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…
Data Breach at JPMorgan Chase & Co. (JPM) Comes Under FBI Scanner for Possible Russian Linkage
Hacking of databases of at least two US financial institutions, one of which is JPMorgan Chase & Co. (NYSE:JPM), around mid-August has caused the federal authorities in the country to sit up and take notice. Having launched a full-fledged investigation, the loss was identified as being to the tune of several gigabytes of sensitive data…
Microsoft Corporation (MSFT) and QUALCOMM, Inc. (QCOM) Are Facing Antitrust Issues In China: Satya Nadella, Microsoft CEO, Ready to Visit China in September
Among the atmosphere of mistrust against Microsoft Corporation (NASDAQ:MSFT), the Chief Executive Officer, Satya Nadella, is all set to visit China. After banning Microsoft Windows 8 in China, China is planning to launch its own operating system in the upcoming months. Considering the large number of Microsoft Corporation’s (NASDAQ:MSFT) clients in China, it might be…
Celgene Corporation (CELG), Lam Research Corporation (LRCX), Altera Corporation (ALTR), and VMware, Inc. (VMW) Might Have Problems With Tax Authorities
Last thing that any company would want is to get under the radar of the Internal Revenue Service but according to a report filed by Gradient Analytics, some companies are indulged into desperate and somewhat alarming efforts to cut their taxes. According to a research carried out by Nicholas Yee, six companies including Celgene Corporation…
Nvidia Corp (NVDA), Monster Beverage Corp (MNST) and Gap Inc (GPS) Are Rising With The Latest Global Geopolitical Developments
NVIDIA Corporation (NASDAQ:NVDA), Beverage Corp (NASDAQ:MNST) and The Gap Inc. (NYSE:GPS) were the companies which closed the week with the significant gains. Dow Jones having bottomed out the previous day since April this year, American stocks opened on a rising on Friday in previous week, much to the relief of investors across the nation…
SolarCity Corp (SCTY) Shares Gain Momentum after Second Quarter 2014 Results
SolarCity Corp (NASDAQ: SCTY) has gained momentum in its share prices after the second quarter 2014 earnings. The share price has increased by 1.1% after the announcement of the second quarter financial results on August 7, 2014. Further, the brokerage firms are hopeful for further improvement in SolarCity Corp (NASDAQ: SCTY)’s share prices. It has…
Inphi Posts In-Line Results; USANA Disappoints
Inphi (IPHI) is higher in after hours trading after the company posted financial results for Q2, or the quarter ended June 30, 2014, that matched analysts’ expectations, and provided guidance for Q3 in line with forecasts. Shares are up 1.17% at $12.94, with a 52-week range of $10.87 – $16.56. The provider of high-speed analog semiconductor…
Trulia Posts Solid First-Quarter Results; Fiscal 2014 Revenue Guidance Increased
Trulia reported solid fiscal first-quarter results; revenue of $54.5 million was above the consensus estimate of $53.5 million, and adjusted EBITDA of $2.8 million exceeded the Street expectation of $1.6 million. Subscribers reached 66,700 during the period, ahead of the Street’s expectation of 64,140, driven primarily by inventory expansion. Fiscal 2014 revenue guidance was increased…
Mercury Systems Reports Strong Quarter; Restructuring Plan Ahead of Schedule
After the markets closed on Tuesday, April 29, Mercury Systems announced results above Street consensus for both top- and bottom-line results. Mercury announced that its restructuring and acquisition integration plans are ahead of schedule, ultimately leading to cost savings earlier than expected. Mercury also achieved record bookings of $74 million or a book-to-bill ratio of…
Riverbed Technology Report Roughly In Line Results and Guidance
Riverbed’s first-quarter results were slightly ahead of consensus with revenue $400,000 ahead of the Street target and non-GAAP EPS beating the Street by a penny. During the quarter, solid enterprise and international sales were offset by continued weak U.S. federal sales, though management expects this vertical to rebound over the next couple of quarters as…