Softbank CEO Masayoshi Son on $24 billion of new losses: “I am quite embarrassed and remorseful.” Str/Jiji Press/AFP/Getty Images Text size The stock market can be a humbling place—just ask Masayoshi Son. The founder and CEO of SoftBank Group (ticker: SFTBY), “Masa” made one of the single-best venture investments of all time, providing a $20 …
The SoftBank Experiment Has Failed. Here’s What Comes Next. Read More »
MARINA DEL REY, Calif., Aug. 11, 2022 /PRNewswire/ — Armata Pharmaceuticals, Inc. (NYSE American: ARMP) (“Armata” or the “Company”), a biotechnology company focused on pathogen-specific bacteriophage therapeutics for antibiotic-resistant and difficult-to-treat bacterial infections, today announced financial results for its second quarter 2022 and provided a corporate update. Second Quarter 2022 and Recent Developments: AP-PA02 …
Elias Stein Text size Enterprise-software stocks have been beleaguered of late. But depressed valuations lure bargain-conscious private-equity buyers. On Wednesday, Ping Identity , which sells identity-security software, announced a deal to be acquired by Thoma Bravo for $28.50 a share, or $2.8 billion. Ping went public at $15 a share in September 2019 and sold …
A Battered Stock, a Bargain Buyout, and the Identity-Software Sector Gets a New Look Read More »
Businesses are reducing office space, scaling back on consulting and opting for cheaper packaging of goods as they look to stay ahead of the downturn. Also, operating expenses at investment-grade nonfinancial companies rose 19.9% to $2.72 trillion during the first quarter from a year earlier, according to data provider S&P Global Market Intelligence. Those U.S. …
Companies Weigh Fresh Cuts as Operating Costs Go Up Read More »
Text size The S&P 500 had its best month since November 2020 in July, gaining 9.1%. Angela Weiss/AFP via Getty Images Stocks are pausing to kick off August trading Monday after a wildly good July. Economic data are in focus. In afternoon trading, the Dow Jones Industrial Average was little changed, while the S&P 500 …
BT’s first national strikes in 35 years, which kick off on Friday morning, are just the latest in a series of headaches to have beset the telecoms company. Amid a backlash over accusations that it set up a “food bank” for cash-strapped staff and the growing threat from a stake-building corporate raider, Philip Jansen’s mission …
Strikes, ‘food banks’, corporate raiders: BT falls from grace after Covid plaudits Read More »
A private investor is seeking $7 million in a lawsuit against short seller Carson Block and his equity research firm Muddy Waters LLC in a dispute over an approximately $14 million whistleblower award by the Securities and Exchange Commission. Kevin Barnes said he worked with Mr. Block on a report on Focus Media Holding Ltd. …
Short Seller Carson Block Sued Over $14 Million Whistleblower Award Read More »
