Intel (INTC) to Acquire SoC Platform Provider Movidius
- Futures range-bound ahead of long weekend break
- Home Depot agrees to buy SRS Distribution, sees TAM expanding to $1 trillion
- Yen on intervention watch; Asia shares creep higher
- Dollar gains as inflation data looms; yen on intervention watch
- Piper Sandler: Stock rally likely to continue on rising recession risks
- Discover Financial Services (DFS) Announces CEO Resignation
- Timken (TKR) Appoints Tarak Mehta as New CEO
- Crude Inventory Increases 3.2 Million Barrels
- Intuitive Machines (LUNR) Files for $300M Share Offering, 160M Share Offering by Selling Stockholders
- Many senior Amazon employees won't get cash raises this year - Fortune
Intel (INTC), TPG to Form Cybersecurity Joint Venture; TPG to Own Majority of McAfee
September 7, 2016 4:08 PM EDTIntel Corporation (Nasdaq: INTC) and TPG announced a definitive agreement under which the two parties will establish a newly formed, jointly-owned, independent cybersecurity company. The new company will be called McAfee following transaction close. TPG will own 51 percent of McAfee and Intel will own 49 percent in a transaction valuing the business at approximately $4.2 billion. TPG is making a $1.1 billion equity investment to help drive growth and enhance focus as a standalone business.
Through this transaction, TPG, a leading global alternative asset firm with demonstrated expertise in growing profitable software companies and carve-out... More
MGT Capital Investments (MGT) Files Complaint Against Intel (INTC)
September 6, 2016 8:48 AM EDTMGT Capital Investments, Inc. (NYSE: MGT) announced that on September 2nd the Company and John McAfee filed a lawsuit in the United States District Court, Southern District of New York seeking a judgment that the Company's use of "John McAfee Global Technologies, Inc." does not infringe upon any trademark rights of Intel Corporation (NASDAQ: INTC) or breach any agreement between the parties.
By way of abbreviated background, in 1991, Mr. McAfee entered into an asset acquisition agreement with McAfee Associates, L.P., with Mr. McAfee as Managing... More
Intel (INTC): Raising PT On Stronger Than Expected Channel Checks - Baird
September 6, 2016 7:42 AM EDTBaird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Intel (NASDAQ: INTC) on improving demand for Intel's Data Center solutions, channel checks that indicate PC demand is tracking ahead of plan. Additionally, the analyst believes that Intel's 40% market share in the... More
Evercore ISI Upgrades Intel (INTC) to Buy
September 6, 2016 6:47 AM EDTEvercore ISI upgraded Intel (NASDAQ: INTC) from Hold to Buy with a price target of $45.00.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $36.08 yesterday.
... More