SoftBank will not be making an investment in Uber, sources tell CNBC. The Japanese conglomerate had been considering an investment in the ride-hailing company at a time when Uber’s management is in turmoil, but those talks are now dead, the sources said. SoftBank already has positions in Ola, the big ride-hailing company in India, and […]
Read moreWhen Bob Bakish was named acting CEO of Viacom last October, most media reporters and sell-side analysts saw him as a caretaker. They thought it was a signal that Viacom’s owner, Shari Redstone through National Amusements’ controlling stake, was gearing up to merge the company into CBS and let Les Moonves run it. Nine months […]
Read moreShares of Charter Communications shot up 7 percent in trading Monday on talk the Japanese conglomerate SoftBank Group will make a direct bid for the U.S. cable operator despite Charter’s rejection of a merger proposal by Sprint. SoftBank chairman Masayoshi Son is planning to make a bid to directly purchase Charter later this week, Bloomberg […]
Read moreAn analyst at a small research firm is doubling down on his negative call for Facebook shares after the social media giant reported blow out earnings results last week. Pivotal Research lowered its rating for the internet company to sell from hold, saying it is facing digital ad saturation risk as large companies are “scrutinizing” […]
Read more
Snapchat’s stock dropped as its IPO “lockup” period expired Monday, allowing early insiders and employees to sell up to 400 million shares. Snap shares were down 3 percent in premarket trade Monday morning to about $13.42 a share. The stock first fell below its $17 IPO price in July and has been under tremendous pressure […]
Read moreSome members of Uber’s eight-person board were excited about the idea of Meg Whitman becoming the ride-hailing company’s next chief executive. Ms. Whitman, the chief executive of Hewlett Packard Enterprise and a former leader of eBay, appeared to have many of the right traits for the job: experience, maturity, a level head — the kind […]
Read moreStock market adrenaline junkies are in luck. Several companies reporting earnings over the next two weeks are expected to see big moves on their results. Among large companies, the ones expected to see the largest pops or drops are Groupon, Weight Watchers, Yelp, Twilio and Snap, according to MKM Partners derivatives strategist Jim Strugger. “If […]
Read moreCheck out which companies are making headlines before the bell: Scripps Networks – The cable network operator agreed to be bought by Discovery Communications for $14.6 billion in cash and stock, or $90 per share. That compares to a Friday close for Scripps of $86.91, but it had been trading around $67 earlier in the […]
Read moreStellar earnings last week appear to show that the turmoil in Washington “doesn’t seem to matter,” investment strategist Simeon Hyman told CNBC on Monday. “We have a little over half the companies reporting so far. We have 6 percent top-line growth and double-digit earnings growth,” Hyman, head of investment strategy at ProShares Advisors, said on […]
Read moreFacebook’s chief operating officer, Sheryl Sandberg, has said that removing the encryption on WhatsApp messages would prevent governments from getting information about how terrorists communicate. The encryption — a way of protecting information — of WhatsApp messages has been under fire from politicians such as U.K. Home Secretary Amber Rudd. She criticized the app after […]
Read more