Business

Permira-backed womenswear retailer Reformation valued at $886 million in NYSE debut

Thursday, July 30 by SRN News

By Pragyan Kalita July 30 (Reuters) - Permira-backed womenswear retailer Reformation was valued at $886.1 million after its shares opened flat in their NYSE debut on Thursday. The Vernon, California-based company's shares opened at $15 apiece, the same as its offer price. The retailer and... Read More.

US sugar demand up, corn syrup down, as consumers pick less processed foods, report says

Thursday, July 30 by SRN News

By Marcelo Teixeira NEW YORK, July 30 (Reuters) - Demand for sugar in the U.S. grew modestly along with the population, while use of high fructose corn syrup fell, a report said on Thursday, suggesting Americans may be trying harder to avoid highly processed foods... Read More.

Bank of England keeps rates on hold, awaits clearer sign of Iran war inflation hit

Thursday, July 30 by SRN News

By David Milliken, William Schomberg and Yoruk Bahceli LONDON, July 30 (Reuters) - The Bank of England kept interest rates on hold on Thursday as it waits for a keener sense of how much the U.S.-Iran war will push up inflation, although the collapse of... Read More.

Average 30-year US mortgage rate rises to highest level in a year at 6.66%

Thursday, July 30 by SRN News

The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs. The benchmark 30-year fixed rate mortgage rate rose to 6.66% from... Read More.

Film producers warn Paramount-Warner merger could restrict access to news archives

Thursday, July 30 by SRN News

By Dawn Chmielewski and Paul Sandle LOS ANGELES, CALIFORNIA, July 30 (Reuters) - A group of film producers has urged the British culture minister to intervene in the proposed merger of Paramount Skydance and Warner Bros Discovery and protect access to historical news footage used... Read More.

Jersey Mike’s valued at $6.7 billion after shares fall in NYSE debut

Thursday, July 30 by SRN News

By Utkarsh Shetti, Abigail Summerville and Pritam Biswas July 30 (Reuters) - Jersey Mike's shares opened 8.7% below their initial public offering price on Thursday, valuing the sandwich chain at about $6.7 billion in its New York Stock Exchange debut. The offering raised about $1 billion... Read More.

Goldman Sachs queried top lawyer Ruemmler on Epstein links as scrutiny mounted

Thursday, July 30 by SRN News

By Saeed Azhar NEW YORK, July 30 (Reuters) - Goldman Sachs queried its former top lawyer Kathy Ruemmler in 2023, 2025 and 2026 about links to Jeffrey Epstein amid growing scrutiny of the late convicted sex offender's ties to the elite and wealthy, according to... Read More.

Exclusive-Ford CEO tells employees Chinese automakers could enter U.S. market in next decade

Thursday, July 30 by SRN News

By Nora Eckert DETROIT, July 30 (Reuters) - Ford CEO Jim Farley told employees in a town hall Thursday that the company is preparing for the possibility that Chinese automakers could enter the American market in the next five to ten years, even though the... Read More.

ABC says FCC seeks to intimidate network over news coverage

Thursday, July 30 by SRN News

By David Shepardson WASHINGTON, July 30 (Reuters) - Walt Disney-owned ABC said on Thursday that the Federal Communications Commission's threat to revoke the network's broadcast licenses is part of an unprecedented campaign of intimidation over broadcast content the Trump administration dislikes. ABC said that the Trump... Read More.

Universal Music revenue rises 13.3% on Downtown deal, streaming pricing

Thursday, July 30 by SRN News

July 30 (Reuters) - Universal Music Group reported second-quarter revenue of 3.29 billion euros ($3.79 billion) on Thursday, up 13.3% year-on-year at constant exchange rates, helped by the consolidation of Downtown Music and higher streaming prices. Seconds quarter adjusted earnings before interest, taxes, depreciation, and... Read More.

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Current Weather

Permira-backed womenswear retailer Reformation valued at $886 million in NYSE debut

US sugar demand up, corn syrup down, as consumers pick less processed foods, report says

Bank of England keeps rates on hold, awaits clearer sign of Iran war inflation hit

Average 30-year US mortgage rate rises to highest level in a year at 6.66%

Film producers warn Paramount-Warner merger could restrict access to news archives

Jersey Mike’s valued at $6.7 billion after shares fall in NYSE debut

Goldman Sachs queried top lawyer Ruemmler on Epstein links as scrutiny mounted

Exclusive-Ford CEO tells employees Chinese automakers could enter U.S. market in next decade

ABC says FCC seeks to intimidate network over news coverage

Universal Music revenue rises 13.3% on Downtown deal, streaming pricing

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