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GE Takes $6 Billion Hit On Its Insurance Portfolio, CNBC Says Breakup Could Come In The Spring
Tuesday, January 16, 2018 - 12:06pm | 419Read More...General Electric Company (NYSE: GE) said Tuesday it will take a $6 billion charge on its insurance portfolio. A few hours later, reports surfaced the company is now considering a breakup. What You Need To Know Sources close to GE told CNBC's David Faber that a split of the company is likely...
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Cramer: John Malone Made The Stronger Bullish Case For Netflix And Amazon
Monday, November 27, 2017 - 10:01am | 422Read More...CNBC's David Faber earlier this month interviewed media tycoon John Malone, which "rocked" Jim Cramer's "whole investment world." What You Need To Know Malone likened Amazon.com, Inc. (NASDAQ: AMZN)'s business model to that of a "death star" that's...
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Liberty Media's John Malone: Amazon Could Overtake Netflix
Thursday, November 16, 2017 - 2:41pm | 405Read More...Amazon.com, Inc. (NASDAQ: AMZN) is a "death star" capable of dominating any industry," according to one media titan. The Expert Liberty Media Corporation - Series A Liberty Formula One (NASDAQ: FWONA)'s chairman and media tycoon John Malone. The Thesis Amazon's end...
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The Latest On Nelson Peltz And The Procter & Gamble Board Seat
Thursday, November 16, 2017 - 9:05am | 408Read More...Nelson Peltz initially lost a proxy campaign against Procter & Gamble Co (NYSE: PG), but a recount found he may have actually won by a slim margin. What You Need To Know Procter & Gamble's shareholders voted in October not to nominate Peltz to the company's board after a hotly...
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The Fox And The Hound: 21st Century Held M&A Talks With Disney
Monday, November 6, 2017 - 3:20pm | 372Read More...Walt Disney Co (NYSE: DIS) has recently engaged in on-and-off talks to buy a majority of Twenty-First Century Fox Inc (NASDAQ: FOXA), CNBC reported Monday. Through the deal, Disney would acquire Fox’s studio and TV production assets, which would bolster distribution capacity as it builds out...
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What's Up With Sprint And T-Mobile?
Tuesday, September 19, 2017 - 12:20pm | 355Read More...Shares of Sprint Corp (NYSE: S) rose more than 7 percent Tuesday morning while shares of T-Mobile US Inc (NASDAQ: TMUS) gained 5 percent after CNBC's David Faber reported the two mobile companies are in active merger talks. Sprint along with its parent company Softbank and T-Mobile and its parent...
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Qualcomm's CEO Acknowledges Business Model Is 'Easy To Attack'
Monday, July 31, 2017 - 4:25pm | 522Read More...QUALCOMM, Inc. (NASDAQ: QCOM)'s dispute with Apple Inc. (NASDAQ: AAPL) boils down to one fact: Qualcomm's business model is so "unique" to the point where it is "easy to attack," the company's CEO Steve Mollenkopf explained during an interview with CNBC's David Faber. Qualcomm's business consists...
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AT&T CEO Dismisses Reports Of Leadership Change Following Proposed Time Warner Merger
Friday, July 14, 2017 - 12:10pm | 459Read More...AT&T Inc. (NYSE: T)'s proposed acquisition of Time Warner Inc (NYSE: TWX) could result in Randal Stephenson losing his CEO title, Bloomberg reported. As part of AT&T's $85.4 billion acquisition of Time Warner, Stephenson will see a new role and oversee a pair of CEOs who will each...
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CNBC's 'Squawk On The Street' Crew Discusses The Reported Verizon-Charter Combination
Thursday, January 26, 2017 - 12:57pm | 419Read More...Shares of Charter Communications, Inc. (NASDAQ: CHTR) were trading higher by around 5 percent Thursday morning following reports that the company is in talks with Verizon Communications Inc. (NYSE: VZ) over a business combination. CNBC's Jim Cramer offered his take on a potential deal during...
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The Timeline Of A Contentious History: Abbott And Alere
Wednesday, January 25, 2017 - 4:41pm | 479Read More...The honeymoon phase was short lived in the ongoing affair between Alere Inc (NYSE: ALR) and Abbott Laboratories (NYSE: ABT). About three months after the initial announcement of their merger deal, the bickering began. Here is the long and complicated tale of two pharmaceutical companies: On...
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Trump Effect Or Counter To Alibaba? Amazon To Create 100,000 New Full-Time Jobs
Thursday, January 12, 2017 - 12:20pm | 388Read More...Amazon.com, Inc. (NASDAQ: AMZN) announced on Thursday it will be creating 100,000 new full-time jobs in the United States over the next 18 months. According to a Bloomberg report, Amazon will be hiring people across the country with various levels of skills, experience and education. Among the...
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Jim Cramer Finds Fault In Twitter's Q3, But It's 'Not The Disaster Some People Expected'
Thursday, October 27, 2016 - 11:21am | 277Read More...Investors typically prepare themselves for the worst, but expect the best when it comes to Twitter Inc's (NYSE: TWTR) earnings reports. On Thursday, the social media company surprised many investors when its earnings report was higher than expected and its monthly active user base rose from...
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T-Mobile's CEO Couldn't Be More Excited About The AT&T-Time Warner Deal
Monday, October 24, 2016 - 2:34pm | 384Read More...T-Mobile US Inc (NASDAQ: TMUS)'s CEO John Legere couldn't be more excited over AT&T Inc. (NYSE: T)'s proposed merger with Time Warner Inc (NYSE: TWX). "I find this highly exciting from a T-Mobile stand point," he told CNBC's David Faber on Monday. "First of all they already donate 50 percent of...
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Selling The Rumors? Twitter Has Now Lost Almost All Of Its M&A Talk Gains
Thursday, October 6, 2016 - 11:54am | 498Read More...Shares of Twitter Inc (NYSE: TWTR) fell more than 18 percent Thursday as investors piled into the stock over the past two weeks on hopes it will be bought at for a premium. Twitter's M&A saga began on September 23 and Twitter investors woke up to another Wall Street analyst turning...
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Sell-Side Sentiment On Twitter Following Buyout Chatter Has Not Been Positive
Thursday, September 29, 2016 - 9:49am | 834Read More...It has now been almost a full week since CNBC's David Faber reported that Twitter Inc (NYSE: TWTR) is engaged in discussions with potential acquirers over a sale of itself. The initial report last Friday singled out salesforce.com, inc. (NYSE: CRM) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) as...
















