Markets

Progress Software Unveils New Anomaly Detection
Markets / Stocks

Progress Software Unveils New Anomaly Detection

Progress Software (PRGS), an application development technology company, revealed early Tuesday a new Progress DataRPM self-service anomaly detection and prediction product for the industrial Internet of Things market. Amazon’s (AMZN) Web Services on which it is hosted will also offer free trials of Progress DataRPM cloud instances for qualified manufacturers with connected sensors and the ensuing time series data, Progress […]

Petrobras ADRs Slump 14% As Brazil Offers New Fuel Subsidies
Markets / Stocks

Petrobras ADRs Slump 14% As Brazil Offers New Fuel Subsidies

ADRs of Petrobras (PBR) were slumping 14% pre-market Tuesday after Brazil’s government began providing new fuel subsidies and tweaked the oil major’s pricing policy in an effort to end a truckers’ strike in the country. President Michel Temer unveiled an agreement on Sunday under which domestic diesel prices would be decreased about 13% from prices at the pump and remain […]

MRC Global, Lenders Agree to Trim Interest Rate for Senior Secured Term Loan
Markets / Stocks

MRC Global, Lenders Agree to Trim Interest Rate for Senior Secured Term Loan

MRC Global (MRC) Friday said the lenders for its senior secured term loan B have agreed to reduce the interest rate margin for the basic credit facility by 50 basis points, or 20%, to 200 basis points. The banks also agreed to trim the margin on its LIBOR-calculated loans by 50 basis points to 300 basis points while also halving […]

Alibaba Group Sells Healthcare Assets to Hong Kong Unit for $1.4 Bln
Business News / Markets

Alibaba Group Sells Healthcare Assets to Hong Kong Unit for $1.4 Bln

Alibaba Group Holding (BABA) said pre-market Tuesday it has decided to sell certain Tmall Pharmacy healthcare businesses to Hong Kong-listed Alibaba Health Information Technology Ltd. for HKD10.6 billion ($1.4 billion). The businesses transferring to Alibaba Health include medical devices and healthcare products, adult products and medical and healthcare services. The e-commerce giant also said it would raise its equity ownership […]

Verint Systems Reportedly in Talks to Acquire Israeli Cyber-Surveillance Firm NSO Group for $1 Bln
Markets / Stocks

Verint Systems Reportedly in Talks to Acquire Israeli Cyber-Surveillance Firm NSO Group for $1 Bln

Verint Systems (VRNT) is in talks to acquire the Israeli cyber-surveillance software maker NSO Group at a value of about $1 billion, the Times of Israel reported, citing a source familiar with the matter. As earlier reported by the Wall Street Journal, the New York-based analytics company offered to pay Francisco Partners with stock and assumed debt as part of […]

Myriad Genetics to Acquire Genetic Testing Startup Counsyl for $375 Mln
Business News / Markets

Myriad Genetics to Acquire Genetic Testing Startup Counsyl for $375 Mln

Myriad Genetics (MYGN), a molecular diagnostic company, said Monday it has signed a definitive agreement to acquire genetic testing startup Counsyl for $375 million in a cash-and-stock transaction. Counsyl provides carrier screening and non-invasive pre-natal screening services. The business has generated more than $134 million in revenue during the last 12 months. Under the deal, Counsyl shareholders may receive up […]

MKM Cuts Granite Construction Price Target to $74
Markets / Stocks

MKM Cuts Granite Construction Price Target to $74

MKM Partners has cut its price target on Granite Construction (GVA) to $74 from $82 while retaining its buy rating, expecting legislative overhang around SB-1 repeal in California to weigh on the shares. Still, MKM analyst Daniel Scott said in a note that he expects margins to turn by the end of the year and the SB-1 issue to be […]