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Twilio to buy cloud customer data startup Segment for $3.2 billion: Forbes

October 10, 2020

a man holding a sign: A banner for communications software provider Twilio Inc., hangs on the facade at the NYSE to celebrate the company's IPO in New York City

© Reuters/Brendan McDermid
A banner for communications software provider Twilio Inc., hangs on the facade at the NYSE to celebrate the company’s IPO in New York City

(Reuters) – Cloud communications platform provider Twilio Inc plans to buy customer data infrastructure company Segment for $3.2 billion, Forbes reported on Friday.

The deal, which had not been finalized as of Friday afternoon, was expected to be at least partially based on Twilio stock, the report added, citing two sources it did not name.

San Francisco-based Segment has recently been open to acquisition offers, according to the report.

Twilio declined to comment to Reuters. Segment was not immediately available for comment outside regular business hours.

Segment raised $175 million in a Series D funding round in April 2019. The startup said in September that it worked with more than 20,000 businesses including Intuit, FOX and Levi’s, employing more than 550 people.

Cloud

CANADA FX DEBT-Canadian dollar, “super-charged” by jobs data, posts 1-month high

October 9, 2020

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(Adds strategist quotes and details throughout; updates prices)

* Canadian dollar rises 0.5% against the greenback

* Canada adds 378,200 jobs in September

* Loonie touches a 1-month high at 1.3111

* Canadian bond yields were mixed across a steeper curve

By Fergal Smith

TORONTO, Oct 9 (Reuters) – The Canadian dollar strengthened
against its U.S. counterpart on Friday to notch its biggest
weekly advance in four months, driven by domestic data showing a
faster pace of job gains and rising hopes of U.S. stimulus that
boosted Wall Street.

Canada added 378,200 jobs in September after an increase of
246,000 in the previous month, handily beating analyst
expectations, as children returned to school and the economy
continued to reopen from coronavirus shutdowns, Statistics
Canada said.

“Accelerating job creation in Canada in September has
super-charged the Canadian dollar” said Michael Goshko,
corporate risk manager at Western Union Business Solutions.

Adding to

TSX at one-month high on strong employment data, commodity gains

October 9, 2020

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(Reuters) – Canada’s main stock index hit a one-month high on Friday after better-than-expected employment data underscored a consistent economic recovery from the coronavirus, while elevated gold and base metal prices also helped.

* At 9:36 a.m. ET (13:36 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 59.53 points, or 0.36%, at 16,594.07.

* The index was also set for its largest weekly gain since mid-July, as heavyweight gold and oil-linked stocks benefited from higher resource prices.

* Canada added 378,200 jobs in September and the unemployment rate fell to 9.0%, beating analyst expectations.

* The materials sector, which includes precious and base metal miners and fertilizer companies, added 2.1% as gold and base metal prices rose on the back of a weak dollar and supply woes.

* While the energy sector fell on the day in tandem with oil prices, it was set to add nearly 9%

US layoffs still high, but so is skepticism on jobless data

October 8, 2020

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WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession.

Yet economists say they are increasingly dubious about the unemployment claims figures, even though there is little doubt that hiring has slowed and employers have continued to lay off workers.

Disney said last week that it would cut 28,000 jobs. And American Airlines and United Airlines combined furloughed 32,000 employees last week. Airlines had been barred from cutting jobs as long as they were receiving federal aid, which expired this month. The American Hotel & Lodging Association has said that nearly three-quarters of hotels say they’ll have to lay off more workers without further financial aid.

One reason layoffs remain high is that companies often hold on to workers when a recession begins, if they can, in hopes of outlasting the downturn.

U.S. Stock Futures Rise Ahead of Jobless Claims Data

October 8, 2020

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U.S. stock futures ticked up Thursday ahead of fresh data on the number of Americans claiming unemployment benefits, which is likely to show marginal gains as the labor market continues its halting recovery.

Futures tied to the S&P 500 climbed 0.4%, signaling muted gains for the U.S. stock market after the opening bell. This would extend the broad-market index’s rally into a second day.

Economists expect data on applications for jobless benefits, due to be released at 8:30 a.m. ET, will have ticked down to 825,000 last week, from 837,000 a week earlier. The figures are viewed as a proxy for layoffs, and will be monitored closely to assess the extent to which companies continue to reduce head count. This metric is still likely to be above pre-pandemic highs, despite dropping sharply from a peak of near 7 million in March.

“These are still high in the grand scheme of

Dun & Bradstreet to buy European data firm Bisnode in $812 mln deal

October 8, 2020

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Adds details from company statement, changes dateline

Oct 8 (Reuters) – U.S. business analytics firm Dun & Bradstreet Holdings Inc DNB.N said on Wednesday it would acquire European data and analytics firm Bisnode from Swedish private equity firm Ratos AB RATOb.ST.

The company said in a statement it will purchase Bisnode through its unit Dun & Bradstreet Holdings BV for 7.2 billion SEK ($811.60 million) in a cash and stock deal.

Upon closing of the transaction, expected in 2021, Dun & Bradstreet will pay 75% of the price in cash to Bisnode and 25% in newly issued shares of common stock of Dun & Bradstreet.

Ratos is selling its 70% shareholding in Bisnode and will receive a dividend of 175 million SEK from Bisnode during fourth quarter 2020, it said in a separate statement.

Ratos Chief Executive Officer Jonas Wiström will join the Dun & Bradstreet International Strategic

Phishing attack spoofs IRS COVID-19 relief to steal personal data

October 7, 2020

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The phishing page tries to obtain email credentials, Social Security numbers, driver’s license numbers, and tax numbers, says Armorblox.

phishing-via-internet-vector-illustration-fishing-by-email-spoofing-vector-id665837286.jpg — Image: GrafVishenka, Getty Images/iStockPhotos

Phishing campaigns continue to be a popular and pervasive method of cyberattack. By impersonating a well-known company or brand, cybercriminals typically look to capture sensitive information from unsuspecting users. A new phishing attack spotted by cybersecurity firm Armorblox exploits the IRS, the coronavirus, and SharePoint all in one fell swoop.

SEE: Social engineering: A cheat sheet for business professionals (free PDF) (TechRepublic)

In a blog post published Wednesday, Armorblox described this credential phishing campaign as one that hit several of its customers just a few days ago. In this attack, the initial email promised an important update on the recipient’s COVID relief funds to be disbursed to the person’s address.

Clicking the link to view a message about this update would take the user to a SharePoint

German debt price up on weaker data; Italian 10-year yield hits 1-year low

October 7, 2020

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By Olga Cotaga

LONDON, Oct 7 (Reuters) – The price for benchmark German debt increased on Wednesday after German industrial output unexpectedly slipped in August, suggesting the recovery in Europe’s largest economy from the coronavirus shock could be weaker than hoped.

German 10-year yields fell 1.6 basis points to -0.52% DE10YT=RR after inching to a two-week high on Tuesday.

The day before, the gap between German and U.S. 10-year yields US10DE10=RR widened to its largest since March as U.S. yields rose. They gave back those gains after President Donald Trump on Tuesday abruptly cancelled talks in Washington over coronavirus aid.

For the Italian 10-year government bond, the yield fell to its lowest in more than a year at 0.765% IT10YT=RR as traders expected more monetary policy stimulus from eurozone’s central bank. It last traded down 1.6 bps.

On Friday, the Italian 10-year BTP yield fell to a record low

Horizon Therapeutics: SEL-212 Data Confirms Krystexxa’s Likely Dominant Position In Refractory Gout (NASDAQ:HZNP)

October 7, 2020

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Horizon Therapeutics’ (HZNP) competitor Selecta Biosciences (SELB) reported results phase 2 of SEL-212 (pegadricase plus ImmTOR) which failed to beat Krystexxa in refractory gout patients. SEL-212 achieved a numerically better response rate at 3 and 6 months, but the results failed to reach statistical significance. SEL-212 results confirm its prior efficacy profile which is only moderately better than Krystexxa monotherapy and it does not represent an apples-to-apples comparison as SEL-212 has an unfair advantage of the addition of ImmTOR, Selecta’s immunomodulator, to pegadricase, which is the biologic candidate with the same mechanism of action as Krystexxa (pegloticase).

I believe SEL-212’s phase 2 results further solidify Krystexxa’s likely leading position in the refractory gout market given the emerging and very strong combination data of Krystexxa with approved immunomodulators (mainly methotrexate). I expect the combination to achieve much greater efficacy in the ongoing MIRROR study than SEL-212 will in its phase 3

As Big Data Meets Insurance, Lemonade Stock Looks Great Right Here

October 5, 2020

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InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Lemonade (NYSE:LMND) has sloped down since its IPO, but there’s reason to be hopeful about Lemonade stock at these levels.

Source: Stephanie L Sanchez / Shutterstock.com

Big data is radically transforming how we do business. Data collection and interpretation is becoming easier and more accessible. As a result, companies now have more raw data than ever before, and it is helping businesses make more informed decisions. That’s why Lemonade stock has become such an attractive play in the insurance sector.

Lemonade is a new company that is operating within a very competitive market. But the business model sets it apart from its peers.

Lemonade leverages big data and artificial intelligence to improve the underwriting process, detect fraud, and process claims. Due to this efficient and sustainable model, it looks more attractive than peers Allstate (NYSE:ALL) and