Business

Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports

Thursday, August 27 by SRN News

Aug 27 (Reuters) - A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Fabiola... Read More.

Gap lifts annual profit forecast on strength of namesake brand

Thursday, August 27 by SRN News

Aug 27 (Reuters) - Apparel retailer Gap raised its annual profit forecast on Thursday, betting on sustained momentum at its namesake brand even as pressure at some of its other labels persists. Shares of the company, which also appointed insider Michael Francis as Old Navy's... Read More.

Rivian’s finance chief McDonough steps down, joins GE Vernova

Thursday, August 27 by SRN News

SAN FRANCISCO, Aug 27 (Reuters) - Rivian CFO Claire McDonough has decided to leave the company to join GE Vernova in the same role, just as the electric vehicle maker ramps up rollout of its more affordable SUVs amid fragile EV demand in the... Read More.

US bank regulators finalize rules defining ‘unsafe’ bank practices

Thursday, August 27 by SRN News

By Pete Schroeder Aug 27 (Reuters) - A pair of U.S. banking regulators announced on Thursday they had finalized rules that set formal definitions for "unsafe and unsound" practices by banks, giving examiners firm guidelines for how to police lenders. The Office of the Comptroller of... Read More.

Trading Day: Tech on a tear, attention Fed chair

Thursday, August 27 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 27 (Reuters) - Another bumper earnings report and outlook from chipmaking giant Nvidia boosted tech stocks on Thursday, which was enough to lift the benchmark U.S. indexes even though every other sector fell, as investors digested inflation warnings from... Read More.

Judge likely to deny California’s bid to stop Amazon’s alleged price fixing

Thursday, August 27 by SRN News

By Jody Godoy Aug 27 (Reuters) - A California judge on Thursday said he was likely to deny a bid to block Amazon from allegedly fixing prices by pressuring rivals to raise prices, in a setback for California Attorney General Rob Bonta's case against the... Read More.

Activist investor Carl Icahn gives up JetBlue board seats

Thursday, August 27 by SRN News

Aug 27 (Reuters) - JetBlue Airways said on Thursday two members of its board of directors, Jesse Lynn and Steven Miller, will step down effective immediately, as part of the airline's 2024 agreement with activist investor Icahn Enterprises. In 2024, JetBlue agreed to appoint... Read More.

Any US trade deal must ensure robust Canadian auto sector, ambassador says

Thursday, August 27 by SRN News

By David Shepardson and David Lawder WASHINGTON, Aug 27 (Reuters) - Canada cannot accept a trade deal with the U.S. unless it ensures the survival of a robust Canadian auto assembly and parts industry, Canada's ambassador to Washington said on Thursday, giving no indication when... Read More.

Ulta Beauty lifts annual forecasts as marketing, product investments fuel growth

Thursday, August 27 by SRN News

By Arriana McLymore and Neil J Kanatt Aug 27 (Reuters) - Cosmetics retailer Ulta Beauty raised its annual sales and profit forecasts on Thursday, betting that marketing and product assortment investments would drive demand as it continues opening stores in the U.S. Net sales climbed 8.9%... Read More.

Rupert Murdoch considering re-merger of Fox Corp and News Corp, court documents and video show

Thursday, August 27 by SRN News

Aug 27 (Reuters) - Rupert Murdoch and his son Lachlan Murdoch are contemplating a recombination of Fox Corp and News Corp, uniting a TV company with a widespread news operation and cementing the family's control over a dwindling empire, court documents and video show. Discussions... Read More.

Current Weather

Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports

Gap lifts annual profit forecast on strength of namesake brand

Rivian’s finance chief McDonough steps down, joins GE Vernova

US bank regulators finalize rules defining ‘unsafe’ bank practices

Trading Day: Tech on a tear, attention Fed chair

Judge likely to deny California’s bid to stop Amazon’s alleged price fixing

Activist investor Carl Icahn gives up JetBlue board seats

Any US trade deal must ensure robust Canadian auto sector, ambassador says

Ulta Beauty lifts annual forecasts as marketing, product investments fuel growth

Rupert Murdoch considering re-merger of Fox Corp and News Corp, court documents and video show

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