Trading Ideas
Disney merger
Disney touch – shares lower on concerns mega-merger debt loads… …read more […]
Year: 2018
Business News
AT&T executive promises fewer ads on newly acquired Time Warner networks
LOS ANGELES (Reuters) – AT&T Inc should be able to reduce the number of commercials on its newly acquired Time Warner networks by using wireless and TV customer data to target personalized advertisements, John Stankey, the longtime AT&T executive who will run the networks, said in an interview on Monday.
Business News
Exclusive: KKR close to signing deal for Altice’s telecom towers – sources
MADRID/LONDON (Reuters) – Private equity firm KKR is close to buying a stake in the telecom towers business of Altice , three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations.
Business News
Wall Street ends modestly lower but energy shares rise
NEW YORK (Reuters) – The Dow and S&P fell modestly on Monday, ending well off session lows, as gains in energy shares helped curb declines stemming from trade war concerns after China’s retaliation to U.S. tariffs.
Business News
U.S. regulator to send observer for Tesla probe of Model S fire
(Reuters) – The U.S. National Transportation Safety Board (NTSB) will send a technical specialist to observe a Tesla Inc examination into the causes of a battery fire last Friday involving one of the electric automaker’s Model S vehicles in California, the agency said on Monday.
Business News
CFTC orders JPMorgan to pay $65 million to settle swap rate manipulation charge
WASHINGTON (Reuters) – JPMorgan Chase Bank NA will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAfix benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.
Business News
Exclusive: GameStop in talks with buyout firms after drawing interest – sources
(Reuters) – Video game and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.
Trading Ideas
Facebook just hit an all-time high (FB)
Facebook hit an all-time high. Less than two months ago shares tumbled into a bear market following news of the Cambridge Analytica scandal. Watch Facebook trade in real time here. …read more […]
Business News
Exclusive: Retailer GameStop in talks with buyout firms after receiving takeover interest – sources
(Reuters) – Videogame and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.
Business News
Google to invest $550 million in China e-commerce giant JD.com
(Reuters) – Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
Trading Ideas
Elon Musk warns Tesla haters they have 3 weeks until their 'short position explodes' (TSLA)
Tesla CEO Elon Musk is taunting those betting against the company’s stock. Follow Tesla’s stock price in real-time here. Tesla CEO Elon Musk was taunting short-sellers, or those betting the company’s stock price will go down, once again over the weekend. …read more […]
Business News
Wall Street dips but off earlier lows; Nasdaq flat
NEW YORK (Reuters) – The Dow and S&P were modestly lower on Monday, having recovered from earlier lows, as gains in energy shares helped curb declines stemming from trade war concerns after China’s retaliation to U.S. tariffs.
Business News
CFTC asks JPMorgan to pay $65 million to settle swap rate manipulation charge
WASHINGTON (Reuters) – JPMorgan Chase Bank NA will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAFIX benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.
Business News
EU antitrust regulators to rule on Blackstone’s F&R deal by July 20
BRUSSELS (Reuters) – EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group’s US$20 billion acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit, a filing on the EU competition watchdog’s website showed on Monday.
Trading Ideas
Valeant’s Rebound Falters After Key Drug Is Rejected
Valeant Pharmaceuticals International Inc.’s rebound from this year’s low in March was stopped in its tracks after U.S. regulators rejected its application for a plaque psoriasis lotion, Duobrii, that management saw as the first of many new drugs to hit the market in the next few years. Trading volume was more than 1.5 times the full-day average of the past three months as investors retreated even after the company pointed out that the Food and Drug Administration’s ruling was related to its pharmacokinetic data and said management is working to “resolve this matter expeditiously” and has already requested a …read more […]