Software company VMware, Inc. (NYSE:VMW)’s second-quarter earnings fell 32% largely resulting from costs tied to its acquisition of mobile device management company AirWatch. VMware, a onetime Silicon Valley startup that focuses on virtualization and cloud services, has sought to increase its footprint in the booming mobile-device market. Its $1.54 billion AirWatch acquisition was its largest so far. Read more [...]
After a very triumphant second-quarter result, Apple Inc. (NASDAQ:AAPL), the creator of i-products was at the apex of success. With a significant perk up in the iPhone sales in the quarter, compared to the 2Q2013; the company bagged almost $700 million more as a profit against the comparable period last year. In fact, the drop in the sales of iPad could not make any serious scar in the company’s profitable Read more [...]
On July 21, 2014, Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) announced that its wholly owned subsidiary, Arena Pharmaceuticals GmbH, has entered into an exclusive marketing and supply agreement for BELVIQ® (lorcaserin HCl) with Teva Pharmaceutical Industries Limited’s local Israeli subsidiary, Abic Marketing Limited. Under the agreement, Arena granted Abic the rights to market and distribute BELVIQ Read more [...]
The hedge fund billionaire, Bill Ackman, has indeed cast a shadow on Herbalife Ltd. (NYSE:HLF) as he vowed to “death blow” against the nutrition supplement company.
On Tuesday, over a presentation, Mr. Ackman, sought to establish for all time his accusation against the company that he has held up for long, claiming that the latter is a fraudulent and a pyramid scheme. Thus, it’s quite evident that Read more [...]
FuelCell Energy Inc (NASDAQ:FCEL) a manufacturer of fuel-cell power plants, rose the most in more than three months after a joint venture in Germany was awarded 4.9 million euros ($6.6 million) in research grants. FuelCell Energy Inc (NASDAQ:FCEL)’s stock traded beginning with a price of $2.32 and throughout the trading session climbed to $2.65 and later when day-trade ended the stock finally closed Read more [...]
Plug Power Inc (NASDAQ:PLUG)continued to surge Tuesday in the wake of last week’s bullish analyst comments. On Friday, Roth Capital said it is more confident the fuel-cell company can meet its 2014 revenue guidance and booking target after the firm met with Plug Power CEO Andrew Marsh. Plug Power could try to roll out its products at four locations this quarter, which would position it well to ship Read more [...]