Disney revenue topped analyst expectations when the media giant reported its fiscal second-quarter earnings on Wednesday.
Circle, a stablecoin issuer, received approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a trust bank. This allows Circle to directly manage reserves for its USDC stablecoin and shifts its regulatory oversight to a national level, boosting its appeal as regulated infrastructure for institutional clients.
Circle, a stablecoin issuer, received approval from the OCC to operate as a trust bank, allowing it to manage reserves directly for its stablecoins like USDC. This move shifts Circle towards financial infrastructure and provides national regulatory oversight.
Volkswagen will cut its model lineup by up to half and reduce production capacity to nine million vehicles annually. The German automaker aims to become faster, more resilient, and competitive, avoiding immediate job cuts despite earlier reports of potential layoffs.
No-frills airline EasyJet has received a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous offer from Castlelake. Apollo's offer of £7.15 per share is considered superior to Castlelake's £6.90 per share bid.
EasyJet's stock surged over 13% Friday following a $7.7 billion takeover bid from Apollo Global Management. The cash offer values the budget carrier at £5.7 billion ($7.66 billion), with an alternative option for shareholders to retain voting rights.
No-frills airline EasyJet has accepted a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous offer from Castlelake. Shareholders would receive £7.15 per share under the Apollo proposal.
