexpectedly unchanged in December, putting consumer spending and the overall economy on a slower growth path heading into the new year. ...
VW's Seat says Cupra Tavascan model spared from EU duties on Chinese EV
Reuters· 2026-02-10 13:33
The European Commission has approved a request by Volkswagen's CUPRA brand to free its Tavascan SUV coupe, which is made in China and shipped to Europe, from import tariffs in exchange for a minimum price model, a company spokesperson said on Tuesday. ...
Datadog beats quarterly results estimates on AI-driven demand for cloud security
Reuters· 2026-02-10 13:28
Core Insights - Datadog exceeded Wall Street expectations for its fourth-quarter results, driven by increased adoption of artificial intelligence which boosted demand for its cloud security products [1] Group 1 - The company's shares rose by 10% following the announcement of its strong quarterly performance [1]
European Publishers Council files EU antitrust complaint about Google's AI Overviews
Reuters· 2026-02-10 13:23
The European Publishers Council has complained to EU antitrust regulators about Alphabet unit Google's AI-generated summaries known as AI Overviews, the lobbying group said on Tuesday. ...
Zimmer Biomet beats quarterly estimates on strong hips, knees device demand
Reuters· 2026-02-10 13:18
Core Insights - Zimmer Biomet exceeded Wall Street expectations for fourth-quarter profit and revenue, driven by consistent demand for its orthopedic devices [1] Company Performance - The company reported a strong performance in the fourth quarter, indicating robust market conditions for its products [1] Industry Demand - There is steady demand for orthopedic devices, which has positively impacted Zimmer Biomet's financial results [1]