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in BusinessUniversal Music Sheds $13 Billion in Market Cap After Streaming Revenue Disappoints
The file label behind Taylor Swift, Billie Eilish and Ariana Grande posted income development from subscriptions and streaming providers properly beneath what analysts had anticipated. More
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in BusinessGucci Owner Kering's Earnings Hit by Turnaround, China Woes
The French luxury-goods group mentioned it booked income of €9.02 billion, down 11% each as reported and on a comparable foundation in contrast with the year-earlier interval. More
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in BusinessT-Mobile to Spend $4.9 Billion to Buy Metronet in JV With KKR
T-Mobile stated it agreed to spend round $4.9 billion to kind a three way partnership with funding agency KKR to purchase fiber-optic web firm Metronet, in a bid to succeed in extra residential broadband customers. More
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in BusinessAMC Entertainment Expects Loss But Sees Signs of Improvement
AMC Entertainment expects to swing to a loss within the newest quarter within the wake of the extended Hollywood actors and writers strikes final yr, although it flagged a restoration in film going final month. More
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in BusinessWoodside Ready to Advance Driftwood LNG Selldown Talks
Woodside Energy is looking for to advance talks on the potential sale of a stake within the Driftwood LNG growth within the southern U.S. in parallel with efforts to finish a $900 million acquisition of the mission’s proprietor Tellurian. More
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