Netflix Makes Over $300 Million Offer For LA Billboard Company
Netflix Inc. (NASDAQ:NFLX) has reportedly offered more than $300 million to buy Regency Outdoor Advertising, a company that owns billboards across Los Angeles, including those on West Hollywood’s famed Sunset Strip. Netflix has previously used ... [Read]
Fed Hikes Interest Rate, Its First Under New Chief Powell
On Wednesday, the U.S. Federal Reserve expectedly raised interest rates for the first time this year, also the first rate hike under new chief Jerome Powell. At least two further interest rate hikes are forecast ... [Read]
Caterpillar To Close Two Facilities, Cut Up to 880 Jobs
As part of its previously announced restructuring, heavy-duty equipment maker Caterpillar Inc. (NYSE:CAT) announced today that it plans to close two facilities and may even shut down its engine manufacturing plant in Illinois. This would ... [Read]
Donald Trump Blocks Broadcom’s Takeover of Qualcomm
On Monday afternoon, U.S. President Donald Trump issued an order to block Broadcom Ltd. (NASDAQ:AVGO)’s proposed $117 billion takeover of Qualcomm Inc. (NASDAQ:QCOM), which has been under government scrutiny due to national security concerns. The ... [Read]
Dropbox Files For IPO, Valuation At $7 Billion
On Monday, Dropbox filed to go public, valuing the company at close to $7 billion, which is about a third below its purported valuation three years ago. This “drop” in valuation is said to be ... [Read]
Walmart Stock Plunges On Profit, Online Sales Growth Declines
Walmart Stock Plunges have investors worried. Walmart Inc. (NYSE:WMT) shares plunged by more than 10% on Tuesday as the world’s largest retailer posted a sharp decline in profit and online sales growth during the holiday ... [Read]
BlackRock Inc. Upgrades U.S. Equities On Strong Earnings
The world’s largest asset manager BlackRock Inc. has upgraded U.S. equities to “overweight” on strong earnings results for the fourth quarter. However, it has also downgraded European stocks to neutral. Explaining its reasons for the ... [Read]
Amazon, Berkshire & JPMorgan Enter Landmark Healthcare Partnership, Sending Shockwaves Throughout Industry
Though it is not surprising that Amazon Inc. (NASDAQ:AMZN) has been looking to dabble in the American healthcare sector, CEO Jeff Bezos has now convinced his counterparts at both Berkshire Hathaway Inc. (NYSE:BRK.A) and JPMorgan ... [Read]
Market Movers: Canada Launches Dispute Against U.S. Trade Practices
The Economy Canada Launches Trade Dispute Against United States Over Trade Remedies Canada has launched a trade dispute against the United States over its anti-dumping and anti-subsidy duties. In its filing with the WTO, Canada ... [Read]
Market Movers: GoPro Plans Layoffs, Considers Selling Itself
The Economy Saudi Arabia Converts Aramco Into Joint-Stock Company Ahead of IPO Saudi Arabia has converted national oil giant Aramco into a joint-stock company in preparation for an IPO later this year. The plan is ... [Read]