The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business.

Lufthansa said it expects an improvement in its second-half operating result, with capacity seen at more than 95% of prepandemic levels in the third quarter, but cautioned that unit revenue will fall in the next three months.

Stellantis backed its full-year guidance despite revenue falling in the first quarter on lower sales volumes and as it prepared to launch new models.

Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.

The storied Hollywood company behind ‘The Godfather’ faces its biggest battle yet as Shari Redstone’s merger plans collide with shareholder fury and a CEO on the outs.

The entertainment giant will put in place an “Office of the CEO” through which three division heads will oversee the company.