(Reuters) -Activist investor Elliott Investment Management disclosed a $2.5 billion stake in analog chipmaker Texas Instruments and urged the chipmaker to improve its free cash flow. Texas Instrument’s shares rose about 3% in early trading. Elliott proposed in a letter to the company’s board that Texas Instruments introduce a “dynamic capacity-management strategy”, which would allow…
(Reuters) – Verizon said on Tuesday that it added Comcast’s Peacock to its streaming subscription hub and plans to offer YouTube Premium at a discounted rate with myPlan subscriptions. The telecom firm said it will offer YouTube Premium for $10 per month, offering savings of 30% to myPlan customers, starting Thursday. Peacock streaming service, under…
By Zaheer Kachwala (Reuters) – Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value…
(Reuters) – American Airlines on Tuesday cut its second-quarter profit forecast, sending the shares of the carrier down about 4% in aftermarket trading. The company now expects second-quarter adjusted earnings per diluted share to be between $1.00 and $1.15, down from its previous expectations of between $1.15 and $1.45 per share. It now expects total…
