Toshiba $5 billion stock issue results in huge dilution but delisting risk removed
FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo Toshiba Corp’s plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more than 30 overseas investors, […]
Abu Dhabi’s Adnoc to Sell Up to 20% of Fuel-Station Unit in IPO
An employee uses a fuel pump to fill a customer’s vehicle with unleaded petrol in Dubai, United Arab Emirates, on Monday, July 4, 2011. Abu Dhabi National Oil Co., known as Adnoc, may take over petrol stations owned by Emirates National Oil Co. and Emirates Petroleum Products Co. in the northern emirates, Gulf News said, […]
S&P 500 Futures Fall As Merkel Coalition Talks Fail; Marvell-Cavium Near $6 Billion Deal
utures for the S&P 500 index futures fell modestly early Monday morning after German coalition talks broke down, putting into doubt the future of long-running Chancellor Angela Merkel. Meanwhile, Marvell Technology (MRVL) reportedly is near a deal to buy fellow Cavium (CAVM) for $6 billion as chip takeover buzz has heated up with Broadcom (AVGO) making a $130 billion overture to […]
Stitch Fix shares spike in IPO after opening at $16.90
Stitch Fix shares debut on the Nasdaq at $16.90, having priced at $15 the previous night. The online retail service raised $120 million in a downsized IPO that priced below its indicated range of $18 to $20. Following troubles at Blue Apron and Snap, which have tumbled since going public in 2017, analysts and investors […]
Uber investor Bill Gurley: My firm was ‘on the right side of history’ for ousting Travis Kalanick
Bill Gurley is a general partner at Benchmark. His firm was involved in a lawsuit against Uber’s former CEO. Gurley has been outspoken about the state of venture capital on his widely read blog, “Above the Crowd.” When it comes to Uber, venture capitalist Bill Gurley said he thinks he was on the right side […]
CEO Flannery bought 60K shares of GE stock
An SEC filing just revealing that John Flannery, General Electric’s chief executive, purchased 60,000 shares of the company’s common stock on November 15th at $18.27 per share.
Toshiba set to OK $5 billion injection Monday to stay listed-sources
Toshiba Corp <6502.T> will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said. Toshiba, reeling from the bankruptcy of its U.S. nuclear unit Westinghouse […]
Jeff Bezos describes the critical business skill he learn…
Amazon CEO Jeff Bezos knows what it takes to build a business worth billions and he has his grandfather to thank for part of his success.
Meet some people getting rich from bitcoin
For Eddy Zillan’s bar mitzvah in 2012, his parents gave him $5,000 to start an investment fund. They expected him to start dabbling in stocks. Instead, he began buying cryptocurrencies like bitcoin and ethereum. Eddy saved up another $7,000 from summers spent working at a tennis club and other jobs, adding that to his investment fund for a […]
Tesla’s electric big rig is already facing stiff competition
Daimler, Bosch and Warren Buffett are all racing to electrify trucking Tesla CEO Elon Musk announced earlier this year that an all-electric semi was already in development. He later teased its driving impressions during a Technology, Entertainment and Design conference. While the company plans to show off its electrified rig in coming days, Tesla is already facing competition from some […]