Big Media Deals Aren't Living Up to the Hype 
 

The chiefs of Warner Bros. Discovery and Paramount met this week and discussed a potential merger. But results from such big deals over the past decade haven't been impressive.

 
Bezos' Rocket Startup and Cerberus Compete to Buy SpaceX Rival 
 

Blue Origin and Cerberus made buyout bids for a rocket-launch venture owned by Boeing and Lockheed Martin.

 
Carnival Stock Is Rising on Record Revenue and Strong Demand 
 

The cruise line posts a better-than-expected fiscal fourth quarter, including highest-ever revenue for the period, and notes bookings are strong.

 
IRS Offers Deal to Employers Who Regret Claiming Pandemic Tax Credit 
 

The Internal Revenue Service will accept 80% repayment of the employee retention tax credit, or ERC, in exchange for amnesty from civil penalties.

 
CarMax Stock Is Soaring. Buybacks Resumed, and Earnings Beat. 
 

Used-car retailer CarMax resumed stock repurchases after pausing for a year. Third-quarter earnings topped views, but sales came in light.

 
Paychex Stock Is Worst S&P 500 Performer After Mixed Earnings Report 
 

Shares of the payroll services company are on track for their worst day in more than three years.

 
Tesla Probed by Norwegian Roads Agency Over Suspension Failures 
 

Tesla faces another potential recall after Norway's traffic-safety regulator launched an inquiry into suspension failures, the latest blow to hit the EV maker after it recalled 2 million vehicles earlier this month over problems with its driver-assistance system.

 
Harbour Energy Buys Wintershall Dea Upstream Assets for $11.2 Billion 
 

Harbour Energy said it would buy most of the upstream assets of oil-and-gas producer Wintershall Dea for $11.2 billion from its shareholders BASF and LetterOne.

 
Why Peacock Is Giving Fans a Taste of the NFL Without Commercials 
 

The streamer is expecting a lot of new viewers and wants to give them an experience that will persuade them to become paying subscribers.

 
Wells Fargo Workers in Albuquerque Vote to Form Union, a First for a Megabank 
 

Workers voted 5-3 in favor of unionizing, and those in other branches have said they intend to hold votes. An Alaska branch is expected to vote Thursday.

(END) Dow Jones Newswires

December 21, 2023 17:15 ET (22:15 GMT)