Dell Technologies’ return to the public market comes at a good time for the company and for prospective shareholders, CNBC’s Jim Cramer said Tuesday as the rest of the stock market fell on macroeconomic worries. “The new Dell Technologies has a lot going for it,” Cramer said, highlighting its move beyond the personal computer. “Now,
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David Paul Morris | Bloomberg | Getty Images Mark Hurd, co-chief executive officer of Oracle Corp., speaks during the Oracle OpenWorld 2018 conference in San Francisco, California, U.S., on Tuesday, Oct. 23, 2018. The U.S. Labor Department accused Oracle of wage discrimination practices that cost female and minority employees $400 million, according to a new
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Activist hedge fund Elliott Management thinks Walmart, Google or several private equity firms would be interested in acquiring eBay‘s marketplace business if it sheds StubHub and eBay Classifieds Group, according to a person familiar with the matter. Elliott disclosed it owns more than 4 percent of eBay in a letter Tuesday, which also outlined recommendations
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In Davos, Stephen Schwarzman, the billionaire CEO of private equity giant Blackstone and Republican megadonor, said sarcastically that he is “wildly enthusiastic” about the lawmaker’s proposed tax hike. He added that “the U.S. is the second most progressive tax regime in the world,” meaning that tax rates climb along with higher incomes. The remarks at
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The company is divided in three main business units: pharmaceuticals, medical devices and consumer products. Prescription drug sales accounted for half of the $81.58 billion in revenue J&J generated in 2018. Pharmaceutical sales continued to shine for J&J in the quarter. Sales reached $10.19 billion, surpassing the $9.99 billion analysts had expected. Anti-inflammatory treatment Stelara
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Sometimes, no movement is good movement. In the case of the government shutdown, money manager Larry Glazer believes it’s favorable for Wall Street — at least in the short term. His reasoning: It prevents lawmakers from passing policies that could be detrimental to corporate America. “Investors like less Washington, and they realize Washington isn’t always
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Al-Benyan isn’t the only CEO with a long-term China vision in mind. Mark Machin, president and chief executive of Canada’s Pension Plan Investment Board (CPPIB), sees the country’s potential to diversify his portfolio as outweighing any shorter-term economic setbacks. “China is today the second-largest economy in the world, the second-largest equity market in the world,
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Jeffrey Gundlach is ditching Twitter. The founder of DoubleLine Capital said in a tweet late on Sunday he would be deleting his account “due to suspicious activity.” The tweet did not elaborate on the suspicious activity Gundlach was referring to. Gundlach’s account, which has the handle “@TruthGundlach,” has been online since May 2017. Gundlach has
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In all corners of the world, if you’re looking to do an internet search, chances are high that Google is your go-to. The company has cornered the search market, capturing roughly 90% of the global market share. But Google’s domination hasn’t extended everywhere, and Russia is one of the few countries where it lags behind.
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The pan-European Stoxx 600 index sank around 0.3 percent, with most sectors and major bourses in the red. Market players monitored news of slowing growth in the world’s second-largest economy. Official data published Monday said China’s gross domestic product (GDP) in 2018 grew 6.6 percent from the previous year, in line with analyst expectations but
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In response to inquiries from CNBC, a representative from Huawei sent a statement attributed to board member Chen Lifang: Huawei is very concerned about misunderstandings which continue to linger despite our best efforts in recent years to be more open, transparent and accountable. In the past year there have also been false allegations, fake news
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MarketInvoice Market Invoice co-founders Ilya Kondrashov, left, and Anil Stocker, right. British lending start-up MarketInvoice said Monday that it secured £56 million ($72 million) in a mix of equity and debt funding from investors. The London-based financial technology firm lets small-to-medium enterprises sell their unpaid invoices through an online platform to gain access to working
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Winnie Byanyima, executive director of Oxfam International, said those in authority needed to reevaluate their systems in order to address poverty and tackle inequality. “Governments must now deliver real change by ensuring corporations and wealthy individuals pay their fair share of tax and investing this money in free healthcare and education that meets the needs
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Ghosn’s latest bail hearing comes exactly two months after he was detained by Japanese authorities who were investigating allegations Ghosn and another Nissan executive, Greg Kelly, did not disclose the full amount of Ghosn’s compensation over several years. Last week, a judge in Tokyo denied Ghosn’s request for bail, clearing the way for him to
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President Donald Trump and his cabinet are skipping out on Davos this week, but he’ll still be the biggest presence at the annual gathering of the world’s richest and most powerful people. Whether it’s the U.S.-China trade dispute, Trump’s reported wish to withdraw from NATO, or the government shutdown threatening the world’s biggest economy, it’ll
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