Intel shares close lower on Friday, negotiations over the sale of McAfee to Thoma Bravo at an early stage, source says

December 17, 2018
Intel shares close lower on Friday, negotiations over the sale of McAfee to Thoma Bravo at an early stage, source says

According to a source with knowledge of the matter, Intel Corp and TPG Capital are in early talks to sell security software firm McAfee to Thoma Bravo LLC, a private equity company. Since negotiations are at an early stage, it is not certain whether an agreement will be reached, the […]

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General Electric shares gain the most in a month on Thursday, a majority stake in ServiceMax to be sold to Silver Lake

December 14, 2018
General Electric shares gain the most in a month on Thursday, a majority stake in ServiceMax to be sold to Silver Lake

According to an announcement by General Electric Company (GE) on Thursday, its digital unit intends to sell a majority stake held in ServiceMax to Silver Lake, a technology-oriented private equity company. The deal is expected to be finalized in early 2019. However, no financial details of the agreement were disclosed. […]

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Amazon shares gain for a third straight session on Wednesday, e-commerce giant to see 17% annual revenue growth in upcoming years, Cowen projects

December 13, 2018
Amazon shares gain for a third straight session on Wednesday, e-commerce giant to see 17% annual revenue growth in upcoming years, Cowen projects

According to a Tuesday note by Cowen Inc, Amazon.com Inc (AMZN) is expected to achieve a 17% annual revenue growth during the upcoming five years. The note pointed to a number of opportunities that would drive revenue and margin growth globally, including in the e-commerce giant’s cloud business as well […]

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Verizon shares gain for a second straight session on Tuesday, company expects to incur around $2 billion in charges related to planned layoffs

December 12, 2018
Verizon shares gain for a second straight session on Tuesday, company expects to incur around $2 billion in charges related to planned layoffs

Verizon Communications Inc (VZ) said earlier this week that it expected to incur a charge of $1.8 billion to $2.1 billion during the present quarter in relation with the layoffs it plans. About half of the layoffs, which the company announced on December 10th, are expected to come into effect […]

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Lockheed Martin shares close lower on Tuesday, company appoints Kenneth Possenriede as Chief Financial Officer

December 12, 2018
Lockheed Martin shares close lower on Tuesday, company appoints Kenneth Possenriede as Chief Financial Officer

Lockheed Martin Corporation (LMT) said earlier this week that Kenneth Possenriede had been appointed as its new Chief Financial Officer. Possenriede is to replace Bruce Tanner who will retire in mid-2019, the company said. Lockheed Martin shares closed lower for the sixth time in the past ten trading sessions in […]

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GoPro shares fall for a second straight session on Monday, US-bound camera production expected to be moved out of China

December 11, 2018
GoPro shares fall for a second straight session on Monday, US-bound camera production expected to be moved out of China

GoPro Inc said on Monday that it had begun preparations to move a larger part of its US-bound camera production out of China by the summer next year, as the company seeks to avoid the potential impact from new tariffs. At the same time, international-bound camera production is expected to […]

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