For a while, General Motors' bet on robo-taxi startup Cruise held the promise of creating a serious challenge to electric-car leader Tesla. If there were any question about whether that’s still true, the departure of Cruise’s co-founders, and the suspension of its self-driving service, point to an answer in the negative ..read more

David Zaslav may find his options have reached the limit. The Warner Bros Discovery chief executive will have to more than double the value of the media company if he wants to collect a lavish $200 million compensation package awarded when Discovery agreed to merge with Warner Media in 2021. Even if the better parts of the business with more promise perform, hitting pay dirt is an uphill task.   ..read more

Conventional wisdom holds that stocks deliver around 6.5% a year after inflation. That’s the historic return from U.S. equities publicised by Wharton professor Jeremy Siegel in his best-selling book, “Stocks for the Long Run”. Yet there have been certain periods when listed shares do especially well, and others when they disappoint for years seemingly without end. Investors in Japan know this only too well. Having experienced a multi-decade decline after 1990, Japanese stocks have escaped the doldrums. Their recent run could last ..read more

All credit to SoftBank’s finance chief for trying to accentuate the positive. On Thursday, Yoshimitsu Goto said the Japanese conglomerate’s Vision Funds have “hit the bottom” after recording a second quarter of gains in a row. With the company run by Masayoshi Son starting to target new investments again, the improving performance would perhaps have been of some comfort to shareholders – if it weren’t for the broader 931 billion yen ($6.2 billion) loss for the three months to the end of September that sent the stock down 9% on Friday, the sharpest fall in a year ..read more

Paramount Global says it’s reached the peak of its pain from investing in costly streaming. The media company behind the Yellowstone franchise reported on Thursday that adjusted operating losses from its various direct-to-consumer services narrowed 31% year-over-year to a still-chunky $238 million. Crucially, boss Bob Bakish indicated that investment in streaming has topped out ahead of schedule, helping to send shares up 10%. Problem is, such discipline can only hold so long in a cutthroat market ..read more

Amazon.com is widening its costly healthcare experiment. The $1.5 trillion technology giant slashed membership prices for its U.S. doctors’ practice, One Medical, to $99 a year for Prime members. That may result in more happy users, but it’s unlikely to provide much benefit for the company ..read more

Federal Communications Commission Chair Jessica Rosenworcel said on Thursday that the agency's proposal to reinstate net neutrality rules could give it new authority to force the removal of Chinese-based Huawei and ZTE equipment from U.S. networks, including data centers ..read more

Federal Communications Commission Chair Jessica Rosenworcel said on Thursday the agency's proposal to reinstate net neutrality rules could give it new authority to force the removal of equipment from China-based Huawei and ZTE from U.S. networks, including data centers ..read more

WASHINGTON (Reuters) -Federal Communications Commission Chair Jessica Rosenworcel said on Thursday the agency's proposal to reinstate net neutrality rules could give it new authority to force the removal of equipment from China-based Huawei and ZTE from U.S. networks, including data centers ..read more

Marco Patuano is starting with a small but firm step. The Italian-born chief executive of 24 billion euro Spanish tower operator Cellnex announced on Friday the sale of 49% of the group’s Nordics division to private equity fund Stonepeak for 730 million euros. This will only make a small dent in the group’s large net debt pile - which stood at 20 billion euros, or 6.3 times next year’s EBITDA after leases, as per JPMorgan estimates. But it does put some flesh around Patuano’s vision for the group. After years of M&A-fuelled expansion, the new CEO wants to return Cellnex to&n ..read more