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Company News

• Motorola Strengthens Defense Tech Portfolio With $5 Billion Silvus Acquisition

  Motorola Solutions has agreed to acquire Silvus Technologies for up to $5 billion, including $4.4 billion in cash and up to $600 million in earnouts. The acquisition aims to boost Motorola Solutions' secure communications offerings for defense and public safety by integrating Silvus' MANET technology.

  Benzinga

  Featured Companies: IYZ MSI
• Motorola Just Launched Something That Could Change How First Responders Use AI

  Motorola Solutions unveiled two new products, SVX and Assist, that combine secure voice, video, and AI capabilities to enhance first responder operations and safety. The company aims to deliver personalized, real-time insights to support critical decision-making.

  Benzinga

  Featured Companies: IYZ MSI
• AST SpaceMobile Teams Up with Vodafone For Satellite Broadband Service Across Europe

  AST SpaceMobile and Vodafone have launched a joint venture, 'SatCo', to provide satellite-based cellular broadband services across Europe. SatCo will operate as a turnkey service for mobile network operators, leveraging AST SpaceMobile's satellite technology and Vodafone's engineering expertise.

  Benzinga

  Featured Companies: ASTS UFO
• Verizon To Acquire Frontier In $20B Deal, Reaffirms FY24 Outlook

  Verizon is acquiring Frontier Communications for $20 billion, expanding its fiber and wireless services. The deal is expected to close in 18 months and achieve $500 million in annual cost synergies by year three. Verizon also reaffirmed its FY24 guidance.

  Benzinga

  Featured Companies: FYBR RSPC VZ
• Major Indexes Close In The Red, Dow Falls Below 40,000 As Investors Make U-Turn On Economic Outlook

  Major U.S. equity indexes ended Thursday’s session on a weaker note as investors reconsidered the economic outlook in light of the latest batch of contrasting data. Both the S&P 500 and the Nasdaq 100 fell by 0.2%, closing at 5,297 points and 18,557 points, respectively. The Dow Jones Industrial Average, which surpassed the 40,000 mark during morning trading, closed 0.1% lower at 39,869. Thursday’s economic data revealed a decline in initial jobless claims and higher-than-expected import and export prices, with the latter reigniting some anxiety about inflation. Housing starts and building permits were disappointing, and industrial production stalled. Federal Reserve Bank of Cleveland President Loretta Mester stated on Thursday that it will take longer to be confident that inflation is moving toward 2% and emphasized the need for continued restrictive policies. She welcomed the latest inflation data as a sign of cooling price pressures but warned that the U.S. fiscal path is unsustainable and must be brought under control. Treasury yields closed higher across the board, with the rate-sensitive ...Full story available on Benzinga.com

  Benzinga

  Featured Companies: ASTS DHI EXTR FCX ITB LEN MLM VMC WMT XLB XLP