China says ‘it is only polite to reciprocate’ to US tariffs

FAN Editor

China on Tuesday condemned the U.S. announcement of tariffs on $50 billion worth of Chinese imports and said it would “take corresponding measures of equal scale and strength against U.S. products.” “The Chinese side strongly condemns and firmly opposes the unfounded Section 301 investigation and the proposed list of products […]

Cloudera stock plummets after posting weak guidance

FAN Editor

Cloudera stock fell more than 25 percent after the company posted guidance that fell below analysts’ expectations. But for the fourth quarter of Cloudera’s 2018 fiscal year, which ended Jan. 31, the company did beat estimates. – Earnings: Loss of 10 cents per share, excluding certain items, vs. 23 cents […]

CBS submits below market value bid for Viacom: Sources

FAN Editor

CBS has submitted a bid for Viacom that is below market value, sources familiar with the situation said. The CBS special committee wants CBS CEO Les Moonves and Joe Ianniello, the chief operating officer of CBS, to lead the company, the sources said. Viacom‘s class B shares closed Tuesday down […]