Just ahead of the release of iPhone 6 from Apple Inc (NASDAQ:AAPL) on September 9, Apple lost 4.2% of its share value retrieving back to $98.94 per share. The security attack on Apple’s iCloud service and new partnership between Samsung Electronics Co Ltd (KRX:005930) and Facebook Inc (NASDAQ:FB) are considered to the primary reasons behind…
Nevada Leads the Race for Tesla Motors Inc (TSLA)’s Gigafactory
Finally, the race for Tesla Motors Inc (NASDAQ:TSLA)’s Gigafactory is over with Nevada winning over the other four states including Arizona, California, New Mexico, and Texas. As said by Elon Musk, CEO of Tesla Motors Inc, the winning state would have to provide 10% or $500 million of the overall cost of the factory. According…
Bank of America Corp (BAC) Starts with Preferred Offerings Worth $3 Billion
After agreeing to pay penalties worth $16.7 billion for faulty mortgage practices, Bank of America Corp (NYSE:BAC) has started its efforts to put up the money with $3 billion worth of preferred offerings to the investors. Bank of America Corp (NYSE:BAC) offered perpetual shares worth $2 billion with a minimum repurchase period limit of 10…
Delta Air Lines, Inc. (DAL) Shares Stumble Post Higher Fuel Costs and Lower Outlook
Delta Air Lines, Inc. (NYSE:DAL)’s shares were down after the company raised per-gallon fuel price projections. The airline lowered its projections for one of the key growth metrics along with lower operating growth margins for the quarter. Delta Air Lines, Inc. (NYSE:DAL) lost 5% of its share prices after an announcement made by the Chief…
Cramer Gives Positive Notes on GNC Holdings Inc (GNC) and Vitamin Shoppe Inc (VSI) Merger
After a Credit Suisse analyst, Gary Balter, suggested a potential merger between GNC Holdings Inc (NYSE:GNC) and Vitamin Shoppe Inc (NYSE:VSI), Jim Cramer has also given positive remarks for the same. Cramer added, “Three weeks ago a great retail analyst named Gary Balter, over at Credit Suisse, came out with a detailed report explaining why…
Petroleo Brasileiro Petrobras SA (ADR) (PBR): Riding on a High Tide with the Hope of New Government
The Brazilian stocks touched a new height after a poll result favoring Marina Silva against President Dilma Rousseff came in. The biggest benefactor was the state-controlled energy firm Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR). Its shares touched a 52-week high of $20.87 and closed at $20.65 on September 2, 2014. According to the survey, Rousseff…
Staples, Inc. (SPLS) and Office Depot Inc (ODP) Share Prices Are Boosted by Potential Merger Expectations
Amidst the market expectations of potential merger between Staples, Inc. (NASDAQ:SPLS) and Office Depot Inc (NYSE:ODP), shares for both the companies witnessed a positive movement. Shares of Staples, Inc. (NASDAQ:SPLS) closed with 8.13% rise in prices whereas Official Depot Inc (NYSE:ODP) had a 6.25% upward movement in its prices. The shares picked up after a…
Trade-in Your Old Apple Inc. (AAPL)’s iPhone and Get iPhone 6 Free
With the launch of Apple Inc. (NASDAQ:AAPL)’s iPhone 6 approaching close, resale sites are witnessing an increase in older Apple phone trade-ins. As of now, consumers can trade-in their older iPhone with a profit of at least the breakout price for the new device. Market experts have estimated the cost of iPhone6 to be around…
Exelixis, Inc. (EXEL) Shares Down by 55% after its Prostate Cancer Drug Failure
Exelixis, Inc. (NASDAQ:EXEL) has lost 55% of its share prices after the release of COMET-1, phase 3 pivotal trials, which were unable to meet the primary endpoint of indicating higher survival rate in patients suffering from prostate cancer. According to the CEO of Exelixis, Inc. (NASDAQ:EXEL), Michael M. Morrissey, “We are very disappointed that COMET-1…
Compuware Corporation (CPWR) Agreed to a $2.5 billion Buyout Offer with Thoma Bravo
Elliott Management can finally benefit from its stake in Compuware Corporation (NASDAQ:CPWR) and it was for the efforts of the hedge fund firm that Compuware agreed for a $2.5 billion buyout offer from Thoma Bravo. Compuware Corporation (NASDAQ:CPWR)’s shares rose up to 13.26% and closed at $10.59 per share. According to the CEO of Compuware…