Tulsa, Oklahoma-based diversified energy company, ONEOK Inc. (NYSE: OKE) today announced that its Board of Directors authorized the management to pursue a plan to separate the company’s natural gas distribution business into a standalone publicly traded company. [...]
Shares of the Coca Cola Company (NYSE: KO) fell about 2.90% in early trade as the soft drink giant disappointed with fiscal second quarter results. Coca Cola posted a net income of $2.68 billion or 59 cents a share compared to a profit of $2.79 billion or 61 cents a share, in the year-earlier quarter. [...]
China’s leading search engine company, Baidu.com Inc. (ADR) (NASDAQ: BIDU) announced on Tuesday that it has entered in a preliminary deal with NetDragon to acquire China’s major app store developer, 91 wireless in deal worth $1.9 billion. [...]
Shares of D.R. Horton Inc. (NYSE: DHI) rallied about 6.20% by early trade after the homebuilder reported better-than-expected fiscal second quarter results. [...]
Shares of Power Integrations Inc. (NASDAQ: POWI), a designer, developer, manufacturer and marketer of high-voltage, analog and mixed-signal integrated-circuit (IC) products and high-voltage silicon diodes, are soaring in trading today after the company reported its fourth-quarter financial results. [...]
Chinese search engine giant, Baidu.com Inc (ADR) (NASDAQ: BIDU) reported late on Monday that fiscal fourth-quarter profit jumped 36% thanks to double-digit revenue growth; nonetheless, shares slumped nearly 6% in aftermarket trading as the Wall Street analysts were unimpressed by rising company’s costs even as doubts linger on whether the Company would be able to [...]
Shares of EnergySolutions Inc. (NYSE: ES) surged 8.28% to $3.72 after the company announced that it agreed to be acquired by a subsidiary of Energy Capital Partners II, LLC in a deal estimated at $1.1 billion. According to the deal, each shareholder of EnergySolutions will get $3.75 in cash for each share of common stock. [...]
Addressing staff through a company-wide email, Charles Chao, Chief Executive of China’s internet-media giant, Sina Corp. (NASDAQ: SINA) charted out company’s strategy for 2013. Chao said that the company’s strategy will revolve around restructuring its business which would allow it to focus on mobile-computing business or “mobile-first” as described by the CEO. [...]
Shares of China Finance Online Co. (ADR) (NASDAQ: JRJC), a provider of vertically integrated financial services through web portals, software systems and mobile handsets, are surging in trading today after the company announced that it entered into an exclusive partnership with Baidu.com (ADR) (NASDAQ: BIDU) on mobile web application. [...] |
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