Netflix says it's not buying Warner Bros. after all: ‘No longer financially attractive'
Fastcompany· 2026-02-27 16:41
Core Viewpoint - Warner's board has determined that Paramount's offer for acquiring Warner is superior to the previously agreed deal with Netflix, leading Netflix to withdraw from the acquisition due to financial unappeal [1] Group 1: Company Actions - Warner's leadership has consistently supported the deal with Netflix since December, even after acknowledging Paramount's superior offer [1] - Despite the new offer from Paramount, Warner's board maintained its recommendation in favor of the Netflix deal [1] Group 2: Industry Reactions - Netflix's co-CEOs expressed that while they would have been strong stewards of Warner's iconic brands, the acquisition was not essential at any price, indicating a strategic approach to investments [1] - The statement from Netflix's leadership highlights the importance of financial viability in acquisition decisions within the streaming industry [1]
lululemon Responds to Chip Wilson's Statements
Businesswire· 2026-02-27 16:39
VANCOUVER, British Columbia--(BUSINESS WIRE)--lululemon athletica inc. (NASDAQ:LULU) ("lululemon†or the "company†) today commented on Chip Wilson's press release in relation to his nomination of three director candidates to stand for election to the company's Board at lululemon's 2026 Annual Meeting of Shareholders: We have continued to engage with Mr. Wilson in good faith over the past few months, including numerous meetings, with the goal of having a productive dialogue with him. We disagree. ...
OpenAI valuation hits $730B as it raises $100B in latest funding round
Yahoo Finance· 2026-02-27 16:37
OpenAI valuation hits $730B as it raises $100B in latest funding round Proactive uses images sourced from Shutterstock OpenAI (Unlisted:OPAI) has announced a $110 billion funding round, pushing the company’s pre-money valuation to $730 billion, up from $500 billion in a secondary financing last October. The round includes $50 billion from Amazon.com Inc (NASDAQ:AMZN), $30 billion from Nvidia Corp (NASDAQ:NVDA, XETRA:NVD), and $30 billion from SoftBank, with additional investors expected to join. The Ch ...
How much can I borrow with a personal loan if I have bad credit?
Yahoo Finance· 2026-02-27 16:36
Key takeaways Lower credit scores signal higher risk of default to lenders, so lenders will limit loan amounts. Borrowers with bad credit get approved for unsecured loans with an average amount under $2,000, according to TransUnion data. Adding a cosigner or co-borrower with better credit can help you qualify for a larger loan amount, as can having a healthy debt-to-income ratio. If you have bad credit, certain personal loan lenders will still work with you, but they typically limit how much you c ...
Altria vs. Philip Morris: Which Is the Smarter Play for Now?
ZACKS· 2026-02-27 16:36
Core Insights - Altria Group, Inc. and Philip Morris International Inc. are leading companies in the global tobacco industry, focusing on cigarette and nicotine product sales amid changing consumer preferences [1][2] - Altria has a market capitalization of approximately $116.6 billion, while Philip Morris has a larger market value of around $291.9 billion, reflecting its international presence and leadership in next-generation products [1][2] Altria Group, Inc. Overview - Altria's investment appeal is supported by resilient cash-flow generation and consistent shareholder returns, with a 4.4% adjusted EPS growth in 2025 and approximately $8 billion returned to shareholders through dividends and share repurchases [3][4] - The smokeable products segment generated over $11 billion in adjusted operating income in 2025, with margins expanding to 63.4% due to strong pricing execution [4] - Altria is advancing its smoke-free portfolio, particularly in modern oral nicotine, with a 10.9% shipment volume growth for the on! brand in 2025 [5] - Domestic cigarette volumes declined approximately 9.5% in 2025, indicating ongoing pressure in the combustible category [6] Philip Morris International Inc. Overview - Philip Morris demonstrated a strong growth profile in 2025 with a 14.8% adjusted EPS growth, net revenues exceeding $40 billion, and organic operating income growth of 10.6% [7][8] - Smoke-free products accounted for 41.5% of total net revenues and nearly 43% of gross profit in 2025, with IQOS heated tobacco units and ZYN nicotine pouches showing significant growth [9][10] - Despite a 1.5% decline in combustible cigarette shipments, pricing actions helped lift combustible net revenues by 2.5% [10] - Management projects 2026 adjusted EPS growth of 11.1% to 13.1%, indicating confidence in the company's operating momentum [11] Comparative Analysis - Altria's shares increased by 26.1% over the past year, outperforming Philip Morris's 21.7% gain, although both lagged behind the industry growth of 33.8% [12] - Altria trades at a forward P/E ratio of 12.4, while Philip Morris trades at a forward P/E of 21.82, indicating differing valuations [16] - Philip Morris is viewed as the stronger growth story due to its accelerated shift toward smoke-free products and global scale, while Altria is seen as a stable income choice reliant on its U.S. combustible franchise [17]
Norway’s wealth fund will not invest in Adani Green over corruption allegations
MINT· 2026-02-27 16:35
Norway’s sovereign wealth fund, the world’s largest managing assets over $2.2 trillion, has decided not to invest in Adani Green Energy Ltd, citing corruption and financial crime allegations against the company.The Government Pension Fund Global held 0.23% of Adani Green Energy as of 26 August 2025, worth $43.9 million at the time, when it last voted on the company's shareholder resolutions. Norges Bank, which manages the sovereign wealth fund, did not comment on whether it has divested its stake since.The ...
WENDEL: Share buybacks and liquidity agreement suspension
Globenewswire· 2026-02-27 16:35
Group 1 - Wendel has signed a mandate with Natixis SA for share buybacks up to a maximum volume representing approximately 9% of its share capital, effective until December 18, 2026 [1][2] - The share buybacks will be conducted under the program authorized by the Shareholders' Meeting of May 15, 2025, and the liquidity agreement with Oddo BHF is suspended for the duration of the mandate [2] - The liquidity account currently holds 68,273 shares and €3,897,144.04 [2] Group 2 - Wendel is a leading listed investment firm in Europe, focusing on companies that are leaders in their respective fields, and has initiated a strategic shift into third-party asset management of private assets [3] - The company has made significant acquisitions, including a 51% stake in IK Partners in May 2024 and 72% of Monroe Capital in March 2025, with the acquisition of Committed Advisors announced in October 2025 [3] - As of December 31, 2025, Wendel Investment Managers manages €47 billion on behalf of third-party investors and approximately €5.5 billion in its Principal Investments activity [3]
The average amount in U.S. savings accounts – how does your cash stack up?
Yahoo Finance· 2026-02-27 16:34
When building your savings, a high-yield savings account can help your savings grow by earning more interest than a traditional savings account.The SCF also breaks down average account balances by household type. Couples with no children have the highest median balance, while single parents have the lowest. Again, the average balance is skewed by outliers, so the median balance may be more representative of how much households have saved.While the median bank account balance is $8,000, according to the late ...
Dow, S&P 500 and Nasdaq post worst month in 11 months — is the AI stock boom losing momentum? what investors need to know about the 2026 US stock market outlook
The Economic Times· 2026-02-27 16:34
US stock market volatility story is no longer about unstoppable AI gains. It is about rotation, risk, and recalibration. As of February 27 at 11:20 AM ET, the Dow Jones Industrial Average fell 533 points to 48,965.90, down 1.08%. The S&P 500 slipped 40.84 points to 6,868.02, off 0.59%. The dropped 190.65 points to 22,687.73, down 0.83%. The Nasdaq is now on track for its worst month since March. The S&P 500 is nearly flat for the year. Here is a data point most investors overlook. The equal-weighted S&P 500 ...
Main Street Capital (MAIN) Earnings Transcript
Yahoo Finance· 2026-02-27 16:33
Any of these forward-looking statements can be identified by the use of words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” or similar expressions. Statements are based on management's estimates, assumptions, and projections as of the date of this call, and there are no guarantees of future performance. Actual results may differ materially from the results expressed or implied in these statements as a result of risks, uncertainties, and other factors, including but not li ...