Musk to face questions on Tesla’s robotaxi bets on results day
By Akash Sriram and Abhirup Roy (Reuters) – Tesla (NASDAQ:TSLA)’s investors and analysts will get a chance to grill CEO Elon Musk on his robotaxi plans on Wednesday when the…
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Analysis-Can the new CVS CEO handle the Aetna challenge?
By Amina Niasse NEW YORK (Reuters) – As CVS Health (NYSE:CVS)’s new CEO David Joyner steps into the top job after Karen Lynch’s quick departure on Friday, Wall Street analysts…
Boeing exploring potential asset sales – WSJ
Investing.com — Boeing (NYSE:BA) is exploring potential sales of its assets as part of a bid to shore up its finances, according to The Wall Street Journal. Citing people familiar with…
CITIC to sell stake in McDonald’s China, HK operations for $430.3 million
(Reuters) -China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in the company that operates fast-food chain McDonald’s (NYSE:MCD) across China and Hong Kong for $430.3 million, fully…
GM, Ford brace for investor scrutiny over pricing power, EV losses
By Nathan Gomes and Nora Eckert (Reuters) – General Motors (NYSE:GM) and Ford Motor (NYSE:F) will likely have a tough time convincing investors when they report results that Detroit’s pricing…
Italian tech company Bending Spoons has eye on US for potential IPO
By Elvira Pollina MILAN (Reuters) – The head of Italy’s Bending Spoons says Milan is a great location for a start-up but he would probably favour New York were the…
Apple Intelligence unlikely to boost iPhone sales: Jefferies
Investing.com — Jefferies analysts expressed skepticism about Apple’s upcoming Apple Intelligence feature, suggesting it will not significantly boost iPhone 16 sales. Apple is expected to launch the feature with iOS 18.1…
Activist Elliott, Southwest Airlines to begin settlement discussions, Bloomberg News reports
(Reuters) -Elliott Investment Management and Southwest Airlines (NYSE:LUV) have begun discussing a potential settlement that would avoid a proxy fight for control of the airline’s board, Bloomberg News reported on…
GQG Partners sells BBVA stake over Sabadell hostile bid, FT reports
(Reuters) – GQG Partners, one of Spanish bank BBVA (BME:BBVA)’s biggest shareholders, has sold its stake over the bank’s decision to pursue a hostile bid for domestic rival Banco Sabadell,…
Eutelsat uses SpaceX rocket to launch first satellites after merger
By Supantha Mukherjee STOCKHOLM (Reuters) – Eutelsat, the world’s third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk’s SpaceX in its first…