ValueAct bets on Citi’s rebound; raises stake to $2.1 billion
This month, Wall Street witnessed some major equity transactions involving activist investors, who either hiked or trimmed their stake in...
Microchip Technology shares rally after upbeat quarterly results
Arizona-based chip maker Microchip Technology (MCHP) inched 1.88% during the pre-market trading after the company reported an upbeat result during...
Market: Stocks to open lower ahead of Trump’s decision on N-deal
US futures are pointing to a lower open today after ending higher on Monday, as investors are cautious ahead of...
Mondelez goes premium with Tate’s buyout
Mondelez (MDLZ) announced on Sunday that it has decided to buy New York-based Tate’s Bake Shop for $500 million. With...
Valeant revenue slips even as it grapples to revive its brand
Valeant Pharmaceuticals (VRX) reported total revenues of $1.99 billion for the first quarter of 2018, a decrease of 5% from...
Snap CFO Drew Vollero to step down; to be replaced by Amazon’s Tim Stone
Social media firm Snap (SNAP) Monday said its Chief Financial Officer Drew Vollero will be leaving the company on May...
ZTE requests US officials to lift the 7-year ban on components
China-based phone manufacturer ZTE, which was struggling to survive post the ban imposed by the US authorities, has now asked...
Elliot Management bids for Athenahealth
Hedge fund Elliot Management Corp. has made an unsolicited bid for Athenahealth Inc. (ATHN) of $160 per share, or an...
Microsoft doubles down on AI chips to maintain cloud market share
In a step to narrow competition with Amazon (AMZN) Web Services and Alphabet’s (GOOGL) Google Cloud, Microsoft (MSFT) is bringing...
Activist Investor Carl Icahn divests stake in AIG
Last week, we heard the news about Warren Buffett adding another 75 million shares of Apple (AAPL) and increasing Berkshire...
Apple is now so close to $1 trillion mark that there is no stopping it
Though Warren Buffett is one of those rare species who “is scared to use” an iPhone, his conviction in Apple...
Global coffee alliance: Nestlé joins hands with Starbucks
In a mammoth coffee mix, Swiss giant Nestlé will team up with American sweetheart Starbucks (SBUX) to sell its coffee...
IFF agrees to buy Israel-based Frutarom
International Flavors and Fragrances Inc. (IFF) has agreed to acquire Israel-based natural ingredients producer Frutarom for about $7.1 billion. The...
Blackstone’s buying spree continues with Gramercy deal
Blackstone today announced that it’s buying Gramercy Property Trust (GPT) for $7.6 billion. The private equity (PE) firm has agreed...
Del Frisco’s acquires Barteca for $325 mln to spice up brand portfolio
After registering downbeat comparable sales and profit at the beginning of the fiscal year, steakhouse restaurant chain Del Frisco’s Restaurant...
Market: Stocks to open higher as oil rallies above $70
US futures are pointing to a higher open today after ending higher on Friday, as investors are carrying on the...
Tyson Foods tumbles in pre-market on weak second quarter results
Tyson Foods (TSN) that specializes in chicken products missed earnings and sales estimates in its second quarter sending the shares...
Tariff drags Chinese imports; US govt demands $200 bln cut in trade deficit
Continuing its trade offensive against China, the Trump administration has asked Beijing to further reduce export of Chinese commodities to...
Cognizant posts upbeat revenue in the first quarter
With a 10.3% rise in revenues of $3.91 billion, Cognizant Technology Solutions (CTSH) beat Street estimates in the first quarter...
Former Volkswagen CEO indicted over emissions scandal
The US Justice Department indicted Volkswagen’s former CEO Martin Winterkorn for conspiring with fellow executives to cover up the diesel...
Flipkart deal will pitch Walmart against Amazon in India
Walmart’s (WMT) global expansion plans just received a major boost with the board of India-based e-commerce major Flipkart agreeing to...