Category Archives:
US bankruptcy judge blocks NBA team Phoenix Suns’ new TV deal
By Dietrich Knauth NEW YORK (Reuters) - A U.S. bankruptcy judge on Wednesday blocked the NBA's Phoenix Suns from moving ahead with a television and streaming rights deal for its basketball games, sayi...
May 10, 2023
Grand jury files charges in connection with April shooting
PEORIA, Ill. – A Peoria man faced a host of weapons charges, among other counts, when he was arrested following a shooting incident last month. Instead, a Peoria County grand jury Wednesday only...
May 10, 2023
JPMorgan’s Dimon says debt ceiling standoff could cause panic – report
NEW YORK (Reuters) - JPMorgan Chase & Co's CEO Jamie Dimon said the congressional standoff over the U.S. debt ceiling, and a potential U.S. default, could create a financial panic, according to an int...
May 10, 2023
EU’s Vestager says ‘all options on the table’ after Lufthansa/SAS rulings
BRUSSELS (Reuters) - The European Union's top competition official on Wednesday said "all options" were on the table but did not indicate what her next steps could be after Lufthansa and SAS suffered ...
May 10, 2023
Explainer-What’s next for Trump after civil rape verdict?
By Jack Queen (Reuters) - A jury in Manhattan decided on Tuesday that former U.S. President Donald Trump must pay $5 million in damages for sexually abusing magazine writer E. Jean Carroll in the 1990...
May 10, 2023
Martin Shkreli-founded drug company files for bankruptcy
By Dietrich Knauth NEW YORK (Reuters) - Vyera Pharmaceuticals, which previously settled price-fixing charges that resulted in founder Martin Shkreli being banned from the pharmaceutical industry, file...
May 10, 2023
Beyond Meat reports smaller quarterly loss on cost cuts, higher demand
(Reuters) -Beyond Meat reported a smaller quarterly loss on Wednesday, benefiting from easing supply chain pressures, cost control measures and higher demand for its plant-based meat products, sending...
May 10, 2023
Disney cuts streaming losses, resurgent parks boost results
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) - Walt Disney Co reduced losses in its streaming media unit by more than $400 million from the prior quarter, the company said on Wednesday ...
May 10, 2023
Robinhood revenue surges as higher rates bolster interest income
(Reuters) - Robinhood Markets Inc reported a 47% jump in its first-quarter revenue on Wednesday, as the U.S. Federal Reserve's rapid rate hikes boosted the online brokerage's interest income. Higher i...
May 10, 2023
Nordstrom names Target veteran Cathy Smith as CFO
(Reuters) -Nordstrom Inc on Wednesday named former Target Corp CFO Cathy Smith as its new finance chief. Smith will take over from interim Nordstrom CFO Michael Maher on May 29. The U.S. retailer gets...
May 10, 2023
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