Tag Archives: Corporate/Industrial News

Zendesk Inventory Soars on Report of Contemporary Buyout Deal

Textual content measurement Pedestrians stroll previous the doorway to Zendesk headquarters in San Francisco. David Paul Morris/Bloomberg Zendesk soared early Friday after The Wall Avenue Journal reported the supplier of cloud-based customer-service software program was in takeover talks with a bunch of buyout companies. Zendesk (ticker: ZEN) jumped greater than 53% to $88.95 in premarket…

More info

Zendesk Near Putting Buyout Deal, Sources Say

Zendesk Inc. is near a cope with a gaggle of buyout companies, based on folks acquainted with the matter, resurrecting a failed try to promote itself in what can be one of many greatest private-equity takeovers of the yr. A cope with a gaggle that features Hellman & Friedman LLC and Permira could possibly be…

More info

Blackberry inventory slips after outcomes high Avenue view

BlackBerry Ltd. shares ticked decrease within the prolonged session Thursday after the cybersecurity and IoT firm posted a slight beat to Wall Avenue expectations. BlackBerry  BB shares declined 1.5% after hours, following a 0.9% rise within the common session to shut at $5.37. The corporate reported a first-quarter lack of $181 million, or a lack…

More info

Ken Griffin Transferring Citadel From Chicago to Miami Following Crime Complaints

Billionaire Ken Griffin is relocating his massive hedge-fund agency Citadel from Chicago to Miami, the third main employer to announce the transfer of a company headquarters from Illinois previously two months. In a letter to workers Thursday, Mr. Griffin stated he had personally moved to Florida and that his market-making enterprise, Citadel Securities, would additionally…

More info

Juul Ban Will Ship Altria’s Technique, and $13 Billion, Up in Smoke

Juul Labs was on tempo to make 94% of its income within the U.S. this 12 months. Photograph: Seth Wenig/Related Press Up to date June 22, 2022 4:29 pm ET Altria Group’s MO -9.19% disastrous funding in Juul Labs is taking one other flip for the more severe. On Wednesday, The Wall Road Journal reported…

More info

Boeing Says ‘Drip, Drip’ of Dangerous Information Ought to Cease. Buyers Do not Consider It.

Textual content dimension Boeing CEO Dave Calhoun expects air journey demand to remain. Dreamstime Boeing CEO Dave Calhoun spoke Wednesday at an convention in Qatar organized by Bloomberg. For traders, there was some excellent news and a few dangerous information. The Boeing (ticker: BA) CEO spoke on a panel together with Luis Gallego, who runs…

More info

I’m the COO of a mortgage firm that is funded greater than $100 billion in loans. Listed below are the three issues it’s worthwhile to know concerning the housing market now

Steve Reich Mortgage charges climbed above 6% final week, in response to Bankrate knowledge, with some execs saying they could go greater. (You may see the bottom mortgage charges you could qualify for right here.) On prime of that, dwelling costs have risen greater than 20% year-over-year, inflicting affordability challenges for a lot of aspiring…

More info

The 7 Worst Housing Markets in America, In line with Lennar

Textual content measurement Rising mortgage charges are dragging on the housing market. Justin Sullivan/Getty Photographs Jersey and Florida are sizzling. Housing in Austin and Seattle just isn’t, based on the co-CEO of the U.S.’s second-largest residence builder. Lennar (tickers: LEN, LEN. B) famous a slowdown nationally in housing on its earnings convention name Tuesday, after…

More info

Diamondback Inventory Jumps. Its Dividend Improve Is ‘Laborious to Ignore.’

Diamondback Vitality inventory gained after saying a dividend enhance. Spencer Platt/Getty Photos Textual content measurement Diamondback Vitality surged on Tuesday after the oil explorer stated it could enhance its base dividends from $2.80 to $3 per widespread share yearly, a 7.1% bounce, starting on the finish of the month. The implied annual dividend yield is…

More info

Kellogg Plans to Break up Into 3 Firms. The Inventory Is Spiking.

Textual content dimension Cereal big Kellogg plans to separate into three firms. Gabby Jones/Bloomberg Kellogg inventory was rising on Tuesday after the cereal and snack big introduced plans to separate into three unbiased firms. Okay ellogg (ticker: Okay) will spin off its U.S., Canadian, and Caribbean cereal and plant-based companies. The names of the businesses…

More info
1 2 3