June 19, 2013 12:47 pm
The Paris Airshow started today with major orders placed for the Airbus A380 and for Boeings 787 Dreamliner. Both companies were stating positive numbers as the demand of planes vastly increased after the show. Boeing attracted order for 30 of its 737 MAX 8 aircraft. The deal is worth $3 billion from leasing firm CIT […]
Read moreJune 19, 2013 11:18 am
Globally, telecoms are aspiring mergers as a way to expand their presence on the market. That is often one of the usual ways utility-structured companies gain market share as their high level of capacity is being reached. Telecommunication firms are preparing for what is believed to be the largest telecom merger spree since year 2006. […]
Read moreJune 19, 2013 9:03 am
Mark Zuckerberg, the founder and CEO of the worlds largest social network Facebook, traveled to South Korea to meet the co-CEO Shin Jong-kyun to discuss a potential partnership between the two companies. Jong-kyun “JK” Shin, is running Samsung Electronic’s all-important handset division. According to Bloomberg, Shin said to reporters that the two had talked about […]
Read moreJune 19, 2013 7:25 am
Huawei Technologies Co, the Chinese smartphone producer declared petite for buying Nokia as company aims to become world smartphone leader according to the head of its consumer business cited by Financial Times. The company recorded a quick progress in the industry despite there werent any major acquisitions made by the phone manufacturer. However, Huawei became […]
Read moreJune 19, 2013 6:32 am
US stocks rose for a second day in a row after last weeks decline. Investors are waiting for Bernankes statement on current economy condition which is to take place later today. The Feds Chairman declared last month that government is going to taper the stimulus package only when a stable growth indicators of US economy […]
Read moreJune 18, 2013 6:15 am
US stocks map was all green yesterday with the S&P 500 offset last week decline. Investors still wait for more clarity on the subject of reducing bond purchasing program. It is expected from Fed’s Chairman, Ben Bernanke, to make a statement concerning the stimulus case. The S&P 500 gained 0.8% after being up 1.2% in […]
Read moreJune 17, 2013 3:29 pm
Company Name Pfizer Inc. Stock Exchange NY Stock Exchange (PFE) Listings London PFZ Euro Listings Swiss Industry Pharmaceuticals Sector Health Care Founder(s) Charles Pfizer Charles Erhart Founded 1849 Headquarters New York CEO Ian Reed Employees 91000 Revenue 58.98B EBITDA 25.34B Subsidiaries Agouron Pharmaceuticals G.D. Searle & Company Grenstone Parke-Devis Warner Lambert Wyeth Main Competitors Merck […]
Read moreJune 17, 2013 1:19 pm
Investors are being careful today as they expect Feds Chairman Ben Bernanke to give more information about an eventual stimulus cutback. The main indexes around the world raised. US stock futures followed, indicating a possible jump in main US benchmarks today. Futures on S&P 500 expiring September increased almost 1% in the morning, 11:00 am […]
Read moreJune 17, 2013 11:32 am
Lowes Companies is expected to buy the majority of assets of Orchard Supply Hardware Stores Corp. for $205 million after the latter filed for Chapter 11 bankruptcy protection according to court documents. The company was part of Sears Holdings Corp. before the spun off. The company reported that it may not be able to make […]
Read moreJune 17, 2013 9:40 am
Even though low-cost tablet market doesnt allow companies to make big profit margins, PC makers are seeing potential in number of sales. A price around $120-$140 looks unrealistic to the quality of a major tech brand but becoming a target for companies like Asus, Acer, HP and Lenovo. Some of them already launched their “under […]
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