News

News of the day for April 22, 2025

PARIS (Reuters) -The Paris court of appeals ruled on Tuesday the French market watchdog must reconsider whether a mandatory buyout offer is or was necessary when the former media conglomerate Vivendi completed its multibillion-euro split last year. Last December Vivendi spun off its Canal+, Louis Hachette and Havas businesses, which are now listed as standalone companies in London, Paris and Amsterdam respectively. The breakup was championed by Vivendi's largest shareholder Bollore SE, the holding company of French billionaire Vincent Bollore.

Cryptocurrency is among the most volatile asset classes that investors can pursue. For some, the thrilling highs and terrifying lows can be too stomach-churning a ride for their hard-earned dollars....

Shares of the financial insights company, best known for rating the creditworthiness of corporate and government bonds, fell 2% before the opening bell. The forecast cut comes as fears of disruption from fluctuating U.S. trade policy have led companies to pause debt issuance. In the reported quarter, however, profit attributable to the company grew 8% to $625 million, or $3.46 per share, compared with $577 million, or $3.15 per share, a year ago.

Satellite communications provider reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 5.4% year on year to $214.9 million. Its GAAP profit of $0.27 per share was 27% above analysts’ consensus estimates.

(Reuters) -Canada's main stock index rose on Tuesday, as investors took a breather after the previous session's decline that was triggered by U.S. President Donald Trump's recent attacks on Federal Reserve Chair Jerome Powell. The Toronto Stock Exchange's S&P/TSX Composite Index rose 1.2% to 24,285.17 points, its highest level since April 3. However, investors remained concerned about a market turmoil if Trump followed through on his threats to fire Powell, analysts said.

Verizon Communications stock fell Tuesday after a wider-than-estimated drop in phone subscribers outweighed first-quarter results that topped analysts' expectations.

OSLO (Reuters) -The board of Norway's Equinor must explain how the company's plan to raise oil and gas production aligns with its stated commitment to the Paris agreement on curbing climate change, a group of minority shareholders said on Tuesday. Equinor, which is 67% government owned, this year joined the likes of Shell and BP in promising higher petroleum output while scaling back investment in renewables. In a resolution to be voted on at Equinor's May 14 annual general meeting, the minority owners said there were "material inconsistencies" between the company's climate strategy and the policy expectations expressed by its majority shareholder.

Security and aerospace company Northrop Grumman (NYSE:NOC) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 6.6% year on year to $9.47 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $42.25 billion at the midpoint. Its GAAP profit of $3.32 per share was 46.7% below analysts’ consensus estimates.

Gold hit a record $3,500 per ounce for the first time early Tuesday as President Donald Trump's renewed attacks on Federal Reserve Chair Jerome Powell unnerved markets and sent investors into safe-haven assets.