Pinterest Stock Slides  as Earnings Edge Past Estimates But Sales Miss

The social-media company's CEO said recent cost-cutting moves set the business up to be stronger and more efficient. 


 
Apollo Takes Aim at $250 Billion in Debt Investments Annually

The firm set a new five-year goal, betting that investors will flock to private debt in search of better returns. 


 
Rio Tinto, BHP, BlueScope to Partner on Low-Carbon Steel From Iron Ore

Iron-ore miners Rio Tinto and BHP Group will join with BlueScope Steel to consider the development of Australia's first electric-smelting furnace pilot plant to make low-carbon steel from iron ore. 


 
Expedia Taps Ariane Gorin as Next CEO

Expedia Group named Ariane Gorin as its next chief executive, effective May 13. 


 
Genesis Wins Dispute With Gemini Over Ownership of Grayscale Bitcoin Trust Shares

A judge ruled that Genesis owns 31.2 million shares of the fund that are now worth more than $1.2 billion. 


 
Disney Deal Could Help 'Fortnite' Maker Level Up

Disney's $1.5 billion stake in Epic Games provides an opportunity to grow the popular videogame. 


 
UBS Loses to Whistleblower in Wide-Reaching Supreme Court Decision

A win for an analyst allegedly fired for protesting unethical requests will make it easier for whistleblowers to sue. 


 
Regional-bank bondholders seem unworried by New York Community Bank's problems

While regional-bank stocks continue to be dragged down by the troubles assailing New York Community Bank, their bonds are holding up, suggesting bondholders view NYCB's issues as isolated. 


 
L'Oreal's Sales, Profit Miss Expectations on Stagnating Chinese Beauty Market

Revenue in North Asia slumped 5.8% but the company said it is confident it would outperform the market this year. 


 
AstraZeneca Earnings Hit By Higher Costs

AstraZeneca reported core earnings for the fourth quarter just short of consensus, but said it expected double-digit percentage growth in 2024.


(END) Dow Jones Newswires

02-08-24 2115ET