Category: Business News

Symantec in the lead to acquire LifeLock

Symantec Corp is in the lead to acquire LifeLock Inc following an auction for the U.S. identity theft protection services company, people familiar with the matter said on Sunday. The deal would expand Symantec’s...

Apple considering making iPhones in US

An iPhone “Designed in California” and made in the USA? It could happen soon. Apple asked Asian-based manufacturers Foxconn and Pegatron in June to explore the possibility of manufacturing the popular smartphone in the U.S., according...

Wall Street eyes host of Fed speakers

U.S. stock index futures pointed to a lower open on Friday morning as traders eyed a host of Fed speakers. On Thursday, Fed Chair Janet Yellen gave testimony before the Joint Economic Committee of...

Snapchat Parent Starts IPO Process

Snap Inc. has confidentially filed paperwork for an initial public offering that may value the popular messaging platform at as much as $25 billion, a major step toward what would be one of the...

Stocks are losing a big edge over bonds

Big dividends have made some stocks attractive to investors for years. But the rally in Treasury yields is starting to take away the large and lucrative edge of some equities. A quarter of the stocks...

Cisco’s growth grinds to a halt

Cisco Systems, Inc. (NASDAQ:CSCO) is starting to decelerate, and the timing couldn’t be worse. Investors are already jittery about tech stocks because of the election of Donald Trump, and Cisco stock is feeling the...