[ad_1] UBS continues to integrate Credit Suisse into its operations, dealing with high general and administrative costs related to the acquisition. “There is a significant amount of restructuring and optimization that must take place over the next three years before we can harvest the full benefits of the combination,” Chief Executive Sergio Ermotti said during […]
[ad_1] Investors bought up shares of Etsy Inc. on Thursday after the online crafts marketplace added to its board of directors a partner of hedge fund Elliott Investment Management L.P., which recently acquired a “sizable” stake in the company. Etsy ETSY, +9.31% said Marc Steinberg, who is responsible for public- and private-equity investments at Elliott, […]
[ad_1] Macy’s Inc. said Sunday it has rejected an unsolicited bid by Arkhouse Management and Brigade Capital Management to take the department-store chain private in a $5.8 billion deal, citing concerns over financing. In a statement, Macy’s M, -1.67% said Arkhouse and Brigade failed to address the board’s concerns over their ability to finance the […]
[ad_1] JetBlue Airways Corp. and Spirit Airlines Inc. said late Friday that they have appealed a court ruling that earlier this week blocked their planned merger. JetBlue JBLU, -1.19% and Spirit SAVE, +17.19% announced the appeal in a terse press release that provided no more details, adding only that the process is “consistent with the […]
[ad_1] Amazon’s $1.4 billion deal for Roomba-maker iRobot looks set to be blocked by European Union antitrust authorities. It’s only a small setback for the e-commerce giant but it’s a reminder that regulators are still skeptical over acquisitions made by big technology companies. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
[ad_1] Department-store chain Macy’s Inc. plans to cut 2,350 jobs and close five stores, the Wall Street Journal reported on Thursday, as the company tries to curb expenses and meet the demands of what it said was “an everchanging consumer and marketplace.” The cuts, which amount to around 13% of Macy’s M, +0.39% corporate staff […]
[ad_1] Spirit Airlines stock was falling again Thursday as the ultra-low-cost carrier’s predicament worsened. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
[ad_1] In an effort to keep up in the accelerating AI arms race, cloud-services provider Hewlett Packard Enterprise Co. on Tuesday agreed to buy Juniper Networks, Inc. in a deal worth around $14 billion. Under the terms of the deal, Hewlett Packard Enterprises HPE, -8.92% will acquire Juniper JNPR, +21.81% — which makes communications-networking products […]
[ad_1] Updated Jan. 8, 2024 6:31 pm ET Hewlett Packard Enterprise is in advanced talks to buy Juniper Networks for about $13 billion, in a bid to better position the nearly 100-year-old technology company in the era of artificial intelligence. A deal between the two companies could be announced as soon as this week, according […]
[ad_1] AMC Entertainment Holdings Inc. extended its losing streak to five days Friday, with the stock ending the session down 2.5% to $5.15. AMC AMC, -2.45% shares are now on their longest losing streak since a seven-day slide that ended on Aug. 29, 2023. The movie-theater chain and onetime meme-stock darling ended Thursday’s session at a […]
[ad_1] Berkshire Hathaway purchased 2.8 million shares of the Liberty SiriusXM tracking stock in recent days, apparently seeking to capitalize on Liberty Sirius’ discount relative to the value of its stake in Sirius XM Holdings, the satellite radio company. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
[ad_1] Mark Zuckerberg cashed in on his company’s 2023 stock rally in a big way — selling nearly $428 million worth of shares in Meta Platforms Inc. over the final two months of the year. The Meta META, -0.53% co-founder and chief executive offloaded just under 1.8 million shares over the course of every trading […]
[ad_1] Shares of Apple Inc. are starting 2024 with a selloff, after Barclays analyst Tim Long said it was “time for a breather,” citing weak hardware sales as iPhone 15 demand disappoints. “We are still picking up weakness on iPhone volumes and mix, as well as a lack of bounce-back in Macs, iPads and wearables,” […]
[ad_1] Shares of Uber Technologies Inc. and the ride-hailing giant’s smaller rival, Lyft Inc., have sprinted higher this year. But analysts on Friday suggested there might not be much left in the tank for either stock heading into 2024. Nomura analysts Anindya Das and Masataka Kunugimoto on Friday downgraded Uber UBER, -2.49% to a neutral […]
[ad_1] General Electric Co. has saved its best year for its last. At the beginning of the second quarter, GE’s power and renewable-energy business will be spun off as GE Vernova, while its remaining business will be relaunched as GE Aerospace. That follows the conglomerate’s separation of GE HealthCare Technologies Inc. GEHC, -0.28% in December […]
[ad_1] Bristol Myers Squibb will acquire radiopharmaceutical therapeutics company RayzeBio for $62.50 a share in cash. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
[ad_1] Shares of Ansys Inc. soared 18% in trading Friday on reports the company is in discussions to be acquired by Synopsys Inc. in a deal that would create a design-software behemoth. The potential deal would kick off 2024 with a mega-merger, even as the Federal Trade Commission attempts to crack down on such transactions. […]
[ad_1] U.S. Steel Stock Soars on $14.9 Billion Acquisition by Nippon Steel [ad_2] Source link
[ad_1] Videogame maker Activision Blizzard has agreed to pay nearly $55 million to settle a California civil-rights lawsuit brought over complaints of sexual harassment, discrimination and pay disparities by women employees that helped trigger the company’s acquisition by Microsoft. The settlement, announced by the California Civil Rights Department on Friday evening, resolves the lawsuit filed […]
[ad_1] Nvidia Corp. has catapulted up the list of the most valuable U.S. companies this year, rising eight spots from the end of last year to sit in the fifth position with a market capitalization of $1.2 trillion. But other chip companies have seen their positions rise even more. Just look at Broadcom Inc. AVGO, […]
