Business News
Fox posts offer document for Sky deal
Twenty-First Century Fox Inc on Tuesday posted an offer document and form of acceptance for its 14 pounds a share offer to buy UK’s Sky on Tuesday.
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Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla: source
Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has bought a minority stake in Tesla at just below 5 percent, a source familiar with the matter said on Tuesday.
Business News
S&P nears record as bank, tech stocks climb
The S&P 500 index hovered near record levels on Tuesday, lifted by gains in bank and technology shares, with a strong second-quarter earnings season fueling optimism about the strength in the U.S. economy.
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San Francisco is so expensive, tech workers can't affording housing – survey
A survey by Blind, an app that lets workers talk about the workplace, found that nearly 60% of tech workers say they can’t afford housing in the Bay Area. Yahoo Finance’s Seana Smith, Rick Newman, Dion Rabouin and Dan Roberts discuss. …read more […]
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Elon Musk considers taking Tesla private
Elon Musk is considering taking Tesla Inc private, he tweeted on Tuesday.
Business News
Saudi sovereign fund builds 3 to 5 percent stake in Tesla: FT
Saudi Arabia’s sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built a significant stake in Tesla Inc, the Financial Times reported on Tuesday, citing people with direct knowledge of the matter.
Business News
BMW recalls 324,000 cars in Europe after Korean engine fires: FAZ
German luxury carmaker BMW is recalling about 324,000 diesel vehicles in Europe to fix a technical fault that has caused engine fires in South Korea, German newspaper Frankfurter Allgemeine Zeitung (FAZ) said.
Business News
U.S. job openings hover at record highs in June
U.S. job openings held near record highs in June amid a modest decline in hiring, pointing to further tightening labor market conditions, which economists hope will soon spur faster wage growth.
Business News
S&P closes in on record as tech stocks climb
The benchmark S&P 500 was within striking distance of a record high on Tuesday, powered by gains in technology stocks, with a strong second-quarter earnings season fueling optimism about the strength in the U.S. economy.
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Why Mallinckrodt PLC Stock Is Surging 23% Today
Better-than-expected Q2 results provide a nice catalyst for the specialty drugmaker. …read more […]
Business News
China’s HNA to sell over $2 billion Avolon stake to Orix: sources
China’s HNA Group Co Ltd is in advanced talks to sell a 30 percent stake in aircraft lessor Avolon Holdings Ltd to Japan’s Orix Corp , two sources said, as the company attempts to restructure and trim stakes even in its core assets.
Business News
Stocks near six-month peak on China boost; S&P nears record, oil up
Equity markets around the world climbed to approach a six-month high on Tuesday, buoyed by a rebound in Chinese stocks, while corporate earnings helped push Wall Street’s benchmark S&P 500 index towards record levels.
Business News
UniCredit has stopped using Facebook for advertising: CEO
Italy’s UniCredit has stopped using Facebook for advertising and marketing campaigns and will not do so again until the U.S. giant improves its ethical standards, the bank’s CEO said on Tuesday.
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Icahn warns Cigna investors on Express Scripts deal
Carl Icahn is urging Cigna shareholders to reject the health insurer’s attempted multi-billion dollar takeover of Express Scripts, saying it’s paying too much for a company with a shaky future. The billionaire and activist investor warned that Express Scripts, a pharmacy benefit manager, could face substantial regulatory risks and intense competition from Amazon. Cigna said in March that it would pay $52 billion for Express Scripts, a deal on which shareholders will vote Aug. 24. …read more […]
Business News
S&P nears record on technology boost
The benchmark S&P 500 was within striking distance of a record high on Tuesday, powered by gains in technology stocks, and a strong second-quarter earnings season fueled optimism about the strength in the U.S. economy.