Broadcom Agrees to Buy CA Technologies for $18.9 Billion
Broadcom struck a deal to buy software company CA Technologies for nearly $19 billion, a surprise move that takes the chip-making giant in a new direction......»»
Exxon launched a $3 billion effort focused on lowering its emissions after investors pressured the oil giant to address climate change
The company will put $3 billion into low-carbon technologies through 2025 and initially focus on carbon capture and storage. An Exxon refinery in Bat.....»»
SpaceX raising another astronomical funding round, per report
Space Exploration Technologies Corp. is in the midst of another massive funding round, according to a new report. The new financing could rocket the Hawthorne, California-based aerospace company's valuation to anywhere from $60 billion to $92 bil.....»»
SoftBank Dumps $2B Worth Of Uber Shares After Stock"s Rally
SoftBank Group Corp’s (OTC: SFTBY) Vision Fund has disposed of $2 billion worth of Uber Technologies Inc (NYSE: UBER) common stock shares last week, as reported earlier by read more.....»»
Teledyne to acquire Flir Systems in cash-and-stock deal valued at about $8 billion
Teledyne Technologies Inc. has agreed to acquire Flir Systems Inc. in a ca.....»»
Alexion Pharmaceuticals soars 35% after AstraZeneca agrees to $39 billion takeover
The deal has clear gains for both sides, but AstraZeneca's shares slid 6% after news of the UK firm's biggest purchase ever. Robert Giroux/Getty Images Alexion Pharmaceuticals soared 35% in pre-market trading .....»»
Jim Simons" Renaissance slashed its stakes in Amazon and Starbucks, and pulled $1.2 billion out of Tesla last quarter
Sylvain Gaboury/Getty Images Renaissance Technologies cut it.....»»
Uber Values GrubHub At $6B In Their Acquisition Deal: Report
Uber Technologies Inc.'s (NYSE: UBER) acquisition offer to GrubHub Inc. (NYSE: GRUB) values the latter at $6 billion, the read more.....»»
Uber is discussing a takeover deal with Grubhub for roughly $6 billion: report
Uber Technologies Inc. and Grubhub Inc. are in talks over an acquisition that would value Grubhub at roughly $6 billion, according to a .....»»
Uber loses nearly $3 billion in three months, but stock rebounds after hours
Uber Technologies Inc. announced a quarterly loss of nearly $3 billion Thursday afternoon, including a write-down of more than $2 billion related to its investments in Asian partners, as the ride-hailing industry suffers from the COVID-19 pandemic......»»
The Ratings Game: Uber stock pops despite big losses as company ‘did not disappoint’ with its recovery talk
Uber Technologies Inc.’s quarterly loss of nearly $3 billion didn’t do much to dent analysts’ enthusiasm for the ride-hailing stock as Uber’s management outlined plans to cut costs due to pressures from COVID-19......»»
COVID-19 could cost hospitals $200 billion through June
Uber Technologies will eliminate 3,700 jobs and permanently close 180 driver service centers, the first in a series of cost-cutting measures to be announced in the next two weeks as a response to the... To view the full story, click the title link......»»
Uber loses nearly $3 billion in three months, stock heads south in late trading
Uber Technologies Inc. announced a quarterly loss of nearly $3 billion Thursday afternoon, including a write-down of more than $2 billion related to its investments in Asian partners, as the ride-hailing industry suffers from the COVID-19 pandemic......»»
Delphi"s stock soars after BorgWarner agrees to amended buyout terms
BorgWarner Inc. said Wednesday it reached an agreement with Delphi Technologies PLC to amend the terms of its buyout deal, that will allows Delphi to draw on its revolving credit facility. Shares of Delphi, whic.....»»
Earnings Scheduled For May 5, 2020
Companies Reporting Before The Bell L3Harris Technologies, Inc. (NYSE: LHX) is expected to report quarterly earnings at $2.63 per share on revenue of $4.59 billion. read more.....»»
Airline SAS agrees credit facility backed by Sweden, Denmark
Airline SAS said on Tuesday it had signed a 3.3 billion Swedish crown ($336 million) three-year revolving credit facility agreement, 90% guaranteed by Sweden and Denmark's governments, as it looked to beat a path through the coronavirus crisis......»»
Germany agrees on Lufthansa rescue package worth 9 billion euros: Business Insider
Germany has agreed to help airline Lufthansa with a rescue package worth about 9 billion euros ($9.74 billion) in return for a blocking minority and one or two supervisory board mandates, Business Insider cited company sources as saying......»»
Uber Has Automatic "Shock Absorber" For Falling Revenue, Analyst Says After Company"s Write-Down
Uber Technologies, Inc. (NYSE: UBER) announced late last week that it will record an up to $2.2-billion impairment against equity investments and withdrew its fiscal 2020 guidance, citing uncertainties in the COVID-19 environment.....»»
Uber expects up to $2.2 billion charge, drop in quarterly revenue due to pandemic
Uber Technologies Inc said on Thursday it expects an impairment charge of up to $2.2 billion in the first quarter due to the coronavirus outbreak and revenue to decline by $17 million to $22 million in the quarter......»»
Uber to take charge of up to $2.2 billion due to coronavirus crisis
Uber Technologies Inc said on Thursday it expected an impairment charge of about $1.9 billion to $2.2 billion against some of its minority equity investments, due to the impact of the coronavirus outbreak on the value of those entities......»»