Markets

PG&E’s Power Shutoff Due To Strong Winds Could Affect 19 Counties In California

PG&E has warned that around 250,000 residents could be out of power due to strong winds. A Public Safety Power Shutoff could affect around 19 counties as strong winds continue to rock the state. PG&E is shutting off the power to minimize the risks of wildfires. Affected areas in California include North Valley, Sierra Foothills, […]

HP Inc. (NYSE:HPQ) Declines Xerox’s (NYSE:XRX) $33.5 Billion Acquisition Bid

In recent times HP Inc. (NYSE:HPQ) has received various buyout offers, but the company is not yet ready to give up its independence. The company rejected a bid by Xerox Holdings Corp (NYSE:XRX) to acquire the company at $33.5 billion. HP rejects the bid because of undervaluation The company rejected the offer to buy it […]

Yahoo Japan Reaches Agreement To Merge With Line Corp (NYSE:LN)

On Monday, SoftBank (OTCMKTS:SFTBY) announced that it had reached a merger agreement with Z Holdings (OTCMKTS:YAHOF), formerly known as Yahoo Japan and Line Corp (NYSE:LN). The move aims at creating an internet firm to take on the US and Chinese online giants. Nave and SoftBank to hold 50% stake each in the new company According […]

Walmart Inc.’s (NYSE:WMT) Parent Company Sues 31 Counties In Colorado

Walmart Inc.’s (NYSE:WMT) parent company is suing several counties in Colorado where it has store locations. The company has allegedly claimed that there is an overvaluation of its stores’ equipment. Walmart suing 32 counties in Colorado According to Durango Herald assessors in the county have the responsibility of taking inventory of the personal property of […]

Google (NASDAQ:GOOGL) Confident Of Acquiring Fitbit (NYSE:FIT) Amid Growing Antitrust Concerns

Google (NASDAQ:GOOGL) has been confident from the start regarding its plan to acquire Fitbit Inc. (NYSE:FIT). The company has announced a 2.2 billion acquisition of the health and fitness device maker. Fitbit insert $250 million breakup fee if the deal with Google fails There has been growing criticism about Google violating antitrust regulations, and there […]

Tesla Inc. (NASDAQ:TSLA) Trademarks “Cybertruck” Ahead of Its Launch

Tesla Inc. (NASDAQ:TSLA) has trademarked the names “Cybertruck” and “Cybrtrk” ahead of the launch of its new electric pickup truck. The company documented the names with the US patent and Trademark Office along with its logo. Tesla trademarks name of its electric pickup truck The company files the trademark on November 6 before the unveiling […]

Alphabet Inc (NASDAQ:GOOGL)’s Acquisition Of Fitbit Helps To Delve Into Healthcare Market: Google To Compete With Apple Inc. (NASDAQ:AAPL)

Alphabet Inc (NASDAQ:GOOGL) acquired Fitbit for $2.1 billion to fulfill its ambition of ambient computing. With this takeover, the search giant would bring together hardware, software and AI to develop innovative wearables.  Google will also get a technical edge to compete with Apple’s Watch. The deal also helps Google to penetrate the healthcare market. What […]

Amazon.com, Inc (NASDAQ:AMZN) To Challenge The Microsoft Corporation (NASDAQ:MSFT) Contract Win

Microsoft Corporation (NASDAQ:MSFT) is still in a victory mood following a decision by Pentagon to award it the JEDI cloud contract. This happens to be a $10 billion contract but there are concerns that this victory might be short-lived. That is because Amazon.com, Inc (NASDAQ:AMZN) isn’t taking matters on a light note. A close outlook […]

Encana Corp (NYSE:ECA) Moves Headquarters To The US And Changes Name To Ovintiv Inc

Encana Corp (NYSE:ECA) is planning to move its headquarters to the US citing an unfavorable business climate in Canada. The company plans to protect the interests of its investors. Though it’s Chief Executive Officer, Doug Suttles denied the move is on the backdrop of government’s hostility to the oil and gas industry, the founder, Gwyn […]

FCC Officially Approvals The Merger Between Sprint Corp (NYSE:S) And T-Mobile Us Inc (NASDAQ:TMUS)

The Federal Communications Commission formally approved T-Mobile Us Inc (NASDAQ:TMUS) acquisition of Sprint Corp (NYSE:S). This merger is valued at $126 billion. Despite consistent opposition from consumer advocacy groups and attorney generals, this is a big win for both companies. It is believed that this merger will bring significant transformation to the US wireless industry. […]