Dec 18 (Reuters) - Cheerios maker General Mills ( GIS ) beat quarterly sales estimates on Wednesday, aided by its efforts to reduce prices of some products to improve demand. The company posted second-quarter sales of $5.24 billion, compared with analysts' estimates of $5.14 billion, as per data compiled by LSEG. ...

06:59 AM EST, 12/18/2024 (MT Newswires) -- Meta Platforms Inc ( META ) Instagram will soon account for half of the company's US advertising revenue, Bloomberg reported Wednesday, citing research from the firm Emarketer. Instagram is expected to generate $32 billion in US advertising revenue in 2025, up more than 24% from this year, according to data from Emarketer. Instagram...

06:59 AM EST, 12/18/2024 (MT Newswires) -- Visa (V) and Mastercard ( MA ) will see a reduced fee paid by New Zealand's businesses when they accept their payments under a proposed draft decision issued by the Commerce Commission, the regulator said Wednesday. The proposal would result in an annual reduction of 260 million New Zealand dollars ($149 million), the...

07:04 AM EST, 12/18/2024 (MT Newswires) -- Innergex Renewable Energy ( INGXF ) late on Tuesday said it has closed two non-recourse financing agreements totaling $199 million to optimize the financial structure of its renewable energy assets and support future development activities. The first is a $133.7 million non-recourse project financing with The Canada Life Assurance Company for the 50-megawatt...