Software company Symantec (SYMC) said on Thursday that it has agreed to sell its Enterprise Security assets, which include the Symantec name, to Broadcom (AVGO) for $10.7 billion in cash as it seeks to advance its transformation strategy. Symantec said the deal — which is expected to close before the […]
Fidelity National Information Services (FIS) unveiled fresh guidance on Tuesday as it posted growth in its adjusted earnings which surpassed analysts’ estimates and revenue which was in line as divestitures partially offset growth in continuing operations. The Jacksonville, Fla.-based company, which completed its acquisition of Worldpay on July 31 this […]
Spotify Technology (SPOT) reported mixed results in the second quarter, with revenue ahead of analysts’ expectations while the streaming music company’s loss came in wider than expected as premium subscriber numbers were below the midpoint of its guidance range. Revenue rose 31% to 1.67 billion euros ($1.86 billion), ahead of […]
Diageo (DEO, DGE.L), the world’s largest spirits firm, unveiled an additional 4.50 billion-pound ($5.61 billion) share repurchase program early on Thursday as higher sales and an improved price/product mix boosted earnings in fiscal 2019. Net sales rose to 12.87 million pounds ($16.05 billion) during the 12 months that ended June […]
American depositary receipts of Asian stocks were trading 0.86% higher at 1,473.44 on the BNY Mellon Asia 50 ADR Index on Friday. In North Asia, the gainers were led by social media platform MOMO Inc. (MOMO) and e-commerce solutions company Baozun (BZUN), which climbed 5.3% and 4.1% respectively. They were […]
United Continental (UAL) raised the mid-point of its 2019 adjusted diluted earnings per share guidance late on Tuesday as a record pre-tax income underpinned a comfortable second-quarter beat for the airline operator. Group sales increased to $11.40 billion during the three months that ended June 30, from $10.78 billion a […]
The US manufacturing purchasing managers’ index matched a two-and-a-half-year low last month as new orders fell as trade tensions continued to wear on sentiment in the sector. The manufacturing PMI came in at 51.7%, down from 52.1% reported in May, and matching the lowest level since October 2016 even as […]
BlackBerry (BB) reported fiscal 2020 first-quarter results that were ahead of analysts’ expectations as revenue from its software and services business surged and the company said the integration of its acquisition of Cylance is ahead of schedule. Revenue climbed 23% year-on-year to $267 million on an adjusted basis, topping the […]
Spanish lender Banco Santander (SAN) has agreed to pay 936.5 million euros ($1.06 billion) to acquire the 60% stake held by Allianz (ALV.DE, ALV.GR, AZSEY), Germany’s largest insurance group, in the joint venture Allianz Popular and for termination of an exclusive non-life insurance distribution agreement. The agreement is subject to […]
The Federal Reserve kept the target range on its benchmark lending rate on hold Wednesday, and economic projections from policy makers signaled no change this year before a cut in 2020. The target for the fed funds rate was held at 2.25% to 2.5%, the Federal Open Market Committee said […]
