Author: Barb Flanagan

Digital Data Consumption Rises 13% Annually as Google Wins, Facebook Loses, Pivotal Says

Digital Data Consumption Rises 13% Annually as Google Wins, Facebook Loses, Pivotal Says

Consumption of digital content on PCs, tables and mobile handsets increase 13% year-over-year, in line with growth observed earlier this year, Pivotal Research analysts said, citing data from Nielsen. The data is positive for Google (GOOG) but negative for Facebook (FB), the firm said. “Looking at specific media owners we can see a continuing shift of share in consumption trends […]

Dow Higher in Early Trading on Jobs Reports, Nasdaq Lower as Tech Companies Tank

Dow Higher in Early Trading on Jobs Reports, Nasdaq Lower as Tech Companies Tank

The Dow Jones Industrial Average was higher in early trading after strong labor reports while the Nasdaq fell on declines at Facebook and Amazon. Initial jobless claims in the US were near a 49-year low of 203,000 in the week that ended on Sept. 1, down 10,000 from seven days earlier and beating consensus from Econoday for 213,000, the Labor […]

Blackstone Group Sends Sternly Worded Letter to Investa

Blackstone Group Sends Sternly Worded Letter to Investa

US private equity giant Blackstone (BX) on Wednesday said in a sternly worded letter that a competing bid for Australian office real estate investor Investa Office Fund was not superior and that it reserves the right to cancel its bid should the company back out of a planned acquisition. Blackstone had originally offered $5.25 a share for the Australian company, […]

Tyson Foods’ Price Target From RBC Cut to $77

Tyson Foods’ Price Target From RBC Cut to $77

Tyson Foods (TSN) received a price-target reduction Tuesday from RBC Capital Markets, which cited greater-than-anticipated softness in chicken demand as the firm reduced its earnings estimates for the food company known for its namesake, Jimmy Dean and Hillshire Farm brands. The cut comes a day after Tyson Foods reported fiscal Q3 adjusted earnings per share above analysts’ expectations but its […]

Cardinal Health’s Price Target From RBC Cut to $56 From $61

Cardinal Health’s Price Target From RBC Cut to $56 From $61

Cardinal Health (CAH) received a price-target reduction from RBC Capital Markets after the health-care services and products company reported fiscal Q4 results above analysts’ expectations Monday but the midpoint of its guidance range for fiscal 2019 adjusted earnings per share missed analysts’ mean estimate. The new price target from RBC is $56 per share, down from $61. The stock closed […]

Kosmos Energy Enters Gulf of Mexico With Acquisition of Deep Gulf Energy

Kosmos Energy Enters Gulf of Mexico With Acquisition of Deep Gulf Energy

Kosmos Energy (KOS) said Monday it will acquire Deep Gulf Energy, a deepwater firm operating in the Gulf of Mexico, for $1.225 billion. The company said the acquisition will add to its deepwater Atlantic Margin portfolio and will be immediately accretive. The deal will enhance the scale of the company and is expected to generate “significant” free cash flow that […]