At IPO prices, Icahn’s 2.7% stake would be $550 million. The price paid by Soros is not clear. According to a report from the Wall Street, billionaire investor Carl Icahn sold his nearly 2.7% of his stake in Lyft Inc to George Soros ahead of its initial public offering. According to the report, Jonathan Christodoro,…
Amazon is planing to expand its Prime Now service to nearly all of its roughly 475 Whole Foods stores in the country and not just limit the expansion to Western North America. According to a report from the Wall Street Journal, Amazon.com Inc plans on expanding its Whole Foods Market portfolio by adding more stores…
The cyber attack caused disruption to production systems in the Saturday edition of a number of newspapers, all of whom shared a common production platform. According to a report from the Los Angeles Times, a cyber attack, that appeared to originate outside the U.S., caused significant printing and delivery disruptions at several U.S. newspapers including…
According to the U.S. National Security Agency, Chinese cyber activity in the United States has risen in recent months with the bulk of these attacks aimed at disrupting critical infrastructure. The Wall Street Journal has reported, Chinese hackers have been able to breach and steal a slew of documents,including missile plans, from U.S. Navy contractors…
Yesterday, senior officials from the Department of Homeland Security and the Justice Department at a Senate Judiciary Committee hearing on “China’s Non-Traditional Espionage Against the United States: The Threat and Potential Policy Responses.” As per a senior U.S. intelligence official, in recent months, cyber activities by China in the United States has increased significantly. These…
Details of the deal, which is huge given that traditional carmakers have so far been hesitant to hand over the data from their infotainment systems to rivals given the potential streams that can be generated from there, have not been made public. On Tuesday, in what is likely to be a huge boost to Google’s…
Starboard, which has nominated 5 members to Symantec’s board, intends to boost Symantec’s margins. On Thursday, as per a report from The Wall Street Journal, Starboard Value LP, an activist investor, has taken a 5.8% stake in Symantec Corp and is looking to take at least 5 seats in its Board of Directors. The WSJ…
The practice was confined to only small to mid-size businesses. As per a report from the Wall Street Journal citing sources familiar with the matter at hand, American Express Co raised currency conversion rates for business clients without notifying its customers in advance; AmEx’s move was aimed at boosting its employee commission and revenues. The…
According to officials from the U.S. Department of Homeland Security, the Russian state-sponsored group known as Energetic Bear which also goes by the name of Dragonfly, have claimed “hundreds of victims” in 2017, which include U.S. electric utilities. As per a report from the Wall Street Journal, in 2017 Russian hackers had been able to…
As per the WSJ with April 11 set as a deadline for the preliminary bids, Yahoo is likely to finalise the deal by June or July this year. Citing sources, the Wall Street Journal has reported that Yahoo Inc has set April 11 as a deadline for submitting preliminary bids for its web business and…
business-gurus.com 