Wells Fargo Announces Retirement of CEO Tim Sloan, Shares Surge
Well Fargo & Company (NYSE: WFC) announced that its President and CEO Tim Sloan resigned from his positions and as Board member effective immediately....
Lyft Prices Initial Public Offering (IPO) at $72 Per Share
Lyft decided to price its initial public offering (IPO) at $72 per share on Thursday. Based on its pricing, the second-largest ride-hailing company be valued...
Bed Bath & Beyond Shares Surge; Activist Investors Want to Replace Company’s Entire Board
The stock price of Bed Bath & Beyond (NASDAQ: BBBY) soared significantly after an activist group of investors said they want to replace the...
Why Comcast’s Cable TV Business is Faltering
Cable television has been a staple of the American diet for decades. Yet, the way Americans are consuming television is rapidly changing to internet-based...
Uber to Acquire Middle East Rival Careem for $3.1 Billion
Uber Technologies, the world’s largest ride-sharing company, agreed to buy its its competitor in the Middle East, Careem for $3.1 billion.
The acquisition price is...
Nokia Discloses Compliance Issues at Alcatel-Lucent Business; Shares Fall
Nokia Corporation (NYSE: NOK) disclosed a possible compliance issues at its Alcatel-Lucent business, which it acquired for €15.6 billion in 2016.
The Finnish network maker...
Upcoming IPO: Uber, Pinterest Reportedly Pick NYSE for Stock Listing
Uber Technologies and Pinterest reportedly selected the New York Stock Exchange (NYSE) as the place for trading its stocks. Both technology companies are preparing...
Biogen (BIIB) Shares Tank 29 Percent after Company Ends Alzheimer’s Drug Trials
The stock price of Biogen (NASDAQ: BIIB) suffered a steep decline after the biotechnology company announced its decision to stop the trials for its...
Lyft IPO: Analyst Initiates Buy Rating and $75 Price Target for LYFT Shares
Investors’ excitement on the upcoming initial public offering (IPO) of Lyft, the second largest ride-hailing company based in San Francisco, is very high.
Based on...
U.S. Transportation Department Orders Audit of Boeing 737-Max 8 Certification
The U.S. Department of Transportation directed its Inspector General to perform an audit of Boeing 737 Max 8 certification from the Federal Aviation Administration’s...
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Mauna Loa in Hawaii erupts: Pele’s hair warnings go out
Mauna Loa in Hawaii is now the largest currently active volcano in the world. Emergency officials issued warnings about “Pele’s Hair” as it began...
