Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter
BOSTON (Reuters) – Wall Street investors were so convinced that Hunter Harrison could turn around railroad CSX Corp that the company lost $4 billion in market value when the former CEO took a medical leave in December and died only a few days later.
Qualcomm meets Broadcom to discuss $121 billion acquisition offer
(Reuters) – Qualcomm Inc said on Wednesday it met with Broadcom Ltd earlier in the day to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector’s largest ever acquisition.
Cisco tops estimates as turnaround takes center stage
(Reuters) – Cisco Systems Inc reported its first rise in quarterly revenue in more than two years and forecast upbeat current-quarter profit, as the network gear maker’s years-long efforts to transform into a software-focused company begins to pay off….
U.S. trade agency says rejected CSeries duties as jet sales did not hurt Boeing
MONTREAL/WASHINGTON (Reuters) – An independent U.S. trade body on Wednesday said it rejected hefty U.S. duties on Bombardier’s CSeries jets partly because Boeing lost no sales or revenue when Delta Air Lines ordered the aircraft in 2016 from the Canad…
Berkshire buys Teva, feels IBM blues as Apple becomes top investment
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd and said it bought more shares of Apple Inc , which surpassed Wells Fargo & Co as its largest common stock investment.
U.S. trade agency rejected CSeries duties as jet sales did not hurt Boeing
MONTREAL/WASHINGTON (Reuters) – A U.S. trade agency on Wednesday said it did not impose hefty duties on sales of Bombardier Inc’s new jetliner to American carriers because it found that Boeing Co lost no sales or revenues when Delta Air Lines ordere…
Qualcomm, Broadcom hold talks over revised $121 billion bid
(Reuters) – Qualcomm Inc said on Wednesday its top executives met with Broadcom Ltd to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed a potential deal.
Cisco beats estimates, boosts buyback program by $25 billion
(Reuters) – Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts’ estimates, as the network gear maker’s years-long efforts to transition to a software-focused company begins to take hold.
Marriott quarterly revenue rises 7.7 percent
(Reuters) – Marriott International Inc reported a 7.7 percent rise in fourth-quarter revenue as more people booked its rooms at higher prices, helping the company reaffirm its 2018 forecast for a key performance metric.
What inflation? Apple and Facebook drive Wall Street rally
(Reuters) – Wall Street surged on Wednesday as investors shrugged off stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple.
