Aflac Is Buying a Stake in a Direct Lender, Getting a Piece of the Private Credit Boom

The insurance giant is paying about $100 million to acquire a 40% stake in Tree Line Capital Partners. 


 
IBM Selling Cloud Security Software to Palo Alto Networks in Broader Cyber Strategy Shift

International Business Machines is selling its cloud-based QRadar cybersecurity software to Palo Alto Networks as the two technology companies deepen their partnership in jointly selling and developing artificial intelligence-powered security products. 


 
Cisco Stock Jumps on Earnings. The Outlook Is Improving.

The networking gear provider said that customers were now working through a glut of routers and switches. 


 
Warren Buffett's Berkshire Reveals Its Mystery Stock: Chubb

The Omaha, Neb., company began building a secret stock position in the second half of 2023. 


 
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 


 
Appaloosa takes new stake in Boeing, sours on GM

David Tepper's Appaloosa hedge fund took new stakes in Boeing Co. and Lyft Inc., to name a few of its fresh bets, and sold off the General Motors Co. stake it had snapped up only a few months ago, according to a filing with the Securities and Exchange Commission late Wednesday. 


 
SharkNinja Wants to Take a Bite Out of New Markets

The company, best known for its blenders and vacuums, is making a bigger push into beauty. 


 
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. 


 
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. 


 
Petrobras CEO Jean Paul Prates Replaced by Former Government 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.


(END) Dow Jones Newswires

05-15-24 1915ET