Circa 1996 was the year that was witness to the launch of Surge, a citrus-flavored beverage, by Coca-Cola Company (NYSE:KO) in a bid to compete with Mountain Dew, a similar drink marketed by its arch-rival PepsiCo. As luck would have it, this brand turned out to be one the most short-lived creations and was soon…
Yahoo! Inc. (YHOO) to Benefit From Alibaba’s New Price Range for IPO
Just two days before its first public offering on September 18, Alibaba Group Holding Ltd has raised its price range to $66 to $68 for its initial public offering. The company is likely to raise nearly $21.4 billion at the mid-point of this new range. Yahoo! Inc. (NASDAQ:YHOO) is likely to benefit from the raised…
Apple Inc. (AAPL) Breaks Pre-Order Sales Record, Selling More Than 4 Million iPhone 6 and iPhone 6 Plus
Apple Inc. (NASDAQ:AAPL) has announced that the pre-order sales of iPhone 6 and iPhone 6 Plus has broken its previous pre-order sales record after the company registered a sale of more than 4 million units within just 24 hours. The new iPhones were released last week after a long period of rumors and speculations. “iPhone…
Netflix, Inc. (NFLX) Starts European Expansion with First Launch in France
As a part of its European expansion plans, Netflix, Inc. (NASDAQ:NFLX) has launched its service in France. The move is primarily aimed to increase the revenue of the company by exploring new markets, especially in countries including Germany, Austria, Belgium, Luxembourg, and Switzerland. Introducing video streaming services in France is the biggest expansion until now…
Google Inc (GOOGL)’s Driverless Technology Not Welcomed by Major Automakers
Google Inc (NASDAQ:GOOGL) is the name that defines innovation in various aspects of life; let it be Google glasses, Android operating system or the evolving search industry. Driverless car is the latest addition to it. The target of Google is efficient, safe and enjoyable driving. However this time around, Google is not welcomed by the…
Yahoo! Inc. (YHOO)’s Alibaba Rule Out Listing on NASDAQ to Avoid Facebook (FB)’s First IPO Fate
Just a week before the biggest IPO in the U.S. stock market history, Alibaba ruled out listing on NASDAQ primarily because of a suspicion in NASDAQ’s ability to handle the IPO. Irrespective of the fact that listing on NASDAQ could have helped Alibaba’s inclusion in NASDAQ 100 index making it mandatory for funds tracking the…
Sprint Corporation (S) Shares Travel Northwards Following a Slump
If mergers are meant to benefit companies, none could be more contrary to this fact than Sprint Corporation (NYSE:S) whose share value has been on the rise ever since talks with T-Mobile broke down. This caused an immediate spike in its share value which recorded an increase of 6.5% to end up at $7 for…
Facebook Inc (FB) Ropes In Google Inc (GOOGL) Employee to Accomplish Its Goals
Provision of Internet service via satellite seems to be the latest obsession with networking companies and it has not deterred them from poaching each other’s employees if it means gaining an edge over the competition. The latest to jump is a Google Inc (NASDAQ:GOOGL) employee Michael Tseytlin who now ranks amongst thousands of Facebook Inc…
Yahoo! Inc. (YHOO) Stock Set to Benefit from Boosted Alibaba IPO Price
The planned boost of Alibaba’s IPO price could consequently boost Yahoo! Inc. (NASDAQ:YHOO) stock, which has been facing numerous challenges. Yahoo! hasn’t had a smooth run in its core business, a factor that has seen the company come up with several strategic actions to gain traction. In the last one month, the company’s performance has…
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…