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QE exit all of a sudden

Boston, MA 03/04/2013 (wallstreetpr) – Quantitative Easing, by which the US Reserve Bank buys the nation’s debt to lower the interest rates is said to be dubbed by the Federal Reserve. The Reserve’s Board meeting this week is said to take a final decision on this. The biggest triggers of such a decision is a […]

Sony reveals the launch date of most awaited PlayStation 4

Boston, MA 03/04/2013 (wallstreetpr) – Game enthusiasts around the globe are all keyed up to welcome the new era of entertainment that is to begin with the soon to be launched PlayStation 4 console by Sony Corporation (ADR) (NYSE:SNE). The debut of the latest product revision that is proactively boasted off as the “future of […]

HP’s launches Budget friendly Tablet Slate 7 – HPQ, GOOG, AMZN & AAPL

Boston, MA 03/04/2013 (wallstreetpr) – So much and so long for the accounting hazards; get ready for Hewlett-Packard Company (NYSE:HPQ)’s new low cost tablet of the year. . Yes, the Market’s PC leader announced the expected launch of its new tablet “Slate 7”worth $169 at this years’ Mobile World Congress. The company is trying to […]

Aetna, Cigna and Bupa eyeing Turkey market – AET, CI, CS & MET

Boston, MA 03/04/2013 (wallstreetpr) – Aetna Inc (NYSE:AET), Cigna Corp (NYSE:CI) and Bupa Insurance Ltd are planning to bid for 50% stake in Abraaj Capital Ltd’s Acibadem Saglik & Hayat Sigorta AS mentioned by three people who are familiar with this sale. Abraaj is considered as Middle earth’s biggest Buyout firm, they hired the Raiffeisen […]

J.C.Penney lowest sales a worrying sign for CEO Johnson

Boston, MA 03/01/2013 (wallstreetpr) – J.C.Penney Co. (NYSE:JCP) CEO Ron Johnson is under immense pressure after the initial year of his turnaround plan did not go well and yielded lowest annual sales for the company in the last two decades. The stock fell 15 percent yesterday in late trading after the company announced its fourth […]

Tumbling Groupon may ask Mason to move on – GRPN, GRMN, DELL, EBAY, AMZN & OSTK

Boston, MA 03/01/2013 (wallstreetpr) – Groupon Inc (NASDAQ:GRPN) shares took the biggest dive since November after its projected sales missed estimates and added to Chief Executive Officer, Andrew Mason’s woes. The company board has been considering letting him go. Since then Mason has been focusing on retailing in an attempt to boost profits as the […]

Google’s Pichette cash-stashing for future investments – GOOG & AAPL

Boston, MA 03/01/2013 (wallstreetpr) – Chief Financial Officer of Google Inc (NASDAQ:GOOG), Patrick Pichette said that the company wants to keep aside its cash for future investment opportunities. At the end of 2012, the world’s largest search-engine boasted of $48.1 billion in short-term investments and cash and Pichette said that the company wants to be […]

Facebook Exchange the old for the new – FB, GOOG, YHOO & SCOR

Boston, MA 03/01/2013 (wallstreetpr) – Facebook Inc (NASDAQ:FB) currently has 1.1 billion users and that is not enough. In expansion mode, the micro-blogging site is head-butting its way into a new business that is calling “Facebook Exchange”. Marketers can study the users surfing habits, buy advertisements accordingly in real-time and post them within seconds. As […]

Part of $190 million Metlife win will go towards AIG refund – MET, GE, JPM & NSM

Boston, MA 02/28/2013 (wallstreetpr) – Metlife Inc (NYSE:MET) announced that one of its units had won $190 million in a Tokyo court in a tax case and will have to make a part refund to American International Group Inc (NYSE:AIG). The latter was the original owner of the business. The American Life Insurance Co had […]

Europe loses economic spirit – Espirit loses $ 60 million

Boston, MA 02/28/2013 (wallstreetpr) – The Hong Kong-based Esprit Holdings Limited (HKG:0330) has posted larger than estimated losses of $60 million resulted by Europe’s weakening consumer demand. According to the statement that Espirit made its revenue dropped to HK$13.6 billion by 19 percent which was far greater than estimates made by analysts. Close to 78 […]

ESPN paying $153 million in damages to DISH? – DIS, CMCSA, DTV, TWC, VZ & T

Boston, MA 02/28/2013 (wallstreetpr) – DISH Network Corp (NASDAQ:DISH) is legally seeking damages worth $153 million from The Walt Disney Company (NYSE:DIS)’s ESPN. The allegation is that ESPN has breached a same-term clause in its distribution agreement with DISH and is now offering its competitors like Comcast Corporation (NASDAQ:CMCSA) better terms on licenses for sports […]

Boeing’s 787 to break through dark clouds with layered proposal – BA, 6674, 9201 & 9202

Boston, MA 02/28/2013 (wallstreetpr) – The Boeing Company (NYSE:BA) has put forth a comprehensive proposal before the FAA and need to get the 787 Dreamliner in the air as soon as possible. However, U.S top officials said that the regulators are in no hurry whatsoever and that extensive testing will be carried out before the […]

Apple Investors demand transparency from Tim Cook – AAPL, GOOG, 005930 & IBM

Boston, MA 02/28/2013 (wallstreetpr) – Apple Inc (NASDAQ:AAPL)’s investors want clarity and they want it now. The company’s cash pile is growing and Tim Cook has been promising that he has very active plans about what he wants to do with it. Nevertheless, investors are asking for concrete and transparent proceedings with any investment or […]