A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California.Justin Sullivan | Getty Images News | Getty ImagesThe last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very...
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Paramount and Skydance inch closer to a merger as key hurdle looms, sources say
Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone, according to people familiar with the matter.Paramount Global's special committee, in charge of accepting or rejecting transactions, and David Ellison's Skydance Media, backed by private equity...
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace, the Commerce Department reported Thursday.Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace when adjusted for seasonality and inflation,...
Kering shares sink 9% after profit warning on declining Gucci sales
The new Gucci store on Bond Street on 27th September 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesShares of French luxury group Kering sank more than 9% at open on Wednesday, after the company warned it expects a sharp downturn in first-half profits as a result of waning...
Oasis launches a campaign at Kao Corp, but this battle is likely to be a difficult one
In this photo illustration a Kao Corporation logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | Lightrocket | Getty ImagesCompany: Kao Corp (4452.T)Business: Japan-based Kao Corp manufactures and sells consumer and chemical products. It operates in five business segments. The hygiene and living care segment provides fabric, kitchen,...