Year: 2020

Microsoft Corp. (MSFT) has signed a definitive agreement to buy virtualized network software provider Metaswitch Networks to help boost its exposure to 5G and increase its offerings for the telecommunications industry.Terms of the deal weren’t disclosed. Private equity-backed Metaswitch offers cloud-based voice, data and communications solutions for telecommunications operators.“The convergence of cloud and communication networks presents a unique opportunity for Microsoft to serve operators globally via continued investment in Azure, adding additional depth to our hyperscale cloud infrastructure,” Yousef Khalidi, Corporate Vice President at Microsoft said in a blog post. “Metaswitch’s complementary portfolio of ultra-high-performance, cloud-native communications software will expand …read more […]

A merger would give Uber Eats’ money-losing food delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber’s business of shuttling people from place to place. “If Uber takes over Grubhub it isn’t good for competition and it isn’t good for you,” the Democrat from Minnesota tweeted. Klobuchar is a senior member of the Senate’s antitrust committee, which oversees competition enforcement. …read more […]

There’s no question Americans are facing unprecedented stresses these days. Data suggests some Americans are relying on vices such as alcohol, tobacco and cannabis to get through the health crisis. At the same time, gamblers have been driven online for the time being due to casino closures.When times are good, people like to celebrate with a drink or a smoke or a roll of the dice. When times are hard, they turn to these activities as a distraction or a means of self-medication. Regardless of how you feel about the activities themselves, here are seven “sin stocks” to buy that …read more […]

(Bloomberg) — Tesla Inc. told employees that a California county health official has now signed off on safety measures the company took last week at its car plant as it restarted production in defiance of the area’s shutdown order.The Alameda County health officer’s approval means Tesla has local support to resume full production starting this week, Laurie Shelby, the company’s environmental, health, and safety vice president, wrote in an email to staff Saturday that was viewed by Bloomberg News. Representatives for Tesla and the county didn’t respond to queries outside regular business hours.The county’s authorization could resolve a highly contentious …read more […]

J.C. Penney plans to close some stores permanently during its Chapter 11 bankruptcy as the company tries to avoid outright liquidation. …read more […]

Wall Street’s iconic broker, who recently beat COVID-19, says he’s happy to be going back to the New York Stock Exchange on May 26, when the trading floor is set to re-open. …read more […]

* This weekend’s Barron’s cover story shows how the race for a COVID-19 vaccine could affect investors. * Other featured articles look at stocks involved in the race for 5G and some value stocks that are worth a look now. * Also, the prospects for an online retailer, a networking stock, video streaming picks and more.”How the Race for a Covid-19 Vaccine Affects Investors” by Josh Nathan-Kazis asks which stocks could face steep drops if their coronavirus vaccines fall through. Gilead Sciences, Inc. (NASDAQ: GILD)? Johnson & Johnson (NYSE: JNJ)?Nicholas Jasinski’s “5G Is Here. Will Anyone Care?” shows …read more […]

A deluge of retail earnings and the Federal Reserve will be in focus in the week ahead. …read more […]