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  • 11/22/2017 15:29:33

    Peter Thiel wants to be able to bid for Gawker assets: report

    Billionaire Peter Thiel may be looking to buy Gawker.com, the website he helped shut down last year. On Wednesday, Thiel's lawyers objected to the shuttered news site's bankruptcy sale process, claiming he has been unfairly excluded from bidding on Gawker.com's assets, Buzzfeed reported. Those assets include the site itself, along with its article archives. If Thiel were to buy Gawker.com, he could do whatever he chooses with the archives, including deleting them. Last year, the site's parent company, Gawker Media, declared bankruptcy and sold most of its assets to Univision Communications Inc. after it was unable to pay a $140 million verdict in an invasion-of-privacy case involving Hulk Hogan. It was revealed that Thiel bankrolled Hogan's legal case, apparently motivated by a 2007 Gawker story about Thiel's sexuality. A spokesperson for Thiel would not tell Buzzfeed whether Thiel was interested in buying Gawker.com.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/22/2017 11:40:48

    Uber breach, cover-up trigger government probes around the globe

    TORONTO (Reuters) - Governments around the globe launched investigations into Uber Technologies Inc [UBER.UL] after the company disclosed it had covered up a breach that exposed data on millions of customers and drivers, the latest scandal to rock the ride-hailing firm.

  • 11/22/2017 10:17:24

    Nutanix hits 9-month high as analyst initiates coverage with Street-high price target

    Nutanix Inc. shares rallied Wednesday after another analyst initiated coverage of the stock with a buy rating, citing the enterprise-computing company's disruptive offerings that stand to benefit from secular changes in how businesses are buying data center services. Nutanix shares surged 7.7% to $32.53 on volume of more than 3.7 million shares midday, compared with a 52-week average daily volume of 2.8 million shares. Shares, which are up 22% this year, are on track for their highest close since mid-February. In comparison, the Nasdaq Composite Index is up nearly 28% for the year. Needham analyst Jack Andrews started coverage with a $45 price target, citing the company's scalable data center services, history of strong revenue growth, and the gravitation of businesses toward cloud computing. Andrews said that investors perceive Nutanix as a commodity hardware company rather than a data-center operating systems company. "In our view, significant longer term upside exists if investors begin to revalue NTNX as a pure-play software company, which we believe is likely given the true value proposition of its product portfolio and vision," Andrews said in a research note. Earlier in the month, shares rallied after Raymond James raised their rating on the stock. Nutanix is scheduled to report quarterly earnings Nov. 30. With the addition of Needham, 19 analysts cover Nutanix, and of those, 14 have buy or overweight ratings and five have hold ratings, with an average price target of $32.25, according to FactSet. The next highest price target is $40 from Wells Fargo Securities analyst Aaron Rakers.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/21/2017 20:41:26

    Microsoft's Skype pulled from Apple, Android China app stores

    BEIJING (Reuters) - Skype, Microsoft Corp's internet phone call and messaging service, has disappeared from app stores in China including that of Apple Inc , indicating the latest setback for a foreign tech service in the country.

  • 11/21/2017 19:28:15

    Former teen idol David Cassidy dies at 67

    Actor, singer and former teen idol David Cassidy died Tuesday at 67, his publicist announced. Cassidy suffered from dementia and died of organ failure, his publicist, Jo-Ann Geffen said. Known for his good looks and lush hair, Cassidy gained pop culture fame in the early 1970s as a co-star on the TV musical "The Partridge Family," and in 1970 sang the No. 1 Billboard pop hit, "I Think I Love You." "On behalf of the entire Cassidy family, it is with great sadness that we announce the passing of our father, our uncle, and our dear brother, David Cassidy," his family said in a statement released by Geffen. "David died surrounded by those he loved, with joy in his heart and free from the pain that had gripped him for so long. Thank you for the abundance and support you have shown him these many years."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/21/2017 18:19:10

    'Very uncertain' Yellen still predicts U.S. inflation rebound

    NEW YORK (Reuters) - Federal Reserve Chair Janet Yellen stuck by her prediction that U.S. inflation will soon rebound but offered on Tuesday an unusually strong caveat: she is "very uncertain" about this and is open to the possibility that prices could remain low for years to come.

  • 11/21/2017 14:15:51

    Meg Whitman to step down as chief executive of HPE

    Hewlett Packard Enterprise Co. Chief Executive Meg Whitman will step down in 2018 and be replaced by Antonio Neri, the company announced Tuesday afternoon. Whitman has been in charge of the former Hewlett-Packard since 2011, overseeing the company's separation into consumer- and enterprise-facing operations in HP Inc. and HPE, as well as other spin-offs and changes. "I'm incredibly proud of all we've accomplished since I joined HP in 2011," Whitman said in Tuesday's announcement. "Today, Hewlett Packard moves forward as four industry-leading companies that are each well positioned to win in their respective markets." Neri has been with HPE since 1995, and has been running the Enterprise Group since 2015. He was named president of HPE in June. Whitman will remain on the board of HPE. HPE, which also announced fiscal fourth-quarter earnings Tuesday afternoon, saw shares sink by almost 8% in immediate late trading after the twin announcements.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/21/2017 12:45:00

    Shareholders urge TransCanada to back Keystone XL despite risk

    CALGARY, Alberta, Nov 21 (Reuters) - TransCanada Corp should push ahead with an $8 billion Keystone XL pipeline expansion after the state of Nebraska on Monday approved a route that would raise the cost of the controversial project, some shareholders said. The approval quashed the last regulatory hurdle for the nearly decade-old project, but the Nebraska Public Service Commission denied TransCanada's preferred route. That opened the door to potential delays and emboldened activists who said they

  • 11/21/2017 12:27:04

    NYSE's breadth and volume data suggests investors aren't scrambling to buy stocks

    Despite the big, broad rally in the major stock market indexes, breadth readings for the NYSE suggest investors aren't so worried about missing the boat to buy stocks. There are 1,960 stock gaining ground on the NYSE, compared with 925 declining stocks and 146 stock that are unchanged, according to FactSet, which means 64.7% of the stocks traded are rising. But volume of advancing stocks represents just 59.2% of the total volume. That has pushed the NYSE's Arms Index up to 1.434. The Arms Index is a volume-weighted breadth measure, which tends to rise above the equilibrium 1.000 rating when the market falls, as the proportion of volume flowing into declining stocks tends to be higher than the volume flowing into advancing stocks. Basically, Tuesday's Arms reading suggests investors are more worried about missing the opportunity to sell the stocks that are declining than they are about buying stocks that are rising. Meanwhile, the Dow Jones Industrial Average is rallying 165 points, or 0.7% and the S&P 500 is gaining 0.7%, both toward record closes.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/21/2017 11:41:53

    SEC charges Long Island town and elected official with municipal bond fraud

    The Securities and Exchange Commission charged the town of Oyster Bay and its highest elected official on Tuesday with allegedly defrauding municipal bond investors when it failed to disclose side deals with a local businessman who had contracts with the town. This businessman allegedly cultivated the relationship with the town, then-town supervisor John Venditto and other officials with gifts, bribes, kickbacks, and political support. In return the town of Oyster Bay, New York allegedly agreed to indirectly guarantee four private loans-totaling more than $20 million-for this vendor and failed to disclose the indirect guarantees in connection with any of the 26 securities offerings the town issued between Aug. 2010 and Dec. 2015. The SEC's complaint alleges that Oyster Bay and Venditto deliberately concealed the indirect loan guarantees, including one that could have required the town to make a termination payment of approximately 16% of the town's operating budget -$16 million-within 60 days had the vendor defaulted on the loans. The SEC's investigation is continuing. The U.S. Attorney's Office for the Eastern District of New York also filed an indictment on Tuesday that included securities fraud charges against Venditto. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/21/2017 10:50:09

    CBS News fires journalist Charlie Rose following sexual harassment accusations

    CBS News said on Tuesday that it has fired TV host, and journalist Charlie Rose, effective immediately. The news, announced in a memo to staff from CBS News President David Rhodes, comes after eight women accused Rose of sexual harassment and sexual assault. In the memo Rhodes said that "Despite Charlie's important journalistic contribution to our news division, there is absolutely nothing more important, in this or any organization, than ensuring a safe, professional workplace--a supportive environment where people feel they can do heir best work. We need to be such a place."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/21/2017 08:51:46

    Iranian man charged in HBO 'Game of Thrones' hacking case

    Federal prosecutors on Tuesday charged an Iranian man with the hack into Time Warner Inc.-owned HBO's computer system, that led to unaired episodes of the network's hit show "Game of Thrones" being leaked online, according to news reports. HBO's systems were hacked over the summer, and handfuls of TV episodes, documents and company emails were leaked online. The hacker, Behzad Mesri, according to reports, demanded $6 million in bitcoin at the time. According to reports, Mesri is a member of the Turk Black Hat Security hacking team and has ties to the Iranian military, however, it's not believed that the HBO hack was on behalf of the Iranian government. Shares of Time Warner have declined nearly 8% in the year to date, while the S&P 500 index is up more than 16% and the Dow Jones Industrial Average is up close to 19%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/21/2017 06:42:04

    UPDATE: Medtronic shares jump 3% premarket after second-quarter profit and sales beats

    Medtronic plc said Tuesday it had net income of $2.01 billion, or $1.48 a share, in its fiscal second quarter through Oct. 28, up from $1.12 billion, or 80 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.07, ahead of the FactSet consensus of 98 cents. Sales fell to $7.05 billion from $7.35 billion, but were also ahead of the FactSet consensus of $6.98 billion. The revenue decline was driven by the company's sale of its Patient care, Deep Vein Thrombosis and Nutritional Insufficiency businesses to Cardinal Health that took place at the beginning of the quarter. Hurricane Maria shaved another $55 million to $65 million off revenue. "Our second quarter financial results are very encouraging, when considered in the context of a quarter in which we faced three hurricanes and the California wildfires," chief Executive Omar Ishrak said in a statement. The company reiterated guidance that is based on a comparable, constant currency basis. Shares jumped 3% premarket, and have gained 11% in 2017, while the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/21/2017 05:21:51

    Burlington Stores shares slide 6% premarket as sales fall slightly short of views

    Burlington Stores Inc. shares fell 6% in premarket trade Tuesday, after the company's third-quarter sales number came in slightly short of expectations and the company offered a fourth-quarter EPS outlook that was below consensus. The discount retailer said it had net income of $44.9 million, or 65 cents a share, in the third quarter, compared with $32.4 million, or 45 cents a share, in the year-earlier period. Adjusted per-share earnings came to 70 cents, ahead of the FactSet consensus of 66 cents. Sales rose 7.1% to $1.438 million, a touch below the FactSet consensus of $1.439 billion. Same-store sales rose 3.1%, matching the FactSet consensus. The company said it now expects fourth-quarter sales to rise 11% to 12% and same-store sales to rise 2% to 3%. Adjusted EPS is expected to range from $2.02 to $2.06. The FactSet consensus is for same-store sales of 2.9% and EPS of $2.10. For the full year, the company expects sales to rise 8.1% to 8.4% and for same-store sales to be up 2.3% to 2.6%. Adjusted EPS is expected to range from $4.23 to $4.27. The FactSet consensus is for full-year same-store sales of 2.6% and EPS of $4.25. Shares have gained 26% in 2017, while the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/20/2017 14:26:38

    Palo Alto Networks shares rally on earnings, outlook beat

    Palo Alto Networks Inc. shares rallied in the extended session Monday after the cybersecurity company reported earnings and outlook that topped Wall Street estimates and named a new financial chief. Palo Alto shares surged 6% to $150.49 after hours. The company reported a fiscal first-quarter loss of $64 million, or 70 cents a share, compared with a loss of $56.9 million, or 63 cents a share, in the year-ago period. Adjusted earnings were 74 cents a share. Revenue rose to $505.5 million from $398.1 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 68 cents a share on revenue of $488.8 million. Palo Alto estimates adjusted earnings of 78 cents to 80 cents a share on revenue of $518 million to $528 million for the fiscal second quarter, and $3.35 to $3.41 on revenue of $2.15 billion to $2.19 billion for the year. Analysts expect earnings of 77 cents a share on revenue of $519.6 million for the second quarter, and $3.31 on revenue of $2.15 billion for the year. Palo Alto also announced that Kathy Bonanno will become the company's next chief financial officer.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/20/2017 14:17:31

    BRIEF-Independence Realty Trust obtains $100 mln term loan

    * Independence Realty Trust Inc - entered into a seven-year, $100 million unsecured term loan that will reach maturity in November 2024​

  • 11/20/2017 13:00:34

    A Google-Related Plan Brings Futuristic Vision, Privacy Concerns To Toronto

    Sidewalk Labs, a sibling company to Google, plans to redevelop Toronto's waterfront as a high-tech, livable lab. Some residents wonder what a data-driven development could mean for privacy.

  • 11/17/2017 23:27:20

    Moody's withdraws RCom's credit rating after missed payment

    Rating agency Moody's (MCO) said on Friday it has withdrawn its credit rating on Reliance Communications, as it considers the Indian telecom operator to be in default for missing an interest payment on its bonds that was due last week.

  • 11/17/2017 16:41:50

    Wells Fargo consumer lending head axed after disparaging regulators: source

    NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator...

  • 11/17/2017 16:39:23

    UPDATE 5-Wells Fargo consumer lending head axed after disparaging regulators -source

    NEW YORK/WASHINGTON Nov 17 (Reuters) - Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee.

  • 11/17/2017 06:54:31

    Tesla bonds rally after unveiling of Semi truck and new roadster

    Tesla Inc.'s recently issued junk bonds rallied Friday, after the company launched its Semi tractor-trailer and surprised investors with the unveiling of a new version of the Roadster, the electric sports car designed in conjunction with Lotus in the car maker's first automotive effort more than a decade ago. Chief Executive Elon Musk said the new sports car would be first production car able to go from 0 to 60 miles an hour in less than two seconds. "These numbers sound nutty, but they're real," Musk said at the event, streamed live on the internet. TEsla shares jumped in premarket trade after trucking company J.B. Hunt Transport Services Inc. said it has already ordered multiple tractors. The bonds rallied too, with the most active notes, the 5.300% notes that mature in October of 2025, jumping almost 2 points to 96.31 cents on the dollar to yield 5.899%. On a spread basis, the notes were trading at 353 basis points over Treasures, or 35 basis points tighter. The notes have been trading underwater since they were issued in August on concerns about the company's finances. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/16/2017 21:06:07

    Sailpoint Technologies prices IPO at $12

    SailPoint Technologies Holdings, Inc. priced its initial public offering at $12 Thursday night, setting the company up to begin trading Friday morning. The price for 20 million shares was higher than the expected range of $9 to $11 a share, and means the IPO will bring in at least $240 million. Sailpoint sells enterprise identity-management tools, which helps businesses securely manage employees' use of multiple apps on their systems. The company has been owned by private-equity firm Thoma Bravo, which will maintain a majority stake in Sailpoint after the IPO. Thoma Bravo offered 5 million shares in the IPO, while Chief Executive Mark McClain and President Kevin Cunningham sold 700,000 shares combined. The other 14.3 million shares were sold by Sailpoint, which will collect at least $171.6 million before fees that it intends to use for general corporate purposes, including "expanding our global presence," according to a filing with the Securities and Exchange Commission. Sailpoint revenue increased to $132.4 million in 2016 from $95.4 million in 2015, while net losses were reduced to $3.2 million from $10.8 million in that time. Underwriters have access to 1.5 million more shares, which are expected to list Friday morning on the New York Stock Exchange under the ticker symbol SAIL.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/16/2017 16:19:32

    Nvidia price target boosted again at RBC

    Nvidia Corp. shares rose slightly in late trading Thursday after RBC Capital Markets analyst Mitch Steves boosted his price target on the stock. Steves moved his price target to $250 from $240 and maintained an outperform rating on the stock in a note delivered shortly after the end of Thursday's trading, explaining that the chip maker's recent earnings beat dramatically increased his best-case scenario for the stock. "Overall, after a single quarter of out-performance the 2020 upside case increases by 10%," Steves wrote. The RBC analyst had already raised his price target to $240 from $230 in the wake of Nvidia's third-quarter earnings report, along with a host of other analysts who helped push Nvidia stock to record levels. Nvidia shares gained about 0.5% in late trading after closing with a 0.8% gain at $211.61; the stock is up more than 98% so far this year, as the S&P 500 index has gained 15.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/16/2017 15:21:01

    Oil climbs in electronic trade as ISDA rules that PDVSA and Venezuela defaulted on debts

    The International Swaps and Derivatives Association ruled Thursday that Venezuela, as well as state oil company Petróleos de Venezuela SA, defaulted on their debts. ISDA's determination committee will reconvene on Nov. 20 to make a decision on how credit-default swaps, which can be used to protect against nonpayment, will be settled, according to a report from the Financial Times. "This is an evolving story," said Phil Flynn, senior market analyst at Price Futures Group. "The default is clear and there is a real risk that this will lead to a dramatic drop in [Venezuelan] oil production that is well below 2 million barrels a day right now," he said. "This should make it more difficult for refiners to get caught up on distillate supply that is well below normal in the U.S. and Mexico. Not great news at all and [this] will be another reason to not be bearish on crude." December West Texas Intermediate crude was at $55.26 a barrel in electronic trading, above the $55.14 Thursday settlement on the New York Mercantile Exchange.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/16/2017 12:49:35

    Barnes & Noble surges 12% on takeover rumors

    Once again, rumors are flying that Barnes & Noble (BKS) is going private. Shares of the bookseller jumped 12% after The Wall Street Journal reported that an activist investor made a $650 million proposal to take the company private. Sandell Asset Management Corp, which bought a stake in Barnes & Noble (BKS) in July, reportedly offered the company a plan that would value it at more than $9 a share.

  • 11/16/2017 09:26:49

    GE credit downgraded at Moody's; share pare earlier gains

    General Electric Co. stock was up 0.1% in morning trade, but pared earlier gains of as much as 1.2%. The industrial conglomerate's long-term credit rating was cut one notch to A2 from A1 at Moody's Investors Service, which cited the "severe deterioration" in GE's Power business, that will last through at least 2019. Moody's affirmed GE's short-term rating of Prime-1, and said the ratings outlook was stable, but said GE's credit metrics "are not expected to be consistent with expectations for the A2 rating over the next several years." The stock, which closed at Tuesday at a near six-year low, has tumbled 11% since new Chief Executive John Flannery detailed GE's turnaround plan on Monday, and has plunged 23% since the day after GE reported third-quarter results on Oct. 20. "Moody's does not anticipate that GE will allocate a meaningful portion of any proceeds from planned asset disposals to debt reduction in the near term to help expedite the restoration of credit metrics," Moody's said in a statement. GE's stock has plummted 42% year to date, while the Dow Jones Industrial Average has gained 19%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/16/2017 00:16:24

    National Australia Bank sacks bankers over home-loan inaccuracies

    National Australia Bank(NAUBF) said on Thursday it had fired 20 bankers and reprimanded dozens more for submitting home-loan applications that had inaccurate or incomplete customer information. The bank said it had found around 2,300 home loans since 2013 that "may not have been established in accordance with NAB's policies," after an extensive review.

  • 11/15/2017 21:52:03

    Oil stable as OPEC cuts counter rising U.S. supplies

    SINGAPORE (Reuters) - Oil markets were stable on Thursday as rising U.S. crude production and inventories were countered by expectations that OPEC will extend an ongoing production cut during a meeting at the end of this month.

  • 11/15/2017 21:41:13

    Four more women describe Roy Moore's unwanted sexual advances

    Four more women came forward Wednesday describing unwanted sexual advances from Roy Moore -- three of them when they were teenagers. Two women described their experiences to the Washington Post. One woman said when she was about 18, Moore -- then about 30 -- unexpectedly called her at her high school. The two eventually went out on a date, and she said Moore gave her an unwanted, "forceful" kiss that left her afraid. Another woman said she complained to her supervisor over Moore's behavior toward that same woman when he entered the Sears store that both teens worked at in Gadsen, Ala. "Watch out for this guy," a store manager reportedly told new hires. Separately, another two women told their stories to Alabama's AL.com. One woman said Moore groped her in 1991, when she was married, and the other said Moore asked her out when she was 17. "I just kind of said, 'Do you know how old I am?'" she told AL.com. "And he said, 'Yeah. I go out with girls your age all the time.'" Earlier in the day, Moore's legal team attempted to discredit other women who have accused him of sexual misconduct, calling them part of a partisan attack against his U.S. Senate campaign.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/15/2017 16:11:13

    Cisco shares surge as return to revenue growth forecast; earnings top Street views

    Shares gain after forecast sees first revenue increase in two years. Cisco Systems Inc. (CSCO) shares rallied in the extended session Wednesday after the networking company topped Wall Street estimates for the quarter and offered a forecast slightly above the consensus that would represent the company's first revenue growth in several quarters. Cisco (CSCO) shares surged 5% to $35.82 after hours on volume of more than 3.1 million shares.

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