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Earnings preview: AT&T, a modern media company in the making

“AT&T Inc. is on its way to becoming a modern media company” writes Sarah Toy for marketwatch.com. In a hint of what’s to come, the company also purchased ad-tech company AppNexus and, according to a recent Recode report, is looking at purchasing the rest of digital video company Otter Media, which AT&T now co-owns with The Chernin Group. On Tuesday, analysts will be looking out for any comments from management about AT&T’s plans to pay off its debt.Earnings: Analysts polled by FactSet expect AT&T to report per-share earnings of 87…

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PayU buys Israeli payment technology firm Zooz

“TEL AVIV (Reuters) – Online payment company PayU, a subsidiary of Naspers , said on Monday it agreed to acquire Israeli payment technology provider Zooz to support its expansion in high-growth markets” writes Midwest Communications Inc for 95kqds.com. Netherlands-headquartered PayU provides online payment services for customers in Asia, Central and Eastern Europe, Latin America, the Middle East and Africa.Zooz and PayU will work together to create a payments infrastructure whose features will include fraud management and smart routing, PayU said. Zooz’s 70 workers will also become part of PayU. Following…

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Apollo to buy LifePoint in latest private equity bet on healthcare

“(Reuters) – Apollo Global Management will buy LifePoint Health in a $5.6 billion deal that will expand its rural U.S. hospitals business, the latest in a series of bets by private equity firms on healthcare” writes Midwest Communications Inc for 95kqds.com. With a record $1 trillion in cash at their disposal, top private equity names have turned to healthcare.Apollo’s deal – its biggest this year – is the latest in a recent surge in public investments by U.S. private equity, the highest since the 2007-08 global financial crisis.Just last month,…

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News Oil 

Exxon expects more oil from Guyana’s offshore block

“The previous estimate was 3.2 billion barrels of oil equivalent, Exxon, the world’s largest publicly traded oil producer, said” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday.Exxon and U.S.-based partner Hess Corp said more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block, which is part of one of the biggest oil discoveries in the world…

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Verint merger talks with Israel’s NSO Group terminated: source

“Hulio and Lavie opposed the proposed Verint deal, while Francisco Partners, which owns 60 percent of NSO, was in favor, Israeli financial news website Calcalist said” writes Midwest Communications Inc for 95kqds.com. TEL AVIV (Reuters) – Talks for U.S. software company Verint Systems to merge its security division with Israeli cyber surveillance firm NSO Group for about $1 billion have ended without a deal being reached, a source close to the negotiations said on Monday. Source: 95kqds.com Share This:

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Tesla shares drop on report that it asked suppliers for refunds

“Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported on Sunday citing a memo” writes Midwest Communications Inc for 95kqds.com. Tesla had about $3.2 billion in cash as of the first quarter ended March 31, after spending about $1 billion in the quarter. Shares in the company fell 4.3 percent to $300.27 in premarket trading on Monday, knocking $2.26 billion off its market capitalization.While Musk has said the company does not need to raise cash this year, several…

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Expanded ProSieben-Discovery streaming venture gets German regulatory OK

“FRANKFURT (Reuters) – Germany’s anti-trust regulator said on Monday it had given its blessing for German broadcaster ProSiebenSat.1 Media SE and U.S. Discovery Inc to expand their joint video streaming platform” writes Midwest Communications Inc for 95kqds.com. The expanded 7TV venture will include content from ProSieben’s Maxdome platform and Discovery’s Eurosport Player. Only by joining forces do European broadcasters have a chance of competing with the U.S. platform giants, industry executives and analysts say.The Federal Cartel Office said that the expanded offering – including Maxdome’s entertainment content and the airing…

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Trump’s ex-aide Manafort due in court over bid to delay trial

“The trial scheduled to start on Wednesday involves 16 counts including bank and tax fraud and failure to file reports of foreign bank and financial accounts” writes Midwest Communications Inc for 95kqds.com. ALEXANDRIA, Va. (Reuters) – A U.S. judge on Monday will weigh President Donald Trump’s former campaign manager Paul Manafort’s bid to delay a criminal trial scheduled to begin this week on more than two dozen financial charges, including bank and tax fraud. Source: 95kqds.com Share This:

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Philippines’ Duterte to keep up ‘relentless and chilling’ drugs war

“Since Duterte came to power, police have killed more than 4,500 people they say were suspected drug pushers who resisted arrest” writes Midwest Communications Inc for 95kqds.com. MANILA (Reuters) – Philippine President Rodrigo Duterte on Monday vowed to sustain the momentum of his bloody war on drugs, telling the nation in an annual address that the fight would be as “relentless and chilling” as during his first two years in power. Source: 95kqds.com Share This:

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