Yearly Archives: 2021

Virgin Galactic Plans to Sell $500M in Stock; Shares Fall 17%

Virgin Galactic Holdings (SPCE) is looking to sell up to $500 million worth of common stock. The company has engaged the services of Credit Suisse Securities (CS), Morgan Stanley (MS), and Goldman Sachs (GS) as part of a capital raising drive. The three will act as the company’s agents in the sale. SPCE stock price plunged 17.30% to close at $40.69 yesterday. The agents are entitled to commission at a mutually agreed rate that will not exceed 2% of the gross sales price. (See Virgin… Source link

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Bitcoin’s Range Play Likely to End With Bullish Breakout: Analyst

An analyst who predicted the bitcoin mid-May price slide says the cryptocurrency’s current range play is likely to be resolved on the higher side. “The consolidation phase itself is neutral, but we think a breakout is more likely than a breakdown,” Katie Stockton, founder and managing partner of Fairlead Strategies, said in a research note published on Monday. “Intermediate-term momentum has been improving based on the MACD histogram.” Bitcoin has been trading between $30,000 and… Source link

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Orbsat Expands Global E-Commerce Presence to 190 Countries with Launch on Alibaba.com, the World’s Largest Business-to-Business E-Commerce Platform

The Company’s Global Telesat Communications Unit Approved as an Alibaba Gold Supplier as it Expands Global Sales Activities AVENTURA, FL / ACCESSWIRE / July 13, 2021 / Orbsat Corp (NASDAQ:OSAT)(NASDAQ:OSATW) (“Orbsat” or “the Company”), a global provider of IoT and connectivity solutions through next-generation satellite technology, today announced that its Global Telesat Communications (GTC) unit has entered into an agreement with Alibaba.com, the B2B (Business-to-Business) e-commerce… Source link

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The market has an earnings problem: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, July 13, 2021 Huge earnings today don’t equal huge returns tomorrow The second quarter earnings season unofficially kicks off this morning, with Goldman Sachs (GS), JP Morgan (JPM), and PepsiCo (PEP) among the first companies out of the gate.  And as we’ve chronicled over the last few weeks here at the Morning Brief, expectations have… Source link

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Google Meet Chops Off Calls After 60 Minutes On Free Accounts

Wave goodbye to long group meetings on Google Meet getty Google has started to reimpose time limits on Google Meet calls for those who don’t pay for the service. During the height of the pandemic, Google (and others) waived the time limits on free accounts so that businesses could continue to function remotely and friends and family could keep in touch. That period of grace has now come to an end after a couple of extensions, with Google now reimposing limits of 60 minutes per… Source link

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Google Fined $593 Million in France Over Treatment of News Publishers

PARIS—France’s Competition Authority fined Google $593 million for allegedly violating orders to negotiate paid deals with news publishers, raising pressure on the company in a global fight over how and whether tech companies should pay for news. The French regulator said that Google had violated its April 2020 orders that the Alphabet Inc. GOOG 0.76% company must negotiate with publishers for the right to show snippets of their content… Source link

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France fines Google 500 mln euros over copyright row

PARIS, July 13 (Reuters) – France’s antitrust watchdog slapped a 500 million euro ($593 million) fine on Alphabet’s Google (GOOGL.O) on Tuesday for failing to comply fully with temporary orders it had given in a row with the country’s news publishers. The U.S. tech giant must within the next two months come up with proposals on how it would compensate news agencies and other publishers for the use of their news. If it does not do that, it would face additional fines of up to 900,000 euros per… Source link

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UPDATE 2-Nokia plans to raise full-year outlook, citing strong quarter

(Adds shares, analyst comment)    STOCKHOLM, July 13 (Reuters) – Finland’s Nokia said on Tuesday it planned to raise its full-year outlook as business picked up pace in the second quarter, sending the telecom equipment maker’s shares up more than 6%.    The company, which will provide the new outlook on July 29 while reporting second-quarter results, had earlier projected 2021 net sales of 20.6 billion to 21.8 billion euros ($24.4-$25.85 billion).    Nokia had been struggling against… Source link

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Google to buy Japan payments firm Pring

The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau TOKYO, July 13 (Reuters) – Alphabet’s Google (GOOGL.O) has agreed to buy payments business Pring from backers including fintech firm Metaps Inc (6172.T) as the U.S. tech giant pushes into Japan’s rapidly growing market for cashless services. The startup’s three top shareholders – Metaps, software company Miroku Jyoho Service Co Ltd… Source link

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