As S&P 500 touches 2000-mark after having maintained a high for six sessions out of seven, it is just reflective of the all-time high being experienced by the US economy during the last 24 hours. While the Dow also rose, it was NASDAQ that created history by touching a new high since March 2000. Mario…
General Motors Company (GM) Update: More than 100 Death Claims Filed in GM-Ignition Switch Fund
According to a spokesperson for Kenneth Feinberg, Amy Weiss, the GM compensation program has received 107 death claims until August 26, 2014. These claims are a part of 309 claims that have been submitted for compensation for accidents caused by a faulty ignition switch in General Motors Company (NYSE:GM) cars. General Motors Company (NYSE:GM) agreed…
Apple Inc (AAPL) Might Come Up with 12.9-inch iPad in Early 2015
Amidst its iPhone 6 launch plans, Apple Inc (NASDAQ:AAPL) is working hard on its iPad by putting pressure on suppliers to speed up the production. The company might start manufacturing the largest iPad with 12.9-inch screen earlier next year. With current iPad versions having 9.7-inch and 7.85-inch screen, this would be the largest iPad nearly…
Allergan Inc (AGN) Sets Date to Decide On Possible Valeant Pharmaceuticals Intl Inc (VRX) Take-Over
Having lost a court battle intended to stall the aggressive proceedings of Valeant Pharmaceuticals Intl Inc (NYSE:VRX), Allergan Inc (NYSE:AGN) finally released the date for special meeting of shareholders as being December 18th, 2014. This date is a fall-out of decision of legal law-suit that went against Allergan Inc (NYSE:AGN) and in favor of Valeant…
Vodafone Group Plc (ADR) (VOD), Compuware Corporation (CPWR) and Colony Financial Inc (CLNY): John Paulson’s Favorite High Dividend Stock Picks
Vodafone Group Plc (ADR) (NASDAQ:VOD), Compuware Corporation (NASDAQ:CPWR) and Colony Financial Inc (NYSE:CLNY) are among the top three high dividend stocks in Paulson & Co hedge fund. John Paulson who became famous after his $5 billion profit from bets placed on gold is managing the fund. (You can see entire list of John Paulson’s Holdings…
Tesla Motors Inc (TSLA), Twitter Inc (TWTR), Facebook Inc (FB): Andor Capital Management’s Top Holdings
Andor Capital Management, managed by Daniel Benton, started as one of the top technology funds in the market. According to the latest SEC 13F filing from the company, its portfolio is worth $1.84 billion with Tesla Motors Inc (NASDAQ:TSLA), Twitter Inc (NYSE:TWTR), and Facebook Inc (NASDAQ:FB) being their top three holdings. (See Daniel Benton’s entire…
Amazon.com, Inc (AMZN)’s Fire Phone Starts With A Gloomy Performance
Amazon.com, Inc. (NASDAQ:AMZN) Fire Phone is not receiving the anticipated response from the market with less than 35,000 phones sold in the first three weeks (25 days). The company has not released any sales figure for the devices; however, a study conducted by Chitika, online advertising network, Amazon’s Fire phone had a 0.02% activity over…
EU Regulators May Open Antitrust Case against QUALCOMM, Inc. (QCOM) based on NVIDIA Corporation (NVDA) Subsidiary’s Complaint
EU Regulators may open antitrust investigation against US-based chipmaker, QUALCOMM, Inc. (NYSE:QCOM), in relation to a 2010 complaint by Icera Inc., a British chipmaker that focuses on mobile broadband, developing wireless modems for USB sticks, laptops and smartphones; and a subsidiary of rival NVIDIA Corporation (NASDAQ:NVDA). Reuters today reported about the possibility of a probe,…
Best Buy Co Inc (BBY) Posts Weak Results, Fears of Private-Equity Takeover Kicks In
Best Buy Co Inc (NYSE:BBY) ended its fiscal second quarter with poor results. For the year, its stock price was down as much as 19% through Monday’s close. And today, the stock price fell by 6.85%. Overall results for Best Buy Co Inc (NYSE:BBY) show that key numbers were down. Comparable-store sales declined 2.7%, domestic…
Comcast Corporation (CMCSA) Ready to Close Time Warner Cable Inc (TWC) Deal in Early 2015
Unlike its earlier claims, Comcast Corporation (NASDAQ:CMCSA) postponed its acquisition period target for Time Warner Cable Inc (NYSE:TWC) to early 2015. According to the company, this extended delay is to accommodate time required for regulatory approvals. Comcast Corporation (NASDAQ:CMCSA) received notice from the federal regulators concerning its content and Internet policies for the review of…