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Kavanaugh accuser Ford accepts request to give Judiciary Committee testimony next week though details require negotiationExternal Link

Lawyers for Dr. Christine Blasey Ford, the college professor who has accused Supreme Court nominee Brett Kavanaugh of a sexual assault when they were in high school, told Senate Judiciary Committee staff on Saturday that Ford "accepts" the request to give information to the panel next week about the alleged incident. Other details for any appearance and its specific day and time still need to be worked out. The response from the lawyers said that "many aspects" of an earlier proposal by the Judiciary panel, chaired by Iowa Republican Chuck Grassley, were "fundamentally inconsistent with the Committee's promise of a fair, impartial investigation into her allegations." They also wrote that while "we are disappointed with the leaks and the bullying that have tainted the process, we are hopeful that we can reach agreement on details," according to the Wall Street Journal. The panel had proposed holding a hearing next Wednesday in which it would hear testimony from both Kavanaugh and Ford. Kavanaugh has denied the sexual assault allegation. The office of Utah Republican Sen. Orrin Hatch tweeted, "Worth noting that this is exactly where we were on Monday morning- without agreeing to a date, time, and terms we are no closer to hearing from Dr Ford then we were when her lawyers said Dr. Ford was willing to testify during their media tour 6 days ago."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Sat, 22 Sep 2018 20:06:03 GMT
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Comcast outbids Fox in a $39 billion takeover of SkyExternal Link

Comcast Corp. [S: CMCSA] topped 21st Century Fox Inc. [S:FOXA] in a weekend auction for Sky [S:SKYAY], securing the British broadcaster with a $38.8 billion bid that ends a takeover battle waging since late 2016. Comcast's offer of £17.28 of a share, or about $22.59, surpassed Fox's highest bid of £15.67 after three rounds of bidding Saturday, in a rare auction held by British regulators, according to the Wall Street Journal. The £29.7 billion pre-auction valuation was by far the highest ever for such a process in the U.K.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Sat, 22 Sep 2018 18:38:10 GMT
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Software provider Solarwinds files for IPOExternal Link

Solarwinds Corp. has filed for an initial public offering, seeking to sell up to $500 million worth of shares, according to a filing. The Austin, Texas-based IT infrastructure software provider went public in 2009, and it was acquired and taken private by private-equity firms Silver Lake Partners and Thoma Bravo seven years later. "Today, we are a very different company than we were in early 2016," having added more products recently, the company said in its prospectus. The company listed revenue of $399 million in the six months ended June 30, compared with $341 million in the same period a year ago. It lost $229 million, or $2.25 a share, in the period, compared with a loss of $176 million, or $1.75 a share, a year ago. Goldman Sachs and Morgan Stanley are among the underwriters. Solarwinds plans to trade on the New York Stock Exchange under the symbol SWI.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 21 Sep 2018 22:05:01 GMT
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Dow marks 2nd all-time high in a row but tech stocks weigh on broader marketExternal Link

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing its best weekly advance on a percentage basis since July, while the S&P 500 index logged a weekly climb of 0.8%. Investors have mostly ignored persistent evidence of escalating tensions between the U.S. and China-among other regions-on trade policy. President Donald Trump has announced nearly $500 billion in tariffs on Chinese goods this week; China retaliated with measures of its own and said it would introduce more if the U.S. tariffs take effect. Still, the week proved a banner one for the S&P 500 and Dow during a month that is meant to be traditionally weaker. Both the S&P 500 and Dow are set for sharp monthly gains, while the Nasdaq is on track for a 1.5% decline in September. In corporate news, shares of mega-capitalization companies Apple Inc. Facebook Inc. and Amazon.com Inc. ] and Google-parent Alphabet Inc. all finished sharply lower, weighing on the Nasdaq and S&P. Meanwhile, shares of Micron Technology Inc. sank a day after it reported strong quarterly results, though it gave an outlook that was below expectations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 21 Sep 2018 20:03:24 GMT
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PayPal ends 'business relationship' with Alex Jones' InfowarsExternal Link

PayPal Holdings Inc. said Friday that it was terminating its "business relationship with Infowars and its related websites." In a blog post, PayPal said that after reviewing the Infowars sites, it "found instances that promoted hate and discriminatory intolerance against certain communities and religions." The company said it is "working constantly to ensure that PayPal is not used by anyone as a platform for perpetuating hate and discriminatory intolerance" but understands that its decision will be seen as "controversial to some." PayPal shares are up 0.2% in Friday afternoon trading. The stock has gained 40% over the past 12 months, while the S&P 500 has gained 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 21 Sep 2018 19:12:40 GMT
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