• Is Now An Opportune Moment To Examine ANSYS, Inc. (NASDAQ:ANSS)?
    Simply Wall St.

    Is Now An Opportune Moment To Examine ANSYS, Inc. (NASDAQ:ANSS)?

    ANSYS, Inc. (NASDAQ:ANSS) led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks...

  • Fiat Chrysler asks U.S. court to toss out GM racketeering claims: filing
    Reuters

    Fiat Chrysler asks U.S. court to toss out GM racketeering claims: filing

    Fiat Chrysler's motion to dismiss GM's civil racketeering lawsuit was expected. The company has said GM's lawsuit is baseless and aimed at disrupting the Italian-American automaker's proposed merger with France's Peugeot SA .

  • Fiat Chrysler asks U.S. court to toss out GM racketeering claims - filing
    Reuters

    Fiat Chrysler asks U.S. court to toss out GM racketeering claims - filing

    Fiat Chrysler's motion to dismiss GM's civil racketeering lawsuit was expected. The company has said GM's lawsuit is baseless and aimed at disrupting the Italian-American automaker's proposed merger with France's Peugeot SA .

  • Bear of the Day: Dell Technologies (DELL)
    Zacks

    Bear of the Day: Dell Technologies (DELL)

    Bear of the Day: Dell Technologies (DELL)

  • Salesforce Encouraged Employees to Expense Co-CEO Marc Benioff’s Book
    Bloomberg

    Salesforce Encouraged Employees to Expense Co-CEO Marc Benioff’s Book

    (Bloomberg) -- Marc Benioff’s latest book, about the need for a gentler capitalism, became a national bestseller. The company he co-founded, Salesforce.com Inc., helped boost sales by encouraging employees to buy and expense the book published last October.The software maker sent a memo to its 48,000-member workforce last fall offering reimbursement if they purchased Benioff’s latest book, “Trailblazer,” the company said. Salesforce said it considers the book to be “business material.”“Our employees were invited to expense a copy and spread the word,” a Salesforce spokeswoman said in a statement. “‘Trailblazer’ was inspired by our employees, so of course we wanted to get it in their hands, as well as our customers’, partners’ and anyone else wanting to learn how business is the greatest platform for change.”“Trailblazer: The Power of Business as the Greatest Platform for Change” is the fourth book co-written by Benioff. On its website, Salesforce touted it as an “instant” New York Times bestseller. It was No. 1 on the Wall Street Journal’s bestseller list. The billionaire’s books have served to bolster his reputation in the technology industry, especially, “Behind the Cloud,” about building his business applications company.While the exact calculations behind the bestseller lists are shrouded in secrecy, the consensus in the publishing industry, according to the news website Vox, is it takes at least 5,000 books sold in a week to make the New York Times’ list.Proceeds from “Trailblazer” sales were donated to charity, the company said.“Trailblazer” tracks Benioff’s public journey deeper into social and political causes in recent years, including how to leverage his influence as a tech leader on issues he cares about including education and homelessness. In the book, Benioff declares that capitalism is “dead” and must be replaced by a system guided around more than just the interests of shareholders. He also called for higher taxes on the wealthy and more regulation on the tech industry.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Adient (ADNT) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Adient (ADNT) Reports Next Week: Wall Street Expects Earnings Growth

    Adient (ADNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • What Makes S&P Global (SPGI) a Strong Momentum Stock: Buy Now?
    Zacks

    What Makes S&P Global (SPGI) a Strong Momentum Stock: Buy Now?

    Does S&P Global (SPGI) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Tesla Crosses $100B Ahead of Q4 Earnings: ETFs in Focus
    Zacks

    Tesla Crosses $100B Ahead of Q4 Earnings: ETFs in Focus

    Tesla has become the first publicly listed U.S. automaker to cross $100 billion in market valuation ahead of Q4 earnings.

  • Is Brighthouse Financial (BHF) a Great Value Stock Right Now?
    Zacks

    Is Brighthouse Financial (BHF) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys
    Zacks

    The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys

    The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys

  • What Awaits Automatic Data Processing (ADP) in Q2 Earnings?
    Zacks

    What Awaits Automatic Data Processing (ADP) in Q2 Earnings?

    Automatic Data Processing's (ADP) second-quarter fiscal 2020 earnings and revenues are likely to have improved year over year.

  • MGM Resorts Announces Partnership With Las Vegas Raiders
    Zacks

    MGM Resorts Announces Partnership With Las Vegas Raiders

    MGM Resorts (MGM) to provide exclusive fan experiences before and after Raiders home games.

  • Will Mastercard (MA) Q4 Earnings Gain From Higher Spending?
    Zacks

    Will Mastercard (MA) Q4 Earnings Gain From Higher Spending?

    Mastercard's (MA) Q4 earnings are likely to have benefited from higher switched transactions, increase in cross-border volume and gross dollar volume, and gains from acquisitions.

  • Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know

    Salesforce.com (CRM) closed at $183.98 in the latest trading session, marking a +0.67% move from the prior day.

  • Xerox Escalates HP Takeover Fight With Push to Replace Board
    Bloomberg

    Xerox Escalates HP Takeover Fight With Push to Replace Board

    (Bloomberg) -- Xerox Holdings Corp. said it intends to nominate 11 directors to replace the board of HP Inc. after the personal-computer maker refused to engage in takeover talks, according to a statement Thursday.The iconic printer maker hasn’t increased its $22-a-share takeover offer after HP rejected its proposal, which it argues undervalues the company. Instead, Xerox will seek to replace HP’s entire board through a proxy fight to push the merger through.The nominees include former senior executives from dozens of companies including Aetna Inc., United Airlines Holdings Inc. and Novartis AG.“HP shareholders have told us they believe our acquisition proposal will bring tremendous value, which is why we lined up $24 billion in binding financing commitments and a slate of highly qualified director candidates,” said John Visentin, vice chairman and chief executive officer of Xerox.Xerox filed its slate ahead of a Friday deadline for board nominations. The move could potentially be a precursor to Xerox taking its offer directly to shareholders through a tender offer at the current offer price or a premium if HP continues to rebuff its efforts, according to people familiar with the matter. No decision has been made on whether to pursue a tender offer, the price it would be put forth at, or when it would do so, the people said, asking not to be identified because the matter is private.The push to replace the board marks an escalation of the simmering tensions between the two hardware giants that have withered in a world increasingly driven by software. Xerox has argued the tie-up would revive both companies and unlock about $2 billion in synergies.“These nominations are a self-serving tactic by Xerox to advance its proposal, which significantly undervalues HP and creates meaningful risk to the detriment of HP shareholders,” HP said in a statement.HP said that it would review Xerox’s nominees and respond in due course. It also said that it was committed to serving the best interests of all shareholders, and that it had many avenues that it could pursue to create value. Those efforts are not dependent on a combination with Xerox, it said.Activist shareholder Carl Icahn, who owns about 11% of Xerox and has a 4.3% stake in HP, has pushed for the tie-up.HP said Thursday it believed Xerox’s proposal to acquire HP was being driven by Icahn. The billionaire has considerable influence over Xerox because he is its largest shareholder, the role he played in appointing Xerox’s CEO, who was a former consultant to Icahn, and the ties he has to members of the board, including its chairman, who is also the chief executive officer of Icahn Enterprises, HP said.“Due to Mr. Icahn’s ownership position, he would disproportionately benefit from an acquisition of HP by Xerox at a price that undervalues HP,” the company said, adding that his interests were not aligned with those of other HP shareholders.A representative for Icahn wasn't immediately available for comment.HP’s board currently has 12 members. Dion Weisler, the former chief executive officer of the company, has said he would step down at the next annual general meeting, which the company said would reduce the board size to 11. Its last annual meeting was on April 23.HP in November rebuffed an unsolicited, cash-and-stock offer from Xerox, citing concerns about the financial health of its smaller rival, which has experienced declining annual revenue since 2012.HP’s board said it was open to exploring a merger, but believed the offer undervalued the company.Xerox announced Jan. 6 that it had arranged a $24 billion loan with a group of banks to finance the takeover. HP and its advisers had questioned Xerox’s ability to raise the money for the deal.Following the financing announcement, HP said it believed the offer still undervalued the company.Xerox’s director nominees are:Betsy Atkins, CEO of Baja Corp.George Bickerstaff, co-founder and managing director of M.M. Dillon & Co.Carolyn Byrd, CEO of GlobalTech Financial.Jeannie Diefenderfer, who spent 28 years at Verizon.Kim Fennebresque, who was CEO of Cowen Group for nine years.Carol Flaton, who has served as a managing director at AlixPartners.Matthew Hart, who most recently served as president and chief operating officer of Hilton Hotels until the buyout of Hilton by Blackstone in 2007.Fred Hochberg, who was most recently the chairman and president of the Export-Import Bank of the United States during the Obama administration.Jacob Katz, who was chairman of Grant Thornton.Nichelle Maynard-Elliott, who most recently served as executive director of mergers & acquisitions for Praxair Inc.Thomas Sabatino, Jr. who most recently served as executive vice president and general counsel of Aetna Inc.Citigroup Inc. is acting as Xerox’s financial advisor, and King & Spalding LLP is providing legal counsel to Xerox. Willkie Farr & Gallagher LLP is providing legal counsel to Xerox’s independent directors.(Updates with additional company comments starting in paragraph eight)To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew Monks, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Here is Why Growth Investors Should Buy GoDaddy (GDDY) Now
    Zacks

    Here is Why Growth Investors Should Buy GoDaddy (GDDY) Now

    GoDaddy (GDDY) could produce exceptional returns because of its solid growth attributes.

  • Xerox nominates new HP board after buyout rebuffs
    Reuters

    Xerox nominates new HP board after buyout rebuffs

    "HP shareholders have told us they believe our acquisition proposal will bring tremendous value, which is why we lined up $24 billion in binding financing commitments and a slate of highly qualified director candidates," John Visentin, Xerox's CEO, said on Thursday. HP, which has 12 board members, responded to Xerox's decision to nominate candidates by again saying the bid undervalues the company. The company added that the move to nominate members to its board was being "driven" by activist investor Carl Icahn, who has a 4.2% stake in HP and a 10.9% stake in Xerox.

  • The Zacks Analyst Blog Highlights: Tesla, General Motors, Ford, Volkswagen and BMW AG
    Zacks

    The Zacks Analyst Blog Highlights: Tesla, General Motors, Ford, Volkswagen and BMW AG

    The Zacks Analyst Blog Highlights: Tesla, General Motors, Ford, Volkswagen and BMW AG

  • The Zacks Analyst Blog Highlights: Pfizer, Wells Fargo, SAP, salesforce.com and Eli Lilly
    Zacks

    The Zacks Analyst Blog Highlights: Pfizer, Wells Fargo, SAP, salesforce.com and Eli Lilly

    The Zacks Analyst Blog Highlights: Pfizer, Wells Fargo, SAP, salesforce.com and Eli Lilly

  • Zacks Investment Ideas feature highlights: Tesla, Apple, Ford, General Motors and Fiat Chrysler
    Zacks

    Zacks Investment Ideas feature highlights: Tesla, Apple, Ford, General Motors and Fiat Chrysler

    Zacks Investment Ideas feature highlights: Tesla, Apple, Ford, General Motors and Fiat Chrysler

  • GoDaddy, GameStop, Zumiez, Signet Jewelers and lululemon athletica highlighted as Zacks Bull and Bear of the Day
    Zacks

    GoDaddy, GameStop, Zumiez, Signet Jewelers and lululemon athletica highlighted as Zacks Bull and Bear of the Day

    GoDaddy, GameStop, Zumiez, Signet Jewelers and lululemon athletica highlighted as Zacks Bull and Bear of the Day

  • Shell Launches In-Car Fuel Payments Through UConnect Market
    Zacks

    Shell Launches In-Car Fuel Payments Through UConnect Market

    Shell (RDS.A) aims to tap the growing opportunities in the in-car payments space and offer better retail experience to its customers through payments from UConnect Market.

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