When both Time Warner Cable Inc (NYSE:TWC) and Comcast Corporation (NASDAQ:CMCSA) shareholders overwhelmingly supported the merger of the two companies, many observers thought that the deal was done. However, that’s not the case after U.S. Federal Communication Commission (FCC) failed to issue an approval to the deal, but instead extended the period of scrutiny till…
Google Inc (GOOGL) and Amazon.com Inc (AMZN) Amongst Companies Targeted By OECD
‘Double Irish with Dutch Sandwich’ – Although this phrase gives the impression of belonging to a restaurant, it is in reality a tax evasion technique wherein corporate entities shift profits to an Irish company followed by a Dutch company and then back to an Irish company. This strategy is effective in saving substantially on taxes…
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…
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…
Twitter Inc (TWTR) Gets Buy Rating From Analysts Including UBS and MKM Partners
After UBS investment bank changed the rating of Twitter Inc (NYSE:TWTR) from “neutral” to “buy”, there has been a growing interest in the stock. The social media company has also registered successive three months advancement in the market, a factor that continues to attract more investors. On Tuesday, Twitter Inc (NYSE:TWTR) closed at $50.83, which…
The Boeing Company (BA) and Space Exploration Technologies Corporation Wins $6.8 Billion for U.S. Spacecraft Manufacture
The National Aeronautics and Space Administration (NASA) announced Tuesday that The Boeing Company (NYSE:BA) and Space Exploration Technologies Corporation, popularly known as Space X, are the two companies that have won a $6.8 billion contract to develop a means to the International Space Station. The third company, Sierra Nevada Corporation, that also contended for the…
Bank of America Corp (BAC), Sprint Corporation (S), and Petroleo Brasileiro Petrobras SA (ADR) (PBR): Most Active Stocks of the Week
Bank of America Corp (NYSE:BAC), Sprint Corporation (NYSE:S), and Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) are among the top three stocks traded over the week with highest trade volume. Both Bank of America Corp (NYSE:BAC) and Sprint Corporation (NYSE:S) are trading above their average price. Bank of America Corp (NYSE:BAC) was the most traded share…
Facebook Inc (FB) Surpasses International Business Machines Corp (IBM) and The Coca-Cola Company (KO) in Market Capitalization
Facebook Inc (NASDAQ:FB) is, for all reasons, the biggest name in social media for past several years and the tech-giant has added another feather to its hat. Facebook Inc (NASDAQ:FB) has surpassed both International Business Machines Corp (NYSE:IBM) and The Coca-Cola Company (NYSE:KO) in terms of market capitalization. Facebook Inc (NASDAQ:FB) has become the fastest…
Tesla Motors Inc (TSLA) Is Waiting For The Decision Of Nevada About $1.3 billion Tax Incentives
After winning the race to bag the world’s largest Gigafactory, it is time for the state authorities to decide tax incentives for Tesla Motors Inc (NASDAQ:TSLA). Nevada announced tax incentives worth $1.3 billion earlier this month with the prospects of over $100 billion in future returns from the state over the next 20 years. As…
Bank of America Corp (BAC) Transforming into a Bullish Options Trade
Goldman Sachs Group Inc (NYSE:GS) upgraded the stock rating of Bank of America Corp (NYSE:BAC) on Monday to “Buy” against the previous “Neutral” rating. It makes one of the most interesting transformations of the stock market post the financial crisis. The shares of Bank of America Corp (NYSE:BAC) witnessed an upward rally after the announcement…