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Symantec to Sell Enterprise Security Assets to Broadcom

Symantec to Sell Enterprise Security Assets to Broadcom

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 […]

by × August 9, 2019 × 0 comments

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Spotify Technology Reports Mixed Results

Spotify Technology Reports Mixed Results

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 […]

by × July 31, 2019 × 0 comments

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Diageo to Buyback $5.6 Billion of Shares

Diageo to Buyback $5.6 Billion of Shares

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 […]

by × July 25, 2019 × 0 comments

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United Continental Lifts Full-Year Earnings Guidance

United Continental Lifts Full-Year Earnings Guidance

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 […]

by × July 17, 2019 × 0 comments

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BlackBerry Tops Expectations

BlackBerry Tops Expectations

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 […]

by × June 26, 2019 × 0 comments

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Banco Santander to Pay $1.06 Billion to Purchase Stake in Joint Venture

Banco Santander to Pay $1.06 Billion to Purchase Stake in Joint Venture

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 […]

by × June 24, 2019 × 0 comments

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European ADRs Shift Lower

European ADRs Shift Lower

American depositary receipts of European stocks were trading 0.61% lower at 1,037.81 on the BNY Mellon Europe Select ADR Index on Thursday. In continental Europe, the gainers were led by biopharmaceutical company Genfit (GNFT) and oil and gas company Eni (E), which rose 2.2% and 1.4% respectively. They were followed […]

by × June 13, 2019 × 0 comments