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Market Pulse

  • Fox, Blackstone may launch joint bid for Tribune Media: report

    Rupert Murdoch's 21st Century Fox and private equity firm Blackstone Group are in talks to form a joint bid to buy Tribune Media Co., according to a report by the Financial Times late Sunday. Their effort would compete with a bid by Sinclair Broadcast Group Inc. , which...

  • North Korea's latest ballistic missile launch failed: report

    North Korea fired another ballistic missile early Saturday local time that appears to have failed, South Korea's Yonhap News Agency reported citing the Republic of Korea Joint Chiefs of Staff. The missile test comes amid heightened tensions on the Korean Peninsula with North Korea pursuing the development of intercontinental ballistic...

  • Fitbit: 'External forces' caused alleged Flex 2 explosion

    Fitbit Inc. said Friday an initial investigation into a Fitbit Flex 2 that allegedly exploded on a wearer's wrist concluded that the company's device didn't malfunction, and that testing showed "external forces" had caused the damage. "We have not received any other complaints of this nature and we want...

  • Apple asks California regulators to change self-driving car policy: Report

    Apple Inc. has asked California regulators to make changes in the state's proposed policies on self-driving cars, according to a Reuters report Friday that cited a letter from the company. The company earlier this month joined a growing list of tech companies, car makers, and other ventures racing todevelop...

  • Smart Global Holdings files for initial public offering

    Smart Global Holdings Inc. on Friday filed a prospectus with the Securities and Exchange Commission for an initial public offering. The specialty memory chip company reported a loss of 13 cents a share and revenue of $331.3 million during the six months ended Feb. 24. It had lost 41...

  • U.S. stocks end lower, post weekly and monthly gains

    U.S. stocks closed lower on Friday,though the main indexes posted solid weekly and monthly gains, driven by upbeat earnings. With about half of the companies on the S&P 500 having reported, more than two-thirds beat estimates by an average 5%, according to FactSet. The S&P 500 closed 4.59 points,...

  • Oil prices gain for the day, fall for the month

    Oil prices settled with a modest gain on Friday, but fell for the month. Traders continued to weigh bullish prospects for an extension to the Organization of the Petroleum Exporting Countries production-cut deal against a bearish climb in U.S. output. June WTI crude rose 36 cents, or 0.7%, to...

  • Gold prices gain for the month, but fall for the week

    Gold prices climbed on Friday, raising their monthly gain to roughly 1.3%, as weaker-than-expected first-quarter U.S. economic growth weighed on the dollar. Prices, however, ended the week about 1.6% lower as a rise in global equities from last Friday helped to dull safe-haven investment demand for the metal. June gold...

  • Baker Hughes data show U.S. oil-rig count up a 15th week in a row

    Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by nine to 697 rigs this week. That marks a 15th weekly climb in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, also climbed by 13 to...

  • Cloudera opens above issue price gaining market cap of $2.28 billion

    Shares of Cloudera Inc. opened at $17.80 Friday morning, 19% above the company's issue price, in the software company's debut on the New York Stock Exchange. The company sold 15 million shares at $15 each to raise $225 million. Though it priced above its range, Cloudera's issue price still...