HSBC Profit Surges in First Quarter on Interest Income, Accounting Gains
The bank announced its first quarterly dividend since 2019.
BP Profit Slows, but Beats Views
BP reported a first quarter underlying replacement cost profit of almost $5 billion, and said it planned to launch an additional $1.8 billion share buyback.
First Republic Bank Is Seized and Bulk Sold to JPMorgan
The deal will see JPMorgan take on all of First Republic’s $92 billion in deposits and buy most of its assets, including about $173 billion in loans and $30 billion in securities.
Investors Sue Adidas Over Kanye West Collaboration
The lawsuit said the company misled shareholders by hiding details of the artist’s antisemitic behavior; Adidas rejected the claims.
Ron DeSantis’s Oversight Board Sues Disney
The lawsuit marks the latest salvo in the escalating battle between the company and Florida Gov. Ron DeSantis.
Vice Media Prepares to File for Bankruptcy
Move would mark a major fall from grace for the once-hot media startup. Chapter 11 would allow the company to sell itself.
Qantas Says Next CEO Will Be Vanessa Hudson
UPDATED: Australia’s biggest airline, Qantas Airways, said Vanessa Hudson, the company’s current chief financial officer, will become its new chief executive in November.
Hollywood Writers to Strike After Talks Break Down
Late-night and variety shows are expected to be the first to feel the effects of a strike.
Measurement Messiness Complicates TV’s Annual Sales Season
Despite progress in new kinds of audience metrics, Nielsen’s old-school viewer panel will remain the mode of choice for this year’s TV upfront buying season.
Microsoft’s Activision Deal Is No Longer Just About Activision
The expansive reasoning of the U.K.’s decision to block Microsoft’s takeover of Activision Blizzard threatens to put other tech and game deals at risk.
Source: Dow Jones Newswires