Global
Comcast to Spin Off Cable Networks Amid Declining TV Subscriptions
By UBS News Staff | November 20, 2024 Comcast announced plans to spin off several cable networks, including CNBC, MSNBC, and E!, into a new entity temporarily named “SpinCo.” The process is expected to take about a year, according to a company memo. Notably, Bravo will remain part of NBCUniversal to bolster its streaming platform, […]
Target Shares Plunge 20% After Missing Earnings Forecast
By UBS News Staff | Nov. 20, 2024 Target’s stock dropped over 20% on Wednesday, marking its largest earnings miss in two years. The retailer reported third-quarter earnings of $1.85 per share, falling short of analysts’ expectations of $2.30. Revenue also missed, coming in at $25.67 billion versus $25.90 billion expected. Despite significant price cuts […]