Tag: Business
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Stocks making the biggest moves midday: Comcast, Charter Communications, Rocket Lab, Alphabet, Verizon & more
These are the stocks posting the largest moves midday.
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Dollar slips, yen tumbles to 40-year low
NEW YORK, June 29 : The dollar edged lower on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of Federal Reserve interest rate hikes, and a continuing AI-driven boom in U.S. equity markets that has been drawing in capital at a rapid pace.The Japanese yen
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NBCUniversal to be split from Comcast in latest media shakeup
June 29 : Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation.Shares of the company rose nearly 8 per cent on Monday
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Lucky Strike maker BAT to axe 5,500 jobs worldwide in €695m cost drive
British American Tobacco is cutting 5,500 jobs across the globe and handing thousands more roles to outside contractors, as the cigarette giant races to strip out costs and pivot towards vapes and nicotine pouches.
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Oil rises on US-Iran strikes; gains capped by shipping hopes
LONDON, June 29 : Oil rose almost 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal while expectations of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iran and the U.S. agreed to renew talks over the strait, rais
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Comcast to split cable business from media in NBCUniversal, Sky spinoff
June 29 : Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation.Shares of the company surged 22 per cent in premarket
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Comcast splitsville, fragile Iran truce, Kohl’s comeback and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Rocket Lab to buy satellite communications firm Iridium in $8 billion deal
June 29 : Rocket Lab said on Monday it would acquire satellite communications provider Iridium Communications in a cash-and-stock deal valued at about $8 billion, marking one of the biggest consolidation moves in the commercial space industry.Iridium shareholders will receive $27 in cash and Rocket Lab shares
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