EU’s New Data Rules Expected by Pivotal Research to Be Slightly Negative for Facebook, Alphabet, Snap, Twitter

EU’s New Data Rules Expected by Pivotal Research to Be Slightly Negative for Facebook, Alphabet, Snap, Twitter

The European Union’s General Data Protection Regulation set to go into effect in May was initially viewed by Pivotal Research Group as “marginally positive” for Facebook (FB) and Alphabet’s (GOOGL) Google, but the firm said in a Monday note that after further research, it now views the new regulation “slightly negatively” for the social-technology companies as well as Snap (SNAP) and Twitter (TWTR). The General Data Protection Regulation, or GDPR, […]

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China Yuchai’s LKN Investment International To Sell 60% Interest in Copthorne Hotel Qingdao for $32.5 Mln

China Yuchai’s LKN Investment International To Sell 60% Interest in Copthorne Hotel Qingdao for $32.5 Mln

China Yuchai International (CYD) said Tuesday that LKN Investment International Pte. Ltd.,a wholly-owned subsidiary of HL Global Enterprises Limited, entered into a conditional equity transaction agreement, together with a supplemental agreement, to sell its 60% equity interest in Copthorne Hotel Qingdao Co., Ltd to Qingdao Haiyi Jun Zhuo Culture Travel Property Investment Co Ltd. China Yuchai has a 48.9% equity interest in HL Global Enterprises. The consideration for the proposed […]

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MidEast Shares Mixed

MidEast Shares Mixed

Middle East shares were mixed, with Saudi stocks rising on company news. Saudi Indian Co for Cooperative Insurance (Wafa) said it had received “temporary and conditional” approval from the central bank to sell some of its professional liability insurance policies. Egypt’s index slumped after U.S. sources familiar with the matter told Reuters on Tuesday Washington had decided to deny Egypt $95.7 million in aid and to delay a further $195 […]

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Oppenheimer Raises Service Corp International Target Price

Oppenheimer Raises Service Corp International Target Price

Service International shares were higher 1% on Friday as Oppenheimer raised its price target on the stock to $39 from $37 while reiterating an outperform rating. Oppenheimer said company is “effectively leveraging its size and scale as the leader within the sizable $19 billion deathcare industry, which possesses favorable demographic tailwinds.” “As the majority of the “Silent Generation” reaches its life expectancy in coming years, we anticipate a gradual build […]

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Live Nation Entertainment Shares Rise

Live Nation Entertainment Shares Rise

Live Nation Entertainment shares rose to a new record on Thursday in the wake of reporting better-than-expected Q2 results and as the company’s TicketWeb announced the acquisition of Strobe Labs, a marketing platform giving venues and promoters a way to learn more about their fans and engage them more effectively. The financial terms of the acquisition were not disclosed. LYV was up 9% recently, in a new 52-week range between […]

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