corporate
Investors Battle Fidelity in Court Over Tax-Break Deal
In the final days of 2017, Malcolm and Emily Fairbairn thought they had everything ready to cushion the income-tax hit from more than $200 million in hedge-fund income. They prepared a large charitable donation, using their relationship with Fidelity Investments and a booming energy stock to maximize their tax deduction. It didn’t go as they …
The Vue apartments break ground near Virginia Tech’s Corporate Research Center
BLACKSBURG, Va. (WDBJ) – Investors broke ground Wednesday at the future site of the Vue, a new professional housing community. The Vue will be in walking distance of Virginia Tech Corporate Research Center (CRC). The site will have up to 207 units with a mix of one- to three-bedroom apartments for young professionals, graduate students …
StrikeForce Technologies Hires Spencer Clarke LLC to Provide Corporate Finance Services OTC Markets:SFOR
EDISON, N.J., Oct. 21, 2020 (GLOBE NEWSWIRE) — StrikeForce Technologies, Inc. (OTC PINK: SFOR), announces the hiring of New York based speciality boutique investment bank, Spencer Clarke LLC, to provide corporate finance services. “We are extremely excited to work with Reid Drescher from Spencer Clarke LLC,” says Mark L. Kay, CEO of StrikeForce, “he has great …
Justice Department Files Antitrust Lawsuit Against Google
The Justice Department filed an antitrust lawsuit Tuesday alleging that Google engaged in anticompetitive conduct to preserve monopolies in search and search advertising that form the cornerstones of its vast conglomerate. The long-anticipated case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company’s dominance in the tech …
Intel Enters Deal to Sell NAND Memory Unit to SK Hynix
Intel Corp. INTC 0.78% has reached a deal to sell its flash-memory manufacturing business to South Korea’s SK Hynix Inc. 000660 -2.08% for about $9 billion, in a move that would reorient the semiconductor giant away from an area of historical importance that has become increasingly challenged. The Intel unit makes NAND flash memory products …
U.S. Stocks Open Higher as Bank Earnings Reports Roll In
U.S. stocks rose Wednesday as another round of earnings reports from major banks and blue-chip companies began trickling in. The Dow Jones Industrial Average added 39 points, or 0.1%, shortly after the opening bell. The S&P 500 climbed 0.1% and the Nasdaq Composite also rose 0.1%. Shares of Bank of America fell 1.7% after it …
‘Too Complex to Break Up’ Is the New ‘Too Big to Fail’
Days before, Facebook Inc. produced its own document contending that breaking it up would be a “nonstarter” for a number of reasons, including that the company’s constituent parts are already too complicated and interconnected for any of them—Instagram, WhatsApp, its ad business—to be spun off as individual companies or walled off as separate divisions. “After …
Apple’s 5G iPhone launch has investors hoping for ‘unprecedented upgrade cycle’
Apple Inc. has pulled off product virtual launches during the COVID-19 crisis, and now the company is gearing up for the most important one yet. The smartphone giant scheduled an online event for Oct. 13, which should bring the launch of the company’s first 5G-enabled iPhones. Apple AAPL, +0.92%’s new phones will be rolling out …
Trading Technologies Is for Sale
Text size A board that ordinarily shows prices at the Tokyo Stock Exchange was empty on Oct. 1 as a technical problem forced the exchange to suspend trading. Yuichi Yamazaki/Getty Images Trading Technologies International, a provider of cloud-based trading software, is up for sale, according to four banking and private-equity executives familiar with the matter. …
House Panel Says Big Tech Wields Monopoly Power
WASHINGTON—America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. Republicans issued a separate response endorsing strong antitrust enforcement targeting the companies but didn’t endorse …
Ex-Obama health adviser calls Trump comments on coronavirus response ‘incoherent’