Red Hat shareholders give green signal for acquisition by IBM
The closely-followed acquisition of software company Red Hat (RHT) by tech giant IBM (IBM) moved closer to completion after the…
Netflix’s price hikes might be a good thing
Netflix Inc. (NFLX) is raising its monthly subscription prices in the US. The lowest plan rate will go from $8…
Earnings preview: Spin-off to make VF Corp stronger
Maker of branded apparel, VF Corp (VFC), is scheduled to report third-quarter results on Friday, January 18. Analysts expect the…
Snap’s stock plunges 11% after news of CFO’s exit
Snap Inc. (SNAP) saw its shares topple 11.7% in morning trade on Wednesday after the company disclosed that its CFO…
Fiserv’s $22-bln buyout of First Data will redefine fintech, payment processing
After a year of hectic M&A activity, more US companies are taking the consolidation route to streamline operations and enhance…
Nissan might sue ousted chairman Carlos Ghosn
Renault SA chief and former Nissan Motor Co chairman Carlos Ghosn might be facing a civil suit from the carmaker…
Goldman Sachs jump 3% after beating street projections in Q4
Banking giant Goldman Sachs (GS) on Wednesday smashed past analysts’ estimates for the fourth quarter. The company reported quarterly earnings…
PNC Financial fails to meet Street’s expectations in Q4
The PNC Financial Group (PNC) reported Q4 earnings and revenue that missed analysts' predictions. The company reported earnings of $2.75…
Bank of New York Mellon Q4 profit falls; adj. earnings increase
The Bank of New York Mellon Corp. (BK) reported lower earnings for the fourth quarter, despite an increase in revenues.…