Investing.com -- U.S. stock futures inch down ahead of a fresh batch of corporate earnings, including results from tech giant Amazon announces that Chief Executive Bob Bakish has stepped down even as talks continue over a possible merger between the entertainment group and David Ellison's SkyDance Media. Meanwhile, HSBC says that boss Noel Quinn will retire following an almost five-year tenure at the helm of the bank.U.S.
Meanwhile, for Amazon as a whole, analysts are predicting that stable online customer expenditures and the introduction of advertising into its Prime Video streaming service may have supported total returns during the first quarter. An ongoing cost-cutting push -- including further layoffs at AWS -- and a drive to reorganize Amazon's U.S. logistics network could also give some lift to profit margins, they noted.
Various media sources reported on Monday that Skydance has sweetened its bid to take control of Paramount, offering to inject $3 billion in the combined company that can used to pay down debt and repurchase stock.4. HSBC CEO Noel Quinn to retire Quinn led a major streamlining of HSBC’s operations during his tenure, most recently overseeing the sale of its Canadian and Argentine operations. He also led the bank in shifting its focus back onto its core consumer banking segments in Europe and Asia.
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