Chevron Corp. said it was considering selling its 75% stake in its South African unit. Chevron (CVX) has made a decision to solicit expressions of interest for the stake, a sale that would form part of a three-year asset divestment program announced in 2014, the San Ramon, California-based company said in an e-mailed statement on Thursday. “This demonstrates Chevron’s continuing focus on balancing our global portfolio with our
FireEye’s (FEYE) shift to cloud-based email protection could face “strong competition” from a Palo Alto Networks (PANW)-Proofpoint (PFPT) team-up announced late Wednesday, FBN analyst Shebly Seyrafi said Thursday. But FireEye battled back with a marriage of its own, announcing its $200 million acquisition of cyberthreat intelligence company iSight Partners, in a deal that Wall Street praised Thursday. In conjunction with the news, FireEye
With Apple and some of its other top competitors distracted, now’s the time for Pandora Media (P) to entice listeners its way, according to a report Thursday by Macquarie Research. Marketing for Apple Music — the subscription streaming music service launched in June by Pandora rival and tech heavyweight Apple (AAPL) — has quieted as Apple is changing its focus to TV instead, wrote Macquarie analyst Amy Yong in the report. “Apple will also be