NEW YORK (AP) — Comcast is buying DreamWorks Animation, the film company behind the “Shrek,” ”Madagascar” and “Kung Fu Panda” franchises, for approximately $3.55 billion, strengthening its presence in the important and growing business of children’s entertainment. DreamWorks stockholders will receive $41 for each share they own. That’s a 24 percent premium to the company’s […]
http://www.usatoday.com/story/money/2016/04/11/canadian-pacific-railway-norfolk-southern/82884876/ by Nathan Bomey Canadian Pacific Railway’s bid to acquire fellow rail giant Norfolk Southern came to an abrupt end Monday following months of contentious back-and-forth squabbling and heightened scrutiny from the Obama administration on anti-trust issues. Canadian Pacific said in a statement that it would no longer pursue the takeover, which it had proposed publicly […]
by Alex Sherman http://www.bloomberg.com/news/articles/2016-03-30/deal-of-the-week-from-banker-to-teacher-to-something-in-between Scott Rostan used to be a mergers & acquisitions banker for Merrill Lynch. Then he was a high school teacher. He eventually found a happy medium training bankers and business school students how to do their jobs. He founded Training The Street in 1999, signing up bulge-bracket banks and universities as […]
By Michele Chandler http://www.investors.com/news/technology/list-of-yahoo-suitors-gets-longer-stock-up-on-price-target-boost/ Yahoo (YHOO) stock climbed for the fifth straight trading day on Tuesday amid chatter that China e-commerce giant Alibaba Group (BABA) might buy back the valuable stake Yahoo now holds in it, according to a media report. Rumors that Alibaba might buy back its stake from Yahoo have emerged before, although […]
By Michele Chandler http://www.investors.com/news/technology/list-of-yahoo-suitors-gets-longer-stock-up-on-price-target-boost/ A takeout seems inevitable for troubled Web portal Yahoo (YHOO), which is seeing its core business continue to weaken, according to a report on Monday by Mizuho. The Japanese bank handed Yahoo a price-target boost in anticipation of an acquisition, and Yahoo stock rose. Mizuho raised its price target on Yahoo […]
BY LUKE VILLAPAZ If you ask Wall Street, Yahoo Inc. is virtually worthless. But as the ailing web portal puts itself up for sale, at least seven major companies are vying to buy it, possibly for as much as $4 billion. Why? Deep in its garage-sale pile of unprofitable investments and slow-growth content properties, Yahoo has […]
Stocks (^DJI, ^GSPC, ^IXIC) are trading higher as Wall Street focuses on congressional testimony from Fed Chair Janet Yellen and a surprise drop in U.S. oil (OIL) inventories. Keith Bliss of Cuttone & Co. joins us live from the floor of the New York Stock Exchange to discuss the markets. To talk about some of […]
Training The Street’s president & founder, Scott Rostan discusses how the regulatory environment in banking for both U.S. and Europe has changed recently.