its strategic review in response to receiving “significant inbound interest from multiple strategic and financial sponsor parties at attractive premiums to the market price of its shares.”
Also on Tuesday, D&D confirmed that there will be a showdown at its Dec. 17 annual meeting, after formally accepting a revised notice by activist shareholder Engine Capital LP to nominate an alternative slate of directors. D&D on technical grounds, saying it failed to provide adequate detail regarding the circumstances under which the hedge fund became involved as a dissident and or whether it was acting with others.
Earlier this week, the Wall Street Journal reported Mr. Trump was meeting privately with the crypto exchange CEO Brian Armstrong, further aiding sentiment. Comcast will retain some NBC entertainment, sports and news properties, along with the Peacock streaming service, its theme parks as well as film and television studios.
Mark Lazarus, who currently serves as the chairman of NBCUniversal’s media group, will lead the new venture as CEO, while Anand Kini, who served as CFO of NBCUniversal, will be the operating chief and finance head of the new company. Nvidia’s dominant AI position has catapulted its share price and led to an astonishing financial performance. For its fiscal third quarter, the company is expected to post net income of US$18.4-billion as revenue jumped over 80 per cent to US$33-billion, according to LSEG data.
Metro executives had previously said that higher-than-usual expenses related to investments in its supply chain would weigh on net earnings this fiscal year. That has included transitions to new automated distribution centres in Quebec and Ontario, which are now complete. The U.S. retailer now expects flat comparable sales in the fourth quarter and a profit of US$1.85 to US$2.45 per share. Analysts on average had expected a 1.64-per-cent rise in sales and profit of US$2.66 per share.
Lingering weakness in higher-margin categories such as home decor, electronics and furniture has hurt Target this year, as shoppers watch their budgets in the face of still-high inflation. “We encountered some unique challenges and cost pressures that impacted our bottom-line performance,” Target CEO Brian Cornell said.
Premium travel has been on the rise since the pandemic, with consumers preferring to pay extra dollars for amenities such as more comfortable seats. That opens up avenues for the carrier to grow revenue through non-ticket sources such as airline-branded credit card fees, checked bags and extra legroom.
Retailers including TJX, Walmart and Amazon have rolled out deals on everything from toys to household items earlier than usual this holiday shopping season as they are locked in a battle for penny-pinching shoppers.
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