AT&T Inc. (NYSE:T) is buying Nuevo Grupo Iusacell, Mexico’s third largest provider of wireless communications and cellular services, for $2.5 billion. AT&T’s purchase of the Mexican telecoms company is bringing in about 8.6 million subscribers. The purchase covers a net debt of $800 million, translating to an equity of 1.8 billion. The move by AT&T…
Are Retail Sector Stocks Amazon.com Inc (AMZN), Children’s Place Inc (PLCE) and Cato Corporation (CATO) Truly Lucrative?
With the holiday season approaching, shopping seems to be reaching its frenzy and investors are inquisitive more than ever to identify stocks which they should invest in to accrue sizeable returns. To this effect, CNBC called upon Paul Hickey, co-founder of Bespoke Investment Group, to provide a few pointers and the names which he came…
BlackRock, Inc (BLK) Hires JP Morgan Executive to Lead New Sales Force Unit
BlackRock, Inc. (NYSE:BLK), the worlds biggest money management company, is set to implement a reorganization of its sales force. In a report by Reuters, the company revealed that it is going to engage the services of Lee Beck. Beck will be tasked with overseeing the company’s sales to wirehouses, with his tenure at the company…
Alibaba Group Holding Ltd (BABA) Hits $9 Billion in Sales on Annual Singles Day Shopping Frenzy
The annual Chinese “Singles Day” Shopping Festival has recorded a total of $9.3 billion in sales for e-commerce conglomerate Alibaba Group Holding Ltd (NYSE:BABA), breaking the company’s sales record for the same event the previous year. The sales figure was realized past midnight after local online Chinese shoppers, together with online customers from overseas, have…
Is GoPro Inc (NASDAQ:GPRO)’s Second Stock Offering Sufficient for Its Survival?
Having tumbled last week, GoPro Inc (NASDAQ:GPRO)’s shares recorded another decline at the end of trading session on Monday, 10th November, 2014. This is attributed to the announcement made by the company that it would be making a public offering of 800 million shares of which 100 million will be raised in-house while the remaining…
Alibaba Group Holding Ltd (BABA) Stomachs the Cake, Icing and Cherry Included
When it comes to the proverbial cake, Alibaba Group Holding Ltd (NYSE:BABA) is one of the few companies in this world which have had the good fortune of not only consuming what it baked but licking the icing and relishing the cherries too. As celebrations for Singles Day kicked off in the world’s largest democracy,…
GoPro Inc (GPRO) Has Filed With the U.S. Securities and Exchange Commission A Plan To Offer The Public $800 Million Worth Of Shares
GoPro Inc (NASDAQ:GPRO) has filed with the U.S. Securities and Exchange Commission a plan to offer the public $800 million worth of shares. In a report by Reuters, a company spokesman affirmed that the sale will commence in the next few weeks and is expected to complete by November. In an email to GoPro employees…
Facebook Inc (FB)’s CEO – Iconic in Humility and Functionality
Technical issues, revenue and performance notwithstanding, if there was a point that went immediately viral during Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg’s interview, it pertained to his apparel. Over the numerous occasions that this young entrepreneur has confronted the world, he has always been found to be wearing a hoodie-fortified grey T-shirt and flip-flops bearing…
Alibaba Group Holding Ltd (BABA) Has Only One Direction to Go – Up
Irrespective of whether reliance on stock market is for an income or simply for the sake of indulgence, Alibaba Group Holding Ltd (NYSE:BABA) is one of the performers which is creating waves and hence is a good investment option. A panel on CNBC regarded the stock’s outlook as bright since it has been rising as…
Which Way Will Twitter Inc (TWTR)’s Fortunes Fly?
It was exactly one year ago – on 7th November, 2013 – that Twitter Inc (NYSE:TWTR), an online mini blogging platform held its first IPO. Since the response was definitely much more effusive than what had been expected, the event was termed as being truly successful as also profitable for the company. However, when it…