Paramount CEO David Ellison is considering relocating CBS News out of New York City as part of a legal strategy in his dispute with New York and California attorneys general. The move aims to pressure California AG Rob Bonta, who leads a coalition opposing Paramount's $110 billion acquisition of Warner Bros. Discovery. Paramount’s board has also approved a plan to move its Hollywood studio out of California if settlement talks fail. Ellison may shift news operations to Atlanta, and the potential sale of CBS News’ broadcast center could generate billions. The legal battle continues with no formal talks, while Paramount faces a $7 million daily penalty if the merger is delayed past October 1.
Oracle reported strong fiscal 2026 results with 17% revenue growth to $67 billion and a 36% net income increase, driven by a 75% surge in its cloud infrastructure segment. Despite a recent 55% stock price drop from its peak, Morgan Stanley raised Ora...
Lululemon Athletica's shares fell about 18% after the company lowered its full-year financial forecast for the second time, reflecting ongoing challenges. In Q2 2026, total net revenue dropped 4% to $2.40 billion, with a 10% fall in comparable sales ...
UiPath reported strong fiscal Q2 results with $410.26 million revenue and 12% ARR growth, beating estimates. However, analyst caution arises from its high valuation, modest growth compared to AI-focused peers, and recent insider selling by CEO and ex...
DynaResource's Mexican subsidiary, DynaMéxico, received approximately $4 million in cash from Mexico's tax authority as a refund for approved value-added tax (VAT) credits from early 2025. This payment marks the first VAT refund since 2023 and is par...
Lululemon's stock fell 20% to $97.85 after the company cut its full-year earnings guidance for the second time in 2026, citing weaker demand and a slow start to Q3. The athletic apparel retailer reported a 10% drop in Q2 comparable sales, with leggin...
