, the owner of well-known brands like Sports Illustrated, Nine West, and Aeropostale. The asset management firm did not disclose financial details, but The Wall Street Journal reports the stake is worth about $875 million and values the company at more than $4 billion.
– The cloud data company announced a voting and standstill agreement with investor Carl Icahn, who disclosed an 18% stake in Cloudera earlier this month. Two Icahn employees have been appointed to the board of directors, with Icahn agreeing not to seek further board representation and limiting his ownership stake to no more than 20 percent.
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Global Stocks Jump, Led by China ReboundStocks across the globe rallied, with Chinese markets advancing by the most in over a month, following a roller-coaster week in which U.S.-China trade tensions shook asset prices across the board.
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European stocks set for higher open despite lingering trade concernsEuropean stocks are set to open higher on Monday following a volatile week for global markets as investors monitor escalations in the U.S.-China trade war.
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Wall Street analysts worry these stocks are caught in the deepening US-China trade warCNBC combed through Wall Street research to see which stocks would be hurt most by the ongoing US-China trade war.
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