Stocks

By Rebecca Rubin LOS ANGELES (Variety.com) – Add another notch on “Spider-Man: No Way Home’s” long list of box office achievements. Over the weekend, Sony (NYSE:SONY)’s comic book adventure became the sixth-highest grossing movie in history with $1.69 billion at the global box office (not adjusted for inflation). It passed “Jurassic World” ($1.67 billion) and… More

By David Randall NEW YORK (Reuters) -Expectations of rising interest rates are bolstering the shares of regional banks, as a tumble in technology stocks pushes investors to search for assets that could thrive amid higher yields and tighter Federal Reserve policy. The SPDR S&P Regional Banking (NYSE:KRE) ETF was up 2% year-to-date on Friday afternoon,… More

By Mathieu Rosemain PARIS (Reuters) -Orange, France’s biggest telecoms operator, is on course to name Christel Heydemann as its new chief executive, making her the first woman to lead the former monopoly amid a revamp of its governance, two sources said on Sunday. Few women hold top executive roles at France’s biggest listed companies. Heydemann… More

By Michael Nienaber and Giuseppe Fonte BERLIN/ROME (Reuters) – Germany’s flagship carrier Lufthansa is in talks to buy a 40% stake in state-owned Alitalia’s successor ITA Airways, two people familiar with the negotiations said on Sunday, following a newspaper report that a deal could be unveiled next week. The talks about a tie-up between Germany’s… More

PARIS (Reuters) – Verizon (NYSE:VZ) Chief Revenue Officer Frank Boulben has written to the board of Orange withdrawing from the race to head the French telecom firm, Le Figaro reported on Saturday. Sources told Reuters earlier this month that Boulben was one of three people on a shortlist of possible candidates. The others are Orange’s… More

MILAN (Reuters) – Germany’s Lufthansa is set to buy a 40% stake in state-owned Alitalia’s successor ITA Airways and a deal could be unveiled next week, Italian daily Il Foglio reported on Saturday. ITA Airways started flying on Oct. 15 with nearly 2,300 employees and a fleet less than half the size of that operated… More

NEW YORK (Reuters) – Activision Blizzard Inc (NASDAQ:ATVI) has fired or pushed out more than three dozen employees and disciplined another 40 since July to address allegations of sexual harassment and other misconduct at the videogame company, the Wall Street Journal reported on Monday. Activision was scheduled to release a summary of these actions before… More

BEIRUT (Reuters) – An investigation into the devastating 2020 explosion at Beirut port, which has struggled to make progress amid resistance from top politicians, may face a further obstruction to its work that could leave the probe in limbo by preventing any indictments. Judge Tarek Bitar’s investigation into the massive blast, which killed more than… More

By David Shepardson WASHINGTON (Reuters) -The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis on Wednesday when AT&T (NYSE:T) and Verizon (NYSE:VZ) are set to deploy new 5G service. The airlines warned the new C-Band 5G service could potentially make a significant number of widebody… More

By Marc Jones and Andrew Galbraith SHANGHAI/LONDON (Reuters) -China’s biggest homebuilder by sales, Country Garden, scooped up $10 million of its own bonds on Monday as the country’s ongoing property crisis sent then sprawling again. Last week was the worst on record for Country Garden’s bonds and fresh falls of up to 17 points on… More

By Oliver Hirt, Sumeet Chatterjee and John O’Donnell ZURICH/FRANKFURT/HONG KONG (Reuters) – After taking over as chairman of Credit Suisse (SIX:CSGN), Antonio Horta-Osorio pledged to develop a culture of personal accountability at the Swiss bank following a string of scandals. That promise ultimately sealed his fate as he was forced to resign after barely eight… More

By Sam Boughedda Investing.com — General Motors Company (NYSE:GM) announced Tuesday that it is launching CarBravo, an online used vehicle dealership. The site is expected to launch in the spring, with GM saying it will give used vehicle customers access to an “expansive territory, an omnichannel shopping experience and exclusive ownership benefits.” As well as GM… More

By Julia Love SAN FRANCISCO (Reuters) -The U.S. National Labor Relations Board said on Tuesday that it will send unionization ballots to workers at an Amazon.com Inc (NASDAQ:AMZN) warehouse in Bessemer, Alabama on Feb. 4, setting the stage for the next labor contest facing the online retailer. Votes in the mail-ballot election, which is a… More

Investing.com – Germany stocks were higher after the close on Tuesday, as gains in the Consumer & Cyclical, Technology and Retail sectors led shares higher. At the close in Frankfurt, the DAX rose 1.10%, while the MDAX index climbed 0.61%, and the TecDAX index gained 1.61%. The best performers of the session on the DAX… More

By Maria Chutchian (Reuters) -The Boy Scouts of America fell short of winning the support it sought from sex-abuse victims for a nearly $2.7 billion settlement that could bring the organization out of bankruptcy, according to court papers. The proposed settlement of more than 82,000 claims of childhood sexual abuse earned the support of just… More