Global stocks follow oil prices into a skid
Many global stock markets took a beating Tuesday in response to the 22% skid in oil prices since June and wider worries about global growth and the unsteady state of European banks. Analysts also say […]
2016
Cambria to become adviser of Dhandho Junoon ETF
Cambria Investments will take over as the adviser for the Dhandho Junoon exchange-traded fund, according to a securities filing. The ETF buys equities of companies that return capital to investors through share buybacks and spinoffs, […]
Verizon to acquire Fleetmatics car-tracking firm for $2.4B
Verizon Communications says its $2.4 billion acquisition of GPS vehicle-tracking company Fleetmatics Group will accelerate its entry into fleet management and the connected-vehicle business. The transaction price of $60 a share is about a 40% […]
Fintech firms wary of Brexit consequences
Britain’s financial-technology companies fear that uncertainty related to the UK’s decision to leave the EU will make it more difficult to find funding. “Even now, no one is quite sure precisely what Brexit will entail, […]
Microsoft has raised $19.75B in debt to acquire LinkedIn
Following the acquisition of LinkedIn, Microsoft (NASDAQ:MSFT) has raised $19.75B in its biggest ever debt sale and the fifth largest corporate bond sale on record. Strong demand helped the company to borrow at lower rates […]
Tesla to Acquire Solar City for $2.6bn
Tesla Motors Inc. (TSLA) announced today it will acquire solar panel company SolarCity (SCTY) for $2.6 billion in an all-stock transaction. Tesla said it hopes the deal will create the world’s first vertically integrated sustainable […]
Google and GSK create a world leader in ‘bioelectronics’
The two companies will invest £540 million in the new UK-based business over 7 years, as well as contributing intellectual property rights to Galvani. Galvani will “enable the research, development, and commercialisation of bioelectronic medicines.” […]
Is “co-living” really a new concept?
WeWork, the $16 billion coworking startup, is reportedly betting that its co-living venture, WeLive, will provide the company with 21% of its revenue by 2018. Other startups like Common are trying to build an entire […]
IPO market is moving slowly
This year, US initial public offerings have occurred at the slowest pace since 2009. Private-equity firms may see selling to another company as a faster way to exit from an investment than listing it on […]