Analysts think that the sale of BlackBerry Ltd may give stockholders around reach $15 each per share. Although some believe of a “going-private” transaction for the company, calculations have shown that the company may go up by at least 30 percent. Pre-market movements showed the shares of the company gaining by around 0.5 percent. The […]
Kazuo Hirai, the CEO and President of Sony Corporation, told Daniel Loeb that the company will not split its entertainment division, as suggested by the founder of Third Point hedge fund. Hirai indicated that the board of directors unanimously rejected the plan. The company intends to maintain ownership of 100 percent of its entertainment business. […]
Sprint recently reported a net loss of around $1.6 billion and a reduction of its subscriber base by two million, which may look discouraging for the mobile service provider. However, the company may receive additional capital and expertise following its acquisition by SoftBank, a Japan-based mobile service provider. The loss was based on a quarter […]
A number of new subscribers may have signed up for the streaming service of Netflix Inc. with the release of “Arrested Development,” but shares of the company declined by four percent during after-hours trading recently. According to CFO David Wells and CEO Reed Hastings, a slight increase in membership was noted after new episodes of […]
The S&P 500 closed higher for the eighth consecutive day after Citigroup (NYSE:C) reported a strong adjusted quarterly profit. The Dow Jones Industrial Average and Nasdaq also closed higher at the end of trading on Monday. However, trading volume was the lightest for the year in a full day of trading. Citigroup shares increased by […]
Oracle Corporation (NASDAQ:ORCL) is set to be replaced by Tesla Motors Inc. (NASDAQ:TSLA) at the Nasdaq 100 stock index, according to the Nasdaq OMX Group Inc. The replacement shows the increasing profile of the electric car manufacturer. Oracle revealed last month that is will move its stock listing from the Nasdaq into the New York […]
Carl Icahn is seeking a $5.2 billion loan from investors to support his takeover bid for Dell Inc. (NASDAQ:DELL). An unidentified source indicated that the US business magnate approached Jeffries Group LLC for a $2.2 billion loan with a six-year term. Another loan worth $3 billion will have a 3 1/2-year term. The collaboration between […]
A lawsuit was filed by Sprint Nextel Corp (NYSE:S) against Clearwire Corp (NASDAQ:CLWR) and Dish Network (NASDAQ:DISH) to stop the acquisition of the wireless broadband provider by Dish. The lawsuit, which was filed at the Delaware Court of Chancery, indicated that the tender offer of Dish violated the rights of the shareholders of Sprint and […]
The SoftBank offer for Sprint was increased to $21.6 billion from $20.6 billion as the company increased the stakes in its battle against Dish the acquisition of the mobile service provider. Shareholders will receive a bigger value with the amended merger agreement, according to the company. The company will increase its cash allocation for Sprint […]
Four years after General Motors Co (NYSE:GM) filed for bankruptcy, the company is set to return to the S&P 500. This shows the auto manufacturer is nearing recovery and government ownership is nearing its end. The Detroit-based company was removed from the S&P 500 following its bankruptcy filing in June 2009. The S&P 500 is […]
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