Category

Stocks

Yum Brands Shares Soar For Second Day on China-Fueled Earnings Surprise

From Staff Reports Yum Brands Inc. (YUM), the former PepsiCo (PEP) spin-off and current operator of the Pizza Hut, KFC and Taco Bell chains, saw its shares soar $1.82 each, or 5.02%, to close at $38.11 yesterday (Tuesday), after reporting better-than-expected earnings on Monday. Yum Brands attributed much of the growth to higher-than-forecasted revenue and […]

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Goldman Sachs Moves into Japan Property Market

From Staff Reports Goldman Sachs Group Inc. (GS) has its sights set on Japan. Goldman and New York-based Aetos Capital LLC have joined forces and are looking to buy Japanese property company Simplex Investment Advisors for the equivalent of about $1.1 billion to $1.35 billion – a premium of about 65%. The bid is for […]

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Savaged Garmin Battles Back With Cell Phone Navigation Software

From Staff Reports In one of those ultimate business ironies, just days after its shares were pounded by investors over fears it would flounder because of competition from "smart" cell phones, GPS-maker Garmin Ltd. (GRMN) yesterday (Wednesday) introduced a $99 software package that turns "smart" wireless phones into high-end navigation units. The shares of the […]

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Nokia Announces $8.1 Billion Acquisition of Navteq

From Staff Reports Nokia Corporation (NOK), the largest cell phone maker in the world, announced yesterday (Monday) that it plans to buy Chicago-based Navteq (NVT), a leading digital mapmaker, for about $8.1 billion. The proposed deal at $78 a share would be Finland-based Nokia's biggest purchase, and it follows the heels of Nokia's acquisition of […]

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Stocks Soar Friday on Earnings, Buyback News

From Staff Reports Indexes gained Friday amid encouraging earnings news from Oracle and a big buyback from Texas Instruments U.S. stocks rose Friday, capping off a big week in which the U.S. Federal Reserve cut short-term interest rates to stave off a recession. Stronger-than-expected earnings from Oracle (ORCL) and a big share buyback from Texas […]

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The ‘$900 Million Conspiracy’ Trade That Wasn’t?

By Keith Fitz-Gerald Contributing Editor It’s Friday morning, and the $900 million ‘Mystery Trade’ that I’ve written to you about several times recently expires today. This trade, which has been cause célèbre on the Internet, especially in chat rooms frequented by conspiracy theorists, will likely expire having served its purpose as a below-market-rate financing mechanism […]

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Quadruple Witching Day Today

By Jason Simpkins Staff Writer Expect increased trading volume and market volatility today (Friday) as index futures, market index options, stock options, and stock futures all expire on the same day.  While index futures and options typically share simultaneous expirations on the third Friday of every month, quadruple witching days usually only come about on […]

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Google to Hit $600 a share? Looks That Way, Media Writer Says

From Staff Reports Google Inc. (GOOG) at $600 a share? Media analyst and columnist Paul R. La Monica says it’s more than just possible – it’s probable. The shares of the search-engine gorilla dipped below the $500 level in mid-August after the company missed its second-quarter earnings numbers in July. Then there’s the credit crunch, […]

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