Telstra has backed away from claims it has been hit by a cyber attack, after initially saying outages to its internet services had been caused by a third party.
The telco initially said a widespread internet outage was believed to have been caused by a denial of service (DoS) cyber attack, causing significant disruption.
On Twitter, it said home internet connections, including NBN, had been affected.
Telstra said it was working to address the significant internet outage, which had impacted la…
Teladoc Health Merging with Livongo Health in Deal Worth $18.5 Billion – Motley Fool
The largest U.S. telemedicine provider will acquire the leading applied health signals company for a combination of cash and stock.
The virtual care field got a little smaller on Wednesday morning. Teladoc Health(NYSE:TDOC) will acquire Livongo Health(NASDAQ:LVGO) for a combination of cash and stock that adds up to $18.5 billion based on Teladoc’s closing price on Tuesday.
Under the terms of the deal, which has been approved by both company’s boards, investors will receive 0.592 shares of Teladoc Health plus $11.33 in cash for each share of Livongo they hold. Once the acquisition is complete, Livongo’s former shareholders w…
Virgin Atlantic files for bankruptcy protection as airline woes mount – CBS News
Carrier is the second linked to Richard Branson to seek a court’s relief from its debts because of the coronavirus.
Virgin Atlantic, the European carrier founded by British entrepreneur Richard Branson, on Tuesday filed for debt relief in the U.S. as the toll of the coronavirus on the airline industry continued to mount.
The company said it is not technically bankrupt and that it plans to continue to operate as it restructures, a process it hopes to complete by the end of September. Still, Virgin Atlantic said in a court filing that it will run out of cash and have to shut down by the end of the month if it …
Major banks say to buy Nikola on the dip, citing confusion over the quarterly results – CNBC
The Street reacts to Nikola’s first quarterly report as a public company.
(This story is for CNBC PRO subscribers only.)
Investors are selling shares of Nikola following the company’s first quarterly report as a public company, but major Wall Street firms think the stock is still a buy, and that the sell-off offers an attractive entry point.
The stock fell more than 15% during early trading on Wednesday.
“There are catalysts immediately ahead, and we therefore recommend accumulating shares in NKLA,” said JPMorgan, while Deutsche Bank said the the stock continues t…
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