December 17, 2018 7:45 am
According to a source with knowledge of the matter, Intel Corp and TPG Capital are in early talks to sell security software firm McAfee to Thoma Bravo LLC, a private equity company. Since negotiations are at an early stage, it is not certain whether an agreement will be reached, the source noted. Intel shares closed […]
Read moreDecember 14, 2018 9:46 am
According to an announcement by General Electric Company (GE) on Thursday, its digital unit intends to sell a majority stake held in ServiceMax to Silver Lake, a technology-oriented private equity company. The deal is expected to be finalized in early 2019. However, no financial details of the agreement were disclosed. General Electric shares closed higher […]
Read moreDecember 13, 2018 9:19 am
According to a Tuesday note by Cowen Inc, Amazon.com Inc (AMZN) is expected to achieve a 17% annual revenue growth during the upcoming five years. The note pointed to a number of opportunities that would drive revenue and margin growth globally, including in the e-commerce giants cloud business as well as in advertising activities. These […]
Read moreDecember 12, 2018 10:04 am
Verizon Communications Inc (VZ) said earlier this week that it expected to incur a charge of $1.8 billion to $2.1 billion during the present quarter in relation with the layoffs it plans. About half of the layoffs, which the company announced on December 10th, are expected to come into effect by the end of this […]
Read moreDecember 12, 2018 7:41 am
Lockheed Martin Corporation (LMT) said earlier this week that Kenneth Possenriede had been appointed as its new Chief Financial Officer. Possenriede is to replace Bruce Tanner who will retire in mid-2019, the company said. Lockheed Martin shares closed lower for the sixth time in the past ten trading sessions in New York on Tuesday. It […]
Read moreDecember 11, 2018 9:00 am
GoPro Inc said on Monday that it had begun preparations to move a larger part of its US-bound camera production out of China by the summer next year, as the company seeks to avoid the potential impact from new tariffs. At the same time, international-bound camera production is expected to remain in the Asian country, […]
Read moreDecember 11, 2018 7:20 am
Yesterday Bank of America Merrill Lynch revised down its rating on FedEx Corporation (FDX) to “Neutral” from “Buy” previously, as the firm cited the sudden departure of David Cunningham, the Chief Executive of FedEx Corps air delivery unit during the past week. Bank of America Merrill Lynch also cut its price target on the stock […]
Read moreDecember 10, 2018 10:19 am
According to an announcement by Tesla Inc (TSLA) last week, Washington, D.C. trial lawyer Dane Butswinkas has been hired as the companys general counsel. A report by Bloomberg stated that the appointment had been made so that Tesla could settle a case with the US Securities and Exchange Commission (SEC). Tesla shares closed lower for […]
Read moreDecember 10, 2018 8:24 am
According to a report by CNBC, citing people with knowledge of the matter, Apple Incs health team has hired Jason Oberfest, the former Chief Executive of Mango Health. Apple shares closed lower for a third consecutive trading session on NASDAQ on Friday. It has also been the steepest daily loss since December 4th. The stock […]
Read moreDecember 7, 2018 9:57 am
Kroger Companys (KR) quarterly comparable sales, reported on Thursday, fell short of Wall Street estimates, influenced by disruptions resulting from store remodeling as the company has sought to provide more shelf space for best-selling items. Shares of Kroger Company closed higher for the sixth time in the past eleven trading sessions in New York on […]
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