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Zacks News
Why Is General Motors (GM) Stock Soaring Today?
by Ryan McQueeney
Shares of General Motors (GM) opened more than 10% higher on Thursday after the automaker said Japanese tech giant SoftBank (SFTBY) plans to invest $2.25 billion in GM Cruise Holdings, its autonomous vehicle unit.
How Sprint's Failed T-Mobile Merger Could Affect the Tech Industry
by Ryan McQueeney
On today's episode of the Tech Talk Tuesday podcast, Ryan McQueeney discusses the failure of Sprint's attempted merger with T-Mobile and what it might mean for the telecomm industry, as well as the broader tech sector.
Sprint, T-Mobile, & SoftBank Shares Tumble As Merger Deal Collapses
by Ryan McQueeney
The long-awaited merger between Sprint (S) and T-Mobile (TMUS) seems to have fallen apart for good over the weekend, and shares of all parties involved--including Sprint parent SoftBank (SFTBY)--are falling on Monday morning.
Explaining the Messy Drama Going on in Uber's Boardroom
by Madeleine Johnson
Today, Uber's board is voting on sweeping changes, including one that would significantly limit co-founder and ex-CEO Travis Kalanick's power. The directors will also be voting on whether or not to pursue a major stock deal with Japan's SoftBank.
Charter (CHTR) Climbs, SoftBank (SFTBY) Dips On Deal Talk
by Benjamin Rains
As talk surrounding the possibility of a deal between SoftBank Group (SFTBY) and Charter Communications (CHTR) continues to heat up, shares of the two companies moved in opposite directions on Monday.
Fortress (FIG) to Divest Logan Circle Partners, Stock Down
by Zacks Equity Research
Fortress Investment Group LLC (FIG) entered into an agreement to divest its 100% stake in Logan Circle Partners to MetLife, Inc. (MET).
SoftBank Sells 25% ARM Stake to Its $100 Billion Vision Fund
by Joseph Lu
SoftBank Group Corp. (SFTBY), the Japanese telecom giant, is looking to sell a 25% stake in ARM Holdings Plc, the British chip designer, to the company founder???s new investment fund.
Fortress Soars 28% and Into Wednesday's Top 10 Gainers on SoftBank Buyout
by Joseph Lu
Shares of Fortress Investment Group LLC (FIG) are surging on Wednesday. In late-afternoon trading, the stock is up 28.5% to $7.99 per share since the opening of the market, after the definitive merger agreement with SoftBank Group Corp. (SFTBY) was settled on Tuesday, Feb. 14, 2017.
Ford (F) Stock Gaining on Mexico Plant Cancellation, "Vote of Confidence" in Trump
by Ryan McQueeney
Shares of Ford Motor Company (F) jumped more than 2.5% in morning trading Tuesday following the automaker's announcement that it is cancelling plans to build a new manufacturing plant in Mexico and instead will invest $700 million in its home state of Michigan.
SoftBank and Sprint Soaring on Trump-backed Investment Plan
by Ryan McQueeney
Shares of Japanese telecom giant SoftBank (SFTBY) gained more than 5% in morning trading Wednesday after CEO Masayoshi Son promised to invest $50 billion in the United States and create 50,000 new jobs. Shares of Sprint (S), which is 82%-owned by SoftBank, were also up big by midday.
Stock Market News for December 07, 2016
by Zacks Equity Research
Markets ended in positive territory for the second consecutive sessions on Tuesday as Trump induced financials rally continued to have a positive impact on stocks.