Zoom Buying Five9 in $14.7B All-Stock Transaction
Videoconferencing service Zoom is buying the cloud call center company Five9 in an all-stock deal valued at about $14.7 billion.
Videoconferencing service Zoom is buying the cloud call center company Five9 in an all-stock deal valued at about $14.7 billion.
With the U.S. economy humming, corporate profits flowing and stock prices peaking, investors on Wall Street are beginning to pose an anxious question: Is it all downhill from here.
A special-purpose acquisition company run by billionaire Bill Ackman’s Pershing Square is stepping away from a deal to buy a 10% stake in Universal Music Group, citing questions from the Securities and Exchange Commission.
Low mortgage rates and a severe shortage of previously occupied U.S. homes on the market have helped stoke demand for new homes this year, but supply chain problems and rising costs for building materials and labor have been a drag on the industry.
U.S. factory output slid last month as a shortage of computer chips disrupted auto production.
UnitedHealth Group is boosting its full-year outlook again after a surprisingly strong second quarter despite sustained, elevated spending tied to the pandemic.
The U.S. government is starting to deposit child tax credit money into the accounts of more than 35 million families.
TSMC, the biggest contract manufacturer of processor chips for Apple Inc. and other global brands, says its latest quarterly profit rose 11.2% over a year earlier to $4.8 billion as demand for smartphones and consumer electronics increased.
As Congress eyes an infrastructure package, a coalition of transportation agencies and Amtrak has released a 15-year plan of rail improvements for the congested Northeast Corridor.
American Airlines says it will come in around break-even for the second quarter, thanks to more than $1 billion in federal pandemic relief.