The shares of BP plc (ADR) (NYSE:BP) soared in excess of 3 percent in the regular trading session after a lawyer said that the court might reveal Deepwater Horizon (2010) oil spill fine after April only when it receives post-trial briefs from the U.S. government. It is excellent news for the company, which reported lower…
Twitter Inc (TWTR) Explores Advertisement Opportunities Outside Its Social Network, Partners With Flipboard And YAHOO JAPAN CORP (YAHOY)
The shares of micro-blogging site, Twitter Inc (NYSE:TWTR), jumped in excess of 6 percent after the social network announced partnership with Flipboard and YAHOO JAPAN CORP (OTCMKTS:YAHOY) for a new advertisement initiative. The micro-blogging site would display its adverts on the mobile apps of partner companies. Twitter has struggled recently with its revenue streams and this…
Verizon Communications Inc. (VZ)’s Shares Rise Amid Asset Divesting Speculations
The biggest telecom carrier of the United States, Verizon Communications Inc. (NYSE:VZ), is all set to divest its assets and focus on one single geography. The shares of the company inclined nearly 3 percent after reports of possible divesting of assets worth up to $10 billion. The telecom carrier is likely to sell assets from…
RadioShack Corporation (RSH) Nearing Demise With NYSE Stock Delisting, Sprint Corp (S) Emerges As Potential Buyer
After posting declining sales for past several quarters, it looks like the once go-to-shop for electronics, RadioShack Corporation (NYSE:RSH), is nearing its end. According to the recent reports, the electronics chain is likely to shut down its stores and hand over nearly half of its retail stores to the third largest telecom carrier of the…
Honeywell International Inc. (HON), Pfizer Inc. (PFE), Microsoft Corporation (MSFT): Top 3 Stock Holdings of Ascend capital
Honeywell International Inc. (NYSE:HON), Pfizer Inc. (NYSE:PFE), Microsoft Corporation (NASDAQ:MSFT) are among the top three stock holdings of Ascend Capital, as per its recent SEC 13F filing. The investment manager has a current portfolio of $3.38 billion and its primary investments are in service, consumer goods, and finance industry. Honeywell International Inc. (NYSE:HON) is the…
Apple Inc. (AAPL), Philip Morris International Inc. (PM), QUALCOMM, Inc. (QCOM): Top 3 Stock Holdings of Arrowstreet Capital
Apple Inc. (NASDAQ:AAPL), Philip Morris International Inc. (NYSE:PM), QUALCOMM, Inc. (NASDAQ:QCOM) are among the top 3 stock holdings of Arrowstreet Capital, as per its recent SEC 13F filing. The investment manager has a current investment portfolio of $18.61 billion with its primary investments in technology, healthcare, and finance industry. Apple Inc. (NASDAQ:AAPL) is the largest…
American Airlines Group Inc (AAL) Reinforces Integration as the World’s Largest Airliner Gets Pilots’ Approval for Pay Raise Contract
It was an excellent week for the World’s largest airliner by passenger traffic, American Airlines Group Inc (NASDAQ:AAL), as its pilots approved new wage contract for the next five years. The Allied Pilots Association conducted election for the new contract with over 66 percent pilots supporting the new wage structure. American Airlines has hit a…
Chevron Corporation (CVX) Cuts Back on Its Share Repurchase Program, Announced Lower Capital Spending for 2015
The falling oil prices with no further signs of improvement are creating difficulties for several oil companies including Chevron Corporation (NYSE:CVX), which announced a cut back in its share repurchase program for 2015. In addition to it, the oil company has announced 13 percent lower capital spending budget for 2015. While announcing the share repurchase…
Exxon Mobil Corporation (XOM) Becomes the Latest Company Offering Discrimination Protection for LGBT Workers
Exxon Mobil Corporation (NYSE:XOM) is the latest among the leading industries to offer protection to lesbians, gays, bisexuals and transgender (LGBT) with new non-discrimination policies. The new policies would help prevent any discrimination based upon the sexual orientation or gender identity of the workers. It is important to understand that the investors of the world’s…
AT&T Inc. (T) Shines On Top in U.S. Airwaves Auction, DISH Network Corp (DISH) Remains Behind the Curtain Winner
AT&T Inc. (NYSE:T) surprised the whole market by spending up to half of the overall bidding auction amount at the U.S. mobile data airwaves sale. DISH Network Corp (NASDAQ:DISH) also managed to surprise the market by getting ahead of Verizon Communications Inc. (NYSE:VZ) in the auction. The second-largest telephone carrier service of the United States,…