ROME (Reuters) – Italian Sea Group is not liable in relation to the fatal sinking of Mike Lynch’s superyacht, which killed the British tech billionaire and six others, its chief executive said on Tuesday. The Bayesian was built in 2008 by Perini Navi, an Italian luxury yacht maker that is now owned by the Milan-listed Italian Sea Group. The yacht sank in August after it was hit by a violent
OTTAWA (Reuters) -Canadian Labour Minister Steven MacKinnon said on Tuesday he had directed the country’s labor relations board to order an end to disputes at the ports of Vancouver and Montreal, citing the economic damage inflicted. The move marked the second time in a few months that the Liberal government has stepped in to end a dispute. In August it ordered an end to work stoppages at the country’s two
(Reuters) -Netflix said on Tuesday its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about six months earlier as customers seek more affordable options. The plan, priced at $6.99 per month in the U.S., now accounts for more than half of all new Netflix (NASDAQ:) sign-ups in regions where it is available. It reached 40 million global monthly active users in May. Netflix’s cheapest plan
(Reuters) – The U.S. Justice Department is moving to block UnitedHealth Group (NYSE:)’s $3.3 billion purchase of Amedisys Inc (NASDAQ:). over concerns the deal would harm competition in the market for home health services, Bloomberg News reported on Tuesday, citing people familiar with the matter. Source link
(Reuters) -Tyson Foods beat Wall Street expectations for fourth-quarter results on Tuesday, as lower costs and strong demand for its pork and beef products helped offset slowdown in the chicken segment, sending its shares up 6% before the bell. More people are cooking at home rather than dining out due to higher food prices, which is helping Tyson Foods (NYSE:) that has been enjoying a rebound in demand for pork
(Reuters) -Home Depot raised its annual same-store sales forecast on Tuesday, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations. The top U.S. home improvement retailer’s shares, up 18% this year, rose 2% in premarket trading as it posted a smaller-than-expected drop in third-quarter comparable sales. “As weather normalized, we saw better engagement across seasonal goods and certain outdoor projects as
ZHUHAI, China (Reuters) -COMAC said on Tuesday that Air China (OTC:) was the first customer for the Chinese planemaker’s C929 widebody aircraft under development that is designed to compete with twin-aisle models from Airbus and Boeing (NYSE:). COMAC’s deputy director of marketing, Liu Yan, made the announcement at China’s biggest air show in Zhuhai. Liu did not disclose the number of aircraft that Beijing-based Air China would purchase or planned
TOKYO (Reuters) – Nissan (OTC:) Motor shares jumped as much as 20.6% on Tuesday after a filing showed an entity related to activist investor Effissimo Capital Management had taken a stake in the struggling Japanese automaker. In a regulatory filing on Monday, Nissan listed Cayman Islands-registered ECM Master Fund as a shareholder with a 2.5%stake as of end-September. ECM Master Fund is affiliated with Effissimo, according to SEC filings. Source
HONG KONG (Reuters) – Lui Che Woo, the casino tycoon who helped propel Macau to eclipse rival Las Vegas in gambling revenues, has died at the age of 95, his company said in a statement late on Monday. Lui, chairman of Macau casino company Galaxy Entertainment (OTC:), died in Hong Kong on Nov. 7, it said, adding that his “vision, tremendous leadership and guidance” were the foundation for the group’s
(Reuters) – Singapore’s Grab Holdings (NASDAQ:) raised its forecast for fiscal 2024 revenue on Monday, as it anticipates robust growth in its food delivery and ride-hailing businesses. U.S.-listed shares of the company rose 9% in extended trading. The company expects revenue in the range of $2.76 billion to $2.78 billion, compared with its prior projection of between $2.70 billion and $2.75 billion. Its mainstay food delivery business has been recovering
