US News

Research in Motion Limited (NASDAQ:RIMM): The Canadian telecom company announced the sale of NewBay unit as a part of its restructuring plans. The company had bought the unit for $100 million and the sales deal is reported to have been struck at $55.5 million.

Gold has been performing well for quite some time now. If you are looking to diversify your investment and planning to venture beyond equities and mutual funds, then commodities is the way to go.

Rite Aid Corporation (NYSE:RAD): The stock is trading $1.40, up 7.05 percent from its previous close of $1.31. Rite Aid Corporation posted its first profit in 21 quarters.

MannKind Corp. (NASDAQ:MNKD): This development stage biopharmaceutical company saw great insider interest. The company CEO and Chairman Alfred E Mann bought 40 million shares at the average purchase price of $2.59. The entire transaction was worth $103.6 million.

Nike Inc. (NYSE:NKE): The stock is currently at $104.03, up 5.08 percent from its previous close of $99.00. Nike Inc. reported its second quarter results and its net income for the quarter ended on November 30 fell 18 percent to $384 million.

US Republicans have cancelled a tax vote in the House of Representatives to avoid the fiscal cliff, the automatic combination of tax increases and spending cuts that will hit US economy if politicians won’t agree on a deal before the first of January. After calling a meeting of his Republican party’s lawmakers, the House speaker […]

Herbalife Ltd. (NYSE:HLF): The stock is in the freefall after the news of hedge fund manager Bill Ackman shorting it. Herbalife stock fell to $34.33 in the current trading session and currently is at $35.89, down 3.89 percent from its previous close of $37.34.

NYSE Euronext (NYSE:NYX), the parent company of the 200-year old New York Stock Exchange, is to be sold for US$8.2 billion worth of cash and stocks to a relatively new exchange firm. In a statement, the world’s largest stock exchange operator signed a definitive agreement to be acquired by a rival exchange group, 12-year-old InterContinental […]

US patent authorities rejected Apple’s Inc’s key “pinch-to-zoom” patent, the second piece of  bad news in the last two months for the iPhone maker in its battle against Samsung Electronics. The United States Patent and Trademark Office declared that the “pinch-to-zoom” patent, that helped Apple win $1.05 billion in damages against Samsung in a jury […]

They are just doing their job What do the rating agencies do? They rate the debt issued by a company or a government. After analysts’ recommendations, a committee of senior staff  formally decides a rating (Moody’s and Standard & Poor’s have recently downgraded the rating of France by one notch). Every prime minister or CEO […]