Corporate
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Shares of Twitter fell hard after quarterly update showed more losses
Jul 27, 2016News Hour: Twitter’s shares fell hard on Tuesday after its quarterly update showed more losses for the struggling social media platform, which has seen sluggish growth in revenues and active users, reports BSS. Shares were down... -
JetBlue orders for 30 additional A321 aircraft
Jul 26, 2016News Hour: New York-based JetBlue Airways has amended its purchase agreement with Airbus to include an additional 15 Airbus A321ceo and 15 A321neo aircraft. The airline, which already operates A321s, has not yet announced its engine... -
Trafigura Trading LLC renewed its North American borrowing base credit facility
Jul 26, 2016News Hour: Trafigura Trading LLC, a wholly-owned subsidiary of Trafigura Group Pte Ltd successfully renewed its North American Borrowing Base Credit Facility. Despite a strong oversubscription the company decided to slightly reduce the two year facility... -
Hyundai Motor reports drop in net profit for the 10th consecutive quarter
Jul 26, 2016News Hour: Currency swings and slumping sales in emerging markets took a further toll on South Korea’s Hyundai Motor, which reported on Tuesday a drop in net profit for the 10th consecutive quarter. Hyundai — along with... -
Fannie Mae issues $10.1 billion of multifamily MBS
Jul 25, 2016News Hour: Fannie Mae announced today that the company issued $10.1 billion of multifamily MBS in the second quarter of 2016, primarily through its Delegated Underwriting and Servicing (DUS®) program. Fannie Mae also resecuritized $2.9 billion of... -
Verizon to acquire Yahoo in a deal pegged at $4.8 billion
Jul 25, 2016News Hour: Verizon Communications Inc said it had agreed to buy Yahoo Inc’s core internet business for $4.83 billion in cash, ending a lengthy sale process for the fading Web pioneer, reports Reuters. Buying Yahoo’s operations... -
GM to re-evaluate planned $1 billion investment in India
Jul 25, 2016News Hour: General Motors is re-evaluating its planned $1 billion investment in India and has put on hold moves to bring a new car platform to India as it re-assesses its strategy in the country, according... -
Deal to acquire Yahoo to be announced by Verizon on Monday
Jul 25, 2016News Hour: Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter, reports Reuters. The announcement will come before the start... -
Verizon nears to acquire Yahoo
Jul 22, 2016News Hour: Yahoo Inc is focused on selling its core assets to U.S. telecommunications company Verizon Communications Inc after reviewing final bids that it received in an auction, people familiar with the matter said on Friday, reports Reuters.... -
Mahindra Comviva introduces new digital payment ecosystem
Jul 22, 2016News Hour: Mahindra Comviva, the global leader in providing mobility solutions, announced the release of the new and upgraded mobiquity® Wallet 2.0. The second generation of mobiquity® Wallet will offer digital wallet providers the flexibility to...