Frontier Communications asks shareholders to accept Verizon’s takeover bid
(Reuters) – Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon, saying that…
Author: Market Spectator
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Stocks rally faces gauntlet of tech earnings, jobs data, election
By Lewis Krauskopf NEW YORK (Reuters) – The rally in U.S. stocks is wobbling as it confronts a stretch of…
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Hack at UnitedHealth’s tech unit impacted 100 million people, US health dept says
(Reuters) – The February hack at UnitedHealth’s tech unit Change affected the personal information of 100 million people, the U.S.…
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US labor market plodding along, but jobs becoming more scarce
By Lucia Mutikani WASHINGTON (Reuters) -New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people…
Platinum Equity’s Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut
By Arasu Kannagi Basil and Echo Wang (Reuters) -Ingram Micro notched a valuation of $6 billion after shares jumped 15%…
Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire…
Sentiment vs. Reality—Is Growth Costing Tesla More Than It’s Worth?
Sentiment vs. Reality—Is Growth Costing Tesla More Than It’s Worth? Tesla’s Q3 2024 earnings call was filled with optimism, as…
Yum Brands takes out onions from meals after E.coli outbreak at McDonald’s
(Reuters) -Yum Brands said on Thursday it would be removing fresh onions from its meals at certain Taco Bell, Pizza…
Walmart in Mexico posts 5% dip in Q3 profit as costs grow
MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit reported a 5% dip in its third-quarter net profit on Wednesday…
T-Mobile beats estimates for wireless subscriber growth, fueled by demand for premium plans
(Reuters) -T-Mobile US on Wednesday exceeded Wall Street expectations for quarterly wireless subscriber additions as more customers chose its discounted…