Activist investor Morfit Mason and ValueAct sold about 7 million shares of Microsoft’s stock over the past week, according to regulatory filings released on Tuesday. The shares were sold at prices ranging from $72.50 apiece to $72.61 apiece, valuing the stake at over $500 million. Morfit sits on Microsoft’s board of directors, a seat he […]
Read moreAfter Intel completed its $15 billion tender offer to buy Mobileye on Tuesday, Jim Cramer wondered whether the deal was a sign that the tech giant was making a serious comeback. “For years, we watched as Intel hung out on the fringes of the great markets, great markets like mobile devices, the internet of things, […]
Read moreSince the stock market decided point-blank that Amazon would bring about the death of all things retail, Jim Cramer has noticed a change in sentiment that suggests that may not be the case. “I think the market’s finally starting to behave logically, at least when it comes to many phases of retail, which have been […]
Read morePresidio Terrace in San Francisco is one of the most exclusive neighborhoods in the city. Dianne Feinstein and Nancy Pelosi have lived there. And now it’s at the center of a street fight. The controversy is over the sale of one of the streets in the posh neighborhood. A Bay Area couple bought it for […]
Read moreThe benefits of a new Foxconn plant are worth $3 billion in incentives, according to Wisconsin Gov. Scott Walker. Two weeks ago, the Taiwanese technology company announced it will invest $10 billion to build a manufacturing facility in Wisconsin, creating 3,000 jobs. At the time of the announcement, Walker said the agreement could eventually grow […]
Read moreThe Walt Disney Company said Tuesday that issues at ESPN impacted operating income for its cable business. The segment saw operating income decline 23 percent year over year amid trouble at ESPN, Disney said in a statement. The sports network was plagued by higher programming costs and lower advertising revenue, as well as severance and […]
Read moreComments now are pouring in over the termination on Monday of Google software engineer James Damore, who sent a memo to co-workers on Friday challenging some of the tech giant’s diversity efforts, such as mentoring programs open only to people of a certain race or gender. Gizmodo posted the memo on the internet on Saturday […]
Read moreBitcoin’s jump to record highs this week put the digital currency close to being triple the price of gold. “Our initial bitcoin report viewed bitcoin as a ‘store of value’ and over time would be seen as an alternative to gold,” Thomas Lee, co-founder of Fundstrat, said in an email. In July, he became the […]
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There’s something in the charts that has renewed Todd Gordon’s faith in Apple. Just over a week ago, the founder of TradingAnalysis.com believed that Apple’s rally had temporarily stalled. But the stock’s performance after the tech giant reported earnings Aug. 1, when the shares hit a new all-time high, has the trader back on the […]
Read moreOnline sports merchandise retailer Fanatics is the latest company to get a cash infusion from SoftBank, a source close to the matter told CNBC. SoftBank and Fanatics are close to sealing a $1 billion deal, raising Fanatics’ valuation to $4.5 billion. The Wall Street Journal previously reported the news. The NFL also invested about $95 […]
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