Priceline Group Inc (NASDAQ:PCLN) announced yesterday that it is planning to offer senior notes in an underwritten public offering. The shares of the online travel company rose 1.68% or $19.33 post announcement. Some of the primary underwriters for the offering include Royal Bank of Scotland (NYSE:RBS), Deutsche Bank (NYSE:DB)’s London branch, Wells Fargo (NYSE:WFC), Goldman…
Avanir Pharmaceuticals Inc (AVNR) Ratings Boost After Successful Trial Results
Avanir Pharmaceuticals Inc (NASDAQ:AVNR) is all set on the right path after the successful Phase II clinical trial results of AVP-923. Piper Jaffray, stock analysis firm, upgraded the rating of Avanir Pharmaceuticals to a “positive” with a target price of $17. The shares of Avanir Pharmaceuticals nearly doubled after the positive test result announcement. Another…
Bank of America Corp (BAC) Focuses on Slimmer Consumer Strategy, Eliminates $6 Billion Under Risky Revenues
Bank of America Corp (NYSE:BAC) is ready to phase out $6 billion in revenue by eliminating risky banking products and some product-associated fees. The bank is likely to focus on its existing customers to increase revenue. Earlier, Bank of America Corp (NYSE:BAC) used to make up to $3 billion in product-associated fees including debit-card purchases…
RadioShack Corporation (RSH) Trading Near $1, Likely to go Bankrupt without Capital Infusion;Best Buy Co. Inc. (BBY) Has Potential To Increase Market Share
RadioShack Corporation (NYSE:RSH) is surviving on life support for the last two decades and with its shares trading near $1, it might just be the beginning of the end of a complete era of electronics-store history. RadioShack Corporation (NYSE:RSH) reported its second quarter 2014 results with overall operating revenues of $673.8 million and the company…
Sino-Global Shipping America (SINO)’s Share Prices Soar after Successful Fiscal 2014 Financial Results
Sino-Global Shipping America, Ltd. (NASDAQ:SINO) witnessed 31.60% increase in share prices after successful financial results for 2014. Sino touched 52-week high on Tuesday while reaching $4.59 after the earnings announcement. Sino-Global Shipping America, Ltd. (NASDAQ:SINO) released its full year fiscal 2014 financial results and the company reported diluted EPS of $0.34 for the year ending…
Tesla Motors Inc (TSLA)’s Win in Massachusetts Prepares Path for Future Direct Sales
Tesla Motors Inc (NASDAQ:TSLA) achieved a milestone in its direct sales after winning a legal battle against the Massachusetts State Automobile Dealers Association. Tesla Motors is facing similar charges in different states and this judgement is likely to help it in future legal battles. The case came into light when the Massachusetts State Automobile Dealers…
VirnetX Holding Corporation (VHC) Plummets 44% Amid Lower Patent Infringement Damages from Apple Inc (AAPL)
VirnetX Holding Corporation (NYSEMKT:VHC) lost 44.37% of its share price after a federal appeals court overturned the $368 million damage award that the company won against Apple Inc (NASDAQ:AAPL). VirnetX closed at $8.30 after losing $6.62 in the day’s trading. The U.S. Court of Appeals for the Federal Circuit in Washington overturned the damages considering…
Yahoo! Inc. (YHOO) Profit Rises As Alibaba to Raise up to $21.8 Billion in the IPO
With increasing IPO estimates for Alibaba Group Holding Ltd, Yahoo! Inc. (NASDAQ:YHOO) is the one making hefty profits. Alibaba raised the target price per share with new $66 to $68 range and the company is likely to raise up to $21.8 billion out of the deal. Yahoo! Inc. (NASDAQ:YHOO) is likely to sell 121 million…
Microsoft Corporation (MSFT) Launches Cross-Platform Wireless Keyboard for Windows, iPhone, iPad, and Android
Microsoft Corporation (NASDAQ:MSFT) is back with its innovation cap and the company launched universal mobile keyboard that works with Windows, iOS, and Android without using any dongles. Microsoft Corporation (NASDAQ:MSFT) has set a price of $79.99 for the keyboard and users can start purchasing it in October. One of the best things about the universal…
Microsoft Corporation (MSFT) All Set to Launch Windows 9 on September 30
Microsoft Corporation (NASDAQ:MSFT) is likely to launch Windows 9 on September 30, as the tech-giant has started sending invitations for their San Francisco event. Microsoft users can expect some major announcements about the latest operating system prepared by the company. Windows 8 didn’t do much good except confusing customers, especially because of no Start menu…