New York Attorney General Letitia James said Tuesday the state may appeal a court ruling approving a merger between No.3 and No.4 wireless carriers T-Mobile US Inc and Sprint Corp.
A federal judge on Tuesday approved wireless carrier T-Mobile US Inc’s takeover of Sprint Corp, rejecting a claim by a group of states that said the deal would violate antitrust laws and raise prices.
(Bloomberg) — For the past few months, Under Armour Inc. executives have promised that 2020 would be the coming-out party of a brand-new company, a shift from defense to offense after a multiyear restructuring and a change in leadership.Tuesday, they went back on the defensive. After revealing fourth-quarter results and 2020 projections that trailed analysts’ expectations, the company issued a sobering set of expectations for investors.Revenue in 2020 will trail the consensus estimate of $5.51 billion by a wide margin. The coronavirus could hurt sales by $60 million in the next few months, with more harm down the line. And …read more […]
Companies to pursue revenue opportunities from digital likenesses of iconic brands New York, NY, Feb. 11, 2020 — Facebank Group, Inc. (OTC: FBNK), a leading digital human technology company focused on the development, protection and […]
Finland’s biggest game maker Supercell reported on Tuesday its full-year 2019 sales rose 2% to 1.39 billion euros ($1.52 billion) although core earnings slipped 4%.
Investors are always on the prowl for high returns. They can look for this in the traditional places, of course, the Apples and the Amazons and the Googles, where shares appreciate at fast rates, or they can look at the Microsofts and Mastercards and JPMorgans, where steady share gains are paired with steady dividends. These are viable strategies. But sometimes, investors like to follow the roads less traveled.The average dividend yield among stocks listed in the S&P 500 index is only 2%. This is – just slightly – higher than Treasury bond yields. But it’s also just an average. There …read more […]
Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the U.S. economy in the first of his twice-a-year updates to Congress Tuesday, but cited a potential threat from the coronavirus in China and concerns about the economy’s long-term health.
A federal judge on Tuesday approved a merger between No.3 and No.4 wireless carriers T-Mobile US Inc and Sprint Corp, rejecting a claim by a group of states that said the deal would violate antitrust laws and raise prices.
Office sharing startup WeWork on Tuesday brought forward its target for becoming free cash flow positive by a year to 2022 and said it expects to post its first ever $1-billion revenue quarter this year.
IKEA named insider Jon Abrahamsson Ring to succeed Torbjorn Loof as chief executive of the world’s biggest furniture brand on Tuesday as it adapts to seismic shifts in shopping.
(Bloomberg) — T-Mobile US Inc. won court approval for its $26.5 billion takeover of Sprint Corp., defeating a state-led lawsuit that sought to block the industry-altering wireless deal.The decision by a district judge in Manhattan is a huge win for T-Mobile and its owner Deutsche Telekom AG, as well as SoftBank Group Corp., Sprint’s parent. The combined company, which will operate under the T-Mobile name, will have a regular monthly subscriber base of about 80 million — in the same league as AT&T Inc., which has 75 million subscribers, and Verizon Communications Inc., which has 114 million.After the merger, T-Mobile …read more […]
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Daimler will not sacrifice the profitability of next generation electric cars Chief Executive Ola Kaellenius said on Tuesday, as the carmaker struggles to meet more stringent European Union anti-pollution rules.
Marks & Spencer on Tuesday appointed Eoin Tonge, currently the chief financial officer of Irish food group Greencore , as its new finance chief, filling a void left by the departure of Humphrey Singer at the end of last year.
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