Stocks News

By Lisa Richwine LOS ANGELES (Reuters) – Hollywood television and movie writers wrap up a critical vote this week as they push media companies to raise their pay or face a strike that would disrupt an industry recovering from the pandemic and under pressure to make

By Essi Lehto HELSINKI (Reuters) – Finland’s much-delayed Olkiluoto 3 (OL3) nuclear reactor, Europe’s largest, will begin regular output on Sunday, its operator said on Saturday, boosting energy security in a region to which Russia has cut gas and power supplies.

(Reuters) – A train carrying potentially hazardous materials derailed and caught on fire Saturday in a village in United States’ central Maine, CNN reported citing officials.

MOSCOW (Reuters) – Belarusian furniture company Swed House, which sells items intended to look like those made by Swedish giant IKEA, opened its first store in Moscow on Saturday to a mixed initial reaction from consumers.

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said banks are likely to tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve rate hikes, according to a CNN interview transcript released on Saturday.

By Chiara Elisei LONDON (Reuters) – Some holders of bonds issued by French food retailer Casino are working with financial adviser Perella Weinberg Partners to push for better terms should the company’s planned tie-up with smaller food firm Teract proceed, three sources familiar with the matter

(Reuters) – Rovio Entertainment, the company behind the mobile game Angry Birds, confirmed on Saturday that it is in talks with Japan’s Sega Sammy Holdings Inc over a possible tender offer.

By Valentina Za and Giulio Piovaccari MILAN (Reuters) – In 1977, a Ferrari owner offloaded his 1962 250 GTO because his wife complained it was too noisy, recounts Andrea Modena, head of Ferrari’s classic car division. It was either her or the car.

By John Revill and Noele Illien ZURICH/BERN (Reuters) – Switzerland’s tradition of dependable consensus politics has taken a battering after the government used an emergency law to push through a state-backed mega-merger of UBS and Credit Suisse, sidelining the country’s parliament.

NEW YORK (Reuters) – Societe Generale SA agreed to pay $105 million to settle U.S. investor litigation accusing the French bank of violating antitrust law by conspiring with rivals to rig Euribor, a key European interest rate benchmark.

By Hannah Lang, Chris Prentice and Ann Saphir

NEW YORK (Reuters) – With quarterly U.S. earnings just getting under way Friday with upbeat results from JPMorgan Chase & Co and other banks, estimates for the first quarter have improved slightly from a week ago, according to Refinitiv data released Friday.

(Reuters) – Billionaire Elon Musk is working on launching an artificial intelligence start-up that will rival ChatGPT-maker OpenAI, the Financial Times reported on Friday citing people familiar with his plans.

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc’s hiring of Andy Sieg, the incoming head of its wealth management unit, underscores the lender’s ambitions in the business as well as the uphill climb it faces in gaining share in a competitive market.

(Reuters) – Boeing Co’s shares fell 4.5% in premarket trading on Friday after the U.S. planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem by Spirit AeroSystems.

By Nupur Anand, Tatiana Bautzer and Saeed Azhar

(Reuters) – Futures for Canada’s commodity-heavy stock index edged up on Friday, tracking a rise in crude prices, while upbeat earnings from big U.S. banks supported optimistic investor mood.

By Wayne Cole SYDNEY (Reuters) – Asian shares firmed on Friday as Singapore became the latest country to pause its policy tightening and markets became more confident the likely next hike in U.S. rates would be the last this cycle.

By Steve Stecklow, Waylon Cunningham and Hyunjoo Jin

By Hilary Russ and Katherine Masters NEW YORK (Reuters) – Tupperware’s financial woes follow a proliferation of free restaurant to-go boxes after a pandemic-era surge in delivery and carryout orders, and an onslaught of competition from cheaper food storage containers like Clorox’s GladWare.