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$GOOG's Board has authorized it to repurchase Class C capital stock of up to $5Bil. Starting in 4Q15, the company will disclose the results separately for Google and all other Alphabet businesses as Other Bets, including access and energy, life sciences, Nest, investment arm and X, the driverless car program.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.