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Amazon Purchasing Wi-Fi Startup Eero
Posted by Toi Williams on Feb 12th, 2019 //
Amazon.com Inc. (NASDAQ: AMZN) and mesh-networking Wi-Fi
company Eero have entered into a merger agreement for the retailer to acquire the
startup for an undisclosed sum. The terms of the deal have not been disclosed
and neither...
Papa John’s Gets $200M Investment
Posted by Toi Williams on Feb 5th, 2019 //
Papa John’s International Inc. (NASDAQ: PZZA) is rolling in
dough after receiving a $200 million investment from hedge fund Starboard Value.
In the deal’s announcement, the hedge fund’s CEO Jeffrey C. Smith said, “Papa
John’s...
Tesla Posts Another Quarterly Profit
Posted by Toi Williams on Jan 31st, 2019 //
Tesla Inc. (NASDAQ: TSLA) has announced its second
consecutive quarterly profit, marking the first time the company has reported
back-to-back profitable results. On an unadjusted basis, Tesla made $139.5
million, or 78 cents...
US Consumer Confidence Drops to 18-Month Low
Posted by Mayfield Staff on Jan 31st, 2019 //
Since 2010, consumer confidence has been on quite a steady incline. Some months—some years—have been better than others, of course, but consumer confidence in America hit an 18-year high just three months ago, hitting 137.9...
Netflix Announces Subscription Price Increase
Posted by Toi Williams on Jan 15th, 2019 //
Netflix (NASDAQ: NFLX) has announced that it would be
raising its subscription prices in the United States. The price increases will
be applied to all existing subscribers over the next few months, while new
members will be charged...
SpaceX Announces Plans To Cut Workforce By 10 Percent
Posted by Toi Williams on Jan 13th, 2019 //
Rocket company SpaceX has announced plans to lay off about
10 percent of its workforce in the coming weeks. The workforce reduction was announced
in an email sent to employees by President Gwynne Shotwell. The move is
expected...
Macy’s Had A Disappointing Holiday Season
Posted by Toi Williams on Jan 10th, 2019 //
Macy’s (NYSE: M) didn’t sell as much merchandise during the
holidays as executives had hoped, resulting in the company reporting
disappointing sales results for the November and December period. The
department store giant...
Apple To Build New Campus In Austin
Posted by Toi Williams on Dec 13th, 2018 //
Apple Inc. (NASDAQ: AAPL) has announced new plans to spend $1 billion on building a new campus in Austin, Texas. The new Austin campus will be located in North Austin and will occupy 133 acres. The new facility will have a workforce...
Verizon Taking $4.6 Billion Loss On Media Division
Posted by Toi Williams on Dec 11th, 2018 //
Verizon (NYSE: VZ) expects to write down the value of its Oath business by $4.6 billion in the fourth quarter of this year. The company made the declaration in a Securities and Exchange Commission document filed on Tuesday. The Oath...
Aetna and CVS Health Finalize $70 Billion Merger
Posted by James Haroldman on Dec 5th, 2018 //
It has been a year since CVS Health and Aetna agreed to merge in a strategy to revamp health care in the United States and this week, they sealed the deal. Now finalized, the deal brings together one of the largest pharmacy chains...
