Financial News

General Electric continues transformation; $11B rail deal

Yahoo.com - Insurance - 50 min 25 sec ago

General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver, will be executive chairman. Under the deal announced Monday and approved by the boards of both companies, General Electric Co. will get $2.9 billion in cash.


Categories: Financial News

General Electric continues transformation; $11B rail deal

Yahoo.com - Investment - 50 min 25 sec ago

General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver, will be executive chairman. Under the deal announced Monday and approved by the boards of both companies, General Electric Co. will get $2.9 billion in cash.


Categories: Financial News

Is This How AT&T Plans to Make DIRECTV Now Profitable?

Yahoo.com - Insurance - 1 hour 24 min ago

Can cloud DVR and an additional stream help stem losses from the streaming service?


Categories: Financial News

Is This How AT&T Plans to Make DIRECTV Now Profitable?

Yahoo.com - Investment - 1 hour 24 min ago

Can cloud DVR and an additional stream help stem losses from the streaming service?


Categories: Financial News

Palace shares family portrait and other royal wedding photos

Yahoo.com - Insurance - 1 hour 35 min ago

Kensington Palace has released three official wedding photographs taken of Prince Harry and the former Meghan Markle shortly after their wedding. Alexi Lubomirski's images include a family portrait of the couple with Queen Elizabeth II, Prince Charles, Prince William and their spouses, as well as Markle's mother and the children who served as bridesmaids and page boys.


Categories: Financial News

Palace shares family portrait and other royal wedding photos

Yahoo.com - Investment - 1 hour 35 min ago

Kensington Palace has released three official wedding photographs taken of Prince Harry and the former Meghan Markle shortly after their wedding. Alexi Lubomirski's images include a family portrait of the couple with Queen Elizabeth II, Prince Charles, Prince William and their spouses, as well as Markle's mother and the children who served as bridesmaids and page boys.


Categories: Financial News

Fifth Third Bancorp pays $4.7 billion for MB Financial's Chicago muscle

Yahoo.com - Insurance - 2 hours 17 min ago

As part of the deal announced on Monday, each MB Financial shareholder will get $54.20, comprising 1.45 shares of Fifth Third common stock and $5.54 in cash, a 24 percent premium to MB Financial's last close. Shares of MB Financial were up 14 percent at $49.75 in early trade, while Fifth Third shares were down 7.2 percent at $31.12. D.A. Davidson analyst Kevin Reevey said that Fifth Third was limited in their ability to expand in Ohio and that the acquisition of Chicago-based MB Financial was the most logical move for them, from a geographical standpoint, in order to expand their deposit franchise.


Categories: Financial News

Fifth Third Bancorp pays $4.7 billion for MB Financial's Chicago muscle

Yahoo.com - Investment - 2 hours 17 min ago

As part of the deal announced on Monday, each MB Financial shareholder will get $54.20, comprising 1.45 shares of Fifth Third common stock and $5.54 in cash, a 24 percent premium to MB Financial's last close. Shares of MB Financial were up 14 percent at $49.75 in early trade, while Fifth Third shares were down 7.2 percent at $31.12. D.A. Davidson analyst Kevin Reevey said that Fifth Third was limited in their ability to expand in Ohio and that the acquisition of Chicago-based MB Financial was the most logical move for them, from a geographical standpoint, in order to expand their deposit franchise.


Categories: Financial News

Trump reportedly having second thoughts on N Korea summit

Yahoo.com - Insurance - 2 hours 19 min ago

President Trump is reportedly growing increasingly worried about the upcoming summit with Kim Jong-Un. Yahoo Finance’s Alexis Christoforous, Melody Hahm and Ethan Wolff-Mann discuss what it means.


Categories: Financial News

Trump reportedly having second thoughts on N Korea summit

Yahoo.com - Investment - 2 hours 19 min ago

President Trump is reportedly growing increasingly worried about the upcoming summit with Kim Jong-Un. Yahoo Finance’s Alexis Christoforous, Melody Hahm and Ethan Wolff-Mann discuss what it means.


Categories: Financial News

Tesla's new $78,000 Model 3 is incredibly overpriced (TSLA)

Yahoo.com - Insurance - 2 hours 31 min ago

Elon Musk took to Twitter on Saturday to announce a $78,000 version of the Tesla  Model 3. The Tesla Model 3 was originally revealed in 2016 as a $35,000 mass-market vehicle. Tesla needs an influx of revenue, and a very expensive trim level of the Model 3 will help.


Categories: Financial News

Tesla's new $78,000 Model 3 is incredibly overpriced (TSLA)

Yahoo.com - Investment - 2 hours 31 min ago

Elon Musk took to Twitter on Saturday to announce a $78,000 version of the Tesla  Model 3. The Tesla Model 3 was originally revealed in 2016 as a $35,000 mass-market vehicle. Tesla needs an influx of revenue, and a very expensive trim level of the Model 3 will help.


Categories: Financial News

Dispute on eye drop size fails to catch Supreme Court's eye

Yahoo.com - Insurance - 2 hours 47 min ago

A dispute about the size of eye drops has failed to catch the eye of the Supreme Court. Drug companies including Allergan, Bausch & Lomb, Merck and Pfizer had asked the court to get involved in the case. The companies were sued by patients using their eye drops to treat glaucoma and other eye conditions.


Categories: Financial News

Dispute on eye drop size fails to catch Supreme Court's eye

Yahoo.com - Investment - 2 hours 47 min ago

A dispute about the size of eye drops has failed to catch the eye of the Supreme Court. Drug companies including Allergan, Bausch & Lomb, Merck and Pfizer had asked the court to get involved in the case. The companies were sued by patients using their eye drops to treat glaucoma and other eye conditions.


Categories: Financial News

Nokia phone licensee HMD raises $100 million to drive growth push

Yahoo.com - Insurance - 4 hours 4 min ago

HMD Global, the Finnish company that owns the right to use the Nokia brand on phones, has raised $100 million of funding intended to boost growth, it said on Monday. Having sold about 70 million Nokia phones and generated sales of 1.8 billion euros (1.6 billion pounds) in its first year, 2017, HMD said it plans to expand its Nokia smartphone range and to double sales channels in key markets this year. The fundraising round was led by Ginko Ventures, a fund owned by Jean-Francois Baril, a long-serving former senior vice president at Nokia.


Categories: Financial News

Nokia phone licensee HMD raises $100 million to drive growth push

Yahoo.com - Investment - 4 hours 4 min ago

HMD Global, the Finnish company that owns the right to use the Nokia brand on phones, has raised $100 million of funding intended to boost growth, it said on Monday. Having sold about 70 million Nokia phones and generated sales of 1.8 billion euros (1.6 billion pounds) in its first year, 2017, HMD said it plans to expand its Nokia smartphone range and to double sales channels in key markets this year. The fundraising round was led by Ginko Ventures, a fund owned by Jean-Francois Baril, a long-serving former senior vice president at Nokia.


Categories: Financial News

Report: Social Security's COLA Would Need to Double to Provide Adequate Benefits to Seniors

Yahoo.com - Insurance - 4 hours 10 min ago

The hold harmless provision isn't so harmless after all, according to a new analysis.


Categories: Financial News

Report: Social Security's COLA Would Need to Double to Provide Adequate Benefits to Seniors

Yahoo.com - Investment - 4 hours 10 min ago

The hold harmless provision isn't so harmless after all, according to a new analysis.


Categories: Financial News

Was Rockwell Automation Right to Reject Emerson Electric?

Yahoo.com - Insurance - 4 hours 14 min ago

The stock prices of the two companies have diverged significantly since the bid was abandoned. Should Rockwell Automation regret not accepting the offer?


Categories: Financial News

Was Rockwell Automation Right to Reject Emerson Electric?

Yahoo.com - Investment - 4 hours 14 min ago

The stock prices of the two companies have diverged significantly since the bid was abandoned. Should Rockwell Automation regret not accepting the offer?


Categories: Financial News