April 26, 2023 7:38 am
The Dow Chemical Company (NYSE:DOW) stated second-quarter earnings that beat analysts’ estimates as the plastics business posted record profit on lower costs for oil and natural gas. “Performance plastics experienced the highest margin growth” amid lower feedstock costs and good price management, Hassan Ahmed, a New York-based analyst at Alembic […]
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6:47 am
Microsoft Corporation (NASDAQ:MSFT) top lawyer used a captive audience at this year’s Worldwide Partner Conference to assure cloud storage customers that they can trust the security of the their data from both hackers and overreaching governments, including spy agencies in the U.S. Brad Smith’s first-ever presentation at the conference signals […]
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6:39 am
Celgene Corporation (NASDAQ:CELG) released on Tuesday that it decided to purcahse Receptos Inc. (RCPT) for around $7.2B in cash. Celgene will take over all of the outstanding shares of Receptos through a wholly-owned subsidiary for $232 a share in cash. The transaction has been permitted by the boards of directors […]
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6:31 am
Mining giant, BHP Billiton Limited (NYSE:BHP) declared that it predicts to recognize an impairment charge of around US$2B post-tax or regarding US$2.8B pre-tax against the carrying worth of its Onshore US assets as an outstanding item in the 2015 financial year results. The company noted that the gas focused Hawkville […]
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6:22 am
Macy’s, Inc. (NYSE:M) swings after it activist investor Starboard Value purchased a stake, declaring the department-store chain’s stock would be worth $125 if it better capitalized on its real estate. Macy’s could separate its properties from operations, unlocking value for investors, Starboard Chief Executive Officer Jeff Smith said on Wednesday […]
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6:05 am
Bank of America Corporation (NYSE:BAC) reported that its Q2 net income applicable to common shareholders of $4.99B or $0.45 per share, as compared to $2.04 billion or $0.19 per share in the comparable quarter last year. In the premarket trade, the shares are trading up 2.75 percent. On average, 29 […]
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