NEW YORK, May 1 (Reuters) - Hedge fund Third Point owns a meaningful stake in U.S. Steel and expects a planned takeover deal to move ahead, and also sees opportunities in the credit markets as investors adjust to policies imposed by the Trump administration. Billionaire investor Daniel Loeb told investors in a letter seen by Reuters that the firm believes...

Hershey Company ( HSY ) shares are trading lower in premarket on Thursday after its first-quarter FY25 earnings. The company reported a 13.7% year-over-year decline in first-quarter revenue to $2.81 billion, beating the analyst consensus estimate of $2.79 billion. Hershey's North America Confectionery segment net sales declined 15% year-over-year to $ 2.3 billion. Sales for Hershey's International segment decreased 15.9%...

09:05 AM EDT, 05/01/2025 (MT Newswires) -- Leonardo DRS ( DRS ) reported Q1 adjusted earnings Thursday of $0.20 per diluted share, up from $0.14 a year earlier. Analysts surveyed by FactSet expected $0.17. Revenue for the quarter ended March 31 was $799 million, up from $688 million a year earlier. Analysts surveyed by FactSet expected $736.7 million. The company...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...