Business News

Comcast Corporation To Acquire Ad Tech Firm Visible World

Comcast Corporation To Acquire Ad Tech Firm Visible World

Comcast’s acquisition of AudienceXpress would decrease the reliance of the cable giant on third party systems and push the cable giant an inch closer to the demand side of programmatic video With an aim to bring an increasing number of advertising capabilities in-house, Comcast Corporation (NASDAQ:CMCSA) has signed an acquisition […]

Merrill Lynch Reiterates Bearish Stance On T-Mobile US Inc (TMUS) Stock Despite Merger Talks

Merrill Lynch Reiterates Bearish Stance On T-Mobile US Inc (TMUS) Stock Despite Merger Talks

Merrill Lynch weighs in on the possible merger between T-Mobile and Dish Network, while reiterating an Underperform rating on T-Mobile stock According to a research note published on Friday, Bank of America Corp’s (NYSE:BAC) Merrill Lynch has reiterated an Underperform rating on T-Mobile US Inc. (NYSE:TMUS) stock with a target […]

Credit Suisse Remains Skeptical About Kraft Foods Group Inc (KRFT) Stock

Credit Suisse Remains Skeptical About Kraft Foods Group Inc (KRFT) Stock

Credit Suisse came up with a report on the stock of Kraft Foods Group Inc (NASDAQ:KRFT) today, in which the firm justified why it has maintained its Neutral outlook for the stock and the $85 target price for it. The target price indicates a return of just 0.6% from the […]

This Week’s Jobless Claims Data Negates Scares Of Job Growth

This Week’s Jobless Claims Data Negates Scares Of Job Growth

The jobless claims fell to a 15-year low in the past month, suggesting that the slowdown suggested by the March payroll data might have been a fluke This Week’s Jobless Claims Data Negates Scares Of Job Growth Over the past week (ended April 4), the number of Americans applying for […]

Crude Oil’s (USO) Price Movement Through The Week Ended May 22

Crude Oil’s (USO) Price Movement Through The Week Ended May 22

Crude oil prices closed in the red during the week ended May 22, on the back of a strong US dollar and a slowdown in rig closures in the US. Investors also booked profits during yesterday’s trade following two days of gains, driving the prices downward. During the week, US […]

OPEC Members Say $80 Is “Fair”; Saudi Arabia Silent

OPEC Members Say $80 Is “Fair”; Saudi Arabia Silent

With international oil markets still mired in a downturn due to the sharp decline in crude prices, some members of the Organization of the Petroleum Exporting Countries (OPEC) are now openly calling for a new “fair” price for oil. In Vienna this week, oil ministers from Angola, Venezuela and Iraq […]

Molycorp Inc (MCP) Reports 13th Consecutive Quarterly Loss

Molycorp Inc (MCP) Reports 13th Consecutive Quarterly Loss

On Thursday, Molycorp Inc (NYSE:MCP) reported its result for the first quarter of fiscal’15 (1QFY15, ended March 31, 2015) before the opening bell in New York. The Colorado-based company’s stock price is down more than 18% in the early minutes of trading on the New York Stock Exchange (NYSE), after […]

Why Bank Of America (BAC), Citigroup (C), JPMorgan Chase & Co. (JPM) Stocks Gained Yesterday

Why Bank Of America (BAC), Citigroup (C), JPMorgan Chase & Co. (JPM) Stocks Gained Yesterday

The recently released May jobs report has raised the possibility that the Federal Reserve’s much-discussed rate hike will take place in September. The data indicates a second-quarter rebound with a stronger-than-expected growth for the month of May. Against the expectations of 225,000 jobs, 280,000 jobs were created in the month. […]