14 December, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Unicorn down? Gilt Groupe reportedly talks $250M sale to Hudson’s Bay
The Wall Street Journal: Unicorn down? Gilt Groupe reportedly talks $250M sale to Hudson’s Bay
The Hudson’s Bay Co., which owns Saks Fifth Avenue, is near a deal to buy online luxury retailer Gilt Groupe for about $250 million, according to people familiar with the matter.
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14 December, 2015 by The TZ Newswire Staff Comments Off on The Industrial Internet, Simplified
The Industrial Internet, Simplified
Adding sensors, software, and analytics to industrial equipment and processes is forever changing how many industries work.
14 December, 2015 by The TZ Newswire Staff Comments Off on GoPro Inc. Drops and Mattel Inc. Jumps as Stocks Rebound
GoPro Inc. Drops and Mattel Inc. Jumps as Stocks Rebound
Wall Street upgrades and downgrades drove big individual stock price moves as indexes recovered from a near-1% loss today.
14 December, 2015 by The TZ Newswire Staff Comments Off on U.S. oil rises, reversing course after nearing 11-year lows
U.S. oil rises, reversing course after nearing 11-year lows
U.S. crude rose nearly 2 percent Monday, recovering slightly after moving within a hair of 11-year lows, but analysts and traders said it is still too early to declare the market has reached its bottom. Both U.S. and global benchmark Brent crude have been tumbling downward since an OPEC meeting Dec. 4 at which the oil-producing countries removed their production ceiling, exacerbating global crude oversupply. Early in the day, both Brent and U.S.
14 December, 2015 by The TZ Newswire Staff Comments Off on Newell Rubbermaid to buy Jarden to create consumer durables giant
Newell Rubbermaid to buy Jarden to create consumer durables giant
Reuters reported in October that Wal-Mart, which provides nearly 13 percent of Newell Rubbermaid’s revenue, was asking suppliers to cut prices. Based on 220.35 million Jarden shares outstanding as of Oct. 30, the deal has a value of $13.22 billion. The combined company, to be called Newell Brands, will have annual sales of $16 billion.
14 December, 2015 by The TZ Newswire Staff Comments Off on General Electric valuation hits lofty levels after stock surge
General Electric valuation hits lofty levels after stock surge
General Electric Co (GE.N) shares are trading at their highest valuation in more than a decade, reversing discounts to other industrial rivals and adding pressure on the U.S. conglomerate to show it can drive profits in line with its newfound market premium. After a big run this year, GE shares sit at 20 times forward 12-months earnings projections, their highest level since 2005, according to Thomson Reuters data.
14 December, 2015 by The TZ Newswire Staff Comments Off on Boeing boosts share buyback to $14 billion, hikes dividend
Boeing boosts share buyback to $14 billion, hikes dividend
Boeing’s shares rose 1.2 percent to $144.75 in after market trade on Monday, more than recovering their losses in regular trading. The talk of a possible slowdown came as Boeing posted narrower losses on its 787 Dreamliner and voiced confidence in that plane’s ability to generate cash and fill the gap. Boeing is banking on the 787, its newest jet in production, to begin generating cash flow in the current quarter.