Top Youngest Billionaires in U.S. (SLIDESHOW)
In its annual listings of the global individual wealth, Forbes magazine also released the youngest billionaires in the U.S.
Princeton Review Shares Hit New Low On Q4 Results
Shares of Princeton Review Inc. (REVU) touched a new 52-week low of $0.49 on Thursday, after reporting a wider-than-expected fourth quarter loss. The company also said it has has appointed John Connolly as interim president and chief executive officer, succeeding Michael Perik who has resigned to pursue other interests.
RC2 Shares Hit New High On Tomy Merger
Shares of RC2 Corp. (RCRC) touched a new more than 3-year high of $27.59 on Thursday, shortly after the Nikkei business daily first reported that Japan's Tomy Co. Ltd. and RC2 were in merger talks.
Post-Market NASDAQ Movers (CHINA, HEV, RCRC, CLNE, SGMO, ENER, ZUMZ, JMBA, STXS, CLWR)
The top after-market NASDAQ stock market gainers are: CDC Corp., Ener1, RC2 Corp., Clean Energy Fuels, and Sangamo Biosciences. The top after-market NASDAQ stock market losers are: Energy Conversion Devices, Zumiez, Jamba, Stereotaxis, and Clearwire.
Spectrum Pharma Shares Hit New High on Q4 Results
Shares of Spectrum Pharmaceuticals, Inc. (SPPI) touched a new 52-week high of $7.60 on Thursday. The company posted a decline in fourth quarter earnings as last year period recorded stock warrant gains, but came ahead of Street view.
Green Mountain Stock Hits All-Time High; Starbucks Shares Hit Yearly New High
Shares of Starbucks Corp. (NASDAQ: SBUX) touched a new 52-week high of $38.21 on Thursday, while Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) stock touched an all-time high of $62.37. Green Mountain and Starbucks announced a strategic relationship.
Starbucks, Green Mountain Sign Single Serve Coffee Deal
Starbucks Corp. (NASDAQ: SBUX) is taking on the fast-growing single serve market, by teaming with Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) that holds a dominant share of the U.S. market at about 80 percent owing to several patents surrounding its K-cup.
Pre-Market NASDAQ Movers (GMCR, HGSI, SMTC, SBUX, ATRN, CWTR, PEET, CSIQ, ARMH, SIGA)
The top pre-market NASDAQ stock market gainers are: Green Mountain Coffee Roasters, Human Genome Sciences, Semtech, Starbucks and Atrinsic. The top pre-market NASDAQ stock market losers are: Coldwater Creek, Peet's Coffee & Tea, Canadian Solar, ARM Holdings, and SIGA Technologies.
Omniture Summit: Adobe Unveils SocialAnalytics, Upgrades SiteCatalyst
Adobe Systems Inc. (NASDAQ: ADBE) announced a new product Adobe SocialAnalytics and upgraded SiteCatalyst at its Omniture Summit, which is currently being held at Salt Lake City, Utah between March 8 and 11.
Focus Media Shares Hit New High On Q4 Results
Shares of Focus Media Holding Ltd. (FMCN) touched a new 52-week high of $30.27 on Wednesday. The company reported Tuesday higher fourth quarter adjusted earnings as revenue in LCD display (including the movie theater network), in-store and poster frame business increased 45 percent.
Genzyme Shares Hit New High Again
Genzyme Corp. (NASDAQ: GENZ) said Monday that its board has unanimously recommended to its shareholders to accept the latest sweetened offer from French drug giant Sanofi-Aventis SA (NYSE: SNY) and to tender their shares into the revised offer. The shares of Genzyme touched a new 52-week high of $76.09 on Wednesday.
Post-Market NASDAQ Movers (SMTC, HTHT, FTEK, CSKI, IRDMW, CWTR, PLCE, SMTX, SIGA, CBRX)
The top after-market NASDAQ stock market gainers are: Semtech, China Lodging Group, Fuel-Tech, China Sky One Medical, and Iridium Communications. The top after-market NASDAQ stock market losers are: Coldwater Creek, The Children's Place Retail Stores, SMTC, SIGA Technologies, and Columbia Laboratories.
Pre-Market NASDAQ Movers (AEZS, HERO, AVAV, GOLD, ASML, FNSR, OCLR, JDSU, CIEN, INFN, OPXT)
The top pre-market NASDAQ stock market gainers are: Aeterna Zentaris, AeroVironment, Hercules Offshore, Randgold Resources, and ASML Holding. The top pre-market NASDAQ stock market losers are: Finisar, Oclaro, JDS Uniphase, Ciena, Infinera, and Opnext.
Velti Could Be Acquisition Target For Google, Apple, Adobe, Microsoft: Analyst
Jefferies & Co. believes that Google Inc., Apple Inc., Adobe Systems, Microsoft Corp., and the large advertising agencies are potential acquirers of Velti Plc (NASDAQ: VELT).
Velti Initiated At 'Buy': Jefferies
Jefferies & Co. initiated its rating on shares of Velti Plc (NASDAQ: VELT) with a buy rating and a price target of $16.50. The company's unique advantage is that it offers customers the ability to deploy mobile marketing campaigns on a global basis, the brokerage said.
Talecris Biotherapeutics Shares Hit New High
Shares of Talecris Biotherapeutics Holdings Corp. (NASDAQ: TLCR) touched a new 52-week high of $25.80 on Tuesday. The biotechnology company's stock has been rising since Thursday when it received orphan drug designation from the European Commission for the development of Plasmin, derived from human plasma, to treat acute peripheral arterial occlusion.
iPad 2 Keeps Apple Ahead
Barclays Capital said its sales estimates for iPad 2 are likely conservative for Apple Inc.'s March quarter because of early shipment date. The brokerage still expects that competitors will find it tougher to compete with Apple in tablets than in phones given the integration of iTunes and Apple’s expertise in design and battery life.
Post-Market NASDAQ Movers (AVAV, CKEC, FMCN, IMMR, ARQL, FNSR, JDSU, OCLR, OPLK, VITA)
The top after-market NASDAQ stock market gainers are: AeroVironment, Carmike Cinemas, Focus Media Holding, Immersion, and ArQule. The top after-market NASDAQ stock market losers are: Finisar, JDS Uniphase, Oclaro, Oplink Communications, Ciena, EMCORE, Opnext, Infinera, Orthovita, and Hutchinson Technology.
Single Serve Coffee Is a Good Bet for Starbucks
Single serve coffee represents a meaningful opportunity for Starbucks Corp. (NASDAQ: SBUX) as it is a $4 billion a year market globally with US growing rapidly from its current base of about $100 million, according to RBC Capital Markets.
Xyratex's Hard Disk Drive Segment Under Pressure: Analyst
Xyratex Ltd.'s (NASDAQ: XRTX) hard disk drive-related business segment Storage Infrastructure is currently under pressure from continued, weak demand and excess supply for 2.5-inch (i.e. notebook) drives, according to RBC Capital Markets.
Pre-Market NASDAQ Movers (ATRN, BSFT, RGEN, RDNT, EMKR, URBN, HTCH, CASY, TIVO, GOLD)
The top pre-market NASDAQ stock market gainers are: Atrinsic, BroadSoft, Repligen, RadNet and EMCORE. The top pre-market NASDAQ stock market losers are: Urban Outfitters, Hutchinson Technology, Casey's General Stores, TiVo, and Randgold Resources.
TomoTherapy Downgraded at Robert W. Baird
Robert W. Baird downgraded its rating on shares of TomoTherapy Inc. (NASDAQ: TOMO) to neutral from outperform with a price target of $5.
Global Tablet Revenue to Grow to $70 bln by 2014
RBC Capital Markets expects tablet market to reach 185 million units in calendar 2014, up 83 percent compound annual growth rate (CAGR) from 17 million in calendar 2010. RBC Capital forecasts global tablet revenue to increase from $11 billion in calendar 2010 to nearly $70 billion in calendar 2014.
IBM Analyst Day Likely to Focus on 2015 Roadmap
IBM would be hosting its Analyst Day today at its Thomas J. Watson Research Center in Yorktown Heights, New York at 10 am EST that is likely to focus on 2015 roadmap, according to Barclays Capital.
Genzyme Shares Hit New High as Board Recommends Sanofi's Revised Offer
Shares of Genzyme Corp. (NASDAQ: GENZ) touched a new 52-week high of $75.90 on Monday. The biotechnology firm's board has unanimously recommended to its shareholders to accept the latest sweetened offer from French drug giant Sanofi-Aventis SA (NYSE: SNY) and to tender their shares into the revised offer.
TomoTherapy Shares Hit New High On Accuray Merger
Shares of TomoTherapy Inc. (NASDAQ: TOMO) touched a new 52-week high of $4.70 on Monday after it agreed to be acquired by Accuray Inc. (NASDAQ: ARAY) for $4.80 a share in cash and stock or a total of about $277 million.
Post-Market NASDAQ Movers (BSFT, JAZZ, ATRN, RAME, CCIH, URBN, CASY, EXEL, AMCN, PWRD)
The top after-market NASDAQ stock market gainers are: BroadSoft, Jazz Pharmaceuticals, Atrinsic, RAM Energy Resources, and ChinaCache International Holdings. The top after-market NASDAQ stock market losers are: Urban Outfitters, Casey's General Stores, Exelixis, AirMedia Group, and Perfect World.
Pre-Market NASDAQ Movers (TOMO, GMET, RAME, JRCC, STX, RGEN, CIEN, JDSU, NWS, SNDK)
The top pre-market NASDAQ stock market gainers are: TomoTherapy, Geomet, RAM Energy Resources, James River Coal, and Seagate Technology. The top pre-market NASDAQ stock market losers are: Repligen, CIENA, JDS Uniphase, News Corp., and SanDisk.
Any Export in Storm -- Potential for LNG Exports
U.S. Federal Energy Regulatory Commission (FERC) has exclusive authority under the Natural Gas Act to authorize the siting of facilities for imports or exports of liquefied natural gas (LNG), according to FBR Capital Markets.
Altera Shares Hit New High
Shares of Altera Corp. (NASDAQ: ALTR) touched a new 52-week high of $45 on Friday. The compay said March 1 that it still predicts first quarter sales to decline 1 percent to 5 percent sequentially.