Finance News

Getty Family to Acquire Carlyle Group’s Share of Getty Images For Cash

Getty Family to Acquire Carlyle Group’s Share of Getty Images For Cash

The Getty family said Tuesday it will acquire Carlyle Group’s (CG) equity stake in Getty Images for cash and an ongoing financial interest in the company. Terms of the deal weren’t disclosed, but Carlyle purchased just over 50% of Getty Images in 2012 for $3.3 billion from Hellman and Friedman. The transaction is expected to close by the end of […]

US Stocks Falter With Dow Sliding Third Straight Day Amid Nike Losses

US Stocks Falter With Dow Sliding Third Straight Day Amid Nike Losses

The Dow Jones Industrial Average ended weaker for a third straight day as losses in Nike (NKE) and Verizon (VZ) weighed on the blue-chip measure, while telecoms and real estate dented the Standard & Poor’s 500. Stocks pared some of their losses on the day as investors returned from the Labor Day long weekend, bringing subdued volumes on the benchmarks […]

Tenable Posts Narrower Q2 Loss Vs Street

Tenable Holdings (TENB) fell more than 2% in Wednesday’s late trading after the company reported financial results for Q2, with a narrower-than-expected loss and revenue that topped analysts’ forecasts; it also provided guidance for Q3 and fiscal 2018 above Street estimates. The cybersecurity solutions provider posted non-GAAP loss of $0.18 per share, compared with the prior-year period’s $0.09 loss per […]

Equities Wilt in US Under Tech Selloff as S&P 500, Nasdaq Push Lower

Equities Wilt in US Under Tech Selloff as S&P 500, Nasdaq Push Lower

Stocks in the US mostly weakened on Wednesday amid a selloff in the information technology sector after the US Department of Justice took aim at social media, expressing concerns that the companies are stifling speech. The tech group was weak from the start as top executives from Twitter (TWTR) and Facebook (FB) appeared before lawmakers to hear their concerns about […]

Global Energy Report: Crude Down in Asia After Storm Concerns Ease

Crude oil prices eased in Asia on Wednesday after Tropical Storm Gordon did not directly hit major energy production sites in the Gulf of Mexico, with traders looking ahead to weekly inventory figures. ICE Brent crude oil futures dropped 0.654% to $77.67 a barrel, while NYMEX WTI fell 0.96% to $69.20 a barrel. Talos Energy, Exxon Mobil and Chevron on […]