UK software firm Blue Prism soars 10% on potential bidding war

British software company Blue Prism said U.S.-based SS&C has offered £12 a share to buy the firm. That's higher than a £11.25-a-share takeover bid from private equity firm Vista. Shares of Blue Prism surged as much as 10% on the news. In this article SSNC PRSM-GB LONDON — Shares of Blue Prism surged Tuesday after […]

Lumber firm Weyerhaeuser is betting on a strong housing market for years, CEO says

Lumber firm Weyerhaeuser believes the U.S. housing market will remain strong for years ahead, CEO Devin Stockfish told CNBC's Jim Cramer. "It all goes back to the level of underbuilding that we've been doing in the U.S., really going back to the last Great Recession," Stockfish said, referring to the industry's historically low housing output. […]

Stocks making the biggest moves after hours: IBM, CSX, Tesla, Lam Research & more

Check out the companies making headlines after the bell:  IBM —The tech company saw its stock dropping more than 5% in extended trading following a revenue miss in the third quarter. its top two business segments — global services and the Cloud & Cognitive Software business — fell short of estimates. CSX Corporation —Shares of […]

Markets sell off as a yield spike hits tech stocks – what to watch next

Markets sold off Tuesday after a spike in yields hammered tech stocks. Here's what five experts have to say about stocks now. Tom Lee, Fundstrat's head of research, said the noise out of Washington, D.C., that contributed to investor nerves was not a deal breaker for markets. "I know investors don't like when there's policy […]

Stocks could slide further as interest rates rise and Big Tech drags the market

Stock strategists see more selling ahead and say the S&P 500 could go as low as 4,127, its 200-day moving average and a momentum indicator. Big cap tech led the market lower Tuesday, as rising yields pressured valuations of the large growth names. "Just their sheer footprint alone creates an issue. When they do this, […]