Month: March 2018

SpaceX succeeded in its sixth launch of 2018, putting the fifth batch of Iridium NEXT satellites into orbit using a previously-flown Falcon 9 rocket. Launched Friday from the central coast of California, Elon Musk’s rocket company has now put up 50 Iridium satellites for the next-generation constellation. The space company failed, however, to catch the
0 Comments
The New York Stock Exchange (NYSE) is in talks to acquire the Chicago Stock Exchange, the Wall Street Journal reported on Friday citing sources. Chinese-led North America Casin Holdings was previously trying to acquire CHX Holdings, the parent company of the Chicago Stock Exchange, but the deal collapsed in February after it was rejected by
0 Comments
M&A volumes doubled in Europe in the first quarter, while the United States was up 67 percent and Asia was up 11 percent. “The better macro-economic environment in Europe has created greater confidence to get things done. Deals that have been in the works for a long time are now coming to fruition and some
0 Comments
Japan’s industrial production rebounded in February from a large decline in the previous month and companies forecast further gains in coming months in a sign that factory output is back on the path toward expansion. Factory output rose 4.1 percent in February from the previous month, less than economists’ median estimate of a 5.0 percent
0 Comments
Bill Simon, former Walmart US CEO, said Congress should look into splitting up Amazon. “They’re not making money in retail, and they’re putting retailers out of business,” Simon told CNBC. He said the e-commerce giant has operated its retail segment at a loss for decades, subsidizing the retail portion of its business with profits from
0 Comments
Thousands of brick-and-mortar stores are set to close this year, but others will open, just not where you might expect, analysts say. “There are always winners,” said Jan Kniffen, chief executive officer of J. Rogers Kniffen World Wide Enterprises, a retail consulting firm. But, he said, those winners won’t be found in the mall. “If
0 Comments
Issuance of securities backed by riskier US mortgages roughly doubled in the first quarter from a year earlier, as investors lapped up assets blamed for bringing the global financial system to the brink of collapse a decade ago. Home loans to people with scratches and dents in their credit histories dwindled to almost nothing in
0 Comments
A different approach to space tourism just got a Silicon Valley boost. CNBC has learned that World View Enterprises, which sends equipment to the edge of space using high-altitude balloons, closed its latest round of venture capital funding with $26.5 million at a valuation of at least $84 million — more than double its last
0 Comments
Nearly 150 professional investors are “strongly urging” gun makers, retailers and distributors and the companies that finance the gun industry to take action in response to gun violence. The group includes dozens of faith-based organizations and U.S. and European asset management firms, many of them active in promoting social and environmental causes, collectively with $634
0 Comments
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Microsoft. Tim Seymour was a buyer of Altria. Steve Grasso was a buyer of Twitter. Guy Adami was a buyer of Pfizer. Trader disclosure: On March 28, 2018, the following stocks and commodities mentioned or intended to
0 Comments
Futures trading giant CME Group has reached a deal to buy U.K.-based NEX Group for £3.9 million ($5.49 billion). CME will acquire London-based NEX in a transaction valued at £10 ($14) per share, consisting of £5 in cash and 0.0444 CME Group shares, based on CME’s closing share price of $158.84 on Wednesday, the companies
0 Comments
Check out the companies making headlines after the bell: PVH stock rose 3 percent after hours. The apparel company reported earnings per share and revenues that beat analyst expectations. Guidance for the upcoming year is quite strong, as the company predicts sizable increases in sales. The CEO attributes the strong momentum to its Tommy Hilfiger
0 Comments
As foreign investors do more business in Saudi Arabia, Princess Reema bint Bandar Al Saud called on Western businesses to engage more with local citizens. Speaking to CNBC on the sidelines of the 2018 Saudi-U.S. CEO forum, the princess explained that societal changes are critical to Saudi Arabia’s economic transformation. She said that many expatriate
0 Comments
Porsche Passport, which provides subscribers with access to Porsche vehicles via a mobile app, is currently only available in Atlanta, home to Porsche’s North American operation, as well as Clutch Technologies, the company hosting the app. The month-to-month subscription gives customers two price options: A flat fee of $2,000 or $3,000. The subscription includes a
0 Comments
Brendan McDermid | Reuters Equifax trading information and the company logo are displayed on a screen where the stock is traded on the floor of the New York Stock Exchange in New York. Equifax says Mark Begor will become its CEO as the credit reporting company continues to try to recover from fallout surrounding a
0 Comments