Business

Exclusive-Trian has no plans to make bid for Wendy’s right now, sources say

Wednesday, August 26 by SRN News

By Svea Herbst-Bayliss NEW YORK, Aug 26 (Reuters) - Nelson Peltz's Trian Fund Management has no plans to make a take-private bid for Wendy's at this time, sources familiar with the matter told Reuters. The move comes after the investment firm, a longtime Wendy's shareholder with... Read More.

Fed seen a bit more likely to hike after inflation data

Wednesday, August 26 by SRN News

Aug 26 (Reuters) - The case for a Federal Reserve interest-rate hike gained a little steam on Wednesday after a government report showed inflation in July was a touch stronger than economists had expected. The 12-month gain in the personal consumption expenditures price index, which... Read More.

Boeing posts contract jobs in labor dispute’s latest escalation

Wednesday, August 26 by SRN News

By Dan Catchpole SEATTLE, Aug 26 (Reuters) - Boeing posted contractor positions for engineering and technical roles on job sites on Tuesday, in what appears to be the latest escalation in its labor dispute with its white-collar union at its commercial airplane division. After members of... Read More.

Former JPMorgan executive Staley says he shared confidential bank information with Epstein

Wednesday, August 26 by SRN News

By Nupur Anand NEW YORK, Aug 26 (Reuters) - Former JPMorgan Chase executive Jes Staley told U.S. lawmakers he repeatedly shared confidential and market-sensitive bank information with Jeffrey Epstein and was at one point named as a trustee of his estate, according to a transcript... Read More.

Qantas’ full-year profit falls 14% on fuel costs, to retire A380s from 2028

Wednesday, August 26 by SRN News

Aug 27 (Reuters) - Australia's Qantas Airways reported a 13.8% drop in its full-year pre-tax underlying profit on Thursday, hurt by surging jet fuel prices due to the Middle East conflict, and said it planned to start retiring A380 superjumbos from its fleet in... Read More.

Dolly Parton’s love of the Great Smoky Mountains helped transform her hometown

Wednesday, August 26 by SRN News

SEVIERVILLE, Tenn. (AP) - Dolly Parton didn't just sing lovingly about her Tennessee mountain home. She spent her life elevating an often-overlooked region to showcase what long inspired her music and sparked a tourism boom that forever changed those living against the backdrop of... Read More.

A look at major lawsuits against Meta and other social media companies over harms to kids

Wednesday, August 26 by SRN News

A settlement announced Wednesday between Meta and dozens of states resolves one of its biggest legal fights, but the social media giant is still facing litigation elsewhere over its products' effects on young people's mental health. The deal cut short a landmark trial in... Read More.

Salesforce raises annual revenue forecasts on AI product momentum

Wednesday, August 26 by SRN News

Aug 26 (Reuters) - Salesforce raised its annual revenue forecast on Wednesday, signaling confidence that enterprise adoption of its new AI-powered autonomous agents will accelerate sales, sending its shares up 12% in extended trading. The enterprise software giant and Anthropic announced an expanded partnership, "Claudeforce",... Read More.

HP’s decline in PC shipments overshadows strong results; shares fall

Wednesday, August 26 by SRN News

Aug 26 (Reuters) - HP said on Wednesday its personal computer unit shipments declined in the third quarter, overshadowing the company's strong results and sending its shares down 10% in extended trading. Its total PC shipments dropped 16% for the quarter ended July 31, even... Read More.

Brazil sues Discord for $97 million over alleged failures to protect children

Wednesday, August 26 by SRN News

BRASILIA, Aug 26 (Reuters) - The Brazilian government said on Wednesday it has sued chat platform Discord, seeking 500 million reais ($97 million) through a civil collective moral damages lawsuit as it accuses the firm of failing to comply with laws protecting children and... Read More.

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Exclusive-Trian has no plans to make bid for Wendy’s right now, sources say

Fed seen a bit more likely to hike after inflation data

Boeing posts contract jobs in labor dispute’s latest escalation

Former JPMorgan executive Staley says he shared confidential bank information with Epstein

Qantas’ full-year profit falls 14% on fuel costs, to retire A380s from 2028

Dolly Parton’s love of the Great Smoky Mountains helped transform her hometown

Salesforce raises annual revenue forecasts on AI product momentum

HP’s decline in PC shipments overshadows strong results; shares fall

Brazil sues Discord for $97 million over alleged failures to protect children

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