U.S. buyout firm Blackstone Group said on Monday it had extended the deadline for its offer to buy hotel operator Unizo Holdings to Nov. 6 from Monday. Blackstone said the extension was “to provide additional time” for Unizo to respond to the offer. The firm had told Unizo it would launch a tender offer or explore other options if the Japanese hotel chain did not agree to its conditions by Monday. …read more […]
Spotify Technology SA’s quarterly revenue beat Wall Street expectations on Monday, as the music streaming company added more-than-expected paid subscribers for its premium service.
Rumors of layoffs started spreading among workers at a factory here in northeastern Argentina making Nike Inc shoes the night before Cristian Fredy Aquino’s scheduled shift.
Today we’ll look at AK Steel Holding Corporation (NYSE:AKS) and reflect on its potential as an investment. In… …read more […]
LA JOLLA, Calif.-(BUSINESS WIRE)-Silvergate Capital Corporation (“Silvergate” or the “Company”) announced the launch of its initial public offering of 3,744,307 shares of Class A common stock. Silvergate is offering 770,000 shares of its Class A common stock and selling shareholders are offering 2,974,307 shares of Class A common stock. The initial public offering price is […] …read more […]
The Swedish company’s shares, which have risen about 6% since the beginning of this year, were up 4.4% at $126 before the bell. The company’s premium subscribers rose 31% to 113 million from a year earlier. Analysts were expecting the company to have 112.9 million paid subscribers, according to IBES data from Refinitiv. …read more […]
Rumors of layoffs started spreading among workers at a factory here in northeastern Argentina making Nike Inc shoes the night before Cristian Fredy Aquino’s scheduled shift. When his key card for the turnstile failed, Aquino realized the rumors were true. The Nike factory in Misiones province, one of Argentina’s poorest, is proving to be the tip of the iceberg. …read more […]
World shares steadied near two-month highs on Monday, boosted by hopes for a trade deal and strong U.S. corporate earnings, while the dollar traded near its highest in a week before a Federal Reserve rate decision.
Beyond fresh insights into Alphabet Inc’s quarterly earnings on Monday, financial analysts could press executives for details on the U.S. antitrust probe by 48 states.
Oil prices fell on Monday after strong gains last week, as data released in China reinforced signs that its economy is slowing, though progress in China-U.S. trade talks has supported prices.
LVMH, the world’s biggest luxury group, said on Monday it had approached Tiffany & Co about a possible takeover of the U.S. jeweler.
Fierce winds fanning Californian wildfires are expected to abate on Monday, giving firefighters a chance to corral blazes that have scorched swaths of the picturesque wine country in the north and neighborhoods near Los Angeles in the south. “Most of the high wind and red flag warnings in the north expire about 11 a.m. today,” said Marc Chenard, a forecaster with the NWS’s Weather Prediction Center. The northern California wine country has borne the brunt of the fires, with 84 square miles (21,756 hectares) burned and 190,000 people evacuated in the so-called Kincade fire. …read more […]
European shares retreated on Monday as a glum profit outlook from the region’s largest lender HSBC offset gains in trade-sensitive sectors buoyed by positive developments on the U.S.-China trade front. The pan-European STOXX 600 index fell 0.2% at 0935 GMT with the banking index leading the losses. Asia-focused lender HSBC slipped 4% to the bottom of the benchmark index after it dropped its 2020 profit target, and said it would undertake a costly restructuring as the bank struggled amidst a slowing global environment. …read more […]
(Bloomberg) — Microsoft Corp. shares surged after the company scored a major victory in securing a milestone, $10 billion Pentagon contract for cloud computing services. But the contract — unthinkable for Microsoft even a year ago — will likely come at a cost, legal and internal.Amazon.com Inc., the market leader in cloud services, is considering a challenge to the award of the contract to Microsoft’s much smaller Azure business, citing President Donald Trump’s interference in the bidding process, according to a person familiar with the matter. Amazon had been widely considered the front-runner because of its superior size and previous …read more […]
Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.
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