Netflix (NFLX) stock slid as much as 8% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street. On Thursday, Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion. […]
Tag: scrap
Russia and China trade new copper disguised as scrap to skirt taxes, sanctions
(Reuters) – Russian Copper Company (RCC) and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap, three sources familiar with the matter told Reuters. Copper wire rod was shredded in the remote Xinjiang Uyghur region by an intermediary to make it hard […]
Hedge fund Barington urges Paramount to scrap talks with Skydance
By Svea Herbst-Bayliss and Dawn Chmielewski NEW YORK (Reuters) – Hedge fund Barington Capital on Friday urged Paramount Global to scrap its exclusive merger talks with Skydance Media, arguing all shareholders would benefit if the company looked at other potential bidders. The New York-based hedge fund, which owns 325,000 shares in Paramount, has joined a […]
East EU’s Top Utility Gets Relief as Czechs Scrap Split Plan
(Bloomberg) — Czech lawmakers scrapped a proposal designed to help the government revamp dominant electricity utility CEZ AS, ending a yearlong tussle with investors that have weighed on the share price. Most Read from Bloomberg While the lower chamber of parliament approved a bill on corporate overhauls on Wednesday, it voted to remove a contested […]
Spain to scrap ‘golden visas’ for foreign investors
Spain will scrap its so-called “golden visa” program granting residency rights to foreigners who make large investments in real estate in the country, Prime Minister Pedro Sanchez told reporters on Monday. Ending the scheme would help make access to affordable housing “a right instead of a speculative business,” Sanchez said. The program awards non-EU citizens […]
Spain will scrap ‘golden visas’ that allow wealthy non-EU residents to stay if they buy real estate
MADRID (AP) — Spain’s government said Monday it plans to scrap so-called “golden visas” that allow wealthy people from outside the European Union to obtain residency permits on investing more than half a million euros (dollars) in real estate. Socialist Prime Minister Pedro Sánchez said his minority coalition government would study the reform in the […]
Spain will scrap ‘golden visas’ that allow wealthy non-EU residents to stay if they buy real estate
MADRID (AP) — Spain’s government said Monday it plans to scrap so-called “golden visas” that allow wealthy people from outside the European Union to obtain residency permits on investing more than half a million euros (dollars) in real estate. Socialist Prime Minister Pedro Sánchez said his minority coalition government would study the reform in the […]
Everton end long wait for win to land hammer blow on Burnley in relegation scrap
Everton secured a first Premier League win since December over 10-man Burnley to boost their survival hopes and deal a hammer blow to the struggling Clarets. Dominic Calvert-Lewin’s luck appears to have finally changed as his goal gave Sean Dyche’s side a first win in 14 league matches. The forward, who ended his six-month wait […]
UN calls on Rishi Sunak to scrap Rwanda plan
British prime minister Rishi Sunak has been urged to abandon his Rwanda scheme by a United Nations human rights watchdog. Mr Sunak hopes to get planes carrying asylum seekers on a one-way trip to Rwanda in the air this spring, but the legislation is still held up in Parliament. The United Nations Human Rights Committee […]
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Exclusive-Pressure mounts on Ukraine to scrap ‘sponsors of war’ blacklist
By Tom Balmforth and John O’Donnell LONDON/BERLIN (Reuters) – Ukraine could dismantle within days its “sponsors of war” blacklist, central to Kyiv’s campaign to expose companies doing business with Russia, after a backlash from countries including China and France, two people familiar with the matter said. The blacklist has no legal standing, but has been […]
Investor Nelson Peltz blasts CEO Bob Iger in 133-page activist memo—To ‘restore the magic,’ Disney needs to scrap sequels and reclaim the lead on animated films
Activist investor Nelson Peltz published 133 pages worth of ideas on how to improve Disney, but it might take a little luck to convince shareholders at the company’s annual meeting next month that he and an ally should be added to the board. Peltz’s Trian Fund Management LP is one of two activist investors seeking […]