Trading Ideas
GameStop confirms buyout talks as downloads take their toll
It won’t shock you to hear that GameStop has been suffering as downloads have …read more […]
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Business News
ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt
HONG KONG (Reuters) – Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.
Business News
Airbus seeks China deal after diplomatic gaffe: sources
PARIS (Reuters) – Airbus is in talks to rescue a plane sale to China thrown into doubt earlier this year shortly after a perceived gaffe by two European envoys over China’s sensitive historical relationship with Japan, people familiar with the matter said.
Business News
VW and Ford mull alliance to develop and make transporter vans: sources
FRANKFURT (Reuters) – Volkswagen and Ford are in preliminary talks over a development and production alliance for commercial transporter vans, two sources familiar with the matter said on Tuesday.
Business News
Activist Icahn gains control of board in proxy fight at SandRidge Energy
OKLAHOMA CITY (Reuters) – Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell.
Business News
UK happy with Murdoch’s Sky News commitments in relation to Sky bid
LONDON (Reuters) – Britain said Rupert Murdoch’s Twenty-First Century Fox had answered its remaining doubts about the independence of Sky News if it buys all of its parent Sky, paving the way for a takeover battle over the pay-TV group.
Business News
China slams U.S. ‘blackmailing’ after Trump makes new trade threat
BEIJING/WASHINGTON (Reuters) – China accused the United States on Tuesday of “extreme pressure and blackmailing” and vowed to retaliate after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods in an escalation of the trade conflict between the world’s two biggest economies.
Business News
Activist Carl Icahn gains control of board in proxy fight at SandRidge Energy
OKLAHOMA CITY (Reuters) – Activist investor Carl Icahn on Tuesday won at least four seats on the board of SandRidge Energy , winning a battle for control of the U.S. shale producer that he wants to sell to others or buy himself.
Business News
Wall Street slides, Dow erases 2018 gains as trade spat intensifies
(Reuters) – U.S. stocks slumped on Tuesday, with the Dow Jones Industrial Average erasing its gains for the year, as markets were rattled by a sharp escalation of the trade dispute between the United States and China.
Trading Ideas
Wall Street slides, Dow erases 2018 gains as trade spat intensifies
U.S. President Donald Trump, in an unexpectedly swift and sharp move, threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate. Trump said his move followed China’s decision to raise tariffs on $50 billion in U.S. goods, which came after U.S. announced similar tariffs on Chinese goods on Friday. At 9:40 a.m. ET, the Dow Jones Industrial Average was down 300.90 points, or 1.20 percent, at 24,686.57. …read more […]
Business News
Wall Street falls as China-U.S. trade tensions mount
(Reuters) – U.S. stocks opened lower on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened worries that tit-for-tat tariffs could spiral into a trade war.
Business News
Wall Street set to slide as China-U.S. trade spat escalates
(Reuters) – Wall Street was set to open sharply lower on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened concerns that tit-for-tat tariffs could spiral into a trade war.
Trading Ideas
3 Growth Stocks to Buy and Hold for the Next 50 Years
These fool.com contributors looked into the future and came away with three companies that have one common thread. …read more […]
Business News
Fender revamps its electric guitars amid sales recovery
(Reuters) – Fender Musical Instruments Corp, the iconic electric guitar maker whose instruments have powered music from Eric Clapton to contemporary acts like Daniel Caesar, is replacing its biggest-selling lineup of guitars as its sales tick up.
Trading Ideas
Google's Larry Page 'floored' an early investor when he predicted it could be twice as big as Yahoo before it even had a business model (GOOG, GOOGL)
In 1999, before Google was a well-known (or well-funded) company, founders Larry Page and Sergey Brin were discussing their company with a new board member. Page and co-founder Sergey Brin’s goal was to “organize the world’s information and make it universally accessible and useful,” recalls venture capitalist John Doerr in his book “Measure What Matters.” But first, Doerr — who had already invested $11.8 million to take a 12% ownership stake and a board seat — had to help them organize their newly incorporated company. …read more […]