Sony is buying ‘Spider-Man’ and ‘Ratchet & Clank’ developer Insomniac Games

Marvel Spider-Man signage is seen at the Sony Corp. PlayStation booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Sony’s gaming division announced late Monday that it will buy U.S. video game developer Insomniac Games. The acquisition follows a more than 20-year relationship between the two companies on a host of popular games exclusive to Sony’s PlayStation console, including “Spider-Man,” “Rachet & Clank” and “Resistance.” “We have e


Marvel Spider-Man signage is seen at the Sony Corp. PlayStation booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Sony’s gaming division announced late Monday that it will buy U.S. video game developer Insomniac Games. The acquisition follows a more than 20-year relationship between the two companies on a host of popular games exclusive to Sony’s PlayStation console, including “Spider-Man,” “Rachet & Clank” and “Resistance.” “We have e
Sony is buying ‘Spider-Man’ and ‘Ratchet & Clank’ developer Insomniac Games Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: ryan browne
Keywords: news, cnbc, companies, studios, sony, games, developer, worldwide, gaming, spiderman, ratchet, sie, insomniac, playstation, wws, buying, clank, video


Sony is buying 'Spider-Man' and 'Ratchet & Clank' developer Insomniac Games

Marvel Spider-Man signage is seen at the Sony Corp. PlayStation booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018.

Sony’s gaming division announced late Monday that it will buy U.S. video game developer Insomniac Games.

The acquisition follows a more than 20-year relationship between the two companies on a host of popular games exclusive to Sony’s PlayStation console, including “Spider-Man,” “Rachet & Clank” and “Resistance.”

Sony Interactive Entertainment (SIE) said the company would be run by current management and SIE’s video game development arm in San Mateo, California, once the deal closes. Financial terms were not disclosed.

“We have enjoyed a strong collaborative partnership with the studio for many years, and are thrilled to officially welcome them to the Worldwide Studios family,” Shawn Layden, chairman of SIE Worldwide Studios (WWS), said in a statement Monday.

“The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world class gaming experiences that can only be found on the PlayStation platform.”

The deal could be an important one for Sony, as the gaming giant looks to build on its success with exclusive titles to rival Microsoft’s Xbox console, and as the PlayStation 4 approaches the end of its life cycle.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: ryan browne
Keywords: news, cnbc, companies, studios, sony, games, developer, worldwide, gaming, spiderman, ratchet, sie, insomniac, playstation, wws, buying, clank, video


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Anthony Scaramucci encourages Iran to ratchet back tensions, says Trump is ‘very fearless’

Former White House Communications Director Anthony Scaramucci believes it would be “very smart” for Iran to de-escalate tensions with the U.S., amid fears of another military confrontation in the Middle East. President Donald Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week. The U.S. president also warned an Iranian attack on Americans would be met with “great and overwhelming force” and “obliteration. ” Iran respond


Former White House Communications Director Anthony Scaramucci believes it would be “very smart” for Iran to de-escalate tensions with the U.S., amid fears of another military confrontation in the Middle East. President Donald Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week. The U.S. president also warned an Iranian attack on Americans would be met with “great and overwhelming force” and “obliteration. ” Iran respond
Anthony Scaramucci encourages Iran to ratchet back tensions, says Trump is ‘very fearless’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: sam meredith
Keywords: news, cnbc, companies, anthony, ratchet, role, house, trump, fearless, tensions, scaramucci, military, trillion, iran, white, sanctions, encourages, president


Anthony Scaramucci encourages Iran to ratchet back tensions, says Trump is 'very fearless'

Former White House Communications Director Anthony Scaramucci believes it would be “very smart” for Iran to de-escalate tensions with the U.S., amid fears of another military confrontation in the Middle East.

President Donald Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week.

The U.S. president also warned an Iranian attack on Americans would be met with “great and overwhelming force” and “obliteration. ”

Iran responded to the additional sanctions by calling them “outrageous and idiotic” and suggested the White House was suffering from a “mental illness.”

“The only thing I would say to people in Iran is I would be very careful with President Trump because he is not the kind of guy that is a politician,” Scaramucci told CNBC’s Hadley Gamble in Manama, Bahrain on Wednesday.

“He has lived his entire life without fear and so I would just be cautious with him. He just invested $1.4 trillion in the last two years in the United States military and so he means what he says,” he added.

The Stockholm International Peace Research Institute (SIPRI) estimated that America’s military spending amounted to $1.255 trillion over 2017 and 2018. The U.S. is by far the world’s biggest spender when it comes to defense, accounting for 36% of total global military expenditure in 2018.

Scaramucci was fired from his role as White House communications director after just 10 days in the role in 2017, following controversial comments about his colleagues.


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: sam meredith
Keywords: news, cnbc, companies, anthony, ratchet, role, house, trump, fearless, tensions, scaramucci, military, trillion, iran, white, sanctions, encourages, president


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Do this once a year to ratchet up your financial security

One Wall Street winner—Jamie Dimon, CEO of JP Morgan Chase — emerged from the financial crisis whole. Some of the bank’s investors more than tripled their money in the wake of the financial crisis. Do your own financial stress test by creating a financial plan — that’s the foundation of your review. A financial plan doesn’t have to be complicated. Then, like the banks do, test different parts of your financial life to see how they’d perform in bad weather.


One Wall Street winner—Jamie Dimon, CEO of JP Morgan Chase — emerged from the financial crisis whole. Some of the bank’s investors more than tripled their money in the wake of the financial crisis. Do your own financial stress test by creating a financial plan — that’s the foundation of your review. A financial plan doesn’t have to be complicated. Then, like the banks do, test different parts of your financial life to see how they’d perform in bad weather.
Do this once a year to ratchet up your financial security Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: jill cornfield
Keywords: news, cnbc, companies, stress, test, theyd, thats, security, ratchet, insurance, financial, review, things, plan, dont


Do this once a year to ratchet up your financial security

On the face of it, comparing yourself to a large financial institution seems crazy. What could you possibly have in common?

You both have assets.

The only real difference is that many more people depend on a big bank than on you.

One Wall Street winner—Jamie Dimon, CEO of JP Morgan Chase — emerged from the financial crisis whole. Some of the bank’s investors more than tripled their money in the wake of the financial crisis. Dimon’s strategy: preparing for the worst, not simply hoping things will turn out OK. The bank performs dozens of regular stress tests on a range of scenarios, including wars and recessions.

When you think about it, you already do that. What if you got sick? That’s why you have health insurance. What if something happened to your car? That’s why you have theft and liability insurance for your car.

Do your own financial stress test by creating a financial plan — that’s the foundation of your review. So if you don’t have one, put that on your to-do list. Don’t be intimidated. A financial plan doesn’t have to be complicated.

Then, like the banks do, test different parts of your financial life to see how they’d perform in bad weather.

Annually check these four key things recommended by Andrew Crowell, vice chairman of D.A. Davidson & Co. Wealth Management.

You want to review regularly to identify any vulnerable points. Crowell recommends testing your portfolio and general finances, and how they’d react if interest rates rise, the stock market drops or you needed to meet a sudden expense. He uses the acronym “MAID” to remember them easily: markets, accidents, income disruption and death.


Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: jill cornfield
Keywords: news, cnbc, companies, stress, test, theyd, thats, security, ratchet, insurance, financial, review, things, plan, dont


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After China, the US will ratchet up trade tensions with the EU, OECD chief economist warns

Once the U.S. and China have reached a trade deal, the world’s largest economy will amplify tensions with the European Union, according to the chief economist of the Organization for Economic Co-operation and Development (OECD). Her comments come as market participants continue to monitor the prospect of a comprehensive trade agreement between Washington and Beijing. On Thursday, President Donald Trump said the U.S. had found common ground on some of the toughest points in trade talks, adding a


Once the U.S. and China have reached a trade deal, the world’s largest economy will amplify tensions with the European Union, according to the chief economist of the Organization for Economic Co-operation and Development (OECD). Her comments come as market participants continue to monitor the prospect of a comprehensive trade agreement between Washington and Beijing. On Thursday, President Donald Trump said the U.S. had found common ground on some of the toughest points in trade talks, adding a
After China, the US will ratchet up trade tensions with the EU, OECD chief economist warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: sam meredith, vcg, getty images, win mcnamee
Keywords: news, cnbc, companies, warns, chief, tensions, eu, economist, trade, oecd, worlds, points, president, world, china, deal, ratchet, xi


After China, the US will ratchet up trade tensions with the EU, OECD chief economist warns

Once the U.S. and China have reached a trade deal, the world’s largest economy will amplify tensions with the European Union, according to the chief economist of the Organization for Economic Co-operation and Development (OECD).

Her comments come as market participants continue to monitor the prospect of a comprehensive trade agreement between Washington and Beijing.

On Thursday, President Donald Trump said the U.S. had found common ground on some of the toughest points in trade talks, adding a deal could be agreed in the next four weeks.

Chinese President Xi Jinping reportedly echoed the optimism over a possible deal, but the White House warned some sticking points remain unresolved.

“Even once we are done with the U.S. and China, the U.S. will turn to Europe,” Laurence Boone, chief economist at OECD, told CNBC’s Steve Sedgwick at the Ambrosetti Workshop in Italy on Friday.

“So, I think by undermining the multi-lateral rules-based system on trade, we have just injected a massive dose of uncertainty in the world that will stay with us for a long time.”


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: sam meredith, vcg, getty images, win mcnamee
Keywords: news, cnbc, companies, warns, chief, tensions, eu, economist, trade, oecd, worlds, points, president, world, china, deal, ratchet, xi


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The State Dept issued 12 demands for Iran. They ratchet up oil market risk and trade tension

Half of the demands require Iran to reverse decades of foreign policy underpinned by financial and logistical support for its regional allies and U.S.-designated terrorist groups. A prolonged impasse would threaten to establish a high-stakes period marked by increased tension and risk of conflict, analysts said. Iran, OPEC’s third-largest oil producer, is positioned on the shores of the Strait of Hormuz, the world’s busiest maritime transport route for oil. Alex Vatanka, senior fellow at the Mid


Half of the demands require Iran to reverse decades of foreign policy underpinned by financial and logistical support for its regional allies and U.S.-designated terrorist groups. A prolonged impasse would threaten to establish a high-stakes period marked by increased tension and risk of conflict, analysts said. Iran, OPEC’s third-largest oil producer, is positioned on the shores of the Strait of Hormuz, the world’s busiest maritime transport route for oil. Alex Vatanka, senior fellow at the Mid
The State Dept issued 12 demands for Iran. They ratchet up oil market risk and trade tension Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-22  Authors: tom dichristopher, amanda macias cnbc, -helima croft, rbc capital markets global head of commodity strat
Keywords: news, cnbc, companies, rethink, risk, dept, tension, strait, market, foreign, policy, tehrans, ratchet, trade, iran, issued, demands, oil, state, really, regime, vatanka


The State Dept issued 12 demands for Iran. They ratchet up oil market risk and trade tension

Secretary of State Pompeo vows US won’t allow Iran to develop a nuclear weapon: ‘Not now, not ever’ 11:46 AM ET Mon, 21 May 2018 | 00:47

The list calls on Iran to accept tighter restrictions on its nuclear program than those Tehran accepted after years of negotiations leading up to the 2015 accord. It also requires Iran to halt its ballistic missile program and release U.S. citizens imprisoned in the country.

Half of the demands require Iran to reverse decades of foreign policy underpinned by financial and logistical support for its regional allies and U.S.-designated terrorist groups. Those include Hezbollah in Lebanon, Shiite militias that were instrumental to defeating ISIS in Iraq, Houthi rebels in Yemen and President Bashar Assad in Syria.

Iranian President Hassan Rouhani on Monday said the demands are “not acceptable.” A prolonged impasse would threaten to establish a high-stakes period marked by increased tension and risk of conflict, analysts said.

“I think events are moving in a more confrontational direction and by summer’s end we may be back to a situation like 2012 where we worried about critical choke points,” said Helima Croft, global head of commodity strategy at RBC Capital Markets.

Iran, OPEC’s third-largest oil producer, is positioned on the shores of the Strait of Hormuz, the world’s busiest maritime transport route for oil. In the past, Iran has threatened to shut the strait, which opens to the Persian Gulf, where Iranian and U.S. military vessels have clashed.

The demands are “nothing new or revolutionary,” with the exception that they are being offered in exchange for a big new deal, said Mark Dubowitz, CEO of the Foundation for Defense of Democracies.

“They are a return to long-standing demands by previous administrations and foreign governments as embodied by multiple UN security council resolutions,” said Dubowitz, an ardent critic of the 2015 accord who has advocated for tougher deal.

Alex Vatanka, senior fellow at the Middle East Institute, said Pompeo made a number of valid points, particularly regarding the high cost of Tehran’s foreign policy. However, while that message will be welcomed by Iran’s reformers, the list of demands is so bold, it raises questions about Pompeo’s endgame, he said.

“That’s a difficult question,” said Vatanka. “What is he really trying to achieve with it? Because it’s certainly not realistic for this Iranian regime to meet him anywhere close to the midway point.”

Vatanka said he too believes the administration may be tilting towards a policy of regime change. In his view, that is a risky wager that depends on enough Iranians rallying around Washington, a prospect that Tehran’s religious clerics could undercut with the right message.

“Certainly, this has changed the conversation,” Vatanka said. “We no longer really talk about how we can force Iran to rethink its policies. We’re saying if you can’t rethink it, we’ll do it for you. We’ll bring the system down.”


Company: cnbc, Activity: cnbc, Date: 2018-05-22  Authors: tom dichristopher, amanda macias cnbc, -helima croft, rbc capital markets global head of commodity strat
Keywords: news, cnbc, companies, rethink, risk, dept, tension, strait, market, foreign, policy, tehrans, ratchet, trade, iran, issued, demands, oil, state, really, regime, vatanka


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Broadcom is expected to ratchet up the pressure by sweetening its bid for Qualcomm: Sources

Broadcom plans to unveil a new approximately $120 billion offer for Qualcomm on Monday, aiming to ratchet up pressure on its U.S. semiconductor peer to engage in negotiations, people familiar with the matter said on Sunday. Broadcom was scheduled to meet with its advisers on Sunday to finalize an offer that values Qualcomm between $80 and $82 per share, two of the sources said. Broadcom’s previous $70 per share offer consisted of $60 per share in cash and $10 per share in stock. Broadcom also pl


Broadcom plans to unveil a new approximately $120 billion offer for Qualcomm on Monday, aiming to ratchet up pressure on its U.S. semiconductor peer to engage in negotiations, people familiar with the matter said on Sunday. Broadcom was scheduled to meet with its advisers on Sunday to finalize an offer that values Qualcomm between $80 and $82 per share, two of the sources said. Broadcom’s previous $70 per share offer consisted of $60 per share in cash and $10 per share in stock. Broadcom also pl
Broadcom is expected to ratchet up the pressure by sweetening its bid for Qualcomm: Sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-02-05  Authors: mike blake
Keywords: news, games, cnbc, companies, share, deal, broadcom, shareholders, regulators, sweetening, bid, qualcomm, pressure, offer, scheduled, ratchet, expected, sources, plans


Broadcom is expected to ratchet up the pressure by sweetening its bid for Qualcomm: Sources

Broadcom plans to unveil a new approximately $120 billion offer for Qualcomm on Monday, aiming to ratchet up pressure on its U.S. semiconductor peer to engage in negotiations, people familiar with the matter said on Sunday.

The move comes ahead of a Qualcomm shareholder meeting scheduled for March 6, when Broadcom is seeking to replace Qualcomm’s board of directors by nominating its own slate for election.

Broadcom was scheduled to meet with its advisers on Sunday to finalize an offer that values Qualcomm between $80 and $82 per share, two of the sources said. Broadcom’s previous $70 per share offer consisted of $60 per share in cash and $10 per share in stock.

Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Typically, such break-up fees equate to approximately 3 percent to 4 percent of a deal’s size.

The sources cautioned that Broadcom Chief Executive Officer Hock Tan may decide to significantly change the terms at the last minute.

The sources asked not to be identified because the deliberations are confidential. Broadcom and Qualcomm did not immediately respond to requests for comment.

Broadcom has said it is very confident a deal can be completed within 12 months of signing an agreement. Qualcomm counters that the regulatory review processes required around the world would take more than 18 months and be fraught with risks.

Qualcomm provides chips to mobile carrier networks to deliver broadband and data, making it an attractive acquisition target for Broadcom, which hopes to expand its offerings in so-called 5G wireless technology.

Qualcomm has argued to its shareholders that Broadcom’s hostile bid is aimed at acquiring the company on the cheap.

Qualcomm reported quarterly profit and revenues last week that beat analysts’ expectations as demand surged for its chips used in smartphones and cars. However, its forecast was below estimates due to tepid mobile phone sales in China.

Qualcomm is engaged in a patent infringement dispute with Apple. Qualcomm has said the litigation is necessary in order to defend is licensing programs.

Qualcomm is also trying to clinch an acquisition of its own, proposing to buy NXP Semiconductors for $38 billion. The deal was approved by European Union antitrust regulators last month, and only China has yet to approve it. Qualcomm expects the government’s blessing later this month.

The NXP deal still faces an uncertain future as some of its shareholders, including activist hedge fund Elliott Management, have asked Qualcomm to raise its offer. Qualcomm is expected to make a decision later this month.


Company: cnbc, Activity: cnbc, Date: 2018-02-05  Authors: mike blake
Keywords: news, games, cnbc, companies, share, deal, broadcom, shareholders, regulators, sweetening, bid, qualcomm, pressure, offer, scheduled, ratchet, expected, sources, plans


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