EU News Digest Latest News & Updates
Dominic Lipinski – PA Images | PA Images | Getty Images The Park Lane Sheraton Grand in London, a Marriott Starwood hotel. Marriott has announced 500 million guests’ data may have been exposed during breaches. Marriott will relaunch its loyalty program under a new brand name, the company said on …
Read More »Jefferies downgrades Anheuser Busch: Earnings ‘disappointment’ likely
Daniel Acker | Bloomberg | Getty Images A customer shops in a supermarket in Princeton, Illinois. Jefferies downgraded its outlook on Anheuser Busch Inbev’s stock to underperform on Wednesday, saying the brewing company is facing heavy global competition, hurting any near term growth. “Market share pressures could lead to some …
Read More »Fiserv to buy First Data in a $22 billion all-stock deal
Richard Drew | AP A banner for First Data Corp. adorns the facade of the New York Stock Exchange, to mark the company’s IPO, Thursday, Oct. 15, 2015. Fiserv on Wednesday announced plans to buy First Data in an all-stock transaction the companies valued at $22 billion. Under the terms …
Read More »Charts suggest lower volatility, higher stock prices ahead
The market’s fear gauge is signaling that stocks will see less volatility and higher prices in the next few months, CNBC’s Jim Cramer said Tuesday after consulting with a top volatility chartist. The fear gauge, also known as the CBOE Volatility Index or the VIX, tracks S&P 500 option prices …
Read More »McDonald’s loses EU trademark battle over the Big Mac
Oliver Berg | picture alliance | Getty Images A man drinks a coke and eats a Big Mac at a McDonalds in Cologne, Germany, 25 May 2015. McDonald’s has lost its trademark for its Big Mac burger in the European Union. According to multiple reports in the British press, the …
Read More »Goodyear tanks after profit warning, cites weakening environment
Jie Zhao | Corbis News | Getty Images An employee works at a tire store in Hefei, China. Goodyear shares plunged 12 percent after the company announced that fourth-quarter tire unit volumes declined by about 3 percent due to the continued weakening of the environment in China and India. The …
Read More »Slack prepares to go public with plenty of cash on hand: report
Adam Galica | CNBC Stewart Butterfield, co-founder and CEO of Slack, at the 2018 WEF in Davos, Switzerland. Slack has plenty of cash on hand to fuel its reported plans for a direct listing on the public market this year, according to The Information. The company had about $900 million …
Read More »Attorney general nominee William Barr addresses antitrust and tech
Kevin Lamarque | Reuters William Barr testifies at the start of the U.S. Senate Judiciary Committee confirmation hearing on his nomination to be attorney general of the United States on Capitol Hill in Washington, January 15, 2019. William Barr told U.S. senators in his confirmation hearing for attorney general on …
Read More »FDA resuming some food inspections halted by shutdown
Frederic J. Brown | AFP | Getty Images A man shops for vegetables beside Romaine lettuce stocked and for sale at a supermarket in Los Angeles. The Food and Drug Administration said it will resume inspections of some of the riskiest foods such as cheeses, produce and infant formula as …
Read More »Tesla is ahead of automakers in 3 key categories: Tech money manager
Patrick T. Fallon | Bloomberg | Getty Images An employee cleans a Tesla Model 3 electric vehicle on display at the company’s showroom in Newport Beach, California, U.S., on Friday, July 6, 2018.Patrick T. Fallon/Bloomberg via Getty Images Also, the type of battery that Tesla uses gives it an additional …
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