Employees were laid off from Twitter (TWTR) globally starting on Nov. 3 and abruptly learned their individual fates by email or being logged off their laptops and Slack, a messaging app. Twitter emp...
Tag: mergers
Opendoor Vents the Roof – WSJ
Zillow’s decision last year to jump out of this burning house is suddenly looking kind of smart. Opendoor Technologies said Thursday that its automated home-flipping business sold 33% more homes than ...
‘Oh, my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next.
Slower, but higher rates and no pivot this side of Christmas. That was the message from Fed Chairman Jerome Powell after the central bank’s fourth-straight jumbo hike. Bruised investors continue to se...
State attorneys general sue to block Albertsons’ $4 billion dividend payout
The attorneys general of California, Illinois and the District of Columbia are suing Albertsons in an effort to stop the grocery chain from paying a nearly $4 billion dividend to its shareholders. The...
This oil company is America’s hottest stock. Why won’t its CEO pump more oil?
Vicki Hollub’s Occidental Petroleum controls the biggest piece of the most important area for oil production in the United States. Not so long ago, an oilman in a position like that—and it would’ve be...
DuPont Ends Rogers Acquisition. Blame China Regulators.
After a wild series of events, stock in materials giant DuPont rose while shares of DuPont’s almost-merger partner Rogers Corp. plummeted. Here’s what happened: DuPont (ticker: DD) on Tuesday complete...
Shopify CEO Buys $10 Million of Stock in the Open Market
Shopify CEO Tobias Lutke disclosed in a Canadian securities filing that he bought $10 million of the e-commerce software company’s shares on Monday, a week after the company reported its third-quarter...
Medtronic Is Doing a Spinoff. What It Means for Our Stock Pick.
Medical device maker Medtronic is spinning off two business units to try to drive higher growth. The market isn’t impressed. In theory, it should be. Spinoffs are supposed to streamline operations of...
Netflix-Ubisoft, Disney-Nintendo And The Mega Media Mergers We Don’t Need
Mario Universal Consolidation is happening all across the video game industry, with massive publishers devouring smaller ones on a nearly monthly basis, and it can often feel like we are heading towar...
AT&T Stock Will Outpace Verizon, Raymond James Says, Upgrading the Stock
AT&T stock comes with its risks but the telecom company will outpace rival Verizon Communications over the next few months, according to Raymond James’s Frank Louthan. On Monday, the analyst lifte...
BP Buys Renewable Natural-Gas Company in $4.1 Billion Deal
By Chris Wack Oct. 17, 2022 8:17 am ET Listen to article (1 minute) Archaea Energy said Monday it is being bought by BP PLC for $26 a share in cash, or a total enterprise value of $4.1 billion, includ...
Lumen stock falls after dividend is eliminated, but is there a silver lining?
Lumen Technologies Inc. shares were falling sharply in Thursday trading after the telecommunications company announced it was eliminating its dividend and selling another business, moves that have pro...