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Comcast gets in the way of Fox and Disney
Here comes a new twist in the whole Comcast-Sky-Fox-Disney tussle. Comcast (CMCSA) is said to be in discussions...
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Uber’s flying car one step closer to take-off
Complementing a prediction by its CEO earlier this year, ride-sharing company Uber unveiled the prototype of its flying...
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Intercontinental Exchange may soon have a bitcoin trading platform
Intercontinental Exchange (ICE) is building a platform where one can trade bitcoins, according to multiple media reports. ICE...
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ValueAct bets on Citi’s rebound; raises stake to $2.1 billion
This month, Wall Street witnessed some major equity transactions involving activist investors, who either hiked or trimmed their...
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Microchip Technology shares rally after upbeat quarterly results
Arizona-based chip maker Microchip Technology (MCHP) inched 1.88% during the pre-market trading after the company reported an upbeat...
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Market: Stocks to open lower ahead of Trump’s decision on N-deal
US futures are pointing to a lower open today after ending higher on Monday, as investors are cautious...
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Mondelez goes premium with Tate’s buyout
Mondelez (MDLZ) announced on Sunday that it has decided to buy New York-based Tate’s Bake Shop for $500...
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Valeant revenue slips even as it grapples to revive its brand
Valeant Pharmaceuticals (VRX) reported total revenues of $1.99 billion for the first quarter of 2018, a decrease of...
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Snap CFO Drew Vollero to step down; to be replaced by Amazon’s Tim Stone
Social media firm Snap (SNAP) Monday said its Chief Financial Officer Drew Vollero will be leaving the company...
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ZTE requests US officials to lift the 7-year ban on components
China-based phone manufacturer ZTE, which was struggling to survive post the ban imposed by the US authorities, has...
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Elliot Management bids for Athenahealth
Hedge fund Elliot Management Corp. has made an unsolicited bid for Athenahealth Inc. (ATHN) of $160 per share,...
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Microsoft doubles down on AI chips to maintain cloud market share
In a step to narrow competition with Amazon (AMZN) Web Services and Alphabet’s (GOOGL) Google Cloud, Microsoft (MSFT)...