Telecom giant Verizon Communications Inc. has agreed to acquire the operating business of struggling Internet company Yahoo Inc. for about $4.83 billion in cash, the two companies said Monday. The transaction is expected to close in the first quarter of 2017.
Sprint Corp. (S) reported the highest fiscal first quarter postpaid phone net additions in nine years with 173,000 in the quarter compared to net losses of 12,000 in the prior year quarter. The company said 185,000 year-over-year improvement was driven by both better acquisition and retention, as postpaid...
British business confidence plunged to its lowest level in seven-and-a-half years, after the surprise "Brexit" vote, survey results from the Confederation of British Industry (CBI) showed Monday. The quarterly CBI Industrial Trends survey showed that 52 percent of firms were less optimistic about the general business situation than three months ago, while 5 percent said they were more optimistic.
Germany's business sentiment weakened in July as the 'Brexit' vote made businesses less optimistic about their future. Nonetheless, they assessed a slight improvement in the current situation. The business climate index fell less-than-expected to 108.3 in July from 108.7 in June, survey results from the Munich-based Ifo economic institute showed Monday. The expected score was 107.5.
Early indications suggest that Wall Street stocks may open Monday's session on a slightly positive note, even as the averages trade either at record high or near highs. Asian stocks ended on a lackluster note, while as stocks opened in Europe, some encouragement came from positive earnings from companies...
European stocks rose on Monday as low-cost airline Ryanair posted a slight increase in first-quarter net profit and William Hill said it received a "highly preliminary" approach from 888 Holdings and Rank Group regarding a potential combination.
Better-than-expected German business sentiment data...
Shares of Telefonaktiebolaget LM Ericsson gained around 4 percent in the morning trading in Stockholm after Swedish telecom equipment maker announced Monday the departure of Hans Vestberg as its President and CEO as well as a Board member, with immediate effect. The move follows a sharp decline in its second quarter profit that triggered significant cost cut initiatives.
Dutch consumer electronics giant Philips Electronics NV reported Monday significantly higher profit in its second quarter, mainly with Funai arbitration award, despite weak sales. Comparable sales growth was 3 percent with improved HealthTech portfolio, despite weakness in Lighting. The company also maintained its outlook for fiscal 2016.
Professional, medical, industrial, and commercial products maker Danaher Corp. (DHR) is likely to release its second-quarter numbers before the bell on Monday, July 25. The consensus estimate calls for earnings of $1.22 per share and revenue of $5.76 billion for the quarter, according to analysts polled by Thomson Reuters.
European stocks look set to open flat to slightly higher on Monday as investors brace for another batch of earnings as well as key central bank meetings in the U.S. and Japan due later in the week.
The Federal Reserve is unlikely to raise its benchmark interest rate when its policy-making committee...
Tobira Therapeutics Inc. (TBRA) is all set to hold a teleconference and webcast at 8:30 a.m. Eastern Time today (July 25) to discuss phase IIb results for Cenicriviroc in patients with non-alcoholic steatohepatitis and liver fibrosis. Will Cenicriviroc make a mark? We will have to wait for the results.
Presumptive Democratic presidential nominee Hillary Clinton announced Friday that she has selected Virginia Senator Tim Kaine as her running mate. The announcement of Clinton's choice of Kaine as Vice President comes just three days before the Democratic National Convention in Philadelphia.
Stocks moved mostly higher over the course of the trading day on Friday, offsetting the pullback seen in the previous session. The gains on the day lifted the S&P 500 to a new record closing high, while the Nasdaq reached its best closing level of 2016.
Jeff Bezos, the CEO of Amazon, has overtaken Berkshire Hathaway's founder Warren Buffet to become the third-richest person in the world, according to the Bloomberg Billionaires Index.
Bezos is now behind clothing retailer Zara's founder Amancio Ortega, who is now second, and Bill Gates, co-founder...
Suggesting Republican presidential nominee Donald Trump and other Americans are embracing his ideas, former Ku Klux Klan leader David Duke announced Friday that he is running for U.S. Senate in Louisiana.