DIRS.INFO The most relevant business & tech news

☆ Paramount CEO Bob Bakish: We're not seeing improvement in ad market as hoped
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParamount CEO Bob Bakish: We're not seeing improvement in ad market as hopedCNBC's David Faber discusses his recent interview with Paramount CEO Bob Bakish and his outlook on the advertising market.

☆ Disney board reached out to Iger on Friday, did not seriously consider other candidates: Sources
▼ + stars: | 2022-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney board reached out to Iger on Friday, did not seriously consider other candidates: SourcesCNBC's David Faber joins 'Squawk Box' to break down the details of Bob Iger's return to Disney as CEO.

☆ Disney board reached out to Iger on Friday following concerns over earnings
▼ + stars: | 2022-11-21 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Disney's board reached out to Bob Iger on Friday, without any other serious candidates in mind to replace Bob Chapek as CEO, CNBC's David Faber reported Monday, citing sources. The board's outreach to Iger and discussion to replace Chapek came after surging concerns crested following Disney's most recent quarterly earnings report, according to Faber's sources. While some internal candidates were identified that might be able to take the job over time, the board didn't want to put someone new in that position given all various pressures on the company, Faber reported. On Sunday, Disney said it would replace Chapek with Iger as chief executive, effective immediately. Disney reported fiscal fourth-quarter earnings earlier this month, disappointing on profit and certain key revenue segments.

☆ The big new Exxon Mobil climate change deal that got an assist from Joe Biden
▼ + stars: | 2022-11-19 | by ( Tim Mullaney | ) www.cnbc.com time to read: +7 min

The law may help oil companies like ExxonMobil build profitable businesses to replace some of the revenue and profit they'll lose as EVs proliferate. Maybe, if carbon capture and storage is indeed as big a deal as ExxonMobil's first-of-its-kind deal to extract, transport and store carbon from other companies' factories implies. Could it be that Big Oil's next big thing got a big assist from Joe Biden? An industrial facility on the Houston Ship Channel where Exxon Mobil is proposing a carbon capture and sequestration network. And big oil and gas companies are where the expertise is."

☆ John Malone: There may be opportunities for streamers to bundle
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJohn Malone: There may be opportunities for streamers to bundleCNBC's David Faber sits down with Liberty Media Chairman John Malone to discuss streaming platforms, the possibility of consolidation, and subscriber attitudes toward ads.

☆ Liberty Media Chairman John Malone: There is enormous market power in sports
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLiberty Media Chairman John Malone: There is enormous market power in sportsCNBC's David Faber sits down with Liberty Media Chairman John Malone on the company's investor day to discuss his outlook on streaming and sports entertainment.

☆ Warner Bros. Discovery business is a long-term game, says Liberty Media Chairman John Malone
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarner Bros. Discovery business is a long-term game, says Liberty Media Chairman John MaloneCNBC's David Faber sits down with Liberty Media Chairman John Malone on the company's investor day to discuss his stake in Warner Bros.

☆ Demand for Taylor Swift concert tickets exceeded every expectation, says Liberty Media CEO
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand for Taylor Swift concert tickets exceeded every expectation, says Liberty Media CEOLiberty Media CEO Greg Maffei sits down with CNBC's David Faber at the company's annual investor day to discuss why the company plans to split off the Atlanta Braves and the overwhelming demand for Taylor Swift concert tickets on Live Nation.

☆ A dramatically slower ad market is ahead, says Liberty Media Chairman John Malone
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA dramatically slower ad market is ahead, says Liberty Media Chairman John MaloneCNBC's David Faber joins 'Squawk on the Street' to talk with John Malone, Liberty Media Chairman, to discuss forecasts for the ad market in 2023, the main factors contributing to a strain in ad spending, and the sectors predicted to be most impacted.

☆ John Malone says he's skeptical of ad-supported content as Netflix, Disney roll out ad tiers
▼ + stars: | 2022-11-17 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Liberty Media Chairman John Malone told CNBC he's doubtful that adding commercials to long-form streaming content would help media companies be successful in the long run. Malone thinks that the important ingredient in achieving profitability is for streamers to move users from lower-priced tiers to higher-priced ones. The media magnate said Apple is focused on maintaining its high quality brand, while Amazon is still figuring out the optimum role that it can play as a bundler and as a promoter. But they want to make sure it doesn't damage their extremely high quality brand," Malone said. They're trying sports, they're trying content, they're trying ad supported content."

☆ Alphabet must cut headcount and trim costs, activist investor TCI says
▼ + stars: | 2022-11-15 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

TCI's stake represents 0.27% of outstanding Alphabet shares, according to Factset data, a position that the hedge fund has steadily accumulated since 2017. TCI noted that headcount has "increased at an annual rate of 20% since 2017," the year that TCI first disclosed their Alphabet position. TCI argued for an increase in share buybacks and the establishment of an EBIT margin target for Google Services. Significantly, TCI argued that Google's "Other Bets" category – their Moonshot division – demanded immediate attention, singling out self-driving vertical Waymo as a unit that failed to justify "its excessive investment." Alphabet shares are down more than 30% year-to-date.

☆ Chase Coleman's Tiger Global adds to oversized bets on software and Big Tech stocks
▼ + stars: | 2022-11-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Chase Coleman's Tiger Global Management continued to grow positions in software and Big Tech during the third quarter after a rough start to the year, according to securities filings. The fund also added significantly to several positions during the third quarter, including Alphabet , DataDog , Workday and Li Auto . Tiger has nearly $11 billion in long equity positions, according to a CNBC calculation. Tech stocks struggled again during the third quarter, with the iShares U.S. Technology ETF falling 8.2%. Tiger's notable exits during the quarter included ProCore Technologies , XPeng , Monday.com and 1Life Healthcare .

☆ Altice shares under pressure following earnings, holds $24 billion in debt
▼ + stars: | 2022-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAltice shares under pressure following earnings, holds $24 billion in debtCNBC's David Faber and the 'Squawk on the Street' team discuss shares of Altice, which were under pressure on Thursday morning following the company's latest earnings report.

☆ These are the Dow stocks you want to own the most if the Fed sparks a risk-on rally
▼ + stars: | 2022-11-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Beaten-down stocks could be the big beneficiaries of a potential Federal Reserve-fueled rally this week. It would be the Fed 's fourth straight 0.75 percentage point increase in its campaign to tame inflation. Instead, investors will focus on what Fed Chair Jerome Powell may signal about future rate increases on Wednesday. Any signs that the Fed will slow the pace of tightening could ease investors' fears of a recession and result in a risk-on rally. The iPhone maker is down 13.3% so far this year, far less than other hard-hit tech stocks.

[Editor's note: After CNBC published details of an interview with people who claimed to be fired employees of Twitter, several reports emerged suggesting it was a hoax. On Elon Musk's first day in control of Twitter , a person who walked out of the company's San Francisco headquarters and identified themselves as a data engineer there said they were just laid off. One employee at Twitter, awaiting information about layoffs or projects, told CNBC they were in the dark for the most part. Twitter has denied that and went to court to try to get Musk to complete the deal. The judge gave Musk until Friday at 5 p.m. to close the deal, or else set a new trial date.

☆ Firms furiously seek to raise equity for Elon Musk's Twitter deal
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirms furiously seek to raise equity for Elon Musk's Twitter dealCNBC's David Faber breaks down Elon Musk's latest efforts to fund his deal to buy social media giant Twitter.

☆ What Cramer is watching Tuesday — J&J beat, Salesforce gets an activist, stocks surge
▼ + stars: | 2022-10-18 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

What I am looking at Tuesday, Oct. 18, 2022 Club holding Johnson & Johnson (JNJ) reports an impressive quarter. Activist investor Starboard takes a major stake in Club holding Salesforce (CRM), sees significant opportunity. Club holding Microsoft (MSFT) cuts people, continues to invest, but calls for slowest quarterly revenue growth in more than five years. Barclays cuts price target on Charles Schwab (SCHW) to $73 per share from $81. Barclays cuts price target on Unity Software (U) to $33 per share from $49.

☆ An activist investor's profit-focused push at Salesforce is good news for shareholders
▼ + stars: | 2022-10-18 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

An activist investor we respect has taken a notable stake in Club holding Salesforce (CRM), sending shares higher by more than 4% on Tuesday. Rather, we're pleased with Starboard's activist campaign because its goal — creating more value through improved profitability — is good for shareholders. ... For the quality of the business, for their growth opportunity of the business, for the margin opportunity of this business, this is why we get excited about it." Smith added that he's been in contact with Salesforce management since Starboard took its stake and has had "good dialogue with them." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Activist investor Starboard takes stake in Salesforce
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActivist investor Starboard takes stake in SalesforceCNBC's David Faber joins 'Squawk Box' to report on Starboard's taking a stake in Salesforce.

☆ Activist investor Starboard reveals stake in Salesforce, sees significant opportunity
▼ + stars: | 2022-10-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John's International Inc.Starboard Value LP has taken a stake in Salesforce, with founder Jeff Smith saying a significant opportunity remains in the enterprise software maker, according to CNBC's David Faber. Smith told Faber the stake is significant without specifying the dollar amount. Smith added that the software company is not generating meaningful operating leverage relative to peers in recent years. The Starboard CEO will be on CNBC at 10:15 a.m. Starboard Value manages about $6.2 billion in assets, according to filings through the first quarter of 2020.

☆ Dan Loeb's Third Point builds stake in Colgate, sees value in pet food business in potential spinoff
▼ + stars: | 2022-10-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Dan Loeb's Third Point has built a sizeable stake in consumer giant Colgate-Palmolive , according to CNBC's David Faber. Loeb sees hidden value in Colgate's subsidiary Hill's Pet Nutrition, a pet food company, if it were spun off. Colgate has been investing behind its pet food business, its fastest growing unit. The activist and hedge fund manager added that consolidation in the consumer health sector point to more opportunities for Colgate. Loeb said Colgate could become part of the current M&A "minuet" in consumer health.

☆ Impactive's Lauren Taylor Wolfe says this misunderstood company is benefiting from the EV trend
▼ + stars: | 2022-10-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Impactive Capital's Lauren Taylor Wolfe sees value in payments company WEX , saying investors are misjudging its role in the electric vehicle trend. WEX is a payments provider for corporate vehicle fleets. While its shares are outperforming the market with a 1% gain on the year, Impactive's co-founder and managing partner said the company is still undervalued. Wolfe said the market perceives that the current EV acceleration means lower revenue to be generated from WEX's fleet segment, which drives 60% of earnings. Last year, WEX announced a partnership with EV-charging network company ChargePoint to provide integration of EV charging for mixed fleets that include internal combustion engine vehicles.

☆ Fox and News Corp. weigh merger after decade-long split
▼ + stars: | 2022-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFox and News Corp. weigh merger after decade-long splitCNBC's David Faber reports on news from two media giants.

☆ Kroger in talks to buy Albertsons, sources tell CNBC
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger in talks to buy Albertsons, sources tell CNBCCNBC's David Faber reports on a potential deal and ongoing talks between Kroger and Albertsons, according to sources. The companies may agree to a deal as soon as this week, but it is not final, sources told CNBC's David Faber.

☆ Exxon Mobil signs first carbon capture deal with CF Industries
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil signs first carbon capture deal with CF IndustriesExxon Mobil's Dan Ammann joins CNBC's David Faber to discuss the company's first carbon capture deal with CF Industries Holdings.

Search resuls for: "CNBC'S David Faber"

25 mentions found