President Trump stops Broadcom takeover of Qualcomm
(Reuters) – U.S. President Donald Trump issued an order on Monday prohibiting Broadcom Ltd’s proposed takeover of Qualcomm Inc on grounds of national security.
General Electric axes top-executive bonuses for first time
NEW YORK (Reuters) – General Electric Co last year eliminated bonuses for its senior managers for the first time in its 126-year history, saving millions of dollars after losing money in 2017, the industrial conglomerate said on Monday.
Dropbox IPO price range puts valuation nearly a third below peak
(Reuters) – Dropbox Inc on Monday offered a price range for shares in its initial public offering that would value it at up to $7.1 billion, nearly a third below the valuation it commanded in 2014, a clear sign of how overheated the private tech marke…
GM president says ‘shared sacrifice’ needed to fix GM Korea
DETROIT (Reuters) – General Motors Co President Dan Ammann said on Monday the automaker’s troubled South Korean operations can be a “sustainable, profitable business,” if unions and the South Korean government agree quickly on a restructuring.
Dropbox IPO priced at nearly one-third below its peak valuation
(Reuters) – Dropbox Inc on Monday priced shares for its initial public offering that would value it at up to $7.1 billion, nearly a third below the valuation it commanded in 2014, a clear sign of how overheated the private tech market became a few yea…
New York financier Lynn Tilton puts Zohar funds into bankruptcy
WILMINGTON, Del./NEW YORK (Reuters) – Colorful New York financier Lynn Tilton has put her Zohar investment funds, a key element of her distressed-debt empire and the subject of several legal battles, into Chapter 11 bankruptcy, with a goal of selling a…
Dow, S&P weighed down by tariffs while tech boosts Nasdaq
NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average slumped on Monday as the U.S. tariffs signed into law last week by President Donald Trump weighed on industrials, though gains in tech stocks boosted the Nasdaq.
Nasdaq rises, Dow dragged down by tariff worries
NEW YORK (Reuters) – The Nasdaq rose on Monday as tech stocks climbed, but the S&P 500 ended lower and the Dow dragged as industrials were weighed down by tariffs signed into law last week by President Donald Trump.
Has Spotify answered its royalty problem?
(Reuters) – In its much-anticipated filing to go public last month, Spotify revealed revenue growth was outpacing costs, suggesting the music streaming service was striking deals with the music industry that defeat the central tension in its business m…
EU experts’ fake news report draws false conclusions: consumer group
BRUSSELS (Reuters) – A consumer group on Monday said experts appointed by the European Commission to advise on tackling fake news had ignored the business model that gave the likes of Google and Facebook a motive for disseminating it.
