Ferrari adds Roma to growing ‘Prancing Horse’ stable
Ferrari is set to roll out the Roma, a record fifth new model this year for the ‘Prancing Horse’, as it expands its stable to help sustain its profit and share price growth.
Brazil antitrust regulator to reassess Disney-Fox deal
Brazil’s antitrust regulator said on Wednesday it will reassess Walt Disney Co’s (DIS.N) $71 billion purchase of Twenty-First Century Fox (FOXA.O) because the divestiture requested by the regulator as a condition for the merger of U.S. media companies …
Facebook removes 3.2 billion fake accounts, millions of child abuse posts
Facebook Inc removed 3.2 billion fake accounts between April and September this year, along with millions of posts depicting child abuse and suicide, according to its latest content moderation report released on Wednesday.
Disney+ streaming exceeds expectations with 10 million sign-ups, shares surge
Walt Disney Co shares soared to a record high after the entertainment firm said its new streaming service, Disney+, had been met with “extraordinary consumer demand,” reaching 10 million sign-ups in its first day.
Wall Street higher as Fed’s Powell says economy in ‘good shape’
Wall Street’s main indexes rose on Wednesday as Federal Reserve Chair Jerome Powell said the domestic economy was in good shape and the central bank saw a “sustained expansion” ahead.
MetLife sued for gender discrimination by ex-chief administrative officer
MetLife Inc was sued for gender discrimination on Wednesday by a female former senior vice president who said she was underpaid, called a “bitch” and told she had to “choose between being pretty and being smart” while working at the insurance company.
One day ahead of deadline, Trump says he’ll decide on auto tariffs ‘soon’
U.S. President Donald Trump on Wednesday said he would make a decision soon on whether to impose tariffs on cars and auto parts imported into the United States but gave no other details.
Del Vecchio says aims to build stable Mediobanca shareholder base
Billionaire investor Leonardo Del Vecchio, Mediobanca’s biggest shareholder, said on Wednesday he aimed to create a stable ownership base for the Italian investment bank and Generali, the insurance giant it effectively controls through a 13% stake.
U.S. inflation firms on rising healthcare, energy costs
U.S. consumer prices jumped by the most in seven months in October, which together with abating fears of a recession, support the Federal Reserve’s signal for no further interest rate cuts in the near term.
Visa, Mastercard draw FTC inquiry over debit card transactions: Bloomberg Law
The Federal Trade Commission (FTC) has initiated a preliminary inquiry on Visa Inc and Mastercard Inc for possibly prohibiting merchants from using other debit networks, Bloomberg Law reported on Wednesday, citing sources.
