Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak with IBM CEO Arvind Krishna about the company’s plans to spin off its legacy business to focus on cloud computing. …read more […]
Philadelphia, PA, Oct. 08, 2020 — VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (“VSBLTY”), a leading provider of security and retail marketing technology, has signed a partnership agreement in the development of […]
(Bloomberg) — The stock market faces the possibility of significant declines ahead of the U.S. election as economic and political unpredictability dumbfound strategists, according to Goldman Sachs Group Inc.’s Abby Joseph Cohen.“I’m quite concerned that there could be considerable downside,” depending on “factors that we can’t fit easily into our models,” the senior investment strategist said in an interview on Bloomberg TV. “This includes: What will the Congress do? What will the President say? And of course, the election outcome.”Cohen, who in the 1990s was the most famous equity strategist in America, pointed to “wide gaps” in valuations within the …read more […]
(Bloomberg) — President Donald Trump said talks on an economic stimulus plan are now “starting to work out” despite pulling his side out of negotiations earlier this week, though there was no sign the two sides are any closer on a comprehensive deal.“I think we have a really good chance of doing something,” Trump said Thursday morning in a live interview with Maria Bartiromo on Fox Business. There are now “very productive talks” on coronavirus relief, he said.The White House and House Speaker Nancy Pelosi have indicated willingness to strike a deal to aid U.S. airlines, but the Democratic leader …read more […]
The cruise operator, which sails AIDA, Costa and Princess cruises among others, has paused voyages since March due to the COVID-19 pandemic, bringing its business to a standstill. Total customer deposit balance as of Aug. 31 was $2.4 billion, the majority of which were credits given by Carnival for canceled trips, compared to $2.9 billion last year. Carnival’s third-quarter net loss came in at $2.86 billion, compared to a profit of $1.78 billion a year earlier. …read more […]
In a new interview, left-leaning author Kurt Andersen called Facebook a “different beast” than other tech giants, arguing that its problems extend beyond market control, since CEO Mark Zuckerberg has failed to take any worthwhile steps to reduce the societal damage caused by its immense platform. …read more […]
(Bloomberg) — International Business Machines Corp. plans to spin off its managed infrastructure services unit into a public company, doubling down on its shift to become a major cloud services provider.The new unit, now part of its global technology services division, serves 4,600 clients and has an order backlog of $60 billion, according to a statement Thursday. The company said it aims to complete the transaction as a tax-free spinoff to IBM shareholders by the end of 2021.The spin-off is the fourth major transformation for IBM in its 109-year history and is the first big move by Chief Executive Officer …read more […]
Hewlett Packard Enterprise Company (NYSE:HPE) saw significant share price movement during recent months on the NYSE… …read more […]
(Bloomberg) — Morgan Stanley agreed to purchase Eaton Vance Corp. for about $7 billion in Chief Executive Officer James Gorman’s second major acquisition this year, both of which tilt the investment bank further toward the steadier business of money management.Eaton Vance shareholders will receive a total cash-and-stock consideration of about $56.50 a share, Morgan Stanley said in a statement Thursday. That represents a 38% premium over Eaton Vance’s closing price Wednesday.Gorman has become the most prolific dealmaker on Wall Street in the past three years, using acquisitions to transform his bank. Just days after completing the purchase of E-Trade Financial …read more […]
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously… …read more […]
Cryoport, Inc. (NASDAQ:CYRX), might not be a large cap stock, but it saw a significant share price rise of over 20% in… …read more […]
WATERLOO, ON, Oct. 8, 2020 /CNW/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced it has partnered with ServiceNow to integrate the BlackBerry® AtHoc® service within the Now platform for rapid crisis communications and IT service management. …read more […]
Agreement provides option for European Union Member States to secure up to 200 million additional doses for a total of up to 400 million dosesNEW BRUNSWICK, N., Oct. …read more […]
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