business
Verizon to Cut About 15,000 Jobs
The telecommunications company is looking to reduce costs as it works to stem customer losses. Source link
EY Nominates Executive Behind Audit Cleanup as New U.S. Leader
The Big Four accounting firm’s governing board nominated Dante D’Egidio, with partners expected to vote in the coming weeks. Source link
Disney Posts Roughly Flat Quarterly Revenue as TV Declines Continue
Streaming and experiences profits were up, and Disney says it will return more cash to investors. Source link
Germany’s Merck KGaA Shares Rise After Semiconductor, Pharma Demand Boost Results
Merck KGaA shares rose as much as 8.6% after the results—before pulling back somewhat—recouping some of their losses earlier in the year. Source link
Brookfield Earnings Rise With Growth Across Wealth Solutions
Brookfield saw strong earnings growth in the third quarter as the investment firm benefited from sustained growth across its wealth-solutions platform and strong asset-management fund raising. Source link
Energy-Drink Maker Red Bull Faces EU Antitrust Probe
The EU said the company might have given incentives for retailers to stop selling, or reduce the visibility of, rival drinks. Source link
Tencent Posts Strong Profit, Revenue Growth on Game Demand, AI Push
The videogame and social-media company extended its streak of earnings beats amid continued AI integration efforts and strong momentum at its gaming business. Source link
EU Investigates Alphabet’s Google over Publishers’ Ranking Policy
The European Commission opened a new investigation into how the tech giant ranks news publishers in search results. Source link
Health Care Roundup: Market Talk
Find insight on Merck KGaA, Biocon, Bayer and more in the latest Market Talks covering Health Care. Source link
Bertelsmann Names 35-Year-Old Scion as CEO in Generational Shift
The media giant appointed a member of the family that owns it as the next CEO and successor to longtime boss Thomas Rabe. Source link