A telecommunications start-up has raised £255 million ($338 million) from investors including Russian tycoon and soccer club owner Roman Abramovich. London-based Truphone said Tuesday it raised the funds in a rights issue, which is when a business sells new shares. Truphone said it would use the capital to erase all existing debt, expand its mobile
Scott Galloway is one angry guy. He’s a professor at the NYU Stern School of Business, where he teaches brand strategy and digital marketing, and he’s the founder of consulting firm L2. Stern has become a bit of a media star recently on his (accurate) prediction that Amazon should consider buying Whole Foods. You might
Lennar, the No.2 U.S. homebuilder, reported a higher-than-expected quarterly profit on Tuesday as it sold more homes at higher prices. The shares of the company were up 2.7 percent at $54.25 in light premarket trading. Home orders, a key indicator of future revenue, rose 8.4 percent to 7,610 homes in the third quarter ended Aug.
This article is part of a “Reporter’s Notebook” series, wherein CNBC journalists submit tales and observations from the field. To Elon Musk’s audience, the storied entrepreneur is less of a CEO than he is a rockstar. That’s what I learned after covering an afternoon of events by his companies SpaceX and Tesla in Australia, where
Manhattan apartment sales were the strongest in two years, although prices at the top end continue to come under pressure. Total sales increased 13 percent in the third quarter compared with a year ago, according to a report from Douglas Elliman Real Estate and Miller Samuel Real Estate Appraisers and Consultants. Yet stronger sales were
Finally, as the stock market surges into October, Cramer noticed a dozen unusual stock groups that have been gaining momentum. “Given that we are going into earnings season, it’s rather strange, and, I should add, actually incredibly healthy to see so many stocks from so many sectors running into their quarters,” he said. “Normally I’d
In the wake of a deal between Hain Celestial and activist firm Engaged Capital, Hain Celestial Chairman, President and CEO Irwin Simon seemed pleased at the outcome. “We got six new board members, six new board members with a lot of industry experience … which is going to be very, very helpful to the company,
In the immediate wake of the deadliest mass shooting in the U.S., some of Las Vegas’ conference halls and resorts served as makeshift shelters, housing injured concert-goers and distraught residents. But as the day progressed, streets and hotels were reopening, and so far, most events look to be proceeding as planned, but with added precautions.
Check out the companies making headlines after the bell on Monday: Shares of Tesla fell 1.5 percent in extended trading after the company reported disappointing Model 3 delivery figures for the third quarter. Shares of Goldman Sachs edged lower in extended trade, after gaining 1.5 percent in the normal session. Earlier Monday, the company announced
“My preference would be not to raise rates again until we actually hit 2 percent core PCE inflation on a 12-month basis, unless we have seen a large drop in the headline unemployment rate signaling that we have used up remaining labor market slack, or a surprise increase in inflation expectations,” Kashkari wrote on Medium.com.
A GoFundMe campaign is accepting donations for victims of the mass shooting in Las Vegas Sunday night that claimed the lives of at least 58 people and injured more than 500. Set up by Steve Sisolak, chairman of the Clark County (Nevada) Commission, the campaign raised more than $900,000 its first six hours, and continues
The study also showed that most loans come from parents: About 76 percent of men reported borrowing from their parents, compared with 63 percent of women. (Coming in a distant second, at about 10 percent for both sexes: borrowing from a sibling.) Even when it’s your child, experts say, you need to make sure you
A post-divorce settlement budget. Let’s face it, money is usually the one thing most people worry about when getting divorced. Gathering all of your financial information is a key first step. This will help you determine your assets and liabilities. Next, create a budget; this is vital when going through a divorce. Each spouse needs
In 2011, the pair quit their desk jobs in San Francisco. Beaudet had been working as an office manager, Roberts as a photo retoucher. Both were eager for a change. “We wanted to think of something we could love and do together and we decided to start a business,” Beaudet said. But Beaudet and Roberts
How so? First, HSA contributions are tax deductible. Second, money saved in an HSA — up to $3,400 per year for people with an individual health plan and $6,750 for those with a family plan — can grow tax-deferred. This is especially advantageous for younger savers with fewer likely medical expenses and, therefore, potential withdrawals,
Robyn Mancell sold her Southern California, four bedroom home four years ago when her youngest child left. She moved to a cheaper, one bedroom apartment nearby. “There was a lot of upkeep,” the 58-year-old said of her former place. As some empty nesters and retirees decide to downsize, giving up a mortgage for a rental
Antoine Antoniol | Bloomberg | Getty Images An Airbus A320 aircraft, left, and an Airbus A321, right, stand on the tarmac at Roissy Charles de Gaulle airport in Paris, France. An Air France flight from Paris to Los Angeles made an emergency landing in eastern Canada on Saturday after one of its four engines sustained