Business

UK to probe Paramount-Warner Bros deal in coming weeks, competition watchdog says

Monday, April 13 by SRN News

April 13 (Reuters) - Britain's antitrust watchdog is expected to launch an investigation into Paramount Skydance's planned $110 billion acquisition of Warner Bros Discovery in "the coming weeks," a spokesperson said on Monday. "The film and TV industries contribute billions to our economy, so it's... Read More.

Wall St subdued at open as failed US-Iran talks unsettle investors

Monday, April 13 by SRN News

April 13 (Reuters) - Wall Street's main indexes opened lower on Monday after weekend talks between the U.S. and Iran failed to deliver a deal nL6N40V09S to end the war, threatening a nascent recovery in equities and risking a renewed bout of volatility. The Dow... Read More.

US existing home sales drop to nine-month low in March amid tight supply

Monday, April 13 by SRN News

By Lucia Mutikani WASHINGTON, April 13 (Reuters) - U.S. existing home sales fell to a nine-month low in March amid tight inventory and growing concerns over the labor market, and a recent increase in mortgage rates because of the war with Iran could limit activity... Read More.

OPEC lowers second-quarter global oil demand forecast on Iran war

Monday, April 13 by SRN News

By Alex Lawler LONDON, April 13 (Reuters) - OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, the producer group's monthly oil report showed in its first public assessment of the Iran war's impact on... Read More.

Iran war weighs on global economy as IMF meeting starts

Monday, April 13 by SRN News

By Mark John LONDON, April 13 (Reuters) - Alarm over the impact of the Iran war on the global economy grew on Monday with more countries announcing emergency support measures to combat rising energy costs, while others appealed for international support. The conflict - the third... Read More.

US home sales fall in March, marking a slow start to the spring homebuying season

Monday, April 13 by SRN News

Sales of previously occupied U.S. homes fell in March to their slowest pace nine months, as easing mortgage rates failed to motivate home shoppers during what's traditionally been the busiest time of the year for the housing market. Existing home sales fell 3.6% last month... Read More.

Hollywood heavyweights voice ‘unequivocal opposition’ to Paramount-Warner merger in open letter

Monday, April 13 by SRN News

NEW YORK (AP) - More than a thousand movie stars, writers, directors and other Hollywood professionals announced their "unequivocal opposition" to the proposed Paramount merger with Warner Bros. Discovery in an open letter published Monday. A large swath of the movie industry, including Denis... Read More.

Hollywood leaders, theater owners gather at CinemaCon at a critical time in the industry

Monday, April 13 by SRN News

The future of theatrical moviegoing is at a critical moment. More people have been going to movie theaters this year than last, but the foundation is delicate. Annual domestic box-office grosses are still down about 20% from pre-pandemic levels, competition from streaming has only intensified... Read More.

Goldman Sachs posts higher profit on strength in dealmaking, equities trading

Monday, April 13 by SRN News

By Utkarsh Shetti and Saeed Azhar April 13 (Reuters) - Goldman Sachs posted a rise in first-quarter profit on Monday, as the Wall Street bank benefited from strength in dealmaking and equities trading. Global markets have been roiled by the Iran war as rising crude oil... Read More.

Conagra Brands names Smucker executive John Brase as new CEO

Monday, April 13 by SRN News

April 13 (Reuters) - Conagra Brands on Monday named J.M. Smucker executive John Brase as its new CEO, to steer the packaged food maker through softening consumer spending in the U.S. and a shifting tariff and geopolitical environment. Brase will succeed Sean Connolly, who... Read More.

Current Weather

UK to probe Paramount-Warner Bros deal in coming weeks, competition watchdog says

Wall St subdued at open as failed US-Iran talks unsettle investors

US existing home sales drop to nine-month low in March amid tight supply

OPEC lowers second-quarter global oil demand forecast on Iran war

Iran war weighs on global economy as IMF meeting starts

US home sales fall in March, marking a slow start to the spring homebuying season

Hollywood heavyweights voice ‘unequivocal opposition’ to Paramount-Warner merger in open letter

Hollywood leaders, theater owners gather at CinemaCon at a critical time in the industry

Goldman Sachs posts higher profit on strength in dealmaking, equities trading

Conagra Brands names Smucker executive John Brase as new CEO

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