In early June, Apple Inc. (NASDAQ:AAPL) did a stock split in seven-to-one ratio, which fell in line with the company’s plans to augment share buybacks and to boost its dividend payment. The company noted during the announcement of its stock split that they planned to do it in order to make the stock of the company more available to investors. The stock split will not adversely impact the existing shareholders or the value of company’s shares as the split will simply multiply the outstanding shares by seven. Stock Split Effect As a result of the stock split, shareholders as on…
Author: Neha Gupta
Multinational financial information provider, S&P Capital IQ, in an interview on CNBC via one of its senior directors Todd Rosenbluth highlighted some of the best stocks that they are recommending for buying. Mr. Rosenbluth was quick to point out that from an earnings point of view that the first quarter was relatively weak for a number of stocks. The first quarter, according to Mr. Rosenbluth, saw a number of retailers reducing prices in order to move more inventory out of the door. It goes without saying that the housing industry has been quite slow for the first half of the year…
Down Jones Industrial Average 2 Minute (INDEXDJX:DJI) could finally hit the 17,000 mark as big tech’s performers continue to push the 16,000 mark that has stagnated over the past seven months. Tech stocks led by the likes of Intel Corporation (NASDAQ:INTC) and Microsoft Corporation (NASDAQ:MSFT) have been doing their part in pushing the mark over the past few months. Dow components like, Microsoft Corporation (NASDAQ:MSFT), has been gaining traction in the industry, especially after the appointment of its new CEO Satya Nadella early in the year. According to Dominic Chu of CNBC, the company could gain even more traction…
As nations battle it out on the fields of Brazil for that elusive world cup title, so are Oracle Corporation (NYSE:ORCL) and SAP AG (ADR) (NYSE:SAP) battling out it on the global business arena. In a recent report, CNBC has analyzed the profiles of Oracle and SAP, which are now shifting their attention more into the cloud as more business continue to seek relevant solutions in this space. Co-Founded in 1977 by the flamboyant and among the richest people in the world, Larry Ellison, Oracle Corporation (NYSE:ORCL) is a provider of enterprise software as well as computer hardware products and…
The French hurdle is clear for General Electric Company (NYSE:GE) as it gets nod from Alstom SA (ALO), the French equipment maker, to buy all of its power business in a $17 billion offer. During an interview on CNBC, Giles Sitbon, who is a senior fund manager at Sycomore Asset Management revealed his views about the deal between the two companies. Attractive Proposition General Electric Company (NYSE:GE) had presented a binding offer to Alstom for a fixed proposed price of $17 billion, which has been unanimously approved by the Board of Directors of Alstom. Commenting on the deal, Sitbon said, “I think it’s…
The industry for 3D printing that was riding on a bubble had taken a hit in May 2014 when ExOne Co (NASDAQ:XONE) reported a decline in revenue by 8% to $7.3 million in the 1st quarter for the year. The revenue reported failed to meet the expectation of analysts who had targeted a revenue of $10 million. There was also a fall in the gross margin to 22.2% compared to 35.8% for the same period last year. In comparison, 3D Systems Corporation (NYSE:DDD) also reported in April, a fall in gross profit margin by 130 basis points to 51.1%. The…
In the show, ‘Taking Stock’ on BloomBerg TV, anchor Pimm Fox shared an interview with David Sable, the Global CEO of Y&R, a global marketing communications company, with ‘Market Makers’ anchor Stephanie Ruhle, at the Cannes Creativity Conference. According to Sable, what he likes about advertising is simplicity and the ability to tell great stories. He said: “I love it that everybody from Facebook Inc. (NASDAQ:FB), to DreamWorks Animation Skg Inc. (NASDAQ:DWA) to Twitter Inc. (NYSE:TWTR) is running courses on storytelling.” He added that today the advertising industry which was looking as if it was written off is back. In order to prove…
General Electric Company (NYSE:GE)’s offer to buy the Power and Grid businesses of the France based transport and energy infrastructure manufacturer, Alstom, has been recommended by the latter’s Board, General Electric said in a statement. General Electric Company (NYSE:GE) was informed yesterday that Alstom’s board Members have unanimously agreed to recommend shareholders to vode in favor of the proposed offer. The next part of the deal involves a consultation with the Works Councils and the approval from the company’s shareholders, in addition to regulatory approvals. The deal is expected to be completed next year. General Electric Company (NYSE:GE) seeks to acquire the…
Sprint Corporation (NYSE:S) which is trying to acquire T-Mobile Us Inc. (NYSE:TMUS), is said to have been in talks with eight banks to finance its proposed acquisition, Reuters reported. The terms of the financing arrangement are expected to be finalized by July, whereas the deal is expected to be announced by August 2014. Sprint Corporation (NYSE:S) will be taking on more than $40 Billion in debt. As part of the financing by banks, a bridge loan of around $20 Billion will be made available by Softbank Corp. (Japan) (OTCMKTS:SFTBY), which is the parent company of Sprint and another $20 Billion…
Speaking to Jeff Pulver, the co-founder of Vonage, which is a telephone service company and Zula, which is a team communication app, and anchor Deirdre Bolton on Fox Business discussed on the latest concept of T-Mobile Us Inc. (NYSE:TMUS) and the release of Amazon.com Inc.’s (NASDAQ:AMZN) ‘Fire Phone.’ Pulver said that he was more interested in High Definition Voice (HD Voice), which he consider will be a game changer going ahead. On Amazon.com Inc. (NASDAQ:AMZN)’s smartphone called the ‘Fire Phone,’ Pulver said: “I believe if he (Jeff Bezos) stays in the phone business, 2 years from now it will not look…
Reporting on a recent release by Reuters, CNBC’s Dominic Chu, highlighted three important aspects of the latest news on Apple Inc. (NASDAQ:AAPL)’s smartwatch. Firstly, as stated by Chu, mass production of the smartwatch will begin in July. Secondly, he mentioned that some suppliers are also being named in the release by Reuters, that included LG Display Co from south Korea and Heptagon from Singapore. Moreover, according to the release, manufacturing of the smartwatch will be done by Quanta Computer from Taiwan. Thirdly, Chu added “Apple aims to ship about 50 million of these smartwatches in the first year of the…
As part of a discussion on the recent earnings release of Darden Restaurants Inc. (NYSE:DRI), for the 4th Quarter and fiscal year ended May 25, 2014, Carl Quintanilla, co-anchor of the show “Squawk on the Street” on CNBC, highlighted the fact that Darden has underperformed the S&P by 15 points. The earnings release for Darden Restaurants Inc. (NYSE:DRI) on June 20, reported sales of $2.32 billion for the fourth quarter of which included the discontinued operations of ‘Red Lobster.’ The earnings of $0.65 per share are below the expectations of The Street and the last year result of $1.01, even…