Motorola Solutions, whose shares were up 6 percent in early trading on Wednesday, also said it planned a $2 billion buyback. The investment is one of the largest ever by Silver Lake, which led a $24.9 billion deal to take Dell Inc private in 2013. The private equity firm will buy $1 billion of convertible senior notes due 2020 with an initial conversion price of $68.50 per share, Motorola Solutions
Motorola Solutions, whose shares were up 6 percent in early trading on Wednesday, also said it planned a $2 billion buyback. The investment is one of the largest ever by Silver Lake, which led a $24.9 billion deal to take Dell Inc private in 2013. The private equity firm will buy $1 billion of convertible senior notes due 2020 with an initial conversion price of $68.50 per share, Motorola Solutions
(Reuters) – Dish Network Corp reported higher-than-expected quarterly revenue and profit as it earned more per pay-TV subscriber and added broadband Internet users. The second-largest U.S. satellite TV company by revenue said on Wednesday that its average revenue per pay-TV user rose to $87.91 in the second quarter from $84.15, a year earlier. Dish has been losing pay-TV subscribers as rivals offer discounts to both new and existing subscribers.
(Reuters) – Dish Network Corp reported higher-than-expected quarterly revenue and profit as it earned more per pay-TV subscriber and added broadband Internet users. The second-largest U.S. satellite TV company by revenue said on Wednesday that its average revenue per pay-TV user rose to $87.91 in the second quarter from $84.15, a year earlier. Dish has been losing pay-TV subscribers as rivals offer discounts to both new and existing subscribers.
Alibaba Group Holding Ltd is hoping a Canadian Olympic gold medallist once tipped to be the next chief executive of Goldman Sachs Group Inc will help them make it big in the United States. Michael Evans, who turns 58 this month, retired from the U.S. investment bank in 2013, having forged a reputation as one of the most prolific deal makers in Alibaba’s native China during a seven year stint
Alibaba Group Holding Ltd is hoping a Canadian Olympic gold medallist once tipped to be the next chief executive of Goldman Sachs Group Inc will help them make it big in the United States. Michael Evans, who turns 58 this month, retired from the U.S. investment bank in 2013, having forged a reputation as one of the most prolific deal makers in Alibaba’s native China during a seven year stint
By Joseph Menn LAS VEGAS (Reuters) – A team of security researchers has demonstrated the ability to hijack standard equipment inside computers, printers and millions of other devices in order to send information out of an office through sound waves. The new makeshift transmitting antenna, dubbed “Funtenna” by lead researcher Ang Cui of Red Balloon Security, adds another potential channel that likewise be would be hard to detect because no
By Joseph Menn LAS VEGAS (Reuters) – A team of security researchers has demonstrated the ability to hijack standard equipment inside computers, printers and millions of other devices in order to send information out of an office through sound waves. The new makeshift transmitting antenna, dubbed “Funtenna” by lead researcher Ang Cui of Red Balloon Security, adds another potential channel that likewise be would be hard to detect because no
Some economists have said a bunch of soft economic data – released in the last few days – could prompt the U.S. Federal Reserve to wait until December to increase interest rates for the first time in nearly a decade. The Fed has said it needs to see a sustained recovery before it raises rates for the first time in nearly a decade. Stock market investors are keeping a close
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