Boston, MA 02/05/2014 (wallstreetpr) – Newcastle Investment Corp. (NYSE:NCT) holds Investors Call early today whereby the company promised to discuss among other things, an update concerning the spinoff of its interest in New Media Investment Group Inc. NTC previously announced intension to spin off stake in New Media and thus a follow up will be necessary in the upcoming Call. Newcastle Investment Corp. (NYSE:NCT) had an interesting day Tuesday whereby it gained 12 cents per share to close up $5.53.
The Coca-Cola Company (NYSE:KO): Although the Sprite-maker is drawn in some sort of heated discussion over its Super Bowl ad, the stock seems to be above board. KO managed to rise 0.75 percent of 28 cents to $37.48 per share on Tuesday. As regards the Super Bowl ad, a wide range of views have been generated with some bordering on grateful and other on hateful. The company’s ad featured scenes of everyday Americans life and more so a multilingual rendition “America The Beautiful” being heard in the background. Since that ad went on air, social media platforms such as Twitter Inc (NASDAQ:TWTR) have been lit up with reactions. Some tweets even expressed boycott of The Coca-Cola Company (NYSE:KO) in favor of rival Pepsi.
Medtronic, Inc. (NYSE:MDT) has failed to make it to a positive conclusion with its trial of a high blood pressure device. The company has been trying to tap into the potentially multi-billion dollar industry of blood pressure management industry, but the outcome of its recent trial comes as a big disappointment. The stock tumbled more than 2 percent to $53.60 Tuesday following the bad news. Just recently the company announced relocating its regional headquarters to Dubai, citing good infrastructure, strategic location and accessibility of the Middle East and African (MEA) region. In the press release announcing the office changes, Medtronic, Inc. (NYSE:MDT) mentioned growth prospects in the region for which it intended to zero in on. But the device trial setback might scuttle some of its plans.
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