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.
Léo Apotheker, the Chief Executive Officer of PC giant Hewlett-Packard, is expected to hold an investor briefing in San Francisco where he may unveil his much anticipated vision for HP.
The companies whose shares are moving in pre-market trade on Thursday are: H&R Block, Starbucks, Eaton, Jacobs Engineering, Devry, Netapp, Jabil Circuit and Sprint Nextel.
An outright merger of Sprint Nextel Corp. with Deutsche Telekom unit T-Mobile USA is unlikely, an analyst at RBC Capital Markets wrote in a note to clients.
U.S. stocks ended modestly lower in choppy trading as unfolding events in Libya and their impact on oil prices seem to be the overriding factors to most investors.
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.
Verizon Wireless said it has filed a lawsuit federal district court in Phoenix outlining an ongoing scheme that used Premium SMS campaigns to defraud Verizon Wireless and its customers.
U.S. stocks weakened a bit in choppy trading and unfolding events in Libya and their impact on oil prices seem to be the overriding factors to most investors.
U.S. stocks wavered between small gains and losses on Wednesday as oil prices remained near $105 a barrel amid reports of intensified fighting in Libya.
US stocks opened lower in early trade on Wednesday, with S&P 500 Index losing 4.68 points, or 0.35 percent, to trade at 1,317.14 at 09:50 a.m. EST. The Dow Jones Industrial Average is down 24.71 points, or 0.20 percent, to trade at 12,189.67. The Nasdaq Composite Index fell 0.61 percent to trade at 2,750.45.
The launch of Apple's (NASDAQ: AAPL) iPad 2 is pointing to an increasing risk of bubble burst in the tablet market in the second half of 2011, according to an analyst from JPMorgan.
The companies whose shares are moving in pre-market trade on Wednesday are: Regions Financing, Tyson Foods, Carnival, Pultegroup, Prudential Financial, Jds Uniphase, Juniper Networks and Corning.
Internet marketing start-up HubSpot Inc. said it has raised $32 million from Google Ventures, Sequoia Capital and Salesforce.com Inc. (NYSE:CRM) in its fourth round of funding. To date, the five-year old company has raised $65 million.
The top after-market NYSE gainers on Tuesday are: Suncor Energy, Suntech Power Holdings, Morgan Stanley India Investment, Regions Financing and Fortress Investment Group. The top after-market NYSE losers are: Willbros Group, Boston Beer, Fabrinet, Fabrinet and NeoPhotonics.
U.S. stocks ended higher on Tuesday, as oil prices eased to below $105 a barrel and financials rallied on upbeat profit forecast from Bank of America.
U.S. stocks rallied on the back of strength in financial shares are a drop in oil prices on reports that Libyan leader Moammar Gaddafi may be negotiating an exit from the country.
U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.
Nomura Holdings (NYSE: NMR), Japan's number one securities firm, has appointed a woman to be its chief financial officer for the first time ever.
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.
The merger and acquisition activity in the banking sector is expected to pick up in 2011 as banks are expected to face several revenue growth headwinds in the coming days.
Monsanto Co. (NYSE: MON) said it will make an equity investment in San Diego-based algae fuel start-up Sapphire Energy Inc. to identify genes that positively affect growth in algae, which might have applicability in modern agriculture. Financial details of the agreement were not disclosed.
The companies whose shares are moving in pre-market trade on Monday are: Expedia, F5 Networks, Nvidia Corp, Metlife Inc, Salesforce.com, Urban Outfitters, National Semiconductor, Qualcomm, Gilead Sciences and IntercontinentalExchange.
