Anglo American to buy fertilizer maker Sirius Minerals.
20 January 2020, 07:29 UTC.
(Reuters) - Anglo American <AAL.L> said on Monday it agreed to buy Sirius Minerals <SXX.L> for 404.9 million pounds ($526.2 million) in cash, marking the global miner's return to fertilizer.
Sirius shareholders will receive 5.50 pence per share in cash, a 34.1% premium to the closing price on Jan. 7, the day before Anglo American said it was in talks to buy the fertilizer company.
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The company has undergone tremendous change since the launch of its first iPhone product in 2007 and became the first $1 trillion company in the U.S. in 2018. Apple is a truly global business, with 45% of fiscal 2019's sales coming from the Americas, 23% from Europe and 32% from the Asia Pacific. In 2019, Interbrand ranked Apple as the number one global brand, the total value of which exceeded $234 billion, compared with $167 billion for Alphabet's Google (NASDAQ:GOOG) (NASDAQ:GOOGL), $125 billion for Amazon (NASDAQ:AMZN) and $108 billion for Microsoft (NASDAQ:MSFT). Smartphones and computers are perfect examples of that category. As of the last fiscal year, services revenue accounted for less than 18% of the total base at Apple.
Facebook's Making a Big Change to Its Plans to Monetize WhatsApp | NASDAQ. The company is still holding the potential for ads in Status in its back pocket, but there's no longer a timeline for the feature's release. After acquiring the messaging app for $19 billion in 2014, investors may be wondering how Facebook plans to make money from the service now that it's grown to over 1.5 billion users. Instagram is a place where users practically broadcast their interests. And while Facebook may be able to use existing user data from its other apps for some, many WhatsApp users haven't connected their Facebook accounts to their WhatsApp accounts. So, the potential for WhatsApp Status ads might not be too high -- maybe $1 billion or $2 billion in annual revenue built up over the next few years.
Why I Like the Alphabet, Fitbit Deal. When Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) first announced it was acquiring Fitbit (NYSE:FIT), I was excited to look at the deal. But it did not look good to me because of the small spread, only 1.9%, between the offer and Fitbit's share price. I also viewed it as a merger that could attract a lot of negative media attention because of both companies' reputation for data collection. The table below shows part of my dashboard, where I track most merger and acquisition deals that are ongoing, if you look at expected annualized return that's close to 20%. I do agree there's a risk as regulators are scrutinizing this deal, according to Reuters. However, this is clearly reflected in the near 20% spread.
Instead of using a retro-style astrovan, SpaceX crews will travel to the launch pad in Tesla sports cars. Elon Musk, who also runs both SpaceX and the electric car company, used Teslas to get around Kennedy Space Center for Sunday's launch escape test. No one was aboard for the test flight, just two mannequins. But during a launch dress rehearsal Friday, the two NASA astronauts assigned to the first SpaceX crew got a lift to the pad in a Tesla Model X. The sleek white and black spacesuits worn by astronauts Doug Hurley and Robert Behnken for Friday's practice matched the white Tesla roadster with wing-like doors waiting for them outside Kennedy's crew quarters.
Tesla moves a step closer to opening first European factory with German property deal. (Reuters) - U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday. The U.S. carmaker last November announced plans to build a giant factory in Gruenheide, in the eastern German state of Brandenburg, giving it the coveted "Made in Germany" label just as local rivals prepare to launch competing models. Tesla's board of directors approved a purchase agreement with the state of Brandenburg on Saturday to acquire a 300-hectare property, Brandenburg government spokesman Florian Engels said in a statement.
In other words, advertisers won't be able to see all the websites you've visited before, nor know about any links you've clicked using Chrome. Privacy hounds cheered the decision as a victory, while some Alphabet shareholders worried the change could bite into Google's bread and butter business. Chrome is the browser of choice on about two-thirds of the world's conventional computers, and the preferred means of connecting to the web with more than 60% of the world's mobile devices. If Google's core product -- highly detailed data about an individual's internet history -- no longer exists, the company suddenly faces an uphill battle. It is a unique identifier of all the web traffic coming and going from your modem, but IP addresses can, and do, change on a pretty regular basis. As soon as you or your ISP create a new one, you've effectively been given a new digital identification that advertisers have never seen.
Gould Asset Management LLC CA lessened its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. A number of other institutional investors also recently bought and sold shares of GOOGL. Stifel Nicolaus upgraded Alphabet from a “hold” rating to a “buy” rating and raised their target price for the company from $1,325.00 to $1,525.00 in a report on Thursday, December 5th. During the same quarter last year, the firm posted $13.06 earnings per share. As a group, equities analysts predict that Alphabet Inc will post 49.03 earnings per share for the current year.
BOSTON (AP) - Facebook must turn over information to the Massachusetts attorney general’s office regarding thousands of apps that the social media company suspects of misusing users’ data, a judge decided. The order issued by Suffolk Superior Court Judge Brian Davis on Friday stated that Facebook has refused to turn over information about specific apps, groups of apps and developers that the platform has flagged as potentially problematic or worthy of further examination. Massachusetts Attorney General Maura Healey launched an investigation in March 2018 following revelations that data mining firm Cambridge Analytica used ill-gotten data from millions of Facebook users through an app, then used the data to try to influence U.S. elections. In response to the scandal, Facebook began looking into the apps that have access to its users’ data.
Today, Pilbara shares will cost you just 38 cents each (at the time of writing), but back in January 2018, the same shares would have set you back $1.20. Unfortunately for anyone who bought Galaxy shares in that same January for $4.24, the price you’d be looking at selling today (if one was so inclined) would be $1.24. In addition, lithium-ion batteries and energy storage are often touted as potentially playing a significant role in the electricity market of tomorrow by reducing the need for base-load coal-fired power plants. But you wouldn’t think that from looking at the Pilbara and Galaxy share prices. What’s next for lithium? But perhaps there’s a light at the end of the tunnel. Tesla shares have rocketed recently as the new factory opened and concerns about the company’s viability have faded. As demand for both lithium and cobalt is likely to accelerate in tandem with growing viability and production of electric vehicles, it makes sense that Tesla is locking in supply contracts.