28 Aug 2012 @ 23:16
Amid sharp plunge in prices of its main product, butadiene, on account of weak demand from tire manufacturers, chemical company, TPC Group Inc. (
NASDAQ:TPCG) has agreed to be acquired by private equity firms First Reserve Corp. and SK Capital Partners in a deal estimated at $627.2 million.
27 Aug 2012 @ 23:54
Trimble Navigation Ltd. (
NASDAQ:TRMB) revealed on Monday that it is about to acquire TMW Systems Inc, a specialized software maker for transportation and logistics industries, in an all cash deal worth $335 million.
27 Aug 2012 @ 23:53
High-end jewelry retailer, Tiffany & Co. (
NYSE:TIF) reported weaker-than-expected fiscal second-quarter results on Monday, with both earnings and revenue falling short of Street’s expectations as cost conscious consumers in the wake economic uncertainty spent thriftily on luxury shopping.
25 Aug 2012 @ 19:06
Navistar (
NYSE:NAV), the truck and diesel engine manufacturing giant and holding company asked for the resignation of CEO Dan Ustian in an effort to regain a vestige of investor confidence in the company that has faltered so dramatically in the past two years. The share price closed today at $23.32, up a slight 0.34 cents […]
24 Aug 2012 @ 05:17
The Gold price has raced ahead by $32.30 to $1672.80 an ounce today thanks to the release of the last minutes of the meeting of the Federal Reserve Open Markets Committee (FOMC) that showed QE3 is just inevitable. Like we did not know that already. But this is just the start. Phrases involving genies and […]
24 Aug 2012 @ 00:23
Food processing company, Hormel Foods Corp. (
NYSE:HRL) reported a 13% jump in fiscal third-quarter earnings as its sales continued to soar.
24 Aug 2012 @ 00:21
Bringing an end to its antitrust investigations on Wednesday, the U.S. Federal Trade Commission has approved Facebook Inc.’s (
NASDAQ:FB) acquisition of Instagram. Accordingly, Facebook is now allowed to complete its acquisition of Instagram.
22 Aug 2012 @ 23:14
I have explained numerous times since Facebook (
NASDAQ:FB) stock IPO’d at $38 a share in mid May why I think that the shares are on fundamentals worth no more than $7.30. Actually it is pretty hard to put any value on this company as there is just so little visibility of earnings. And for that […]
22 Aug 2012 @ 22:43
I have warned so many times that China is set for a hard landing in the second half of 2012 that if you have ignored my numerous articles then there is probably no helping you at any stage. But I shall try again and I shall be brief. That is a pun. I am talking underpants here. […]
17 Aug 2012 @ 01:32
“What a tangled web we weave, when first we practice to deceive.” Was there a banking scandal in Sir Walter Scott’s day, or did he foresee one coming? Whatever, the answer, he sure got it right. The banking world is a mess. It seems like Barclays has been in the headlines more often in the […]
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