Month: March 2018

SpaceX succeeded in its sixth launch of 2018, putting the fifth batch of Iridium NEXT satellites into orbit using a previously-flown Falcon 9 rocket. Launched Friday from the central coast of California, Elon Musk’s rocket company has now put up 50 Iridium satellites for the next-generation constellation. The space company failed, however, to catch the
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The New York Stock Exchange (NYSE) is in talks to acquire the Chicago Stock Exchange, the Wall Street Journal reported on Friday citing sources. Chinese-led North America Casin Holdings was previously trying to acquire CHX Holdings, the parent company of the Chicago Stock Exchange, but the deal collapsed in February after it was rejected by
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M&A volumes doubled in Europe in the first quarter, while the United States was up 67 percent and Asia was up 11 percent. “The better macro-economic environment in Europe has created greater confidence to get things done. Deals that have been in the works for a long time are now coming to fruition and some
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Japan’s industrial production rebounded in February from a large decline in the previous month and companies forecast further gains in coming months in a sign that factory output is back on the path toward expansion. Factory output rose 4.1 percent in February from the previous month, less than economists’ median estimate of a 5.0 percent
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Bill Simon, former Walmart US CEO, said Congress should look into splitting up Amazon. “They’re not making money in retail, and they’re putting retailers out of business,” Simon told CNBC. He said the e-commerce giant has operated its retail segment at a loss for decades, subsidizing the retail portion of its business with profits from
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Thousands of brick-and-mortar stores are set to close this year, but others will open, just not where you might expect, analysts say. “There are always winners,” said Jan Kniffen, chief executive officer of J. Rogers Kniffen World Wide Enterprises, a retail consulting firm. But, he said, those winners won’t be found in the mall. “If
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Issuance of securities backed by riskier US mortgages roughly doubled in the first quarter from a year earlier, as investors lapped up assets blamed for bringing the global financial system to the brink of collapse a decade ago. Home loans to people with scratches and dents in their credit histories dwindled to almost nothing in
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A different approach to space tourism just got a Silicon Valley boost. CNBC has learned that World View Enterprises, which sends equipment to the edge of space using high-altitude balloons, closed its latest round of venture capital funding with $26.5 million at a valuation of at least $84 million — more than double its last
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Nearly 150 professional investors are “strongly urging” gun makers, retailers and distributors and the companies that finance the gun industry to take action in response to gun violence. The group includes dozens of faith-based organizations and U.S. and European asset management firms, many of them active in promoting social and environmental causes, collectively with $634
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