The battle to bring new high tech gadgets first is intensifying between two major players, Apple Inc. (NASDAQ: AAPL) and Samsung. However, it seems that the South Korean Company is outpacing its American rival. According to Financial Times, quoting sources familiar with the matter, Samsung is set to launch its new wearable device, “Galaxy Gear” [...]
Yahoo! Inc. (NASDAQ: YHOO) announced on Friday that it has appointed Maynard Webb as a permanent chairman of the Company. Webb will be replacing Fred Amoroso. The appointment comes at a time when the internet company is finding a bit difficult to boost its advertising business, a domain dominated by Google and Facebook. Webb, who [...]
Jefferies downgraded General Mills (NYSE: GIS) to “underperform” from “hold” and cut its price target to $44 from $45 0n Friday. Jefferies cited weak outlook and higher valuation. The firm also slashed its outlook on first quarter EPS , FY 2014 EPS and FY2015 EPS. For the fiscal first quarter, Jefferies cut EPS outlook to [...]
Shares of Pandora Media Inc. (NYSE: P) rallied in premarket trading on Friday after the online radio streaming company’s stock was upgraded to “buy” from “neutral” by Goldman Sachs’ analyst Heath Terry. In the research report, Heath Terry cited accelerating mobile and subscription revenue for the stock upgrade. The Price target on shares was lifted [...]
Warren Buffett’s investment firm Berkshire Hathaway Inc. (NYSE: BRK.A) said in its regulatory filing that it has cut its stake in Coca Cola Co and raised its holdings in General Motor Co. In addition, Hathaway also said in its filing that it has taken a new position in Dish Network Corp during the fiscal second [...]
Hike in pay roll taxes and increase in gas prices seems to have taken a toll on the U.S. consumer spending. The world’s largest discount retail chain, Wal-Mart Stores Inc. (NYSE: WMT) said on Thursday that comparable-store sales in the U.S. fell 0.3% in the fiscal second quarter. Analysts surveyed by Thomson Reuters expected 1% [...]
Shares of Elbit Systems Ltd. (USA) (NASDAQ: ESLT) gained sharply on Tuesday after the Israeli defense equipment and unmanned aerial vehicles maker handed better-than-expected fiscal second quarter results. The Company attributed to higher sales of unmanned aerial vehicles and intelligence systems for strong performance as well as cost cutting measures. On adjusted basis, the Company [...]
Home appliances maker, Whirlpool Corp. (NYSE: WHR) said on Tuesday that it has agreed to buy a majority stake in China’s Hefei Rongshida Sanyo Electric Co in deal estimated at about $555.4 million. The move will allow the Company to gain traction in China. Whirlpool said that its will purchase all Hefei Sanyo shares both [...]
Struggling smartphone maker, BlackBerry Ltd. (NASDAQ: BBRY) said on Monday that it is mulling all strategic options like joint ventures partnerships, including putting itself up for sale. Flagging sales and dwindling market-share have hammered Blackberry shares this year. In a statement released on Monday, BlackBerry said that a special board has been commissioned which will [...]
David H Murdock Jr., the Chief Executive of Dole Food Company Inc. (NYSE: DOLE) announced on Monday that he has agreed to buy 100% stake in the food and vegetable company in deal estimated at $1.6 billion, including debt. According to the terms of the deal, Murdock will pay $13.50 per share to acquire another [...] |
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