West Virginia Online PowerBroker West Virginia Online PowerBroker
HOME SECTIONS SEARCH NEWS FINANCE MY ACCOUNT ABOUT
Tue, October 17 // 3:56AM est. Good Morning! Login New Shopper? Start Here New Business? Start Here
West Virginia Online PowerBroker



Finance

Market SummaryGet QuoteMortgage Rates


 
Financial News


Huge Uber-Softbank deal could come within days, Huffington saysExternal Link

Softbank Group Corp.'s long-rumored multi-billion-dollar investment in Uber Technologies Inc. could be finalized within the next week, Uber board member Arianna Huffington said Monday night. Speaking at the WSJ D.Live conference in Laguna Beach, Calif., Huffington said the Japanese conglomerate is seeking a 14% to 20% stake in the San Francisco-based ride-hailing giant. She said Uber was still waiting for the right price, though she did not disclose any numbers. Separately, Recode reported late Monday that Softbank was considering the creation of a second investment fund, possibly even bigger than its current $93 billion Vision Fund.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 17 Oct 2017 03:32:22 GMT
West Virginia Online PowerBroker
LiveXLive seeks to raise up to $123.8 million in IPOExternal Link

LiveXLive Media Inc. plans to raise up to $123.8 million in its initial public offering, according to a Securities and Exchange Commission filing late Monday. The Beverly Hills, Calif.-based live-music video content site said will offer 7.7 million shares at $12 to 14 apiece, with underwriters getting an additional 1.2 million shares to cover overallotments. BMO Capital markets is listed as the sole book-running manager. The company plans to list with the ticker "LXL" on the New York Stock Exchange. LiveXLive reported 2016 revenue of $36.7 million and a net loss of $6.6 million, or $10.5 million to common shareholders.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 16 Oct 2017 21:36:49 GMT
West Virginia Online PowerBroker
Sonic shares fall 3% after same-store sales falter after Hurricane HarveyExternal Link

Shares of Sonic Corp. fell more than 3% late Monday after the fast-food company reported weaker-than-expected same-store sales in the fourth quarter of fiscal 2017, pinning the decline in part to devastation brought on by Hurricane Harvey and marketing failures. Sonic said it earned $20.8 million, or 50 cents a share, compared with $25.4 million, or 53 cents a share, in the same period of last year. Adjusted for one-time items, Sonic earned 45 cents a share, the same as last year's period. Sonic's sales reached $123.6 million, down from $162 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 43 cents a share on sales of $126.1 million. Same-store sales fell 3.3% in the quarter. The analysts surveyed by FactSet had expected a decline of 1.6% for same-store sales.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 16 Oct 2017 21:08:15 GMT
West Virginia Online PowerBroker
Microsoft CEO gets $20 million in total compensationExternal Link

Microsoft Corp. Chief Executive Satya Nadella is getting at $2.3 million raise this year. Nadella's total compensation is valued at $20 million, up from $17.7 million in 2016, according to a filing with the Securities and Exchange Commission Monday. The CEO receives a $1.45 million cash salary, $11.4 million in stock awards, and up to a $7 million cash bonus. Nadella received $18.2 million in total compensation in 2015. Jean-Philippe Courtois, president of global sales, marketing and operations is Microsoft's second highest paid executive with $18.2 million in total compensation, according the the SEC filing. Microsoft stock was flat at $77.65 after hours. Shares in the Redmond, Wash.-based company are up 25% this year, with the S&P 500 index up 14%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 16 Oct 2017 21:03:12 GMT
West Virginia Online PowerBroker
Netflix shares gain after company adds more subscribers than expected in Q3External Link

Netflix Inc. shares popped more than 2.5% after the streaming giant reported earnings for the third quarter in which it added more subscribers than expected. Netflix reported net income of $129.6 million, or 29 cents per share, up from income of $51.5 million, or 12 cents per share during the same quarter a year ago. FactSet's earnings consensus was for 32 cents per share. Revenue for the third quarter was $2.98 billion, up from $2.29 billion a year ago and slightly above FactSet's consensus of $2.97. Netflix continued added 5.3 million subscribers in the quarter, an increase compared with the 3.6 million the company added during the same quarter last year. The company had guided for net additions of 4.4 million and FactSet's subscriber adds consensus was 4.5 million. Shares of Netflix have gained nearly 64% in the year to date, while the S&P 500 index is up more than 14% and the Dow Jones Industrial Average is up close to 16%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 16 Oct 2017 20:34:08 GMT
West Virginia Online PowerBroker


West Virginia Online PowerBroker
In The Spotlight...
River Expeditions
Experience real adventure in the scenic, historic New River Gorge National Park in West Virginia. Discover amazing rafting, rock climbing, mountain biking, ATV touring, horseback riding and more. Let River Expeditions host your trip for memories that last a lifetime. Our affordable vacation packages include lodging, meals, adventures and attractions. Rafting is a must… something the entire family can enjoy together for years to come.



Site Statistics
Memberships 2727
Business Listings 4151
Home | Sections | Search | News | Finance | My Account | Terms and Conditions | Privacy Policy

© 2017 Citynet. All Rights Reserved.