Does the July share price for Exact Sciences Corporation (NASDAQ:EXAS) reflect what it’s really worth? Today, we will… …read more […]
U.S. insurer Allstate Corp. (ALL) has agreed to acquire National General Holdings Corp.(NGHC) for about $4 billion in cash, or $34.50 per share.As part of the takeover deal National General shareholders will get $32 per share in cash and closing dividends of $2.50 per share. The $34.50 total value per share reflects a 69% premium to National General’s closing price on Tuesday. National General shares spiked 69% to $34.39 in Wednesday’s pre-market trading.Allstate will fund the share purchase by using $2.2 billion in combined cash resources and issuing $1.5 billion of new senior debt. The insurer said it will maintain …read more […]
Stock futures struggled for direction during overnight trading as investors continued to weigh the economic impacts of the ongoing rise in coronavirus cases globally, and after a report raised further concerns over US-China tensions. …read more […]
A rebound in store visits in June returned Costco to growth for the first time since the pandemic, according to new analytics data. …read more […]
The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But if you buy shares in a… …read more […]
Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning heavily towards the Asian financial hub first because it would probably face a smoother listing process, the sources and a third person with knowledge of the matter said. It is looking at selling between 5% and 10% of …read more […]
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says… …read more […]
Top news and what to watch in the markets on Wednesday, July 8, 2020. …read more […]
Avenue Capital Group CEO and legendary investor, Marc Lasry, joins ‘Influencers with Andy Serwer’ to discuss the pandemic’s impact on the global economy. …read more […]
Nokia, battling with China’s Huawei and Sweden’s Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth. Overnight, JP Morgan downgraded Nokia to “neutral” from “overweight”, citing a potential loss of business with Verizon. “We believe that there is a real risk Verizon will depend less on Nokia as their primary RAN (radio access network) supplier going forward,” JPM said in a note, adding there were signs Verizon was using Samsung. …read more […]
United Airlines Holdings Inc (UAL) warned that it sees travel bookings weakening as the recent resurgence in coronavirus infections and the related new restrictions imposed by some U.S. states are curtailing demand.The news sent shares down 7.6% to $32.58 at the close on Tuesday. In a Town Hall for its operational employees, the ailing airline said that consolidated capacity for June was down about 88% year-over-year and that July capacity is expected to be down about 75% year-over-year.Looking ahead to the peak summer season, management also indicated that capacity for August will probably be down about 65% year-over-year. In addition, …read more […]
Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning heavily towards the Asian financial hub first because it would probably face a smoother listing process, the sources and a third person with knowledge of the matter said. It is looking at selling between 5% and 10% of …read more […]
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to… …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
