Financial & Business News


SONY Stock News Image -

For more than week, it's been crickets when it comes to the push and pull between Skydance and Sony Pictures Entertainment/Apollo over Paramount Global. However, making some noise during a Sony Pictures Entertainment investor event tonight was CEO Tony Vinciquerra. 2024 May 29
MCHP Stock News Image -

CHANDLER, Ariz., May 29, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced the pricing of $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Microchip also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date Microchip first issues the notes, up to an additional $150 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on May 31, 2024, subject to customary closing conditions, and is expected to result in approximately $1.09 billion in net proceeds to Microchip after deductin 2024 May 29
BHP Stock News Image -

The world's most valuable mining company couldn't persuade Anglo American to sell, but the story doesn't end here. 2024 May 29
WDC Stock News Image -

Western Digital Corporation (NASDAQ:WDC ) Goldman Sachs Global Semiconductor Conference May 29, 2024 3:20 PM ET Company Participants David Goeckeler - CEO Wissam Jabre - CFO Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari All right. We'd like to get started. 2024 May 29
DIS Stock News Image -

Nelson Peltz may have lost the battle with Disney, but in strict financial terms may have won the war. The activist investor waged a months-long campaign against CEO Bob Iger and the media company's board of directors, ending in a decisive defeat at April's annual shareholder meeting. 2024 May 29
MA Stock News Image -

Mastercard Incorporated (NYSE:MA ) Bernstein Strategic Decisions Conference May 29, 2024 1:30 PM ET Company Participants Sachin Mehra - Chief Financial Officer Conference Call Participants Harshita Rawat - Bernstein Harshita Rawat Good afternoon, everyone. I'm Harshita Rawat, Bernstein Senior Analyst covering payments, and I'm delighted to be joined today by Sachin Mehra, Mastercard CFO. 2024 May 29
AMZN Stock News Image -

Amazon and Tesla are the only remaining companies in the Magnificent Seven group that do not give dividends or buybacks. Amazon is unlikely to start rewarding investors unlike other tech companies, as it can still use the cash flow in many new growth opportunities. Amazon is investing heavily in building better logistics, which will give the company a long-term edge in e-commerce and also increase the attraction of its subscription business. 2024 May 29
AAPL Stock News Image -

Japanese Prime Minister Fumio Kishida held a video conference with Apple CEO Tim Cook on Thursday and they agreed to put Japan's "My Number" identification card functions onto iPhones, Japan's top government spokesperson said. 2024 May 29
CRM Stock News Image -

Salesforce (CRM) shares plunged more than 16% in after-hours trading on Wednesday after the cloud-based software company reported its first quarterly revenue miss in 18 years and issued weak annual sales guidance amid enterprise customers reining in their IT budgets and longer-than-average deal cycles. We take a look at the chart and identify two key levels where buyers may step in to defend the price. 2024 May 29
DOW Stock News Image -

ConocoPhillips is set to buy Marathon Oil in a $17 billion deal that would boost its portfolio. 2024 May 29
10 of 1,000