Category: Financial

GE- Baker Hughes Deal Nearing Completion?

General Electric Co.(NYSE: GE)  is nearing an approximately $30 billion deal with Baker Hughes Inc to integrate its oil and gas segment with the latter. This deal will establish …

Can GoPro Resume its Rally Last Week?

Last week was a significant one for GoPro Inc (NASDAQ: GPRO) as its Karma drone hit retailers on Sunday and the stock also experienced positive momentum during the previous …

General Electric Acquires LM Wind Power

General Electric Company (NYSE: GE) recently announced that it is considering to acquire LM Wind Power for around $1.65 billion. Because of this, RBC Capital reaffirmed a rating of …

Can Wal-Mart Beat Amazon?

Wal-Mart Stores Inc. (NYSE: WMT) conducted it Investment Community Meeting during the first week of October at which the retail giant’s management outlined the strategic framework of the company …

Here’s Why You Should Go Long with NVIDIA

The chipmaker NVIDIA Corporation (NASDAQ: NVDA) has been rallying for the last three years as its share price almost tripled during the period. The corporation has been reporting robust …

Exelon Beats Q2 Earnings Estimates

Exelon Corporation (NYSE: EXC) reported its second quarter financial results for the current fiscal year on August 9. The energy company announced adjusted earnings per share of $0.65, topping …

Verizon to Buy Fleetmatics for $2.4B

Verizon Communications Inc. (NYSE: VZ) and Fleetmatics Group PLC recently announced that they have entered into a definitive deal, wherein the telecommunications company will purchase Fleetmatics for $60.00 per …

GM Bullish on Chinese Auto Market

General Motors Co (NYSE: GM) is bullish regarding the recovering Chinese auto market and is responding to a transition in growth towards more utilitarian models in smaller cities. According …

Facebook Beats Analysts’ Q2 Earnings Forecasts

Facebook Inc. (NASDAQ: FB) reported earnings and revenue for the second quarter, which crushed analysts’ forecasts.The social networking giant announced adjusted earnings of 97 cents per share on $6.44 …

Apple Revenues Could Drop 20% in China

The revenues of Apple Inc. (NASDAQ: AAPL) in China could slump by 20 percent in China in its earnings report for the quarter, based on a research by Baidu—the …

Chevron’s Gorgon Operations Stay Suspended

The production of liquefied natural gas at the Gorgon facility of Chevron Corporation (NYSE: CVX) stays suspended after nearly 2 weeks after the gas leakage incident, according to a …

Netflix Growth Threatened by Brexit?

As Britain voted to leave the European Union, Netflix Inc. (NASDAQ: NFLX) is worrying about its plans for global expansion. As financial markets all over the world crashed and …

Microsoft Updates Microsoft Wallet App

Microsoft Corp. (NASDAQ: MSFT) stated that mobile phone users utilizing the Microsoft Wallet application can now pay at traditional retail stores by tapping their mobile handsets on terminals located …

GE Agrees to Purchase a Unit of South Korean Firm

General Electric Company (NYSE: GE) has recently agreed to purchase the heat recovery steam generators of Doosan Engineering and Construction company of South Korea for approximately $250 million.The mentioned …

Encana Slumps on Downbeat Earnings

The stock of Encana Corporation (NYSE: ECA) edged lower by almost 12 percent, after the release of its earnings results for the first quarter of fiscal year 2016, which …

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