BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Call'. (Return)

Yahoo BusinessSep 21, 2020
The Math Doesn't Add Up on TikTok's Deal With Oracle and Walmart
(Bloomberg) -- The TikTok sale saga reached an apparent conclusion over the weekend when President Donald Trump approved a deal. The agreement would allow Oracle Corp. and Walmart Inc. to buy a minority stake in a new joint entity, called TikTok Global. "I have given the deal my blessing," Trump said.But the harmony was short-lived. Just one day after Trump promised "no Chinese involvement," TikTok owner Beijing-based ByteDance Ltd. said it would retain 80% control over the new company.By contrast, Oracle said that ByteDance would eventually relinquish its shares. In a statement to the Wall Street Journal, Oracle Executive Vice President Ken Glueck said that once TikTok Global is created, "Americans will be the majority [shareholders] and ByteDance will have no ownership." It's rare for the parties involved in a major deal to disagree so radically on its contours, analysts say.A key reason for the discrepancy lies in differing views over the eventual distribution of TikTok's shares. One statistic that's been touted by both Oracle and Walmart is that American investors will control more than 50% of the new TikTok Global. At first, that sounds like it's at odds with ByteDance's insistence that the company will get a 80% stake.But U.S. citizens own a substantial chunk of ByteDance itself: American investors, including General Atlantic and Coatue control 40% of the Chinese internet giant, people familiar with the matter have said. That means they will in theory own 40% of ByteDance's TikTok stake, too. Combined

KiplingerSep 21, 2020
Stock Market Today: Bulls Retreat in Face of Growing Political, Health Risks
A host of new concerns dragged the major indices lower to start the week and put the S&P 500 closer to an official correction after weeks of declines.

Supreme Court Justice Ruth Bader Ginsburg passed away late Friday, throwing even more turmoil into 2020's political landscape as elected officials and Americans argue over the process of nominating an RBG replacement who might drastically shift the balance of the Supreme Court.

SEE MORE Hedge Funds' 25 Top Blue-Chip Stocks to Buy Now And across the pond, several European nations are considering new restrictions to fight off what appears to be a second wave of COVID-19 outbreaks, spurring concerns about a similar fate in the U.S.

The S&P 500 dropped 1.2% to 3,281, putting it less than 2% away from correction territory (a decline of 10% or more from a peak) and putting it in danger of absorbing its worst September performance since sliding 11% in 2002.

While most of the major indices finished well off their lows, the Nasdaq Composite rebounded sharply and finished with a much more modest 0.1% decline to 10,778. Apple (AAPL, 3.0%) and Microsoft (MSFT, 1.1%) both finished well in the black.

"Investors should take a binary approach to the market at this point," says Marc Chaikin, founder of Chaikin Analytics, a quantitative investment research firm, based in Philadelphia. "Remain bullish but raise some cash as technology stocks bounce in the near-term. Look for opportunities to redeploy that cash as this short-term pullback plays out over the next 2-4 weeks."

"Buying the d


Wall Street Journal US BusinessSep 21, 2020
TikTok's Zero Hour: Haggling with Trump, Doubts in China and a Deal in Limbo
After months of maneuvering over the future of TikTok, it took last-minute phone calls to persuade President Trump to sign off in principle on the outlines of an agreement to keep the app operating in the U.S. Even that outcome—an M&A deal like no other—remains uncertain.
TRENDING TAGS
StocksDow points fears Sink European
TrumpBiden Supreme Court How NBC
DealTikTok Walmart billion Oracle Microsoft
Stockmarket futures Today Dow Nikola
marketStock Dow futures stocks points
adventReporting GPE Limited Partnership International
NikolaMilton founder Trevor Chairman Resigns
ReportingAdvent Limited Partnership GPE International
PartnershipLimited Reporting Advent GPE International
Dowdown points Stocks Market Nikola

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC