AMC's stock falls on news company to issue 23.3 million shares in debt swap
Move, along with a recently completed at-the-market offering, should reduce net leverage for the indebted cinema operator by about 10%, says B. Riley analyst.
Netflix to Show NFL's Two Christmas Day Games in 2024
The streaming giant is paying about $75 million a game in what is the company's highest-profile live-sporting event
Petrobras CEO Jean Paul Prates Replaced by Former Govt Regulator Magda Chambriard
Latin America's biggest oil producer Petrobras announced the exit of its CEO Jean Paul Prates, the fifth head of the company to be fired or quit in three years as the government battles for greater control over the group.
Billionaire Frank McCourt Plans Bid for TikTok in U.S.
The real-estate mogul said he is organizing a bid to acquire platform, saying he will put users and data security at the center of its design and purpose.
McDonald's Makes New Pitch to Inflation-Weary Eaters: A Meal for $5
The fast-food chain and its franchisees agree to offer a monthlong promotion subsidized by Coca-Cola.
EBay Boosts Investments in GPUs in Push to Harness AI
The online marketplace is carving out more space in its capital expenditure budget to fund its push into generative artificial intelligence.
Royal Mail Owner IDS Would Recommend Improved EP Takeover Offer if Made Formal
International Distribution Services said it received an improved $4.41 billion takeover proposal from Daniel Kretinsky's EP Corporate Group that it would be prepared to recommend to shareholders if a formal offer was made.
Google Regains AI Initiative by Playing to Its Strengths
Adding generative AI to search and Android shows the tech giant's distribution muscle while lessening risk to key businesses.
Tesla Hits the Road to Persuade Shareholders to Pay Elon Musk $46 Billion
Investors will vote on a 2018 pay package again after a judge threw it out.
BYD Debuts First Pickup Truck in Mexico
Chinese automaker BYD has launched its first pickup truck, debuting a luxury plug-in hybrid in Mexico to compete with global rivals in China's second-largest market for auto exports.
(END) Dow Jones Newswires
May 15, 2024 13:00 ET (17:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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