The share prices of Pacific Ethanol Inc. (NASDAQ:PEIX) surged by 17.69 percent to close at $4.99 for the trading day. The shares traded in the range of $4.21 to $5.45 per share during the last trading session. Pacific Ethanol Inc. (NASDAQ:PEIX) is involved in the production and marketing of low carbon renewable fuels in the […]
International
Vivendi SA (EPA:VIV) misses profit estimates
Boston, MA 05/15/2013 (wallstreetpr) – The quarterly profits of Vivendi SA (EPA:VIV) missed the estimates of analysts due to price cuts in its units. The earnings before interest and taxes of the company fell by 21 percent to 1.18 billion euros, where the analysts estimated as 1.26 billion euros. Revamp planned The French company had […]
NII Holdings, Inc (NASDAQ:NIHD)’s Shindler shifts from interim to permanent CEO mode – TEF
Boston, MA 05/03/2013 (wallstreetpr) – The Nextel-brand service provider in Latin America, NII Holdings, Inc (NASDAQ:NIHD) (Closed: $7.44, Down by 10.68%) climbed 11 percent after it added users. The company also moved Steve Shindler, the interim Chief Executive Officer into a permanent CEO position. Last quarter, NII added 152,000 subscribers to its existing network. In […]
Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) raises estimates post tax benefit
Boston, MA 05/01/2013 (wallstreetpr) – The luxury St. Regis and W brand-owner, Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) (Closed: $64.52, Up by 3.30%) said that there was a 66 percent rise in its first-quarter earnings. This has been attributed to growth in North America as well as a tax benefit. In a statement, the […]
News Corp (NASDAQ:NWSA)’s new entertainment business’ moniker- 21st Century Fox
Boston, MA 04/17/2013 (wallstreetpr) – In the next few months, the News Corp (NASDAQ:NWSA) (Closed: $31.33, Up by 3.06%) entertainment business is all scheduled to be segmented from the rest of the company, is slated to be called 21st Century Fox and will be the new face of the 78-year-old movie studio brand. This announcement […]
BP plc (NYSE:BP) repairs unit- Los Angeles jet fuel races to three-week high
Boston, MA 04/05/2013 (wallstreetpr) – BP plc (NYSE:BP) (Current: $41.32, up by 0.12%) carried out repairs on its jet fuel hydrotreater at its Carson oil refinery which is California’s second-largest. The company climbed to a three week high with this work in progress. There was to be a scheduled shutdown of the treater for maintenance […]
The bear consumes the American corn – VLO
Boston, MA 04/03/2013 (wallstreetpr) – Market changes can never be isolated cases and more often than not, there will be a chain reaction. Corn has been a major crop for the U.S but there was a slump in its demand just as the demand for wheat and soybeans had dipped. U.S farmers are all set to […]
FedEx Corporation (NYSE:FDX) exposed in overbilling case- says rival United Parcel Service, Inc (NYSE:UPS) will profit – BAC
Boston, MA 04/03/2013 (wallstreetpr) – Two different lawsuit firms have filed independent suits against FedEx Corporation (NYSE:FDX) (Current: $97.34, Up by 0.23%). The charges are that that the courier company has been knowingly and intentionally over-billing its customers for the commercial deliveries carried out by them. U.S. Magistrate Judge Charmiane Claxton passed the ruling in Memphis, […]
U.S stocks gain momentum with Cypriot gust and factory order rustle – HUM, NDAQ, GS & HPQ
Boston, MA 04/03/2013 (wallstreetpr) – The winds of change are finally sweeping across Europe and factory orders in the U.S are topping projections. U.S stocks are also on the upswing taking the Standard & Poor’s 500 Index to a record closure of sorts. Medical insurers cheered the increase in the rate of Medicare payment which resulted […]
Wal-Mart Stores, Inc (NYSE:WMT) says re-stocking rumors baseless- business roaring – TGT, COST
Boston, MA 04/03/2013 (wallstreetpr) – Though Wal-Mart Stores, Inc (NYSE:WMT) (current: $76.02, Up by 0.78%) has been trying to underplay the situation that they are facing with restocking their shelves, the more than 1000 complaints that they have received via e-mail, prove otherwise. Walmart customers from locations as distant from each other as Vermont, Texas, Florida […]
BGC Partners Inc. (NASDAQ:BGCP) to sell its trading platform to Nasdaq OMX Group
Boston, MA 04/03/2013 (wallstreetpr) – The NASDAQ Inc has decided to buy a eSpeed, a type of an electronic trading system for the U.S. Treasuries from the company BGC Partners, Inc. (NASDAQ:BGCP). The cost which the Nasdaq is paying is about 750 million dollars. Moreover it ispaid in cash. It has decided to give one […]
Intel Corp. (NASDAQ:INTC) trying to tie up with media companies for Pay TV sevice- TWX, CBS, CMCSA
Boston, MA 03/27/2013 (wallstreetpr) – Intel Corporation (NASDAQ:INTC) is reporting that its talks with Time Warner Cable Inc. (NYSE:TWX), NBCUniversal Media LLC, which is owned jointly by Comcast Corporation (NASDAQ:CMCSA) and Viacom, Inc. (NASDAQ:VIAB) are going well as it works to acquire content for a first-of-a-kind online pay-TV service. This content includes TV programming and […]
Solar power shines no longer- Suntech collapses – STP, GBL, LDK, TSL, YGE, YZC
Boston, MA 03/25/2013 (wallstreetpr) – Suntech Power Holdings Co., Ltd. (NYSE:STP) (Current: $0.423, Down by 3.98%) announced bankruptcy and is one of the Chinese equities listed in New York. Of these the solar stocks are the ones that are the most erratic and tend to fluctuate wildly. Gamco Investors Inc (NYSE:GBL) (Current: $56.28, Up by […]
Petroleo Brasileiro approves $236.7 billion five-year plan
Boston, MA 03/18/2013 (wallstreetpr) – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) a Brazilian oil company which aims to be among the top five integrated energy companies in the world by 2020, said that the company’s board has approved the 2013-2017 Business & Management Plan (2013-17 BP), with investments of $236.7 billion. Petrobras’ exploration and production […]
500friends raises $5 million in Series B funding round
Boston, MA 03/13/2013 (wallstreetpr) – Startup 500friends, which enables retailers to acquire and retain high value customers, has raised a $5 million in its Series B round of funding. The financing was led by existing investor Intel Capital and Fung Capital, the new investor, along with participation from returning investor Crosslink Capital. The startup said […]
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