Symantec (SYMC) Ratings Placed on CreditWatch Negative by S&P
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Major indexes hit records as post-election rally goes on
November 21, 2016 7:20 AM ESTBy Caroline Valetkevitch
NEW YORK (Reuters) - All three major U.S. stock indexes set record closing highs on Monday, extending their post-election rally as energy and other commodity-related shares gained and Facebook led a jump in technology.
Small caps added to recent gains as well, pushing the Russell 2000 index to a record high close. The session marked the first time all four indexes hit closing records on the same day since Dec. 31, 1999.
Stocks have mostly rallied since the Nov. 8 U.S. election, with investors snapping up shares of banks, health care and other companies expected... More
Symantec (SYMC) to Acquire LifeLock (LOCK) for $2.3B
November 20, 2016 10:07 PM ESTSymantec Corp. (NASDAQ: SYMC) and LifeLock, Inc. (NYSE: LOCK) today announced that they have entered into a definitive agreement for Symantec to acquire LifeLock for $24 per share or $2.3 billion in enterprise value. The deal, which was approved by the boards of directors of both companies, is expected to close in the first calendar quarter of 2017, subject to customary closing conditions including LifeLock stockholder approval.
In the last year, one third of American citizens and over 650 million people globally were the victims of cybercrime. Consequently, more and more... More
