Market Movers

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 […]

Wall Street Pares Losses as Amazon Climbs But Telecoms Dent S&P

Wall Street Pares Losses as Amazon Climbs But Telecoms Dent S&P

Wall Street reclaimed some of its losses on Tuesday but still ended in the red as the S&P 500’s telecoms and real estate sectors retreated, while Amazon.com (AMZN), briefly hitting a $1 trillion market value, couldn’t keep the Nasdaq above water. Volumes were subdued as investors returned from the Labor Day market holiday on Monday. The Dow Jones Industrial Average […]

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 […]