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Twitter Inc. (NYSE:TWTR) To Receive $1 Billion From Silver Lake To Fund Share Repurchase Program

Twitter Inc. (NYSE:TWTR) has announced a partnership with Silver Lake that will result in a $1 billion investment in Twitter and a cooperation agreement with Elliot Management Corporation. Twitter to receive investment to fund a share repurchase program Elliot Management is an investment company with affiliated funds that own around4% of Twitter, and its board […]

Johnson & Johnson (NYSE:JNJ) Fined $344 Million For Failing To Disclose Risks Of Pelvic Mesh Devices

Johnson & Johnson (NYSE:JNJ) has been ordered to pay over $340 million in penalties to the state of California following a ruling that the company employed deceptive and false marketing for its pelvic mesh product for women. J&J subsidiary failed to reveal risks of the pelvic mesh devices California Superior Court Judge Eddie Sturgeon delivered […]

General Motors Company (NYSE:GM) Announce $3 Billion Investment For Production Of Electric Trucks

General Motors Company (NYSE:GM) has announced a $3 billion investment for the production of a range of all-electric pickup trucks and SUVs and also autonomous vehicles unveiled by Cruise. GM to produce electric trucks Out of the total investment, the company is putting $2.2 billion to its Detroit-Hamtramck plant for the development of electric vehicles. […]

Visa Inc (NYSE:V) Spends $5.3 Billion To Acquire Silicon Valley Start-up – Plaid

Visa Inc (NYSE:V) spends $5.3 billion to take over the Silicon Valley Start-up – Plaid. It is roughly double to that of the private valuation of Plaid. API Software of Plaid, aka plumbing, is behind the fintech companies. It allows the start-ups to connect with the bank accounts of users. Some of the Plaid customers […]

Hyundai Mtr Co (OTCMKTS:HYMTF) To Build Air Taxis For Uber Technologies Inc (NYSE:UBER): Uber To Demonstrate Elevate In 2020

Hyundai Mtr Co (OTCMKTS:HYMTF) has joined hands with Uber Technologies Inc (NYSE:UBER) to make air taxis a reality. As per the terms of the accord, Hyundai will build air taxis for Uber that could run at a cruise speed of 180 miles per hour and cover a distance of 60 miles. S-A1 will debut at […]

Ross LaJeunesse, Former Executive Of Alphabet Inc (NASDAQ:GOOGL)’s Google, Criticizes Google For Working In China And Focusing Only On Profits

In an essay published on Thursday, Ross LaJeunesse, Former Executive of Alphabet Inc (NASDAQ:GOOGL)’s Google, criticized the tech giant for ignoring human rights and only focusing on making profits. He earlier held the position of Head (international relations) at Google. Ross is a democratic candidate in the US for Maine. According to China and Saudi […]

IAC/InterActiveCorp (NASDAQ:IAC) Spins Off Match Group Inc (NASDAQ:MTCH)

IAC/InterActiveCorp (NASDAQ:IAC) has today announced that it is going to spin off the Match Group unit. The leader of this media and Internet Company, Barry Diller, has confirmed this today. He says that it has always been in their culture to develop businesses and later spin them off. A close outlook According to the official, […]

Ford Motor Company (NYSE:F) Fulfills Its UAW Commitment And Invests $1.45 Billion To Manufacture SUVs And Electric Vehicles At Metro Detroit Plants

Ford Motor Company (NYSE:F) has fulfilled its commitments with UAW. The company will invest $1.45 billion in two plants at metro Detroit. Ford will manufacture autonomous, electric vehicles, Pickups, and SUVs at these new facilities. It will generate 3,000 jobs. The average annual wage for its employees will be equal to or over $61,047. Ford […]

The Digital Rights Boom as an Investment Theme to Watch in 2020 (KODK, ADBE, IMTL, SSTK, BABA)

The U.S. Digital Rights Management market is expected to show sustainable growth over coming years. This is an underappreciated niche, but it could pay to start focusing here. In terms of revenue, the U.S. market stood at $291.5 million in 2016 and is anticipated to reach just shy of $1.5 billion by 2025, which represents […]

Costco (NASDAQ:COST) Lost $11 Million On Thanksgiving Sales Following Website Crashes

Costco’s (NASDAQ:COST) site experienced technical issues on Thanksgiving, which potentially cost the warehouse retailer millions of dollars in sales. The technical trouble led to the site being down for almost 16 hours. Costco loses $11 million in sales on Thanksgiving According to retail and deal site Love The Sales, the company lost an estimated $11 […]

Federal Bank Regulators Approves The Amalgamation Of BB&T Corporation (NYSE:BBT) And SunTrust Banks, Inc. (NYSE:STI): Expects To Achieve Cost Savings Of $1.6 Billion

Federal Bank Regulators approved the amalgamation of SunTrust Banks, Inc. (NYSE:STI) with BB&T Corporation (NYSE:BBT) and makes way for the creation of sixth-biggest bank in the nation. Following the merger, SunTrust would retain the corporate and investment banking division. CEO of BB&T welcomes merger The merged entity – Truist Financial Corp will be situated in […]

AT&T Inc. (NYSE:T) Not Ready To Divest or Sell DirecTV Business Amid Pressure From Elliott Management

AT&T Inc. (NYSE:T) may be looking for ways of improving its business but divesting DirecTV is not among the options the company is contemplating.  The company has been under pressure after Elliott Management which owns $3.2 billion interest in the company called for recommendations to enhance operations and improve leadership. AT&T not ready to yield […]