The biggest name in household electronics, RadioShack Corporation (NYSE:RSH), is fighting real hard to maintain its existence, especially after nine straight quarters of loss and shrinking credit limit. In its efforts to stay on the ground, RadioShack Corporation (NYSE:RSH) is trying to change the nature of its commercial relationship with one of the main suppliers,…
Bob Evans Farms Inc (BOBE), Compuware Corporation (CPWR), Meritor Inc (MTOR): Top Holdings of Sandell Asset Management
Sandell Asset Management, Tom Sandell, was founded in 1998 and The Hedge Fund Journal nominated its UCITS fund as the Best Performing Risk Arbitrage Fund in 2012. The fund has a net portfolio of $542 million with its primary focus on service-oriented investments. Bob Evans Farms Inc (NASDAQ:BOBE), NASDAQ:CPWR), Meritor Inc (NYSE:MTOR) are the top…
Sears Holdings Corp (SHLD) Gets Short-term Loan From Fairholme Fund (FAIRX)
According to a recent SEC filing Fairholme Fund (MTUF:FAIRX), one of its affiliates is likely to invest up to $100 million in a short-term loan for Sears Holdings Corp (NASDAQ:SHLD). Bruce Berkowitz is the fund manager of Fairholm Fund and owns 25.532.673 shares of Sears Holdings. (You can see complete list of Bruce Berkowitz’s Fairholme…
Oracle Corporation (ORCL)’s Overweight Rating Kept But Target Price Reduced By Barclays
Barclays joins the list of analysts who have issued a lower rating for Oracle Corporation (NYSE:ORCL), as the company reissued its overweight rating for the tech service provider. Barclays reduced its target price to $48 from an earlier $50 estimate. Oracle Corporation (NYSE:ORCL)’s shares declined 4.21% after the announcement and closed at $39.80 on Friday.…
Airbus Group NV (AIR) Faces Pressure from German Government to Cut Military Jets Cost
The deal between Airbus Group NV (EPA:AIR) and German government is likely to witness some more theatricals as the German government is seeking price cuts for Airbus’s A400M military airlifters. German Defense Ministry has demanded longer cancellation period for the same and the A400M are likely to be delivered later than the expected timeline. Bild…
Alibaba Group Holding Ltd (BABA)’s IPO Yields $4.6 Billion for Softbank Corp (9984)
After the opening of much hyped Alibaba Group Holding Ltd (NYSE:BABA) in the market, the shares quickly gained 38% to end at $93.89 on Friday. Softbank Corp (TYO:9984), the biggest shareholder of Alibaba, announced net gains of $4.6 billion after the initial offering. Masayoshi Son, CEO of Softbank Corp (TYO:9984), said that the company would…
Sears Holdings Corp (SHLD) Shares Plummet Amid Lower Rating from Credit Suisse Group AG (ADR) (CS)
“This is the End” was the exact reference given by Gary Balter, Credit Suisse Group AG (ADR) (NYSE:CS) analyst, for Sears Holdings Corp (NASDAQ:SHLD). The shares of Sears Holdings Corp (NASDAQ:SHLD) have declined 6.36% since the statement on Thursday. After having a look at the performance of Shears Holdings in 2014, Balter concluded that the…
Costco Wholesale Corporation (COST) to Stop Accepting American Express Company (AXP)’s Cards in Canada
Costco Wholesale Corporation (NASDAQ:COST) announced today that it will stop accepting cards issued by American Express Company (NYSE:AXP) in Canada starting January 1. The two long-term partners couldn’t come to an agreement after several negotiation efforts. Costco Wholesale Corporation (NASDAQ:COST) Canada’s VP of marketing and membership, Lorelle Gilpin, said, “The credit card relationship between American…
Yahoo! Inc. (YHOO) Loses Half of its Core Business Value Post Alibaba Group Holding ltd (BABA) IPO
After more than anticipated success of Alibaba Group Holding Ltd (NYSE:BABA)’s IPO, Yahoo! Inc. (NASDAQ:YHOO) would certainly be happier with the higher valuation of its existing 16.3% stake in the e-commerce giant. However, Yahoo’s core business lost nearly half of its market valuation after the IPO. During the first day of trading, Alibaba witnessed a…
Alibaba Group Holding Ltd (BABA) Dwarfed Industry Leaders Including Facebook Inc (FB), The Walt Disney Company (DIS), and Comcast Corporation (CMCSA)
Alibaba Group Holding Ltd (NYSE:BABA) created a new benchmark in public offerings with first day trade at NYSE where the company marched right ahead of industry leaders in terms of current market capitalization including Facebook Inc (NASDAQ:FB), The Walt Disney Company (NYSE:DIS), and Comcast Corporation (NASDAQ:CMCSA). Alibaba Group Holding Ltd (NYSE:BABA) became the biggest IPO…