The takeovers are coming, the takeovers are coming! At least that’s what CNBC’s Jim Cramer thinks based on the stock market’s response to some recent, large-scale combinations. “It’s pretty simple: the upward movement in the stocks of the acquirers is going to drive the takeover bus,” the “Mad Money” host said. Cramer began with the […]
Read moreIt hasn’t been an easy year for Hain Celestial Group founder, Chairman, President and CEO Irwin Simon. “I went through a year of hell,” Simon told CNBC’s Jim Cramer in a Wednesday interview on “Mad Money,” referring to a lengthy accounting probe into Hain’s financial practices. In his 24 years at Hain, Simon said “2017 […]
Read moreCNBC’s Jim Cramer found Wednesday’s market sentiment to be somewhat nearsighted about the potential catalysts that could drive stocks higher. “We’ve got to take a step back and look at the bigger picture here, because that’s what helped power today’s rally,” the “Mad Money” host said. For Cramer, the main market-moving theme was Hurricane Harvey […]
Read moreOn Wednesday morning, Uber investor Shervin Pishevar published a letter ahead of a hearing in the lawsuit fellow Uber investors Benchmark filed against former CEO Travis Kalanick. Pishevar is on Kalanick’s side. That hearing is already done, and the judge sent the case to arbitration, as Kalanick had pressed for. But the letter itself is […]
Read moreExpedia’s chief financial officer will be promoted to CEO, the company said on Wednesday. Mark Okerstrom will take over for Dara Khosrowshahi as president and CEO of the travel tech conglomerate. Khosrowshahi was recently named CEO of Uber. His job begins on Tuesday but Khosrowshahi will remain on Expedia’s board. (Expedia owns CarRentals.com.) “Prior to […]
Read moreThe European market has been a major part of Amazon’s international business, with Germany and the UK accounting for more than 17% of its total sales last year. Part of its success has to do with Amazon’s rapid distribution expansion in Europe, as this map from Citi Research shows. Since 2010, Amazon has significantly expanded […]
Read moreA judge has granted former Uber CEO Travis Kalanick a legal win on Wednesday by sending an explosive lawsuit brought by his investors to arbitration rather than ordering it to play out in his courtroom. The decision is the latest dramatic turn in an rift between Uber and once of his closest allies, Benchmark Capital, […]
Read moreCloud file syncing and sharing company Box on Wednesday saw its stock fall by as much as 7 percent after the company released better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on July 31. EPS: Excluding certain items, a loss of 11 cents per share vs. a loss of 13 […]
Read moreBroadSoft, a U.S. provider of software that helps companies offer cloud-based communications services, is exploring its options, including the potential sale of the company, according to people familiar with the matter. Shares of BroadSoft jumped more than 10 percent in afternoon trade. The move comes as BroadSoft faces increasing competition from larger technology companies such […]
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Apple is getting closer to the $1 trillion mark. Shares of the iPhone maker hit another all-time high Wednesday. At $163.89, they are just $30 a share away from making Apple the first U.S. company to cross the $1 trillion threshold in terms of market capitalization. That would put Apple’s size slightly less than the […]
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