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Red Robin Shares Soar 13% on Activist Investor Offer

by Dorian Holden | Jul 19, 2019 | Markets

After losing more than half its value since 2018, shares of Red Robin Gourmet Burgers (RRGB) are showing signs of life this morning.  At the moment, the stock is up more than $4, or 13% on the day after a resubmitted bid from Vintage Capital to acquire all...

Microsoft Hits Another Home Run With Its Fourth-Quarter Earnings Report

by Jamie Johnson | Jul 19, 2019 | Markets

The company’s fourth-quarter revenue and earnings exceeded investor expectations.  Microsoft hit a new 52-week high after releasing its fourth-quarter earnings report on Thursday. The company’s revenue hit $33.7 billion, which is up 12% from a year earlier. And...

Bank of America’s Shares Rise Thanks to a Strong Earnings Report

by Jamie Johnson | Jul 18, 2019 | Markets

The bank increased its revenue and profit during the second quarter. This week, Bank of America released its second-quarter earnings report. The earnings report exceeded investor expectations, largely thanks to its retail banking strength. Bank of America’s shares...

Software Platform Company Dynatrace Files for Initial Public Offering With NYSE Stock Listing

by Dorian Holden | Jul 5, 2019 | Business

Dynatrace, a software intelligence platform company that’s owned by private-equity firm Thoma Bravo, filed a prospectus with US regulators for an initial public offering on Friday. The Waltham, Mass.-based company didn’t say how many shares it would offer,...

Amazon Reportedly Seeks FCC Permission to Launch 3,236 Satellites for Broadband Services Project

by Dorian Holden | Jul 5, 2019 | Business, Technology

Amazon (AMZN) has filed a request to the US Federal Communications Commission seeking permission to launch 3,236 communications satellites, media reports said Friday, citing a July 4 filing. The request is for the company’s Kuiper project, which is focused on...
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