Fox’s international assets would comprise about 70 percent of the value of the businesses for sale in the proposed Comcast all stock deal, according to CNBC’s David Faber. The NBCUniversal parent is also eyeing Fox’s movie studio, cable networks and its regional sports network. Comcast shares traded lower by 1.7 …
Read More »General Electric Chairman and CEO John Flannery discloses purchase of 60,000 shares
The leader of embattled General Electric is stepping up and buying the company’s shares with his own personal funds. General Electric Chairman and CEO John Flannery disclosed he purchased 60,000 GE shares at a stock price of $18.27 on Wednesday in a government securities filing. The transaction is worth nearly …
Read More »India digitization could boost economy by trillions: Morgan Stanley
Dhiraj Singh | Bloomberg | Getty Images A sign informs customers they can pay using digital payment methods outside a clothing store in Bengaluru, India, on Feb. 4, 2017. “Our view is that that creates employment opportunities, that increases GDP per year by about 50 to 75 basis points, so …
Read More »‘Murdochs as we know them are now almost a thing of the past’: Michael Wolff
Getty Images Rupert Murdoch, center, with sons James Murdoch, (R) and Lachlan Murdoch. Last week CNBC reported, citing sources, that 21st Century Fox has been holding talks to sell most of the company to Disney, leaving only an entity focused on news and sports. Wolff called Rupert Murdoch “the man …
Read More »Caesars Entertainment acquires Centaur Holdings for $1.7 billion
George Rose | Getty Images Video slot machines at Caesars Palace in Las Vegas, Nevada. Caesars Entertainment said it has a deal to acquire Centaur Holdings for $1.7 billion in cash. As part of the deal Caesars would be able to add Indiana properties to its rewards network. CEO Mark …
Read More »Wall Street suddenly thinks Wal-Mart is ‘playing offense’ against Amazon
As shares rebound to all-time highs, Wall Street suddenly thinks Wal-Mart is ‘playing offense’ against Amazon. Shares of Wal-Mart closed up nearly 11 percent to record highs Thursday on the heels of a big earnings beat and strong online sales growth. The company posted its single best day in nine …
Read More »Shares of home goods retailer RH soar 25% on strong forecast
Shares of RH popped 25 percent on Thursday after the company issued guidance stronger than Wall Street analysts expected. The company expects adjusted earnings per share between $1.02 a share and $1.04 a share. Analysts were expecting RH to issue guidance of about 80 cents per share. “Our updated third …
Read More »Rockwell Automation shares surge after Emerson hikes takeover bid
Getty Images Denny Hamlin, driver of the #20 Rockwell Automation Chevrolet, races during the NASCAR Busch Series RoadLoans.com 200 at Dover International Speedway on September 22, 2007 in Dover, Delaware. Shares of Rockwell Automation jumped 8 percent in the premarket Thursday after Emerson Electric increased its takeover bid of the …
Read More »More Chinese firms are coming to list in the US — but don’t expect a flood, Nasdaq says
Michael Nagle | Bloomberg | Getty Images Richard Liu, founder and chairman of JD.com, during an IPO ceremony at the Nasdaq MarketSite in New York, U.S., on May 22, 2014. Although U.S. investors may be more familiar with China’s big-name tech players like Alibaba and JD.com, the IPO market is …
Read More »Chinese investors are stealthily pouring money into India
Sheng Jiapeng | CNSPHOTO | VCG | Getty Images Chinese President Xi Jinping and Indian Prime Minister Narendra Modi visit Daci’en Temple on May 14, 2015 in Xi’an, China. If you go by official Indian government figures, Chinese direct investments into the country this century hit a paltry $1.6 billion …
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