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Time Warner Profits from TV Cable Fees

Northern, WI 02/07/2013 (wallstreetpr) – Time Warner Inc.(NYSE:TWX) recorded a three-month high after a boost in profit and the company’s announcement of a share buyback scheme. 60% of the company’s annual sales comes from the TV business. Understandably CEO Jeffrey Bewkes has devised the growth strategy on it. Special emphasis was put on developing high-budget […]

Citigroup Renames Fund Unit Napier Park

Northern, WI 02/07/2013 (wallstreetpr) – A hedge-fund unit of Citigroup Inc.(NYSE:C) has been renamed as Napier Park Global Capital. The fund-unit is estimated to have about $6.8 billion in holdings. Citigroup Inc. (NYSE:C)’s investors and concerned parties including regulators have given the consent to go ahead with the move. Vikram Pandit, former CEO laid the […]

Mc-Graw Hill acted “Foolish” In Lawsuit Over Mortgage Backed Bonds; Levit – MHP

Northern, WI 02/07/2013 (wallstreetpr) – Arthur Levitt, former chairman of the Securities and Exchange Commission has said that McGraw-Hill, Inc. (NYSE:MHP)  and its Standard & Poor 500’s unit are most likely to lose in the lawsuit filed by the US Justice Department.  “The government is going to win” and it was “foolish” of McGraw-Hill  not […]

Three stocks which you have missed – OPXA, CEP, REV

Northern, WI 02/06/2013 (wallstreetpr) – It was a day for stocks like Opexa therapeutics, Constellation energy partners and Revlon inc which gained most on the backdrop of news and positive sentiment. Opexa Therapeutics Inc (NASDAQ:OPXA): OPXA (Opexa Therapeutics Inc.) is a bio pharmaceutical company specialized in developing personalized cellular therapies for curing potential illness. The […]

DuPont coatings unit taken over by Carlyle

Northern, WI 02/05/2013 (wallstreetpr) – The performance coatings business of DuPont Co.(NYSE:DD) was acquired by The Carlyle Group(NASDAQ:CG) for $4.9 billion. Faster growing businesses like agriculture and advanced materials would now be its priority, DuPont had said in August, at the time of announcing the deal. The coatings business dealt with the sale of supplies […]

Rihanna’s battle Against Lower Music Royalties of Pandora – SIRI, CCMO, AAPL

Pandora, the internet music services, requested for congress help in lowering down the royalties it pays to their musicians. Rihanna, holding 63 million Facebook fans, a hot 24 years age old singing young superstar   strictly opposed Pandora bid of cutting musicians royalties. Pandora says it’s difficult to survive in the part of a U.S music […]

CFO and others suspended by Walmart India – WMT, BHARTIARTL

Chief financial officer and other employees were suspended by Wal-Mart Stores Inc. (NYSE: WMT) was accused of violating U.S. anti-bribery laws, a development that could hamper India’s efforts to open its domestic retail for foreign investment. The worlds largest retailer Wal-Mart Stores Inc. (NYSE:WMT) said that it is conducting inquiries of bribery allegation in Brazil, […]

Caterpillar (NYSE:CAT) Announces 29th-Straight Quarter Global Sales Up 4% – CAT, DJI, UTX, MMM, LUK

Construction and mining equipment firm, Caterpillar Inc. (NYSE:CAT)’s sales continued to grow fairly, increasing 8 percent all through the world in the quarter to the end of October. It was the 29th-straight quarter of retail-sales growth for the world’s biggest seller of bulldozers, excavators, and wheel loaders. However, the growth rate has turn into uneven […]

Best Buy (NYSE:BBY) Announces Profit Lower Than Expects – BBY, GME, RSH, HGG, CONN

Best Buy Co., Inc. (NYSE:BBY) declared on Tuesday that a lower than anticipated profit and its ninth same-store sales plunge in 10 quarters, highlighting the challenges its new CEO faces in annoying to turn around the world’s biggest consumer electronics chain. The retailer, which faces cutthroat rivalry from the likes of Amazon.com Inc (NASDAQ:AMZN), Wal-Mart […]

Syntel Announces its Third Quarter Profits: Good News in the Offing (SYNT)

A global IT services and Knowledge Process Outsourcing (KPO) company, Syntel (NASDAQ: SYNT), announced its financial results for the third quarter, which ended on September 30, 2012. According to the posted results, net income increased to $51.48 million from $26.21 million last year. The profit per share increased from $0.63 to $1.23. Net revenues also […]

Gentex Q3 Revenue Below Estimate, Shares Recover After 11% Fall (GNTX)

Reacting to a decline in fiscal 2012 third-quarter net income and concerns over the existing volatility in the European market, the shares of Gentex (NASDAQ: GNTX) plunged by 11% in the first hour of trading before retracing most of its losses. The Michigan-based company manufactures electro-optical products for the automotive, commercial building and aircraft industries. […]

Fortinet Releases New FortiOS 5.0 for Increased Security, Intelligence and Control (FTNT)

A global leader in high performance based on advanced levels of network security, Fortinet (NASDAQ: FTNT), has just announced the release of its latest advanced security operating system: the FortiOS 5.0. All over the world, the famous FortiGate integrated security platforms are based on the operating systems created by the company and this latest addition […]

2012 POPULAR MECHANICS Breakthrough Award Given to 3D Systems (DDD)

3D Systems (NYSE: DDD) has been named one of the winners of the much anticipated 2012 POPULAR MECHANICS Breakthrough Award for its consumer 3D printer, the Cube. The Cube is a revolutionary new printer designed to meet the 3D printing needs of consumers, businesses and all organizations, small or large. The Breakthrough Awards, given by […]

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