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Monthly Archives: April 2018

Short sellers targeted chipmakers in March

Wall Street is growing less confident in the technology sector and continues to be negative on retailers, according to the latest data on short selling. Across the 11 S&P 500 sectors, five saw increases in the amount of available shares that are sold short, a bet that they will decline …

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Companies funding enough new renewable energy to power Iceland

Corporate America’s support for clean energy is gathering steam and expanding beyond big tech pioneers like Apple and Google. Companies signed deals that support the development of 2.8 gigawatts of new renewable power in the United States last year, according to a report from the Rocky Mountain Institute released Thursday. …

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GE Capital has ‘zero equity value’

General Electric’s finance business has “zero equity value,” Bank of America Merrill Lynch analysts wrote in a note Thursday. The GE Capital portfolio is under scrutiny after ending last year with $95 billion in debt outstanding, combined with two investigations into the business. The firm’s analysis comes as the Wall …

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Elliott wants Micro Focus, HPE Software and Suse owner, to go private

Jacob Kepler | Bloomberg | Getty Images Elliott Management founder and CEO Paul Singer speaks during the SkyBridge Alternatives conference in Las Vegas, May 9, 2012. Hedge fund Elliott Management is pushing UK software company Micro Focus, which merged with Hewlett Packard Enterprise’s software business last year, to sell to …

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Uber expands settlement with US FTC related to 2016 data breach

Adriano Machado | Reuters The chief executive of Uber Technologies, Dara Khosrowshahi. The U.S. Federal TradeCommission said on Thursday the ride-hailing company Uber Technologies had agreed to expand its proposed settlement with the agency over charges it deceived consumers about its privacy and data security practices. “I am pleased that …

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Doorman brokered $30,000 tabloid deal over Trump paternity rumor: Reports

Brendan McDermid | Reuters President Donald Trump’s personal lawyer Michael Cohen exits a hotel in New York City, April 11, 2018. A former Trump Tower doorman was reportedly paid $30,000 in late 2015 for his signing over the rights to a story about an unsubstantiated rumor that President Donald Trump …

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Trump tells reporters NAFTA deal is “pretty close”

Saul Loeb | AFP | Getty Images President Donald Trump and Canadian Prime Minister Justin Trudeau walk down the West Wing Colonnade between meetings at the White House in Washington, DC, February 13, 2017. A deal on NAFTA is “getting pretty close,” President Donald Trump told reporters at the White …

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Paris Saint-Germain in fresh UEFA FFP allegations

GEOFFROY VAN DER HASSELT | AFP | Getty Images Paris Saint-Germain’s supporters wave flags during the French Cup round of 16 football match between Paris Saint-Germain (PSG) and Guingamp (EAG) at the Parc des Princes stadium in Paris on January 24, 2018. British newspaper the Financial Times reported Wednesday that …

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Cryptocurrency eos leaps past litecoin into fifth place by market cap

A cryptocurrency with ties to former hedge-fund manager Michael Novogratz has surged past litecoin into fifth place by market capitalization. CoinMarketCap data showed eos climbed more than 30 percent over the last 24 hours for a market capitalization of nearly $7.1 billion, topping litecoin’s $6.8 billion. Bitcoin is the largest …

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Mark Zuckerberg made a lot of promises to get back to Congress

Saul Loeb | AFP | Getty Images Facebook CEO and founder Mark Zuckerberg testifies during a US House Committee on Energy and Commerce hearing about Facebook on Capitol Hill in Washington, DC, April 11, 2018. Facebook’s chief executive, Mark Zuckerberg — or perhaps more accurately, members of his staff — …

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