Eldorado Resorts Places $1.7 Billion Bet on Expansion
Eldorado Resorts said Monday that it has entered a definitive agreement to acquire Isle of Capri Casinos for about $1.7 billion.
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Paul Ausick
Tech Data to Pay $2.6 Billion for Avnet IT Business
Electronics distributor Tech Data announced Monday that it has agreed to acquire the Technology Solutions business of Avnet in a deal worth more than $2 billion.
SunPower, First Solar Slip into Wednesday’s 52-Week Low Club
September 14, 2016: Here are four stocks trading with relatively heavy volume among 66 equities making new 52-week lows in Wednesday’s session. NYSE decliners led advancers by nearly 3 to 2 and Nasdaq decliners…
IBM, Chevron Weigh on DJIA Wednesday
September 14, 2016: Markets opened higher Wednesday following a weak performance the day before. The energy sector did its best to drag the rest of the market down with it, but the tech and…
High-Yield Bond Defaults Trending Higher in September
The trailing 12-month default rate on U.S. high-yield bonds slipped from 5.1% at the end of July to 4.9% in August.
Spotify Claims 40 Million Paid Subscribers, More Than Double Apple Music Total
After Apple announced 17 million subscribers to its Apple Music service last week, Spotify's CEO said that his streaming music service had reached 40 million paying subscribers.
Crude Price Cuts Losses on Small Inventory Drawdown
U.S. commercial crude inventories decreased by 600,000 barrels last week but remain at historically high levels for this time of year, according to the EIA.
Following the Money in Ford’s Plans for the Future
Ford Motor Co. (NYSE: F) said Wednesday morning in its investor-day presentation that the company sees 20% margins down the road in new car technologies like electric vehicles, autonomous driving and network-connected vehicles. Ford…
Bayer Stumps Up $66 Billion to Acquire Monsanto
One of the most talked about deals of the year has been the acquisition of Monsanto by German chemical giant Bayer. The deal was finally announced Wednesday morning.
What Will Occupants of a Self-Driving Car Do? Mostly Worry
One of the more well-publicized benefits of a self-driving car is that the occupants of such a vehicle will be able to use that time productively.
Mortgage Loan Rates Tick Lower, Applications Increase
The latest Mortgage Bankers Association report on mortgage applications noted a week-over-week increase of more than 4% in the group's seasonally adjusted composite index for the week ending September 9.
Offshore Drillers Ensco, Noble Energy in Tuesday’s 52-Week Low Club
September 13, 2016: Here are four stocks trading with relatively heavy volume among 51 equities making new 52-week lows in Tuesday’s session. NYSE decliners led advancers by nearly 9 to 1 and Nasdaq decliners…
Chevron, American Express Sink Dow on Tuesday
September 13, 2016: Markets opened lower Tuesday as a stronger dollar curbed enthusiasm for oil and left Monday’s rebound in the rear-view mirror. The energy sector led the losers with techs posted the smallest…
Boeing Takes the Wraps Off Proposed Air Force Training Jet
In a presentation Tuesday at the company’s defense facility in St. Louis, The Boeing Co. (NYSE: BA) unveiled its entry into the contract competition for a new training jet for the U.S. Air Force.…
Weight Watchers CEO Goes, Oprah to Aid Search for Replacement
Oprah Winfrey is a member of a board committee that will search for new Weight Watchers CEO following the resignation of James Chambers announced Monday afternoon.
Why iPhone 7 Orders Are Soaring at T-Mobile and Sprint
Apple already has forecast a third consecutive quarter of declining revenue and whether sales of the new iPhones can turn that around remains to be seen.
Freeport-McMoRan, Anadarko in $2 Billion Offshore Deal
Freeport-McMoRan has announced that its oil and gas subsidiary has agreed to sell its deepwater Gulf of Mexico assets to Anadarko Petroleum for $2 billion.
Marijuana News Roundup: Support for California Legalization Falling?
When it comes to measuring the success of this year's efforts to legalize marijuana for recreational use, the yardstick is certain to be California.
July Foreclosure Inventories Highest in New York City, Miami, Las Vegas
In the month of July, 34,000 U.S. home foreclosures were completed, down month over month and year over year, according to CoreLogic.
Small Business Optimism Dips in August
The National Federation of Independent Business has reported that its small business optimism index for August remains well below the index's 42-year average.