The world’s leading tech giant company, Google Inc (NASDAQ:GOOGL), is all set to lead the $500 million funding program for Magic Leap, tech company that boasts about its “cinematic reality” technology. Magic Leap, the Florida based tech company, is likely to receive funding of $500 million with Google as the lead investor followed by Andreessen…
T-Mobile US Inc (TMUS) and Sprint Corporation (S) Target Lower-End Subscribers to Boost Postpaid Connections
According to the latest reports from UBS, T-Mobile US Inc (NYSE:TMUS) and Sprint Corporation (NYSE:S) are reaching out to the lower-credit customers to boost their postpaid subscriber pool. The report highlighted another astonishing fact for the saturated U.S. telecom industry stating that the four major U.S. carriers are likely to add up to 4.3 million…
Lakeland Industries, Inc. (LAKE), Alpha Pro Tech, Ltd. (APT), Ibio Inc (IBIO) Lead Biotech Stock Industry Amid Rising Ebola Fears in US
After having several governments under its worry-trap, Ebola has started influencing the stock market and Lakeland Industries, Inc. (NASDAQ:LAKE), Alpha Pro Tech, Ltd. (NYSEMKT:APT), Ibio Inc (NYSEMKT:IBIO) are among the primary gainers of the crisis. In the last few weeks, most of the biotech companies and biopharmaceuticals associated with Ebola products have witnessed a sharp…
Doral Financial Corp. (DRL) Headed Up Post $229 Million Tax Refund Win Against Puerto Rico Government
The shares of Doral Financial Corp. (NYSE:DRL) rose up to 27.60% after winning a tax refund claim against the Puerto Rico’s Department of Treasury. The treasury department would be liable to refund $229 million over the next five years. Doral Financial Corp witnessed an elevated trading session with nearly 1,624,350 shares exchanged during the day’s…
Iliad SA (ILD) Abandoned Bid For T-Mobile US Inc (TMUS) After Sprint Corporation (S)
It is the second time that a potential acquirer has deserted its pursuit of T-Mobile US Inc (NYSE:TMUS), as Iliad SA (EPA:ILD) withdraws its offer to acquire the telephone maker. This is the second company after Sprint Corporation (NYSE:S) to abandon its acquisition of the fourth-largest mobile carrier in the U.S. Earlier, Deutsche Telekom AG…
GT Advanced Technologies Inc (GTAT) Is Running Out Of Cash And Facing Penalty By Apple Inc (AAPL)
The shares of GT Advanced Technologies Inc (NASDAQ:GTAT) fell 51.85% yesterday to close at $0.390, post its bankruptcy proceedings. It was further revealed that the financially troubled company didn’t own the sapphire glass manufacturing facility and was accountable for $439 million prepaid loan from Apple Inc (NASDAQ:AAPL). The troubles of GTAT have quadrupled after the…
J C Penney Company Inc (JCP) Planning To Increase Its Operational Efficiency With A New Transfer From The Home Depot, Inc. (HD)
After a whole year of search for the next CEO of the company, J C Penney Company Inc (NYSE:JCP) has named the U.S. business head of The Home Depot, Inc. (NYSE:HD) as its new CEO. The shares of the retailer are having a positive investor sentiment with a 1% increase in its share price at…
Cramer’s Favorite High Dividend Stock Picks: KKR & Co. L.P. (KKR), Vanguard Natural Resources, LLC (VNR), RR Donnelley & Sons Co (RRD)
KKR & Co. L.P. (NYSE:KKR), Vanguard Natural Resources, LLC (NASDAQ:VNR), RR Donnelley & Sons Co (NASDAQ:RRD) are among the stop stock picks of Jim Cramer because of their high dividend yield. The lower dividend yield that one could expect from these shares is 6.47% while 11.32% being the highest yield. KKR & Co. L.P. (NYSE:KKR)…
Twitter Inc (TWTR) Wants To Enter Money Transfer Business With French Bank
Online payment is the latest interest area of all the major tech giants, and Twitter Inc (NYSE:TWTR) is the latest to join the race with its French partner. The customers of the French bank would be able to transfer money through tweets. The timing of this partnership could not have been better as Twitter itself…
Canadian Pacific Railway Limited (USA) (CP) and CSX Corporation (CSX) Are Potential Merger Candidates
In one of the most interesting revelations of the week from Wall Street Journal, Canadian Pacific Railway Limited (USA) (NYSE:CP) is known to approach CSX Corporation (NYSE:CSX) for a potential merger between the two railroad operators. According to WSJ, Canadian Pacific Railway made the offer last week only to have it rejected by CSX management,…