Cart

0

Stocks

“Cloudflare stock jumps 21% on earnings beat as the company wins larger deals”

“Cloudflare shares rose 21% in extended trading on Thursday after the web security and content distribution network provider issued results and quarterly guidance that proved more robust than analysts had projected. Here’s how the company did, in comparison with estimates from… Continue Reading…

Business, Stocks

“Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal”

“Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The… Continue Reading…

Energy

“Diamondback agrees to $26 billion deal to buy Endeavor Energy in growing Permian push”

“Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the… Continue Reading…

Business

“Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff”

“Amazon said on Monday it would not move forward with a planned acquisition of vacuum-maker iRobot, with the two companies saying in a release there was “no path to regulatory approval for the deal.” The Roomba maker also announced it would lay off 31% of its… Continue Reading…

Business

“Netflix will host WWE’s Raw starting next year in multibillion dollar deal”

“Netflix (NFLX) and TKO Group Holding’s WWE (TKO) announced a new partnership early Tuesday that will bring WWE’s flagship program Raw to the streaming service, beginning January 2025. The 10-year deal marks Netflix’s first big venture into the world of live sports… Continue Reading…

Business

“NCAA and ESPN ink 8-year, $920 million media rights deal”

“The NCAA and ESPN have reached a new eight-year media rights deal worth more than $115 million annually, as the value of sports media rights reaches new heights. The new agreement carries an annual value of roughly three times the current 14-year deal,… Continue Reading…

Business

“Karuna Therapeutics surges 47% after Bristol Myers Squibb announces $14 billion deal”

“Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock closed up more than 47% on the news Friday, hitting $317.85 a share. Bristol Myers Squibb shares closed up 2%…”… Continue Reading…

Business

“Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion deal”

“Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years. Alaska would pay $18 a share for Hawaiian and would take… Continue Reading…

Business

“Broadcom closes $69 billion VMware deal [acquisition] after China approval”

“Broadcom on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware after receiving regulatory approval in last major market China and ending a months-long saga… China’s regulatory approval came through on Tuesday after ongoing tensions with the U.S. around… Continue Reading…

Business

“Ford Agrees to 25% Wage Hike in Tentative Deal to End UAW Strike”

“…Ford agreed to a record 25% hourly wage hike over the life of the contract, which exceeds four years. With cost-of-living allowances, the top wage rate is expected to increase by 33%. The top pay will be over $40 an… Continue Reading…