(1/2) A shopping cart is seen at a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. REUTERS/Brendan McDermid NEW YORK, May 23 (Reuters) – (This May 23 story has been edited to correct spelling of Carnell’s first name to Erik, from Eric, in paragraph 8) Target, which launched its Pride … Read more
May 24 (Reuters) – Kohl’s Corp (KSS.N) reported a surprise profit on Wednesday as its new CEO’s efforts to turn around the company that saw its margins slump last year began yielding results, pushing shares of the department store chain up 19%. The company also stuck to its full-year targets, though it saw a bigger-than-expected … Read more
(1/5) The 76th Cannes Film Festival – Screening of the film ‘Asteroid City’ in competition – Red Carpet Arrivals – Cannes, France, May 23, 2023. Director Wes Anderson and cast members Matt Dillon, Scarlett Johansson, Jason Schwartzman, Tom Hanks, Jeffrey Wright and Damien Bonnard pose. REUTERS/Sarah… Learn more CANNES, May 23 (Reuters) – A busload … Read more
May 23 (Reuters) – Shutterstock Inc (SSTK.N) said on Tuesday it would buy motion-picture platform Giphy Inc from Meta Platforms Inc (META.O) for $53 million in cash, months after that the Facebook owner has agreed to divest the company over competition concerns. Last year, the UK competition regulator ordered Meta to sell Giphy over concerns … Read more
(1/11) A climate activist is sacked after disrupting Shell’s annual general meeting in London, Britain May 23, 2023. REUTERS/Ron Bousso GA delayed by protests Climate activist resolution wins 20% of votes LONDON, May 23 (Reuters) – Security personnel shielded Shell (SHEL.L) chief executive Wael Sawan and company directors as climate protesters tried to take to … Read more
(1/2) Small figurines are seen in front of the Zoom logo displayed in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration May 22 (Reuters) – Zoom Video Communications Inc (ZM.O) raised its full-year revenue and profit forecast on Monday, even as growth slows after a pandemic boom and business spending slows in a difficult economy. … Read more
May 22 (Reuters) – Mizuho Financial Group Inc is to buy U.S. mergers and acquisitions advisory firm Greenhill & Co Inc for $550 million including debt, the companies said on Monday. as Japan’s third-largest lender eyes a bigger share of the world’s largest investment banking fee pool. Greenhill shares more than doubled to close at … Read more
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced it had agreed to sell $2.6 billion in construction home loans at a price reduced in order to improve its balance sheet. PacWest shares rose nearly 20% on the deal, giving the Los Angeles-based bank breathing space … Read more
NEW YORK, May 22 (Reuters) – JPMorgan Chase & Co’s (JPM.N) net interest income will rise by $3 billion as it earns more interest on its purchase of bankrupt First Republic Bank this year , executives told investors Monday. The largest US lender expects its net interest income to reach $84 billion thanks to higher … Read more
Deal increases Chevron’s production by 240,000 barrels per day The company will raise its outlook for capital expenditure on purchase Chevron shares fall 1%, PDC Energy gains 8% May 22 (Reuters) – Chevron Corp (CVX.N) said on Monday it was increasing its oil and gas footprint in the United States by acquiring shale producer PDC … Read more
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