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Siemens To Cut 6,900 Jobs Worldwide, Including 1,800 In U.S.
Article By: The Fly
Thursday, November 16, 2017 10:33 AM EST
Roughly half of these jobs are in Germany. Outside Germany, the restructuring measures will eliminate a total of just over 1,100 jobs in European countries.
In this article: SIEGY
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Berkshire Takes New Position In Bank Of America, Lowers Stake In IBM
Article By: The Fly
Wednesday, November 15, 2017 2:14 AM EST
Warren Buffett's Berkshire Hathaway disclosed in an SEC filing its holdings as of September 30. Berkshire Hathaway's one new buy during the third quarter was Bank of America.
In this article: BAC, BRK-A, BRK-B Also: AAPL, IBM, KO, WFC, KHC, WBC, SYF
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Paypal Suspends TIO Operations After Finding Security Vulnerabilities
Article By: The Fly
Monday, November 13, 2017 10:22 AM EST
PayPal announced late Friday that TIO Networks, a publicly traded company it acquired in July, has suspended operations to protect TIO's customers. The PayPal platform is not impacted by this situation in any way and PayPal's data remains secure.
In this article: PYPL
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GE Is Crashing
Article By: Tyler Durden
Monday, November 13, 2017 10:11 AM EST
Buyers of last resort, hoping that GE just kitchen-sinked by slashing its dividend by 50%... are in trouble. Everything was fine until CEO Flannery started speaking.
In this article: GE
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For The First Time Since The Financial Crisis GE Slashes Dividend In Half
Article By: Tyler Durden
Monday, November 13, 2017 7:55 AM EST
The last time GE reduced its dividend was during the 2008-09 recession; in many ways today's cut is more painful to shareholders as it is not due to broader economic conditions, but due to company-specific factors.
In this article: GE
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Bitcoin Continues To Tumble; Erases $38 Billion In Market Capital
Article By: Samed Olukoya
Monday, November 13, 2017 6:52 AM EST
The unregulated global digital currency Bitcoin continues to tumble following the suspension of Segwit2x software upgrade on Wednesday.
In this article: BITCOMP
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Baker Hughes Announces $3b Share Repurchase Authorization
Article By: The Fly
Monday, November 6, 2017 9:30 AM EST
The company will use the proceeds from the sale of its BHGE LLC common units to repurchase its Class A shares. In addition, the company also announced its intention for BHGE LLC to issue new debt.
In this article: BHGE Also: GE
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Broadcom Offers Hostile $130 Billion Deal To Buy Qualcomm In Largest Tech Acquisition In History
Article By: Tyler Durden
Monday, November 6, 2017 7:40 AM EST
Broadcom's bid consists of $60 in cash and $10 in shares, representing a 28% premium to QCOM's closing price on Thursday, a day before media reports of a potential deal pushed up the company's shares.
In this article: BRCM, QCOM
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Companies Dabbling In Cryptos And Making Big Bucks
Article By: Yohay Elam
Monday, November 6, 2017 2:28 AM EST
Small businesses that seek to go global, established tech companies and startups can benefit from the rising popularity of cryptocurrency.
In this article: NVDA, AMD, MU, INTC, PYPL, BITCOMP
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Under Armour Drops Amid Management Shake Up, Lowered Expectations
Article By: The Fly
Thursday, November 2, 2017 11:41 AM EST
Shares of Under Armour dropped in morning trading following a report that two more senior executives are leaving the company.
In this article: , UA, UAA Also: NKE, AMZN
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Goldman Throws Up On Tesla Earnings: Reiterates Sell, Cuts Price Target To 36% As Stock Tumbles
Article By: Tyler Durden
Thursday, November 2, 2017 9:59 AM EST
One day after Tesla announced its worst quarter in history, in which it burned a record $1.4 billion in cash, Goldman has guaranteed it will not be an underwriter on the next Tesla stock offering.
In this article: TSLA
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Papa John's Pulls NFL Ads Due To "Negative Consumer Sentiment"
Article By: Tyler Durden
Thursday, November 2, 2017 6:15 AM EST
While the last few sponsors/advertisers to pull their money from the NFL were shrugged off by some, the decision by the major pizza chain - which is a mainstay of almost every commercial break will perhaps shock a few more owners.
In this article: PZZA
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Amazon Registers Crypto, Ethereum Domains As Rumors Swirl It May Soon Accept Bitcoin
Article By: Tyler Durden
Thursday, November 2, 2017 3:14 AM EST
Amazon has faced years of lobbying and rumors regarding its Bitcoin relationship ever since smaller competitor Overstock (which recently announced plans to raise capital via an ICO) became a pioneering virtual currency adherent in 2013.
In this article: AMZN Also: BITCOMP
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Hershey Announces $100 Million Share Repurchase Authorization
Article By: NASDAQ GlobeNewswire
Thursday, October 26, 2017 9:51 AM EST
Purchases under the new authorization will commence after the current program is completed. Hershey is authorized to purchase its outstanding shares in open market and privately negotiated transactions.
In this article: HSY
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Founding Trio Of $158 PE Titan Carlyle Is Stepping Down From Day To Day Operations
Article By: Tyler Durden
Wednesday, October 25, 2017 8:15 AM EST
Carlyle, the favorite private equity firm of Washington D.C. and the "military industrial complex", has named two executives as successors to the ageing founders of the $158 billion fund.
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Exactech To Be Acquired By TPG Capital For $42 Per Share In Cash
Article By: The Fly
Monday, October 23, 2017 10:07 AM EST
Exactech announced that it has entered into a definitive merger agreement under which TPG Capital, the global private equity platform of alternative asset firm TPG, will acquire all of the outstanding shares of Exactech common stock.
In this article: EXAC
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