Hurdles
By Deborah Mary Sophia, Akash Sriram and Kenrick Cai (Reuters) – Efforts by U.S. antitrust regulators to break up Alphabet (NASDAQ:) by forcing a sale of its Google Chrome browser and other proposals to limit its search dominance are likely to run into legal challenges on grounds the remedies are…
By Chris Kirkham (Reuters) – Tesla (NASDAQ:) CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a bold claim likely to face significant regulatory and technical challenges. “We think that we’ll be able to…
By Makiko Yamazaki TOKYO (Reuters) -The new classification of 7-Eleven’s parent company as “core” to Japanese national security will not raise hurdles to a potential buyout, Japan’s finance minister said on Tuesday, comments that appeared aimed at easing investor concerns about the move. “We can’t say the core classification makes…
By Tommy Reggiori Wilkes and Prinz Magtulis (Reuters) – UniCredit’s purchase of a stake in Commerzbank (ETR:) has fuelled speculation about further European banking consolidation, after this year’s hostile bid for Sabadell by Spain’s BBVA (BME:)’s. Supervisors in Europe have long supported the idea of more tie-ups – both within…
MOSCOW (Reuters) – Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Russian sources with direct knowledge of the issue told Reuters. Russian companies and officials for a few months have pointed…
Investing.com – Piper Sandler, a leading investment bank and institutional securities firm, has downgraded Dollar Tree Inc (NASDAQ:) from Overweight to Neutral, citing potential risks to earnings per share (EPS) in 2024 and 2025 due to execution and tariff-related issues. Year-to-date, Dollar Tree shares have already seen a significant downturn…
Jefferies’ latest report casts doubt on the anticipated expansion of EBIT margins for IT companies in FY25. The consensus expectation is an 80 basis points (bps) year-on-year (YoY) increase, reaching 20.3% for the sector. However, while there’s optimism for a significant 380bps improvement (240bps adjusted for one-off items) in Tech…
