The retaliatory measures followed Trump's controversial move to order the withdrawal of all U.S. troops from Syria's northern border with Turkey.Politicsread more
Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not.2020 Electionsread more
As the season kicks into gear this week, S&P 500 firms are expected to report a 4.6% earnings decline over the same period a year agoEarningsread more
"I think that may have scared the Chinese that they were going to get into a serious trade war with access to our capital markets being cut off, among other things," Michael...China Politicsread more
David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.Marketsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Wall Street analysts estimate GM has lost more than $1 billion due to the United Auto Workers' strike, which began Sept. 16.Autosread more
Top financial companies will mark the unofficial start of earnings season with their reports this week, and experts are offering several recommendations for trading the moves.ETF Edgeread more
The indexes traded in a tight range as investors looked ahead to the start of the earnings season while grappling with new worries over trade.Marketsread more
The union that represents Southwest Airlines pilots don't expect the grounded Boeing 737 Max to return until at least February, about a month later than the airline expects.Airlinesread more
Check out the companies making headlines in midday trading:Market Insiderread more
options@ (In paragraph 8 of story published on Tuesday, adds dropped time reference in earnings comparison)
Aug 6 (Reuters) - Zagg Inc, a U.S. manufacturer of protective cases for smartphones and tablets, said on Tuesday it had retained Bank of America Corp to explore "strategic alternatives to maximize shareholder value."
Reuters reported earlier on Tuesday that Zagg had hired a financial adviser to weigh a sale of the company following acquisition interest from private equity firms.
"We do not expect to comment further on this process until we have made a decision and are prepared to announce its final outcome," Zagg CEO Chris Ahern said in a statement.
The Salt Lake City-based company has become a takeover target amid softer demand for smartphones and U.S. tariffs on Chinese goods that have hit its supply chain. Its shares have lost close to three-fourths of their value since their peak in November 2017.
Zagg shares ended trading on Tuesday up 15.1% to $6.94 after Reuters reported on the sale deliberations, giving the company a market value of $202 million.
Zagg makes various accessories for electronics, including Gear4 smartphone cases, Braven headphones, and Mophie battery phone cases. Its products are distributed via Best Buy, Verizon, AT&T, Sprint, T-Mobile, Walmart, Target, and Amazon.com.
Last month, Zagg announced the resignation of its president, Brian Stech. Ahern became CEO last year.
Zagg also reported second-quarter earnings on Tuesday, posting a net loss of $5.3 million compared to net income of $3.2 million in the second quarter of 2018. It blamed the decline in consumer demand for smartphone devices.
Zagg also announced operational restructuring initiatives to improve its profitability, including a 10% cut in its global headcount and a crackdown on discretionary expenses. (Reporting by Greg Roumeliotis in New York Editing by Jonathan Oatis, Matthew Lewis and Sonya Hepinstall)