Nearly one month after its first acquisition proposal for Family Dollar Stores, Inc. (NYSE:FDO), Dollar General Corp. (NYSE:DG) is all set to take the route of a hostile takeover. The company will issue a tender offer with $80 share price to its shareholders, as reported by WSJ. The management of Family Dollar Stores, Inc. (NYSE:FDO)…
SinoCoking Coal and Coke Chem Ind, Inc (SCOK)’s Stocks Soar 200% Post Clean Energy Deal in China
SinoCoking Coal and Coke Chem Ind, Inc (NASDAQ:SCOK) witnessed a 200% increase in its share prices after it announced a clean energy deal with leading Chinese Research institutes. The company is ready to work with research institutes to work on a cleaner fuel called syngas. SinoCoking Coal and Coke Chem Ind, Inc (NASDAQ:SCOK) came to…
Netflix, Inc. (NFLX) Join Hands in Net Neutrality Protest Movement
Netflix, Inc. (NASDAQ:NFLX) is the latest name among the list of net neutrality protestors, which already has some major players including Twitter Inc (NYSE:TWTR), International Business Machines Corp. (NYSE:IBM), Reddit, WordPress, Foursquare, and many more. The protest is against the new net neutrality laws proposed by the Federal Communications Commission, which is likely to change…
Will Yahoo! Inc. (YHOO) Lose Its Investors After Alibaba IPO?
Alibaba Group Holdings Ltd is going to be the biggest IPO that will put Alibaba at a market value of $200 billion. However, one of the primary stake holders, Yahoo! Inc. (NASDAQ:YHOO), is likely to benefit from the deal but what would happen to the company once it exhausted its trump card. Yahoo! Inc. (NASDAQ:YHOO)…
McDonalds Corporation (MCD)’s Sales Declining Without Any Signs of Improvement in August
The troubling times are far from over for the largest fast-food chain of the world with McDonalds Corporation (NYSE:MCD)’s global same store sale hitting rock bottom. The fast-food chain lost 3.7% of its global sales in August, the largest decline in over 10 years. After some potential raw material scandals and lack of supplier in…
Yahoo! Inc. (YHOO) May Lose Its Momentum After Alibaba Group Holding Ltd’s IPO
It’s been nothing short of a dream run for Yahoo! Inc. (NASDAQ:YHOO)’s stocks in the past one month with an increase of 16.43% in its shares prices. However, experts are opined that the company’s stock may not attract the investors post Alibaba Group Holding Ltd’s public offering. Yahoo! Inc. (NASDAQ:YHOO) have witnessed a two-fold increase…
Yahoo! Inc. (YHOO) Might Lose Majority Of Its Profits In Taxes In Alibaba’s IPO
With Yahoo! Inc. (NASDAQ:YHOO)’s shares gaining value in the market, the company is finding it difficult to save its profits from Uncle Sam post Alibaba’s IPO. Yahoo! Inc. (NASDAQ:YHOO) is looking for potential methods to save taxes. Earlier, the company said that its sales of Alibaba’s shares in the much-hyped IPO would be taxable and…
Cramer Supports Bank of America Corp (BAC)’s Upgrade by Goldman Sachs Group Inc (GS)
Jim Cramer supported Goldman Sachs Group Inc (NYSE:GS)’s decision to upgrade the rating of Bank of America Corp (NYSE:BAC) in his CNBC show. Cramer agreed with Goldman Sachs’s assessment that the bank is finally over with its problems and it can certainly focus on its business. In his show, “Squawk on the Street”, Cramer said,…
Apple Inc (AAPL)’s iWatch May Revolutionize the Wearable Device Market
In addition to the much hype received by Apple Inc (NASDAQ:AAPL)’s iWatch, a report from Cowen & Co., investment bank, states that the iconic device might revolutionize the wearable device industry. Cowen & Co. further predicted that the wearable device industry market might grow up to $170 billion by 2020 from existing $10 billion in…
General Motors Company (GM)’s China Unit to Recall 38,328 Cadillacs for Faulty Break Software
After China’s quality watchdog pointed potential issues with the braking software of General Motors Company (NYSE:GM)’s Cadillacs, the company has recalled 38,328 cars manufactured between October 2012 and July 2014. China’s General Administration of Quality Supervision, Inspection and Quarantine pointed out potential risk from the brake control software. Shanghai General Motors Co, Chinese joint venture…