As the battle ends for one media behemoth, one begins for another. Last week, media legend and Disney (DIS) guru Bob Iger successfully defeated a months-long corp by activist investor Nelson Peltz. Meanwhile at Paramount (PARA), media is fielding multiple bids and has entered into exclusive merger talks with Skydance. With Disney’s proxy battle now finally behind it and Paramount’s sale well on the horizon – one thing is clear. Changes are coming. Watch Yahoo Finance every morning from 9 a.m.-12 p.m. ET and afternoon from 3-5 p.m. ET to keep up with the latest news about your favorite streamers. Disclosure: Yahoo Finance is owned by Apollo Global Management.
As the battle ends for one media behemoth, one begins for another. Last week, media legend and Disney (DIS) guru Bob Iger successfully defeated a months-long corp by activist investor Nelson Peltz. Meanwhile at Paramount (PARA), media is fielding multiple bids and has entered into exclusive merger talks with Skydance.
With Disney’s proxy battle now finally behind it and Paramount’s sale well on the horizon – one thing is clear. Changes are coming.
Watch Yahoo Finance every morning from 9 a.m.-12 p.m. ET and afternoon from 3-5 p.m. ET to keep up with the latest news about your favorite streamers.
Disclosure: Yahoo Finance is owned by Apollo Global Management.
Investor's Business Daily
Western Midstream Partners is a top dividend stock, boasting an annualized yield of 6.5%. The company has been steadily raising its quarterly dividend, or "distribution," most recently lifting it from 56.25 cents in October. Western Midstream's dividend produced a compound annual growth rate of 22% over the last three years, according to Dividend.com.
Barrons.com
Shares of Luminar Technologies were falling for the second day in a row following a downgrade from BofA Securities. Analysts led by John Babcock on Wednesday downgraded Luminar to Underperform from Neutral and cut their target for the price to $1.20 from $3.50. Luminar stock tumbled 8.3% on Wednesday.
Associated Press Finance
A Vietnamese real estate tycoon was sentenced to death Thursday in the country's biggest ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation. Truong My Lan, a high-profile businesswoman who chaired a sprawling company that developed luxury apartments, hotels, offices and shopping malls, was arrested in 2022. Death sentences are not uncommon in Vietnam, but it is rare in financial crime cases and for someone this well known.
Bloomberg
(Bloomberg) -- Amazon.com Inc. joined fellow technology behemoths Meta Platforms Inc., Microsoft Corp., and Nvidia Corp. in setting a fresh record as the e-commerce and cloud computing giant’s shares extended gains. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussia Destroys Largest Power Plant in Ukraine’s Kyiv RegionChinese Cement Mak
Reuters
The U.S. Securities and Exchange Commission, the Office of the Comptroller of the Currency (OCC) and other Treasury Department offices are involved, the report said. Morgan Stanley's wealth management unit caters to high net-worth individuals and small to medium-sized businesses, providing them with brokerage, custody, investment advisory and financial planning services.
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