In its attempt to purchase Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY)’s T-Mobile US Inc (NYSE:TMUS), Iliad SA (EPA:ILD) is likely to renew its bid by mid-October or get out of the deal accordingly. Iliad is likely to make a new bid of $35 to $40 per share for anywhere near 60 percent to 90 percent of…
Alibaba Group Holding Ltd (BABA)’s Shares Soared 38% Amid Huge Market Demand
As per the expectations, Alibaba Group Holding Ltd (NYSE:BABA) received a cheerful welcome from the investors with 38% surge in its share prices to $93.89. IPO of the biggest online retailer of China lead to an exchange of 271 million shares on the first day. Jack Ma, Founder of Alibaba Group Holding Ltd (NYSE:BABA), founded…
Alibaba Group Holding Ltd (BABA) Majority Stocks Sold to U.S. Investors
Alibaba Group Holding Ltd (NYSE:BABA) is all set to start trading today at NYSE and U.S. Investors got the maximum shares, as per Wall Street Journal’s report. Alibaba has maintained its initial target price of $68 for the shares. At the current price, Alibaba Group Holding Ltd (NYSE:BABA) is valued at $168 billion which keeps…
Ford Motor Company (F) to Cut Fiesta Hatchback Production as Demand in Europe Drops
With a slower European Automobile market, Ford Motor Company (NYSE:F) is likely to cut the production of its bestselling European car, Fiesta hatchback. Ford will halt the production in its Cologne plant, Germany. Ford Motor Company (NYSE:F) will halt the assembly of Ford Fiesta Hatchback for as many as 11 days between October and November.…
SAP SE (SAP) Ready to Acquire Concur Technologies (CNQR) for $8.3 Billion
SAP SE (ADR) (NYSE:SAP) and Concur Technologies, Inc. (NASDAQ:CNQR) came to an agreement that SAP America, Inc. will acquire Concur Technologies for $8.3 billion. SAP has offered 20% premium over the closing per share price of Concur Technologies amounting to $129.00. Concur Technologies, Inc. (NASDAQ:CNQR) is among the top companies of the world offering T&E…
GlaxoSmithKline plc (ADR) (GSK) Faces Fines Worth $489 Million, Former Head to Serve Jail time
Nearly after a year and a half, the Chinese authorities have released their verdict for GlaxoSmithKline plc (ADR) (NYSE:GSK), which was accused of bribing doctors to use their medicines. GlaxoSmithKline plc (ADR) (NYSE:GSK) would have to pay fines amounting to £297 million or $489 million to the Chinese government. The state news agency, Xinhua, further…
The Home Depot, Inc. (HD) Introduced New Payment Encryption for User-data, Increased Yearly Guidance
The shares of The Home Depot, Inc. (NYSE:HD) rose 0.95% after the company eliminated recent data breach malware and added advanced encryption for user-date protection. Further, Home Depot raised its EPS outlook for fiscal 2014 to $4.54, higher than earlier estimate of $4.52. The Home Depot, Inc. (NYSE:HD) announced that is has removed the malware…
Apple Inc. (AAPL), Amazon.com, Inc. (AMZN), Oracle Corporation (ORCL) Lead Tech Market Ahead of Alibaba’s IPO
The shares of Alibaba Group Holding Ltd will start trading at the NYSE on Friday and a day before the launch of the biggest IPO offering, Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), and Oracle Corporation (NYSE:ORCL) lead the tech market gains. Apple Inc. (NASDAQ:AAPL)’s shares rose $0.21 closing at $101.79, as the company announced its…
Oracle Corporation (ORCL) Shares Lose 2% in After Market Post Larry Ellison’s Departure as CEO
The shares of Oracle Corporation (NYSE:ORCL) were down nearly 2% in the after-hours trading following the news of Larry Ellison leaving the CEO post and less than expected quarterly results from the company. Larry Ellison stepped down from the CEO position only to resume working as chief technology officer and board’s Chairman. Mark Hurd and…
Yahoo! Inc. (YHOO) or Alibaba, Which One Is Better For Holding In The Long-Term?
With a few hours left in the opening trade of Alibaba Group Holding Ltd, investors are all set to buy the shares of the Chinese e-commerce giant. The company has released an initial target range of $66 to $68 for its shares. However, an important question remains unanswered: Which is a better bet among Yahoo!…