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Paramount reaches deal with states to settle their case challenging Warner buyout, AP source says
Associated Press5d agobearish
Paramount reaches deal with states to settle their case challenging Warner buyout, AP source says

Skydance-owned Paramount reached a settlement Monday with a group of state attorneys general that had sued to challenge the company’s buyout of Warner Bros. Discovery, effectively paving the way for the mega merger to move forward, a person familiar with the matter told the AP. Details of the settlement with the states were not immediately available, but were expected to be revealed later in the day. Paramount said the allegations were meritless, but previously agreed to delay its transaction well into next year so the case could make its way through court.

Cybersecurity Stocks Extend Gains on AI Safety Warnings: CrowdStrike and Okta Rise 4%, Palo Alto Ticks Up
24/7 Wall St.5d agoneutral
Cybersecurity Stocks Extend Gains on AI Safety Warnings: CrowdStrike and Okta Rise 4%, Palo Alto Ticks Up

Cybersecurity stocks are extending last week’s advance into Monday’s midday session, and the leaders today are identity and endpoint names rather than the network security franchise. CrowdStrike Holdings (NASDAQ:CRWD) stock is up 4.02% to $247.20, running well ahead of the sector fund and the broader technology benchmark. Also gaining, Okta (NASDAQ:OKTA) shares are climbing 4.05% […]

1st Source (SRCE): Buy, Sell, or Hold Post Q2 Earnings?
StockStory5d agoneutral
1st Source (SRCE): Buy, Sell, or Hold Post Q2 Earnings?

1st Source’s 26.1% return over the past six months has outpaced the S&P 500 by 9.8%, and its stock price has climbed to $85.89 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.

Paramount Talks Include Penalty for Missing 30-Film Pledge
Bloomberg5d agobearishVIDEO
Paramount Talks Include Penalty for Missing 30-Film Pledge

Geetha Ranganathan, Bloomberg Intelligence analyst, joined Bloomberg's Paul Sweeney and Scarlet Fu to discuss the latest on the ongoing Paramount and Warner Bros. merger. The settlement talks between Paramount Skydance Corp. and California officials over the planned acquisition of Warner Bros. Discovery Inc. are said to include a financial penalty if the company fails to make good on a promise to distribute 30 films per year in theaters. Paramount would have to pay $30 million for each film that falls short of that goal, according to two people familiar with the discussions who asked to not be identified because the negotiations are private. It could also be forced to sell its stake in Miramax, the studio behind movies such as Pulp Fiction, if it fails to meet the target, one of the people said.

What Happens To Lennar Stock If Its Home Sales Keep Slowing?
Trefis5d agoneutral
What Happens To Lennar Stock If Its Home Sales Keep Slowing?

Lennar (LEN) stock has lost about 41% over the past year, and on September 18 it closed at the bottom of its 52-week range. The bigger risk sits inside the business. Its plan to rebuild profit depends on selling homes at a steady pace, and its own numbers show that pace slipping.

Craneware Gets a Painful Growth Reset
Moby5d agoneutral
Craneware Gets a Painful Growth Reset

The healthcare-software group plunged after cyber fallout and disruption to America’s 340B drug-pricing market forced management to slash near-term revenue expectations.