Apple downgraded by Rosenblatt to ‘sell’ on ‘fundamental deterioration’

Rosenblatt Securities downgraded Apple to “sell” from “neutral” on Monday and said it thinks there is “less reward” for owning the stock. The firm said that while it didn’t think Apple stock was a short, “we believe Apple will face fundamental deterioration over the next 6 to 12 months,” analyst Jun Zhang said in a note to clients. Rosenblatt did, however, maintain its 12-month $150 price target. “Adding to our ‘sell’ thesis, we believe new iPhone sales will be disappointing, iPad sales growth w


Rosenblatt Securities downgraded Apple to “sell” from “neutral” on Monday and said it thinks there is “less reward” for owning the stock. The firm said that while it didn’t think Apple stock was a short, “we believe Apple will face fundamental deterioration over the next 6 to 12 months,” analyst Jun Zhang said in a note to clients. Rosenblatt did, however, maintain its 12-month $150 price target. “Adding to our ‘sell’ thesis, we believe new iPhone sales will be disappointing, iPad sales growth w
Apple downgraded by Rosenblatt to ‘sell’ on ‘fundamental deterioration’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: michael bloom, fred imbert
Keywords: news, cnbc, companies, believe, rosenblatt, trading, total, company, downgraded, growth, zhang, deterioration, fundamental, sales, apple, sell


Apple downgraded by Rosenblatt to 'sell' on 'fundamental deterioration'

Rosenblatt Securities downgraded Apple to “sell” from “neutral” on Monday and said it thinks there is “less reward” for owning the stock.

The firm said that while it didn’t think Apple stock was a short, “we believe Apple will face fundamental deterioration over the next 6 to 12 months,” analyst Jun Zhang said in a note to clients. Rosenblatt did, however, maintain its 12-month $150 price target.

“Adding to our ‘sell’ thesis, we believe new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, other product sales growth, such as the HomePod, AirPod, and iWatch, may not be meaningful to support total revenue growth,” they said.

Shares of the tech giant were down 2.12% in midday trading. The company expects to report third-quarter earnings on July 30 after the closing bell. Apple’s chief design officer, Sir Jony Ive, also recently announced he was leaving the company.


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: michael bloom, fred imbert
Keywords: news, cnbc, companies, believe, rosenblatt, trading, total, company, downgraded, growth, zhang, deterioration, fundamental, sales, apple, sell


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Kamala Harris raised $12 million in second quarter, trailing Biden and other 2020 rivals

Sen. Kamala Harris’ 2020 presidential campaign raised $12 million in the second quarter, her spokesman announced on Friday. Read more: How Kamala Harris became one of the richest contenders in the 2020 fieldThe Harris campaign said the second quarter haul came in part from 150,000 new donors. During the debate, Harris took on Biden for his past work with segregationists and challenged him on his record on busing. None of the candidates have come close to Trump’s fundraising success in the second


Sen. Kamala Harris’ 2020 presidential campaign raised $12 million in the second quarter, her spokesman announced on Friday. Read more: How Kamala Harris became one of the richest contenders in the 2020 fieldThe Harris campaign said the second quarter haul came in part from 150,000 new donors. During the debate, Harris took on Biden for his past work with segregationists and challenged him on his record on busing. None of the candidates have come close to Trump’s fundraising success in the second
Kamala Harris raised $12 million in second quarter, trailing Biden and other 2020 rivals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: brian schwartz
Keywords: news, cnbc, companies, campaign, biden, trailing, kamala, raised, harris, quarter, million, rivals, second, 2020, debate, total, president


Kamala Harris raised $12 million in second quarter, trailing Biden and other 2020 rivals

Democratic presidential candidate Kamala Harris reacts as Ryan Kyote donates to her campaign during the Pride Parade in San Francisco, California, U.S., June 30, 2019.

Sen. Kamala Harris’ 2020 presidential campaign raised $12 million in the second quarter, her spokesman announced on Friday.

The haul is significantly behind three other presidential contenders who announced their total fundraising hauls earlier this week. South Bend, Indiana, Mayor Pete Buttigieg continues to lead the group with a $24.8 million total, followed by former Vice President Joe Biden with $21.5 million and Sen. Bernie Sanders at $18 million.

A chunk of that $12 million for Harris, D-Calif., came on the heels of her widely praised performance toward the end of June in the Democratic debate in Miami. Her campaign recently announced that she raked in $2 million on the back of 63,277 online donations in the 24 hours after the debate.

Read more: How Kamala Harris became one of the richest contenders in the 2020 field

The Harris campaign said the second quarter haul came in part from 150,000 new donors. The $12 million total, however, is equivalent to her first quarter tally. The campaign did not return CNBC’s request for comment on how much cash it has on hand.

Still, the third quarter may be a different story for Harris. Following her battle with Biden on the debate stage, some of her biggest supporters on Wall Street fielded at least 50 calls from wealthy financiers who first had no interest in supporting Harris’s bid for president but now want to meet her, CNBC previously reported.

During the debate, Harris took on Biden for his past work with segregationists and challenged him on his record on busing.

Since then, Harris has surged in many polls, with the latest Quinnipiac survey showing she’s within two points of Biden’s top spot. That same poll also shows that party voters believe Biden has the best chance of beating President Donald Trump in the general election.

None of the candidates have come close to Trump’s fundraising success in the second quarter. The president and the Republican National Committee raised $105 million in the second quarter.

WATCH: Kamala Harris gains support after second Democratic candidate debate


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: brian schwartz
Keywords: news, cnbc, companies, campaign, biden, trailing, kamala, raised, harris, quarter, million, rivals, second, 2020, debate, total, president


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Goldman Sachs is reportedly combining four private-investing units with $140 billion in total assets

Unilever staff took part in DNA experiment to tackle unconscious…Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has…Marketing.Media.Moneyread more


Unilever staff took part in DNA experiment to tackle unconscious…Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has…Marketing.Media.Moneyread more
Goldman Sachs is reportedly combining four private-investing units with $140 billion in total assets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-16  Authors: kevin breuninger
Keywords: news, cnbc, companies, taken, sachs, combining, reportedly, billion, dna, unusual, step, privateinvesting, assets, tackle, read, units, total, unconsciousconsumer, 140, took, goldman, staff, unilever


Goldman Sachs is reportedly combining four private-investing units with $140 billion in total assets

Unilever staff took part in DNA experiment to tackle unconscious…

Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has…

Marketing.Media.Money

read more


Company: cnbc, Activity: cnbc, Date: 2019-06-16  Authors: kevin breuninger
Keywords: news, cnbc, companies, taken, sachs, combining, reportedly, billion, dna, unusual, step, privateinvesting, assets, tackle, read, units, total, unconsciousconsumer, 140, took, goldman, staff, unilever


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Colorado passes $1 billion in marijuana state revenue

Colorado has now generated more than $1 billion in total state revenue from the legal marijuana industry, another milestone for the state that legalized cannabis in 2014. And the state’s revenue from adult-use marijuana sales has accelerated. The state’s legal marijuana sales revenue doubling from the $500 million mark to $1 billion ($1,017,120,136 exactly) took under two years, while getting to $500 million took close to three and a half years. Since July 2017, Colorado total monthly tax and fe


Colorado has now generated more than $1 billion in total state revenue from the legal marijuana industry, another milestone for the state that legalized cannabis in 2014. And the state’s revenue from adult-use marijuana sales has accelerated. The state’s legal marijuana sales revenue doubling from the $500 million mark to $1 billion ($1,017,120,136 exactly) took under two years, while getting to $500 million took close to three and a half years. Since July 2017, Colorado total monthly tax and fe
Colorado passes $1 billion in marijuana state revenue Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: eric rosenbaum, scott cohn
Keywords: news, cnbc, companies, passes, billion, states, million, monthly, sales, state, colorado, marijuana, total, revenue


Colorado passes $1 billion in marijuana state revenue

Colorado has now generated more than $1 billion in total state revenue from the legal marijuana industry, another milestone for the state that legalized cannabis in 2014.

Colorado already has posted some big numbers: More than $6 billion in total sales of cannabis since the birth of the new industry — over $6.5 billion at the end of May, according to just-released monthly data from the state. And the state’s revenue from adult-use marijuana sales has accelerated.

April and May were the two highest-grossing months in the five-year history of the new industry, with Colorado revenue reaching its highest monthly take ever in April (which includes the 420 holiday), at roughly $24.2 million. The state’s legal marijuana sales revenue doubling from the $500 million mark to $1 billion ($1,017,120,136 exactly) took under two years, while getting to $500 million took close to three and a half years. Since July 2017, Colorado total monthly tax and fee revenue from marijuana sales has never dipped below $20 million. In February 2014, the first month with sales tracking data, total state revenue was $3.5 million.

At CNBC’s recent Net Net event held in Denver on May 1, Colorado Gov. Jared Polis said, “It’s going very well. … It’s creating tens of thousands of jobs, tax revenue for the state, filling up buildings for landlords and reducing crime. … Although I like to tell my peer governors in other states ‘It’s not going well, don’t do it.’ There is obviously more advantage to us when we are all a little bit more special, and obviously more and more states are moving in this direction.”


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: eric rosenbaum, scott cohn
Keywords: news, cnbc, companies, passes, billion, states, million, monthly, sales, state, colorado, marijuana, total, revenue


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Tiffany says sales to Chinese tourists are plummeting because of the trade war

A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019. Luxury jeweler Tiffany & Co. blamed disappointing quarterly results on a steep decline in Chinese tourism, the company said Tuesday. After slashing its full-year profit outlook to low-to-mid-single-digit growth from mid-single-digit growth, Tiffany cited “dramatically” lower tourist spending. “The tourists in the U.S. represent a low double-digit percentage of our total sales in the U.S. and we have seen a sh


A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019. Luxury jeweler Tiffany & Co. blamed disappointing quarterly results on a steep decline in Chinese tourism, the company said Tuesday. After slashing its full-year profit outlook to low-to-mid-single-digit growth from mid-single-digit growth, Tiffany cited “dramatically” lower tourist spending. “The tourists in the U.S. represent a low double-digit percentage of our total sales in the U.S. and we have seen a sh
Tiffany says sales to Chinese tourists are plummeting because of the trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, chinese, tiffany, sales, york, tourism, growth, tourist, war, total, plummeting, trade, tourists, tuesdayafter


Tiffany says sales to Chinese tourists are plummeting because of the trade war

A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019.

Luxury jeweler Tiffany & Co. blamed disappointing quarterly results on a steep decline in Chinese tourism, the company said Tuesday.

After slashing its full-year profit outlook to low-to-mid-single-digit growth from mid-single-digit growth, Tiffany cited “dramatically” lower tourist spending.

“The tourists in the U.S. represent a low double-digit percentage of our total sales in the U.S. and we have seen a sharp decrease to sales to tourists in the U.S. in the range of 25%. Even sharper for Chinese tourists,” Tiffany’s chief executive officer, Alessandro Bogliolo, said on the company’s conference call.


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, chinese, tiffany, sales, york, tourism, growth, tourist, war, total, plummeting, trade, tourists, tuesdayafter


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Leaked ‘Jeopardy!’ footage appears to show reigning champion James Holzhauer’s defeat

A video surfaced Sunday night on Twitter purporting to show reigning champion James Holzhauer’s winning streak coming to an end. In the minute-long video, Holzhauer and competitor Emma Boettcher both correctly answer the Final Jeopardy question, but Boettcher pulls out the win, having wagered more money. On the video, Holzhauer can be see giving Boettcher a high-five. Since Holzhauer’s winning streak, ratings for “Jeopardy!” WATCH: James Holzhauer closes in Jeopardy record for winnings in April


A video surfaced Sunday night on Twitter purporting to show reigning champion James Holzhauer’s winning streak coming to an end. In the minute-long video, Holzhauer and competitor Emma Boettcher both correctly answer the Final Jeopardy question, but Boettcher pulls out the win, having wagered more money. On the video, Holzhauer can be see giving Boettcher a high-five. Since Holzhauer’s winning streak, ratings for “Jeopardy!” WATCH: James Holzhauer closes in Jeopardy record for winnings in April
Leaked ‘Jeopardy!’ footage appears to show reigning champion James Holzhauer’s defeat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: sarah whitten
Keywords: news, cnbc, companies, defeat, holzhauer, james, total, record, ratings, footage, champion, appears, holzhauers, jeopardy, boettcher, leaked, twitter, video, streak, reigning, winning


Leaked 'Jeopardy!' footage appears to show reigning champion James Holzhauer's defeat

This file image made from video aired on “Jeopardy!” on Tuesday, April 9, 2019, and provided by Jeopardy Productions, Inc. shows James Holzhauer. The 34-year-old professional sports gambler from Las Vegas won more than $110,000 on “Jeopardy!” on Tuesday, breaking the record for single-day cash winnings.

It appears “Jeopardy!” is the latest victim of a major spoiler leak.

A video surfaced Sunday night on Twitter purporting to show reigning champion James Holzhauer’s winning streak coming to an end. The episode is reportedly supposed to air Monday night.

In the minute-long video, Holzhauer and competitor Emma Boettcher both correctly answer the Final Jeopardy question, but Boettcher pulls out the win, having wagered more money. Twitter later disabled the video, citing “a report by the copyright owner.”

Holzhauer bet an uncharacteristically low amount — only $1,399 — bringing his game total to $24,799. Boettcher, on the other hand, bet a whopping $20,201 on the question, bringing her total to $46,801.

On the video, Holzhauer can be see giving Boettcher a high-five.

Holzhauer appeared to confirm the loss on Twitter, writing “Knew I shouldn’t have invited Drake to the Jeopardy taping.”

The joke is a reference to the “Drake Curse.” The rapper has a habit of appearing at sporting events to root for a team or athlete only for them to end up losing. The “curse” has impacted the Toronto Maple Leafs, Alabama Crimson Tide and Ultimate Fighting Championship star Conor McGregor.

Representatives from Sony, which produces the show, were not immediately available to comment.

On Friday, Holzhauer, a 34 year-old professional sports gambler, won his 32nd game on the show bringing his total earnings to $2,462,216.

If the leaked video is correct, Holzhauer will have been granted $2,000 for his second-place finish falling short of Ken Jennings’ historic 74-game winning streak and his record payout of more than $2.5 million.

Leaked footage from TV shows and films has been a major issue for production companies as of late. In the last few months alone, spoilers from “Game of Thrones” and “Avengers: Endgame” both hit the internet ahead of their release.

Leaks like this can be detrimental not only to viewership numbers but also ticket sales, when it comes to movies.

Since Holzhauer’s winning streak, ratings for “Jeopardy!” have continued to spike. The leaked footage could hurt Monday night’s ratings. It is expected that once the hype around Holzhauer’s appearance dissipates, ratings will also decline from recent levels.

WATCH: James Holzhauer closes in Jeopardy record for winnings in April


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: sarah whitten
Keywords: news, cnbc, companies, defeat, holzhauer, james, total, record, ratings, footage, champion, appears, holzhauers, jeopardy, boettcher, leaked, twitter, video, streak, reigning, winning


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Union Pacific, PepsiCo and others could see their sales take a hit in a US-Mexico trade war

Union Pacific cargo train with multiple box cars approaching the camera as it prepares to cross a level railroad crossing near Jamestown, California, December 17, 2017. A number of American companies could see their sales decline if trade relations between the United States and Mexico deteriorate as a result of the Trump administration’s new tariffs. CNBC screened the components of the S&P 500 by their respective revenue exposure to Mexico, revealing that Kansas City Southern, Union Pacific, Pep


Union Pacific cargo train with multiple box cars approaching the camera as it prepares to cross a level railroad crossing near Jamestown, California, December 17, 2017. A number of American companies could see their sales decline if trade relations between the United States and Mexico deteriorate as a result of the Trump administration’s new tariffs. CNBC screened the components of the S&P 500 by their respective revenue exposure to Mexico, revealing that Kansas City Southern, Union Pacific, Pep
Union Pacific, PepsiCo and others could see their sales take a hit in a US-Mexico trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: thomas franck
Keywords: news, cnbc, companies, pepsico, war, mexico, total, imports, united, tariffs, trade, trump, pacific, fiat, sales, union, companies, usmexico, hit


Union Pacific, PepsiCo and others could see their sales take a hit in a US-Mexico trade war

Union Pacific cargo train with multiple box cars approaching the camera as it prepares to cross a level railroad crossing near Jamestown, California, December 17, 2017.

A number of American companies could see their sales decline if trade relations between the United States and Mexico deteriorate as a result of the Trump administration’s new tariffs.

CNBC screened the components of the S&P 500 by their respective revenue exposure to Mexico, revealing that Kansas City Southern, Union Pacific, PepsiCo and Nucor were among those with the highest proportion of sales. Those stocks were down 6.3%, 2.1%, 0.7% and 1.8%, respectively, on Friday.

President Donald Trump said Thursday night that he will impose a 5% tariff on all Mexican imports starting June 10 if Mexico doesn’t take steps to secure its border with the United States, potentially undermining the recently negotiated deal between the U.S., Canada and Mexico.

Trump’s Mexico tariffs also represent the White House’s latest attempt to pressure an economic partner through the use of trade levies, a tactic Trump has relied on throughout his negotiations with China. The administration imposed 25% tariffs on $200 billion worth of Chinese imports earlier this month following a breakdown in talks between Beijing and Washington.

While the aforementioned companies could be in for pain based on the percentages of their total sales coming from Mexico, other American companies that produce or source input in the country also sold off on Friday.

Shares of automakers, which import car components from Mexico, declined: Fiat Chrysler dropped nearly 5% after Friday’s opening bell, while General Motors was down 3.8% and Ford skidded 2.7%.

GM and Fiat Chrysler import 29% and 24%, respectively, of the total parts for its cars and trucks from Mexico, according to a Deutsche Bank analysis. The firm added that Ford has the second highest total imported vehicles from Mexico at 17%, behind Fiat Chrysler.

Corona beer maker Constellation Brands, meanwhile, imports 75% of its beer portfolio from Mexico, according to Morgan Stanley. The brokerage added that the 5% tariffs on Mexican goods would shave off nearly 4% from the company’s profits. Shares were down more than 6% on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: thomas franck
Keywords: news, cnbc, companies, pepsico, war, mexico, total, imports, united, tariffs, trade, trump, pacific, fiat, sales, union, companies, usmexico, hit


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Woman who buys a lottery ticket every day just won a second time—for a total of $1.1 million

Two years ago, Peggy Dodson bought a lucky scratch-off lottery ticket at her local convenience store that turned out to be a $100,000 winner. Dodson, 72, recently walked into the same store where she bought her previous winning lottery ticket to claim a second prize — but this time, it was a $1 million jackpot. Dodson cried when she realized she’d won the lottery again, and an even bigger prize this time, according to a press release from Pennsylvania Lottery officials. “We’re going to pay our m


Two years ago, Peggy Dodson bought a lucky scratch-off lottery ticket at her local convenience store that turned out to be a $100,000 winner. Dodson, 72, recently walked into the same store where she bought her previous winning lottery ticket to claim a second prize — but this time, it was a $1 million jackpot. Dodson cried when she realized she’d won the lottery again, and an even bigger prize this time, according to a press release from Pennsylvania Lottery officials. “We’re going to pay our m
Woman who buys a lottery ticket every day just won a second time—for a total of $1.1 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: tom huddleston jr
Keywords: news, cnbc, companies, total, lottery, million, scratchoff, press, second, ticket, dodson, store, timefor, won, winning, prize, day, buys, pennsylvania, woman, pay


Woman who buys a lottery ticket every day just won a second time—for a total of $1.1 million

Two years ago, Peggy Dodson bought a lucky scratch-off lottery ticket at her local convenience store that turned out to be a $100,000 winner. But the Pennsylvania woman’s lucky streak was far from over.

Dodson, 72, recently walked into the same store where she bought her previous winning lottery ticket to claim a second prize — but this time, it was a $1 million jackpot.

Dodson cried when she realized she’d won the lottery again, and an even bigger prize this time, according to a press release from Pennsylvania Lottery officials.

“I cried, I couldn’t help it. I just thank God,” says Dodson, who also laid out the plans she and her husband, Ottis, have for their latest windfall. “We’re going to pay our mortgage off, we’ll pay our truck off and we’ll go to the Grand Canyon and Alaska!” Dodson says in the press release.

Dodson, who decided to buy her winning “Max-a-Million” ticket because she liked that the scratch-off was “the color purple,” told the Lancaster Online newspaper on Thursday that she usually buys her daily lottery ticket at the same store.

Buying lottery tickets is one of Dodson’s only vices, she says.


Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: tom huddleston jr
Keywords: news, cnbc, companies, total, lottery, million, scratchoff, press, second, ticket, dodson, store, timefor, won, winning, prize, day, buys, pennsylvania, woman, pay


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Global Payments is nearing an agreement to acquire Total System Services for roughly $20 billion in latest fintech deal

Payment technology company Global Payments is nearing an agreement to acquire peer Total System Services for about $20 billion, in an all-stock deal that is expected to be announced Tuesday, people familiar with the matter tell CNBC. In early afternoon, it was up nearly 14%; Global Payments stock gained 3.4%. Global Payments declined to comment, while Total System Services did not respond to a request for comment. TSYS bought small business solution payment company iMobile3 last year and merchan


Payment technology company Global Payments is nearing an agreement to acquire peer Total System Services for about $20 billion, in an all-stock deal that is expected to be announced Tuesday, people familiar with the matter tell CNBC. In early afternoon, it was up nearly 14%; Global Payments stock gained 3.4%. Global Payments declined to comment, while Total System Services did not respond to a request for comment. TSYS bought small business solution payment company iMobile3 last year and merchan
Global Payments is nearing an agreement to acquire Total System Services for roughly $20 billion in latest fintech deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: alex sherman hugh son lauren hirsch, alex sherman, hugh son, lauren hirsch
Keywords: news, cnbc, companies, services, technology, deal, system, payment, global, billion, roughly, total, nearing, latest, fintech, company, payments


Global Payments is nearing an agreement to acquire Total System Services for roughly $20 billion in latest fintech deal

Payment technology company Global Payments is nearing an agreement to acquire peer Total System Services for about $20 billion, in an all-stock deal that is expected to be announced Tuesday, people familiar with the matter tell CNBC.

The people requested anonymity because the talks are confidential.

Total System’s stock skyrocketed after the CNBC report. In early afternoon, it was up nearly 14%; Global Payments stock gained 3.4%.

Global Payments declined to comment, while Total System Services did not respond to a request for comment.

Shares of Columbus, Georgia-based Total System Services, commonly known as TSYS, are up to 23% year to date, giving the company a market capitalization of $17.6 billion. Atlanta-based Global Payments has traded up 45% during the same period and holds a current market capitalization of $23.3 billion.

The combined company plans to refinance. Bank of America will lead the refinance and is advising Global Payments on the deal. A Bank of America spokesman declined to comment.

The deal would mark the latest in a flurry of activity in the payment technology space. Financial technology provider Fiserv announced plans in January to buy payment processor First Data in a deal worth $22 billion. In March, fintech group Fidelity National Information Services announced plans to buy Worldpay for roughly $35 billion.

The consolidation comes as established financial companies seek to compete with new technology players, like Square and PayPal, which offer technology driven services. Last year, VC funding for payments and processing grew to a total $4.4 billion — a 46% increase from a year earlier, according to PitchBook.

Global Payments and TSYS have been active acquirers in recent years — looking to build up in-house technology and expand their customer bases.

TSYS bought small business solution payment company iMobile3 last year and merchant payment company TransFirst in 2016.

Global Payments announced plans to buy Heartland Payment Systems for roughly $4.3 billion in 2015 and restaurant payment technology company SICOM Systems for $415 million in 2018.

Bloomberg reported that Global Payments and Total System Services were in preliminary deal talks on Thursday.

WATCH: Cramer talked to Global Payments CEO last May


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: alex sherman hugh son lauren hirsch, alex sherman, hugh son, lauren hirsch
Keywords: news, cnbc, companies, services, technology, deal, system, payment, global, billion, roughly, total, nearing, latest, fintech, company, payments


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Here are the highest-paying companies in the UK this year, according to Glassdoor

To compile, Glassdoor analyzed median total compensation packages published on its site for various companies — including base salary and other types of compensation — from reports by U.K.-based employees. Here are the 25 highest-paying businesses in the U.K. (figures used are the median total compensations, per year):Top 25 highest-paying businesses:10. On Glassdoor, employees praise the group’s motivational mission and culture, while over 90% of British Googlers would recommend it to friends.


To compile, Glassdoor analyzed median total compensation packages published on its site for various companies — including base salary and other types of compensation — from reports by U.K.-based employees. Here are the 25 highest-paying businesses in the U.K. (figures used are the median total compensations, per year):Top 25 highest-paying businesses:10. On Glassdoor, employees praise the group’s motivational mission and culture, while over 90% of British Googlers would recommend it to friends.
Here are the highest-paying companies in the UK this year, according to Glassdoor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-23  Authors: alexandra gibbs
Keywords: news, cnbc, companies, compensation, highestpaying, total, uk, base, reviews, glassdoor, including, working, employees, according, companies, salary


Here are the highest-paying companies in the UK this year, according to Glassdoor

For Britons looking to secure their next job, it might be worth considering a career in finance or technology, as that’s where the large salaries and bonuses are, according to new research. In Glassdoor’s latest U.K. list of highest-paying companies, U.S. tech firms and European lenders heavily populate the rankings, with banks securing three of the top five spots. “It is no surprise that multinational tech and finance firms dominate the list, given that both industries compete fiercely for talent,” said John Lamphiere, EMEA Managing Director at Glassdoor, in a statement. “While salary and bonuses might get people in the door, it is more likely to be culture and career progression that help people stick around in the long term.” To compile, Glassdoor analyzed median total compensation packages published on its site for various companies — including base salary and other types of compensation — from reports by U.K.-based employees. To be eligible, a business had to have received at least 30 salary reports by U.K. workers during March 2018 and February 2019. Here are the 25 highest-paying businesses in the U.K. (figures used are the median total compensations, per year):

Top 25 highest-paying businesses:

10. Google

Median Total Compensation: £78,000

Median Base Salary: £62,500 With offices located in Manchester and London, Google also has a Campus space in the English capital, for up-and-coming start-ups and entrepreneurs. On Glassdoor, employees praise the group’s motivational mission and culture, while over 90% of British Googlers would recommend it to friends.

Google signage. NurPhoto | Getty Images

9. UBS

Median Total Compensation: £79,000

Median Base Salary: £75,000 UBS currently operates in over 50 nations, with over half of its 68,000-plus employees working in the EMEA region and its home market of Switzerland. With a desire to encourage internal mobility within its workforce, UBS has an eponymous university, where staff can access leadership programs and over 2,400 trainings. Regarding advice to employees, CEO Sergio Ermotti says that it’s now more important than ever to adapt and be flexible, so staff can acclimatize to new developments.

8. Oracle

Median Total Compensation: £80,000

Median Base Salary: £66,250 When it comes to hiring, Oracle has 10 values that it encourages its employees to abide by, including striving for excellence, treating others fairly and respectfully, and always seeking to innovate. Yet that’s not all. The company aspires to encourage workers to undertake volunteering opportunities, while projecting a business that promotes sustainability, education and giving back — with Oracle donating millions to charity every year.

7. Dell

Median Total Compensation: £84,825

Median Base Salary: £62,500 The computer tech giant is located in several U.K. places, including Belfast, Bracknell and Edinburgh; in addition to offering flexible working opportunities. Aside from flexibility, on its reviews page, staff praise Dell’s learning opportunities and people they work with, while others do warn that it’s a fast-moving environment.

Visitors walks around the Dell stand at the world’s biggest high-tech fair, the CeBIT on March 4, 2010 in the northern German city of Hanover. NIGEL TREBLIN | DDP | Getty Images

6. Salesforce

Median Total Compensation: £85,000

Median Base Salary: £66,806 At the heart of this software behemoth is Salesforce’s “Ohana ” culture, which is propped up by four values: trust, innovation, equality and growth. With around 30,000 employees, Salesforce is able to support over 150,000 businesses, including Schneider Electric and T-Mobile. In Glassdoor’s 2019 “Top Companies” rankings, Salesforce came in fifth place in Britain. Employee reviews indicate that it offers a strong working environment, with attentive senior management and opportunities for those who want to flourish.

5. Standard Chartered

Median Total Compensation: £85,000

Median Base Salary: £76,000 When it comes to the stock market world, Standard Chartered is considered as one of the top 100 largest businesses currently listed on the London Stock Exchange and is also registered on two of Asia’s biggest exchanges. With over 1,000 branches worldwide and its footprint present in 60 markets, the lender has hired more than 86,000 people to keep business afloat. Regarding benefits, not only are there competitive salaries, staff get perks like retirement savings, life insurance and volunteering leave.

4. Facebook

Median Total Compensation: £89,000

Median Base Salary: £74,000 Despite the social media giant’s turbulent past year, regarding user data and misinformation, Facebook still ranks highly on Glassdoor’s U.K. salary ranking. According to the recruiter, the average Brit receives a total salary and bonus package of £89,000, on top of benefits like competitive retirement plans and various training programs. Reviews on Glassdoor suggest that Facebook’s offices are well-designed and equipped, while others note that it’s a very hardworking, competitive environment.

The Facebook logo is seen on an Apple iPhone. Jaap Arriens | NurPhoto | Getty Images

3. Deutsche Bank

Median Total Compensation: £89,500

Median Base Salary: £80,000 While Deutsche Bank has been dealing with various issues in recent years — like management reshuffles, merger speculation and DOJ settlements — the bank is a top performer in U.K. salary offerings. Ranking third, with an average total compensation package of £89,500, the German lender offers a range of roles, including those in legal, marketing, and technology. Reviews on Glassdoor indicate that Deutsche Bank provides decent benefits and work-life balance, while some U.K. workers suggest that securing a pay rise can take time.

2. SAP

Median Total Compensation: £90,000

Median Base Salary: £66,000 U.S. companies may dominate the top 10 on the tech side, yet it seems that a German software business has emerged victorious when it comes to salaries. SAP operates in over 130 countries and looks for self-motivated, reliable individuals who “think big and dream big.” In return, SAP offers benefits like health care coverage, flexible working and volunteer opportunities, all whilst investing millions in career development. On top of that, it made a frequent appearance on Glassdoor’s “Top Companies” lists of 2019, with SAP placing eighth in Britain’s ranking.

1. Credit Suisse

Median Total Compensation: £90,000

Median Base Salary: £82,000 As a major wealth manager, Switzerland’s Credit Suisse is a firm favorite when it comes to U.K. wages. According to Glassdoor, the median total compensation package for a typical Credit Suisse employee in Britain comes in at £90,000, matching SAP, but with a higher base salary average. With a global workforce of over 45,000, Credit Suisse states that its “most important asset ” is its employees and their success. On Glassdoor, U.K. employee reviews indicate that the bank offers a great culture with friendly, engaged employees, along with various benefits including flexible working and health care.

Credit Suisse Stefano Rellandini | Reuters


Company: cnbc, Activity: cnbc, Date: 2019-05-23  Authors: alexandra gibbs
Keywords: news, cnbc, companies, compensation, highestpaying, total, uk, base, reviews, glassdoor, including, working, employees, according, companies, salary


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