Check out which companies are making headlines before the bell: Roku – Roku priced its initial public offering at $14 per share, at the top of the expected range for the maker of streaming video devices. The pricing values the company at about $1.3 billion. Blackberry – The company formerly known best for its iconic […]
Read moreLyft is close to hiring an initial public offering (IPO) advisory firm, in the first concrete step by the second biggest U.S. ride service company to become publicly listed, according to people familiar with the matter. Lyft’s IPO preparations come as its larger competitor, Uber Technologies, is attempting to recover from a range of scandals. […]
Read moreWe haven’t even started third-quarter earnings season, and already the debate focuses on what could be called peak earnings. Is this the top for the cycle of rising earnings that began last year? Not yet, and you can partly thank the renewed prospects for tax cuts. The markets took a leg up to historic highs […]
Read moreHow do you pay for an estimated $5.8 trillion tax cut? For President Donald Trump and Republican congressional leaders, that is the mostly unanswered $5,800,000,000,000 question. The plan they released Wednesday took a first step toward outlining how Republicans propose to cover some of the monumental cost over the next 10 years, mainly by removing […]
Read moreEuropean Union (EU) regulators told CNBC Thursday that it is “premature” to make a decision on whether Google’s attempt to remedy its antitrust violation on its shopping service is sufficient. Google was fined a record 2.4 billion euros ($2.7 billion) in June by the European Commission, the EU’s executive arm. It was accused of abusing […]
Read moreSouth Korea expects more provocative acts by North Korea next month, to coincide with the anniversary of the founding of the North Korean communist party and China’s all-important Communist Party Congress. During a meeting with President Moon Jae-in on Thursday, national security adviser Chung Eui-yong said he expected Pyongyang to act around Oct. 10 and […]
Read moreExecutives from Facebook, Alphabet’s Google and Twitter have been asked to testify before the U.S. Congress in coming weeks as lawmakers probe Russia’s alleged interference in the 2016 U.S. election, committee sources said on Wednesday. A Senate aide said executives from the three firms had been asked by the Senate Intelligence Committee to appear at […]
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ONE group of Facebook friends that Mark Zuckerberg recently decided were not worth hanging out with were its public shareholders, who expected to cross-examine him (via a lawyer) on September 26th in a Delaware court. At issue would have been Mr Zuckerberg’s plans to refashion the social-media firm’s share-ownership structure more in his favour. There […]
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THERE are 36 gradations in India’s archaic caste system, from the priestly to the supposedly untouchable. And then, somewhere below that, are the long-haul truck-drivers. Plying the subcontinent’s potholed highways for weeks at a time, few can settle into anything like a home life. Their marriage prospects are grim; venereal diseases and sore backs from […]
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DEATH does not end all uncertainties. News that Liliane Bettencourt, a glamorous 94-year-old Parisian heiress, died on September 20th has provoked a flurry of investor speculation over L’Oréal, the world’s biggest cosmetics company. She had held a controlling stake in the firm her father, an inventor of hair dyes, founded in 1909. Its market value […]
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