Akamai Technologies Acquires Select Assets From Lumen Technologies

RTTNews | 689 dagar sedan
Akamai Technologies Acquires Select Assets From Lumen Technologies

(RTTNews) - Cloud company Akamai Technologies, Inc. (AKAM) announced Tuesday that it has acquired assets, including select content delivery customer contracts, from Lumen Technologies, Inc. (LUMN).

Akamai will extend its offerings and support to Lumen customers looking for an enterprise solution to their content delivery needs, providing them the ability to leverage the world's most distributed cloud platform.

Through the acquisition of these customer contracts, Akamai anticipates this transaction will add approximately $40 million to $50 million in revenue and be accretive to adjusted earnings per share by $0.08 to $0.12 for the full year in 2024.

The transaction does not include the acquisition of Lumen personnel or technology. The two companies will be operating under a transition services agreement for the first 90 days, after which time Lumen plans to wind down its content delivery services.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 3h 7minuter sedan
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 5h 57minuter sedan
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 6h 26minuter sedan
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 9h 29minuter sedan
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 10h 12minuter sedan