IBM Corp is nearing deal to acquire software company Red Hat Inc in a deal that could exceed $30 billion and allow it to expand its cyber security offerings, people familiar with the matter said on Sunday.
Britain’s Local Authority Pension Fund Forum, which represents funds that owned a combined 1 percent of Ryanair, on Sunday announced it planned to file resolutions at the company’s next annual general meeting to replace Chairman David Bonderman.
France will ask carmakers on Monday to help fund an expanded trade-in program to get older, polluting cars off the road with incentives for new ones, the French finance minister told daily Le Parisien on Sunday.
Swiss bank UBS may ask U.S. regulators to expand its license to sell more complex products and sophisticated investment advice to wealthy Americans living in Switzerland as it seeks to woo U.S. taxpayers abroad for growth. In an interview published on Sunday, Chief Executive Sergio Ermotti told Swiss newspaper SonntagsZeitung that UBS currently cannot sell some products and investments to U.S. taxpayers in Switzerland.
Tesla Inc Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the U.S. Securities and Exchange Commision was “Worth It”.
Insider trading doesn’t have a great connotation.
Martha Stewart (or M. Diddy, as she was known in the slammer) and current halfway house resident (and former Enron CEO) Jeff Skilling are the usual suspects that come to mind. They’re seen as slimy and dishonest for making money on inside information.
But in reality, anytime a CEO, board member or management-level employee of a corporation buys shares of the company he or she works for, they’re often buying on information not yet widely known to the public. And contrary to popular belief, it isn’t (usually) a crime.
When an insider changes their holdings in …read more […]
Qualcomm Inc said in a court hearing on Friday that Apple Inc is $7 billion behind in patent royalty payments to the mobile chip firm, which for years supplied parts for the iPhone.
Delta Air Lines Chief Executive Ed Bastian said on Friday he was satisfied with pilot contract language governing the outsourcing of regional flights and does not see it becoming an issue during upcoming negotiations.
The S&P 500 ended at its lowest level since early May after technology and internet shares sold off further on Friday, capping a volatile week that confirmed a correction for the Nasdaq.
Stock markets around the world tumbled on Friday while U.S. Treasury prices rose along with demand for safer bets as better-than-expected U.S. economic data did little to ease anxiety over disappointing corporate profits and trade wars.
Epic Games, the creator of video game sensation “Fortnite”, said on Friday it received $1.25 billion in funding from investors, including KKR & Co Inc , Iconiq Capital and Smash Ventures.
U.S. stocks sold off further on Friday and the S&P 500 flirted with correction territory as disappointing results punished technology and internet shares.
U.S. stocks were lower on Friday afternoon following a slew of high-profile earnings disappointments, but indexes were off the day’s lows and the S&P 500 eased off correction levels.
Tesla Inc has not received a subpoena from the U.S. Department of Justice related to its forecast for Model 3 production, the carmaker said on Friday, after a report that the company was facing a deepening criminal probe about the projections.
Stock markets around the world fell on Friday on track for the longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disappointing corporate profits and trade wars.
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