Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation. Shares of the company surged 22% in pre-market trading on Monday. They were down more than 17% this year through to…
Blue Label Telecoms co-CEOs Mark and Brett Levy. JSE-listed company Blue Label Telecoms is looking to change its name. In a statement to shareholders today, the company advised that, subject to receipt of the requisite shareholder approval, the board of directors of Blue Label proposes to change the company’s name from “Blue Label Telecoms” to…
The Defense Department will become the largest shareholder in rare earth miner MP Materials after agreeing to buy $400 million of its preferred stock, the company said Thursday. MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California, about 60 miles outside Las Vegas. Proceeds from the Pentagon investment…
