The U.S. Justice Department said CenturyLink Inc agreed to settle allegations it repeatedly violated a court-ordered judgment designed to prevent anticompetitive effects stemming from its $24 billion acquisition of rival wireline telecommunications provider Level 3 Communications Inc in 2017.
The industrial sector has been delivering mixed results so far this reporting season. Of the 93.1% S&P industrial companies that have reported, 96.3% beat on the bottom line while 81.5% surpassed revenue estimates. For these companies, earnings declined 39.8% and revenues de
Saudi Arabia's sovereign wealth fund, has sharply cut direct stakes in some major blue-chip companies and invested nearly $4.7 billion in sector-specific exchange traded funds, according to a U.S filing on Friday.
What happened
Just one day after movie theater operator AMC Entertainment (NYSE: AMC) announced a grand reopening of its theaters scheduled for Aug. 20 (and another for Sept. 3), rival theater chain Cinemark Holdings (NYSE: CNK) announced a date of its own -- and gave itself a h
What happened
Shares of Evolent Health (NYSE: EVH) closed down 10% on Friday after the healthcare company refinanced some convertible senior notes, which were due to be paid next year.
After months without museums, cinemas and bars, Mexico City residents began exploring them again this week, even as authorities continue battling the coronavirus pandemic that has so far killed over 55,000 people in Mexico.
The S&P 500 ended nearly flat on Friday despite coming close again to its record closing high, as data on the U.S. economy added to uncertainty over the recovery.
It was a wild end to the trading week on Wall Street that ultimately was much ado about nothing. The Dow Jones finished marginally higher, digging out of a brief foray into the red. Meanwhile, the S&P 500 fell short of a record high yet again, and ultimately closed in th
The U.S. Justice Department has opened a criminal probe into whether NASA's former head of human spaceflight gave Boeing Co improper guidance during a lucrative lunar-lander contract competition, two people familiar with the matter said on Friday.
Wall Street coasted into the weekend on a quiet note, as both the Nasdaq Composite and the S&P 500 (SNPINDEX: ^GSPC) pulled back slightly from near-record levels. The Dow Jones Industrial Average (DJINDICES: ^DJI) fared the best with a minimal gain, but worries about what th
Brookline Capital Acquisition, a blank check company formed by Brookline Capital Markets targeting a life science business, filed on Friday with the SEC to raise up to $50 million in an initial public offering.
The New York, NY-based company plans to raise $50 million by offering
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which
In trading on Friday, shares of Kulicke & Soffa Industries, Inc. (Symbol: KLIC) crossed below their 200 day moving average of $23.95, changing hands as low as $23.80 per share. Kulicke & Soffa Industries, Inc. shares are currently trading off about 2.7% on the day. T
Warren Buffett's Berkshire Hathaway Inc said on Friday it has reduced its investments in some of the largest U.S. banks, lowering its stakes in Wells Fargo & Co and JPMorgan Chase & Co and eliminating a stake in Goldman Sachs Group Inc
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