City Veritas Financial News

05.10 / 02:27

UPS IPO Strategy Software BlackBerry performer BlackBerry plans IPO for its Internet of Things business

Morgan Stanley and Perella Weinberg Partners, and they concluded that an IPO was the best option for the IoT business, the company said. The Internet of Things market is focused on infusing online capabilities and sensors into appliances, cars and everyday items.

03.10 / 15:23

Provident CEO Accenture Healthcare track reports Brookfield Warburg Pincus buys Brookfield's global BPO firm Everise

Warburg Pincus will acquire Everise, a leading global healthcare services outsourcing company, from its existing investor Brookfield, said a company press release. Warburg Pincus’ investment values the company at around $1 billion and Brookfield will retain a minority stake. Further details of the stake buyout is not disclosed. Warburg Pincus is in advanced negotiations to acquire Everise Holdings, a Delaware-registered outsourcing company, ET first reported on 28 July. ET first reported in May on Warburg Pincus' interest in Everise.

07.09 / 03:13

CEO BlackBerry BlackBerry expects to report drop in quarterly revenue, shares dive

BlackBerry forecast a 21.4% decline in its second-quarter revenue due to weakness in the Canadian technology company's cybersecurity segment, sending its U.S.-listed shares nearly 10% lower in extended trading on Wednesday. In its preliminary results announcement for the quarter, the company said it expects revenue of about $132 million, compared with $168 million last year.

28.07 / 01:47

Provident Aware CEO Racing country exclusive Brookfield Warburg Pincus leads race for Brookfield BPO

Warburg Pincus is in advanced negotiations with Canadian investor Brookfield Asset Management Inc. to acquire Everise Holdings, a Delaware-registered outsourcing company, said three people aware of the development. The deal is expected to value Everise at $1.2-1.3 billion, they said.

19.07 / 15:23

Action Boeing IBM Stocks making the biggest moves in the premarket: IBM, NCR, Cinemark and more

Take a look at some of the biggest movers in the premarket:

22.02 / 21:41

Target Manufacturing Medtronic Stocks making the biggest moves midday: Home Depot, Tempur Sealy, SoFi, Houghton Mifflin and more

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22.02 / 16:07

COST McDonald's Action Medtronic Stocks making the biggest moves premarket: Home Depot, Macy's, Medtronic and others

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