Business

CNN’s chief outlines changes to network after layoffs, including end of live programming on HLN

New York CNN Business β€” CNN on Thursday executed sweeping layoffs and implemented a series of changes that impacted multiple divisions across the news organization, including ending live programming on HLN, the company’s chief executive, Chris Licht, said in a memo to employees. β€œThe changes we are making today are necessary and will make us …

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This ‘defensive’ software stock could jump 70% going forward, Mizuho predicts

Investors should consider buying Intuit heading into 2023 as a defensive way of gaining exposure to the software sector, according to Mizuho. Analyst Siti Panigrahi reiterated a buy rating on Intuit after the company reported its latest quarterly results. The analyst said the company is set up to beat expectations next year after de-risking guidance …

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RBC to buy HSBC’s Canadian unit for $13.5-billion in biggest domestic banking deal on record

Royal Bank of Canada RY-T is buying HSBC Bank Canada for $13.5-billion in cash in the largest deal ever reached between two domestic banks in the country. The transaction, which is subject to regulatory and government approvals, would see RBC consolidate its position as Canada’s largest bank. The purchase price represents a multiple of 9.4 …

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Three migrants who survived an 11-day voyage sat on the ship’s rudder

The Spanish coast guard has rescued three people who were stowed on top of the rudder of a ship that arrived in the Canary Islands from Nigeria. In a photograph distributed by the coastguard on Monday, the migrants are shown perched on the rudder of the oil and chemical tanker Althini II. The Althini II …

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BBC journalist ‘beaten and kicked by the police’ as protests spread across China

CNN Business β€” Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of the protests on Sunday night, according to the BBC and as captured on what appears to be mobile phone footage of the arrest. While it has since been released, a BBC spokesperson has expressed extreme …

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Artemis: NASA’s Orion capsule breaks distance record

WASHINGTON β€” The US space agency’s Orion capsule has reached a key milestone on its demonstration mission around the Moon. On Monday, it moved some 430,000km (270,000 miles) beyond the Earth – the furthest any spacecraft designed to carry humans has traveled. The ship is uncrewed on this occasion, but if it completes the current …

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Cramer says these 5 factors could help the Dow keep beating the other major indexes

CNBC’s Jim Cramer on Monday explained why he believes the Dow Jones Industrial Average will continue to outperform the Nasdaq Composite and S&P 500 next year. “As we head into the end of the year, Wall Street tends to crowd into the biggest winners, which is why I expect the Dow to keep outperforming the …

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Hackers Release Millions of Twitter IDs and User Info for Free

Twitter’s security flaw that allowed hackers to steal millions of user records had been patched in August this year, but that hasn’t stopped hackers from releasing that data for free online.Photo: Sergey Elagin (Shutterstock) Twitter’s API once held such an easily exploitable flaw that hackers managed to grab 5.4 million user details. Now, according to …

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