The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Jefferies believes Madison Square Garden’s proposal to spinoff its sports teams into a separate stock will increase shareholder value.
The firm raised its rating for the company’s shares to buy from hold on Wednesday, citing the rising value of the New York Knicks and Rangers.
“MSG possesses a collection of unique, world class sports and entertainment assets which are largely underappreciated by investors. As MSG intends to separate the Sports and Entertainment businesses in a tax-free spin, we expect the discount to fair value to narrow and shares to better reflect the considerable instrinsic value of the assets,” analyst John Janedis said in the note to clients. “The last several transactions across the major sports leagues highlight the value of these scarce assets, underscored by multiple expansion. With broadcast rights expected to rise upon renewal, and appealing international growth prospects for the NBA, we expect team values to continue to rise.”
On Wednesday Madison Square Garden Company announced it would explore a possible spinoff to create a separate, public company for its sports franchises, including the New York Knicks and New York Rangers.