Business

Exclusive-Netflix has ample room to increase its offer in battle for Warner Bros, sources say

Thursday, February 19 by SRN News

By Amy-Jo Crowley and Milana Vinn Feb 19 (Reuters) - Netflix has ample cash and could increase its offer for HBO Max owner Warner Bros Discovery if rival bidder Paramount Skydance ups its own offer, two people with knowledge of the matter said. The two... Read More.

Used-car retailer Carvana shares tumble as vehicle reconditioning costs climb

Thursday, February 19 by SRN News

By Johann M Cherian and Nathan Gomes Feb 19 (Reuters) - Carvana's shares fell about 8% on Thursday as rising expenses to recondition vehicles and depreciation dented the online used-car retailer's fourth-quarter profit. Persistent inflation and tariff-related price hikes of new cars in the U.S. have... Read More.

Renault forecasts 2026 margin drop as price pressure dents profit

Thursday, February 19 by SRN News

By Gilles Guillaume and Dominique Patton PARIS, Feb 19 (Reuters) - Renault Group forecast lower margins for 2026 on Thursday as it reported a 15% fall in operating profit last year, denting its shares as the French carmaker grapples with growing price pressure from Chinese... Read More.

Exclusive-Bain Capital explores sale or IPO of Dessert Holdings, sources say

Thursday, February 19 by SRN News

By Abigail Summerville Feb 19 (Reuters) - Bain Capital is considering a sale or initial public offering of its portfolio company Dessert Holdings that could value the maker of cakes, pies and cookies at over $3 billion, according to three people familiar with the matter.... Read More.

Solar industry accelerates shift from silver as costs soar

Thursday, February 19 by SRN News

By Anushree Mukherjee Feb 19 (Reuters) - Solar panel producers are intensifying efforts to replace silver with alternatives such as copper after silver rallied 130% over the past year, squeezing margins already under pressure from production overcapacity, particularly in China, industry experts said. "Silver is the... Read More.

Nippon Steel sees better year ahead for US Steel, no capacity cuts needed, CFO says

Thursday, February 19 by SRN News

TOKYO, Feb 20 (Reuters) - Nippon Steel sees no need to cut capacity at U.S. Steel and expects the business to contribute to earnings in fiscal 2026, up from zero this year, helped by stronger steel prices and technology transfer, Chief Financial Officer Takahiko... Read More.

Visa locks in a 4-year Red Bull F1 extension through 2030, expanding branding and access

Thursday, February 19 by SRN News

Visa entered Formula 1 in 2024 with Red Bull Racing its first new global sports sponsorship agreement in 15 years. But it was a bumpy launch as its entry came with a name mocked as one of the worst in motorsports history. Didn't matter to... Read More.

Modi’s AI summit turns awkward as tech leaders Sam Altman and Dario Amodei dodge contact

Thursday, February 19 by SRN News

NEW DELHI (AP) - Indian Prime Minister Narendra Modi on Thursday invited leaders of some of the top artificial intelligence companies to gather on stage as part of a commitment to build more "inclusive and multilingual" AI around the world. And they did. But what... Read More.

US civil rights agency sues Coca-Cola distributor for excluding men from casino work trip

Thursday, February 19 by SRN News

The U.S. federal agency that enforces workplace civil rights is suing a regional Coca-Cola bottler for sex discrimination, alleging the company discriminated against male employees by only inviting women to a company-sponsored networking event. The U.S. Equal Employment Opportunity Commission filed the lawsuit on... Read More.

Met Opera’s 2026-27 season has 17 productions, its fewest in at least 60 years

Thursday, February 19 by SRN News

NEW YORK (AP) - Despite encouraging box office figures for the season's first half, the financially strapped Metropolitan Opera scaled back its 2026-27 schedule with its fewest productions in at least 60 years. The Met announced Thursday it will present 17 productions, its lowest total... Read More.

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Current Weather

Exclusive-Netflix has ample room to increase its offer in battle for Warner Bros, sources say

Used-car retailer Carvana shares tumble as vehicle reconditioning costs climb

Renault forecasts 2026 margin drop as price pressure dents profit

Exclusive-Bain Capital explores sale or IPO of Dessert Holdings, sources say

Solar industry accelerates shift from silver as costs soar

Nippon Steel sees better year ahead for US Steel, no capacity cuts needed, CFO says

Visa locks in a 4-year Red Bull F1 extension through 2030, expanding branding and access

Modi’s AI summit turns awkward as tech leaders Sam Altman and Dario Amodei dodge contact

US civil rights agency sues Coca-Cola distributor for excluding men from casino work trip

Met Opera’s 2026-27 season has 17 productions, its fewest in at least 60 years

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