Business

Paramount’s $110 billion Warner Bros deal likely to secure FCC backing, FT reports

Tuesday, March 3 by SRN News

March 3 (Reuters) - U.S. Federal Communications Commission Chair Brendan Carr has signaled that the watchdog will not seek to block Paramount's $110 billion deal to buy Warner Bros and played down competition concerns over a combination of CBS and CNN, the Financial Times... Read More.

BlackRock-backed group seeks to close CK Hutchison ports deal without Panama assets, FT reports

Tuesday, March 3 by SRN News

March 3 (Reuters) - A BlackRock-backed consortium is pushing to complete its acquisition of CK Hutchison's global ports business without two terminals in Panama, after authorities seized the assets, Financial Times reported on Tuesday. Swiss-Italian shipping firm Mediterranean Shipping Company (MSC) and the U.S.-listed asset... Read More.

Airline ticket prices soar on Asia-Europe routes after Gulf airport closures

Tuesday, March 3 by SRN News

By Julie Zhu HONG KONG, March 3 (Reuters) - The price of flights between Asia and Europe has soared after the closure of key Middle Eastern hubs due to the U.S.-Israel war against Iran, with airline websites showing tickets on many popular routes booked out... Read More.

Stock slide as Middle East air war fans inflation fears

Tuesday, March 3 by SRN News

By Gregor Stuart Hunter SINGAPORE, March 3 (Reuters) - A selloff in stocks deepened on Tuesday and the dollar strengthened as investors considered the implications of U.S. and Israeli strikes on Iran on energy prices and the global economy. MSCI's broadest index of Asia-Pacific shares outside... Read More.

Apollo, Leon Black sued for allegedly concealing Epstein business ties from shareholders

Tuesday, March 3 by SRN News

By Jonathan Stempel and Isla Binnie NEW YORK, March 2 (Reuters) - Shareholders sued Apollo Global Management and its billionaire co-founders Leon Black and Marc Rowan on Monday in a proposed class action for allegedly defrauding them for nearly five years about the private capital... Read More.

S&P may cut Berkshire-owned PacifiCorp utility to junk because of wildfires

Tuesday, March 3 by SRN News

By Jonathan Stempel March 2 (Reuters) - S&P Global said on Monday it may downgrade PacifiCorp, a utility owned by Berkshire Hathaway, to junk status as liabilities mount from class action litigation over a series of Oregon wildfires in 2020. The warning came after an Oregon... Read More.

Blackstone’s $82 billion private credit fund sees net outflows

Tuesday, March 3 by SRN News

By Isla Binnie NEW YORK, March 2 (Reuters) - Blackstone, the world's largest alternative asset manager, has agreed to increase payouts to investors from a private credit fund this quarter, leading to net outflows, a securities filing showed on Monday. Investors in the $82 billion Blackstone... Read More.

China’s economic ambitions hit limits to growth as its national congress meets

Tuesday, March 3 by SRN News

BEIJING (AP) - China's progress in building a modern economy, evident in its kung-fu fighting robots and self-parking cars, is hitting limits as a downturn in its housing industry drags on, small businesses suffer and young people struggle to find jobs. The gap between Chinese... Read More.

Airline stocks extend falls as fuel price uncertainty weighs

Tuesday, March 3 by SRN News

By Byron Kaye and Julie Zhu SYDNEY/HONG KONG, March 3 (Reuters) - Asian airline shares extended losses on Tuesday as the U.S. and Israeli war against Iran escalated, with carriers closely monitoring fuel price spikes and many seeing a surge in bookings as passengers switch... Read More.

Oil rises as expanding US-Israeli conflict with Iran elevates supply risks

Tuesday, March 3 by SRN News

March 3 (Reuters) - Oil prices rose for a third day on Tuesday as the widening U.S.-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region. Brent crude futures were... Read More.

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Current Weather

Paramount’s $110 billion Warner Bros deal likely to secure FCC backing, FT reports

Airline ticket prices soar on Asia-Europe routes after Gulf airport closures

Stock slide as Middle East air war fans inflation fears

Apollo, Leon Black sued for allegedly concealing Epstein business ties from shareholders

S&P may cut Berkshire-owned PacifiCorp utility to junk because of wildfires

Blackstone’s $82 billion private credit fund sees net outflows

China’s economic ambitions hit limits to growth as its national congress meets

Airline stocks extend falls as fuel price uncertainty weighs

Oil rises as expanding US-Israeli conflict with Iran elevates supply risks

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