EU News Digest Latest News & Updates
Adam Galica | CNBC Scott Minerd, founding Managing Partner at Guggenheim, speaking at the 2019 WEF in Davos, Switzerland on Jan. 22, 2019. “The media and telecom industries look pretty overlevered to me,” including AT&T, he said. “I would take a look at [Comcast]. With the Sky acquisition, they’re going …
Read More »Netflix expected to join Motion Picture Association of America
Ore Huiying | Getty Images Netflix CEO Reed Hastings speaks during an interview on day two of the Netflix See What’s Next: Asia event at the Marina Bay Sands on November 9, 2018 in Singapore. Netflix is expected to join the Motion Picture Association of America, a person familiar with …
Read More »Tech firms should partner with banks
David Paul Morris | Bloomberg | Getty Images Bill Ready, chief operating officer of PayPal, speaks during a Bloomberg interview at the Goldman Sachs Technology and Internet Conference. MasterCard’s Cairns alluded to the payment card firm’s support for Apple’s payments platform Apple Pay as an example of a financial services …
Read More »Hyundai cleans up at Oscars of the automotive industry with big wins
Drew Angerer | Getty Images The 2019 Hyundai Kona Electric is unveiled at the New York International Auto Show, March 28, 2018 at the Jacob K. Javits Convention Center in New York City. It is already shaping up to be a good year for Hyundai. The Korean carmaker took home …
Read More »eBay shares surge on Elliott Management $1.4 billion stake
Bloomberg | Getty Images eBay’s headquarters in San Jose, California, U.S. Activist hedge fund Elliott Management announced a $1.4 billion stake in eBay in a letter to the e-commerce company’s board on Tuesday. Elliott’s stake, which represents more than 4 percent of eBay’s shares, comes with an extensive letter of …
Read More »Port operating giant DP World slams Chinese companies’ practices
YASUYOSHI CHIBA/AFP/Getty Images Djiboutian people hold China’s national flag before the launching ceremony of a new housing contruction project in Djibouti, on July 4, 2018. The new project is financially supported by China Merchants Group. China has poured billions of dollars into infrastructure projects across Asia and Africa as part …
Read More »San Francisco inequality because of Silicon Valley: Salesforce CEO
David Paul Morris | Bloomberg | Getty Images Marc Benioff, chairman and co-CEO of Salesforce, speaks during a Bloomberg Television interview at the Dreamforce conference in San Francisco on Sept. 25, 2018. Silicon Valley has driven San Francisco into a “train wreck” of inequality, with homelessness being a severe issue …
Read More »Facebook is making another attempt to win back teens
David L. Ryan | The Boston Globe | Getty Images Mark Zuckerberg, Harvard dropout and CEO of Facebook, a company worth nearly $400 billion, is pictured at the Harvard University commencement in Cambridge, MA on May 25, 2017. Facebook is making yet another attempt to win back teens to its …
Read More »FTC is reportedly considering a ‘record-setting fine’ against Facebook
Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. The Federal Trade Commission is considering imposing a “record-setting …
Read More »Tesla has $920 million in debt that’s coming due, could affect cash
Tesla has a billion dollar debt coming due, and it could wipe out nearly a third of the company’s cash if the stock price doesn’t improve. About $920 million in convertible senior notes expires on March 1 at a conversion price of $359.87 per share. But Tesla’s stock hasn’t traded …
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