Verizon shares retreat a third straight session on Wednesday, company moving closer to Yahoo acquisition

February 16, 2017
Verizon shares retreat a third straight session on Wednesday, company moving closer to Yahoo acquisition

According to a person with knowledge of the matter, Verizon Communications Inc (VZ) is moving closer to a new deal to acquire Yahoo’s core Internet business. The new agreement is said to envisage a $250 million to $350 million lower price compared to what has been agreed on initially ($4.83 […]

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Cisco shares gain the most in two weeks on Wednesday, company’s quarterly earnings top market expectations

February 16, 2017
Cisco shares gain the most in two weeks on Wednesday, company’s quarterly earnings top market expectations

Cisco Systems Inc’s (CSCO) adjusted earnings per share outstripped market expectations during the second quarter ended on January 31st, largely supported by sound demand for security products. Cisco shares closed higher for a fifth straight session on Wednesday, while also logging their largest daily increase since February 2nd. The stock […]

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Apple shares log a fresh all-time high closing level on February 14th, previous record intraday high also broken

February 15, 2017
Apple shares log a fresh all-time high closing level on February 14th, previous record intraday high also broken

Apple’s stock marked its new highest close on record on February 14th, supported by expectations that the release of a 10th-anniversary iPhone will prop up the company’s sales. Apple shares gained 1.30% ($1.73) to $135.02, or a closing price that exceeded the prior record-high close of $133.29, recorded on February […]

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Comcast shares gain a fourth straight session on Tuesday, NBCUniversal acquires a stake in Euronews

February 15, 2017
Comcast shares gain a fourth straight session on Tuesday, NBCUniversal acquires a stake in Euronews

According to an internal memo, cited by Reuters, NBCUniversal, the media conglomerate owned by Comcast Corporation (CMCSA), has acquired a stake in broadcaster Euronews. At the same time, Noah Oppenheim has been named as NBC News President. No financial details of the deal, however, were revealed in the document. Comcast […]

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Apple shares register their highest close on record on February 13th ahead of the 10th-anniversary iPhone release

February 14, 2017
Apple shares register their highest close on record on February 13th ahead of the 10th-anniversary iPhone release

Apple’s stock marked the highest close on record on February 13th, supported by expectations that the release of a 10th-anniversary iPhone will prop up the company’s sales. Apple shares gained 0.89% ($1.17) to $133.29, or a closing price that exceeded the prior record-high close of $133.00, recorded on February 23rd […]

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DuPont shares gain a third straight session on Monday, company settles lawsuits related to toxic chemical leak

February 14, 2017
DuPont shares gain a third straight session on Monday, company settles lawsuits related to toxic chemical leak

According to a February 13th statement, DuPont (DD) and Chemours Co have agreed to pay $671 million in cash in order to settle a number of lawsuits, related to a leak of toxic chemical used in the production of Teflon. The liability was $300 million below what Wall Street analysts […]

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