The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
(Adds detail on acquisition target, analyst comment)
June 6 (Reuters) - Alphabet Inc's Google said on Thursday it would buy Looker, a big-data analytics company, for $2.6 billion in cash, in the first major acquisition for new Google Cloud Chief Executive Thomas Kurian.
The deal builds on an existing partnership where the two companies share more than 350 customers, including BuzzFeed, Hearst and Yahoo, Google said https://abc.xyz/investor/news/releases/2019/0606 in a statement.
Looker provides a visualization tool that helps customers spot trends and draw other lessons from their data. It competes with tools such as Tableau and Microsoft Corp's Power BI.
"This is a true built-for-cloud visualization tool, and it signals Google Cloud is serious about making acquisitions," said Ray Wang, a cloud industry analyst at Constellation Research.
Alphabet shares were down 0.6 percent in early trading. (Reporting by Arjun Panchadar in Bengaluru Editing by Saumyadeb Chakrabarty and Nick Zieminski)