Category: Reports
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Group claiming CDK systems hack demands millions of dollars, Bloomberg News reports By Reuters
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(Reuters) – A group of hackers who claimed responsibility for a cyberattack on CDK software systems demanded a multimillion-dollar ransom to put an end to the hack that affected auto dealers across the United States, Bloomberg News reported on Friday. The group behind the attack is believed to be based…
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Britons Curb Spending Despite Drop in Grocery Inflation, Reports Kantar
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Britons have cut back on their supermarket shopping and traditional summer purchases due to recent bad weather, despite a further decline in grocery price inflation, according to a report by Kantar. In the four weeks to June 9, supermarket prices were 2.1% higher than a year ago, down from the…
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Carlyle explores sale of electric power producer Cogentrix, FT reports By Reuters
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(Reuters) – Private equity firm Carlyle has hired advisers to study a sale of Cognitrix that could value the North Carolina-based energy producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people familiar with the matter. Carlyle is also selling other energy assets…
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Volvo shifting EV production to Belgium to evade China tariffs, The Times reports By Reuters
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(Reuters) – Volvo Cars has begun moving production of Chinese-made electric cars to Belgium in the hope that the European Union will press ahead with a crackdown on Beijing-backed imports, The Times newspaper reported on Saturday. The newspaper, quoting informed sources in the company, said that Volvo, whose majority shares…
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Cineworld plots sale of some UK cinema operations, Sky News reports By Reuters
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(Reuters) – Cineworld is in talks about a potential sale as part of a strategic review that could lead to a comprehensive restructuring of its business, Sky News reported on Saturday, citing unidentified sources. The operator and owner of brands such as Regal, Cinema City, Picturehouse and Planet has appointed…
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US lawmakers call to add China’s CATL, Gotion to import ban list, WSJ reports By Reuters
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(Reuters) – A group of Republican lawmakers said Chinese battery companies CATL and Gotion High Tech should immediately be added to a U.S. import ban list, alleging their supply chains use forced labor, the Wall Street Journal reported. Lawmakers called for CATL and Gotion, which have ties to Ford (NYSE:)…
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BlackRock, Citadel-backed group to start new national stock exchange in Texas, WSJ reports By Reuters
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(Reuters) – A group backed by BlackRock Inc (NYSE:) and Citadel Securities Inc. plans to start a new national securities exchange in Texas, the Wall Street Journal reported on Tuesday. The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange…
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Interactive Brokers Reports 27% Increase in Daily Average Revenue Trades for May
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Interactive Brokers reported mixed results for its brokerage business in May. Trading volumes remained stable compared to April, but client assets witnessed a significant increase. Daily average revenues for trades (DARTs), a key measure of brokerage activity, remained flat at 2.36 million compared to April but were up 27% year…
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Reservoir Media reports record revenue, eyes M&A growth By Investing.com
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Reservoir Media (RSVR) announced robust financial performance for the fourth quarter and full fiscal year 2024, achieving record-setting total revenue and operating income. The company witnessed an 18% year-over-year increase in revenue for the fiscal year, with its music publishing and recorded music segments growing by 15% and 22% respectively.…
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Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports By Reuters
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(Reuters) – Skydance Media last week revised its offer to Paramount Global to buy up to a certain number of non-voting Paramount shares at $15 each, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The new proposal values Paramount B shares at a roughly 26%…
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Live Nation reveals ‘a criminal threat actor’ offered to sell Ticketmaster data on the dark web, while reports say hackers seek $500,000 for customer info
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Live Nation is investigating a data breach at A subsidiary of Ticketmaster,Which dominates ticketing for live events in the United States. On May 27, a “criminal threat actor” offered to sell Ticketmaster data on the dark web, Live Nation, based in Beverly Hills, California, said in a regulatory filing on…
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El Al reports best-ever results in company’s history
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El Al Israel Airlines Ltd (level:AlThe Israeli airline continued to benefit from the war in the first quarter of 2024. The Israeli carrier achieved profits of $80.5 million in the first quarter of 2024 compared to a net loss of $34.4 million in the corresponding quarter of 2023. The financial…
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Ulta Beauty reports growth and updates full-year outlook By Investing.com
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Ulta Beauty, Inc. (NASDAQ:) reported a 3.5% increase in net sales reaching $2.7 billion in the first quarter of 2024, with comparable sales growing by 1.6%. Despite a challenging environment, the company showed resilience with an operating profit of 14.7% of sales and a diluted earnings per share (EPS) of…
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Over 450 Million USDT Worth Of Crypto Lost To Crypto Hacks And Rug Pulls In 2024, Reports ImmunFI
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Drum Image: Crypto News The cryptocurrency industry has faced a worrying trend in recent years, as cybercriminals are increasingly targeting decentralized finance (DeFi) projects and centralized exchanges through sophisticated hacking methods. According to a comprehensive report by security services provider Immunefi, the cryptocurrency ecosystem incurred a staggering $473 million in…
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NowVertical Group Reports First Quarter 2024 Financial Results
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published May 30, 2024 • 7 minute…
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Bitcoin Slumps Below $68,000 Amid Reports Of Mt. Gox Payouts
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Bitcoin price saw a 1.5% decline today, falling below the $68,000 level, after a brief peak near $70,600 yesterday. The decline follows the latest reports that Mt Gox, the once-dominant Bitcoin exchange that collapsed in 2014, has begun processing payments to its long-waiting creditors. This issuance of nearly 75,000 bitcoins,…
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Elon Musk plans xAI supercomputer, The Information reports By Reuters
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(Reuters) – U.S. entrepreneur Elon Musk recently told investors that his artificial intelligence startup xAI plans to build a supercomputer to run the next version of its chatbot Grok, The Information newspaper reported on Saturday, citing an investor presentation. Musk said he wants the proposed supercomputer up and running by…
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BlackRock pushed Anglo to extend talks with BHP, FT reports By Reuters
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(Reuters) – Anglo American has come under pressure from major shareholders including BlackRock (NYSE:) to extend talks with BHP Group (NYSE:) over a proposed £38.6 billion (49.18 billion) mining merger, the Financial Times reported on Saturday. Billion dollar). BHP, the world’s largest listed mining group, has until May 29 to…