Sprint hints at deal prospects, shares surge Sprint Corp (S.N) shares jumped 11 percent on Tuesday after its chief executive said an announcement on merger talks should come in the “near future” and the company reported a quarterly profit for the first time in three years. The No. 4 U.S. […]
SK Hynix jumps over 3 percent as strong Apple earnings boost Shares in South Korea’s SK Hynix Inc, the world’s second-biggest memory chip maker, rose more than 3 percent on Wednesday morning after Apple Inc delivered surprisingly upbeat earnings. Apple reported a 7.2 percent rise in quarterly revenue on Tuesday, […]
Snap ends down slightly in brisk trade on lockup expiry Shares of Snap Inc (SNAP.N), owner of the Snapchat messaging app, had their busiest trading day in two and a half months in a volatile session on Monday, as early investors could sell their shares for the first time since […]
Music streaming company Spotify has 60 million paying subscribers Spotify now has 60 million paying subscribers, adding 10 million subscribers in less than five months, a spokeswoman for the music streaming company said on Monday. The spokeswoman declined to comment on a report in the Financial Times that the Swedish […]
Pandora Media’s revenue beats on advertising boost Pandora Media Inc reported better-than-expected quarterly revenue as advertisers spent more on the online music streaming service amid stiff competition. The company’s shares were up 1.4 percent in choppy after-hours trading on Monday. The stock was up 6 percent after the quarterly results […]
Bitcoin technology faces split, may create clone virtual currency Bitcoin’s underlying software code could be split on Tuesday to create a clone called “Bitcoin Cash,” potentially providing a windfall for holders of the digital currency. The initiative is being led by a small group of mostly China-based bitcoin miners – […]
Charter surges as Japan’s SoftBank considers bid Charter Communications Inc’s shares surged to a record high on Monday after a source said Japan’s SoftBank Group Corp was considering an acquisition offer, even as Charter shot down the possibility of it being the acquirer in any merger with SoftBank’s U.S. wireless […]
S And P 500 to exclude Snap after voting rights debate The S&P 500 .SPX will start excluding companies that issue multiple classes of shares, managers of the index said on Monday, a move that effectively bars Snap Inc (SNAP.N) after its decision to offer stock with no voting rights. […]
Charter Communications says ‘no interest’ in buying Sprint Charter Communications Inc is not interested in Sprint Corp’s proposal to be acquired by Charter, a company spokesman said. Sprint proposed a merger with Charter as the wireless carrier seeks an alternative to a deal with T-Mobile US Inc that has so […]
Putin bans VPNs to stop Russians accessing prohibited websites President Vladimir Putin has signed a law that prohibits technology that provides access to websites banned in Russia, the government’s website showed on Sunday. The law, already approved by the Duma, the lower house of parliament, will ban the use of […]
