Check out the companies making headlines in premarket trading. Brighthouse Financial — Shares soared 23% after the Financial Times reported that Aquarian Holdings is in advanced talks to buy the North Carolina-based life insurer and take it private. Amazon — The e-commerce company and web services provider beat earnings expectations, boosting its stock 12%. Amazon…
Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S. Andrew Harrer | Bloomberg | Getty Images Sinclair, one of the largest broadcast station owners in the U.S., is launching a strategic review of its broadcast business that could result in a merger, the company said Monday. The company and its…
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker’s stock jumped more than 4% after Business Insider reported that Tesla’s robotaxi service will debut in San Francisco as soon as this weekend. Even with the move, Tesla shares are down nearly 3% week to date. Charter Communications — The…
Check out the companies making headlines before the bell: Intel — Shares of the chipmaker dropped more than 7% after Intel said it will cut 15% of its workforce and slashed plans for chip factory construction in an attempt to revitalize its artificial intelligence strategy. Intel topped second-quarter revenue results, posting $12.86 billion in revenue,…
Check out the companies making headlines before the bell. Charter Communications — The cable stock rose 7% after Charter agreed to merge with rival Cox Communications . The combined company will change its name to Cox Communications within a year. Constellation Brands — Shares popped 3.4% after Berkshire Hathaway disclosed doubled its stake in the…
Sopa Images | Lightrocket | Getty Images Charter Communications and Cox Communications, two of the largest cable companies in the U.S., have agreed to merge. The deal would be one of the largest in the industry – and across corporate America – in the last year. The agreement values Cox at $34.5 billion on an…
Comcast surpassed first-quarter expectations on Thursday even as the company lost broadband customers amid heightened competition. While domestic broadband revenue was up 1.7% to $6.56 billion, Comcast lost 199,000 total domestic broadband customers, reflecting the continued pressure on the cable giant’s cornerstone business. Competition has ramped up in recent years due to the rise of…
Members of the Los Angeles Dodgers celebrate on the field after winning Game 5 to win the 2024 World Series presented by Capital One between the Los Angeles Dodgers and the New York Yankees at Yankee Stadium on Oct. 30, 2024. Mike Lawrence | Major League Baseball | Getty Images As Major League Baseball’s spring…
Igor Golovniov | Lightrocket | Getty Images Cable giant Comcast is looking to the wireless business for growth. Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers during the fourth quarter. Broadband has long been the growth engine of the cable…
