Tesco (LSE:TSCO) Gains 2.3%, Tops FTSE as Philip Clarke Announces Departure, to be Replaced by Unilever (LSE:UKVR)’s Dave Lewis
Tesco (LSE:TSCO) gained 2.3 per cent on Monday, July 21, as the retailer topped the FTSE 100. The boost came after CEO Philip Clarke announced he will be leaving the company. Clarke will be replaced by Dave Lewis, Unilever (LSE:UKVR)’s head of personal care.
According to Financial Times, Tesco (LSE:TSCO)’s stock increased 2.3 percent to 291.6 points as Clarke announced the end of his 3 years in charge Read more [...]
General Electric (NYSE:GE) released its earnings report for the second quarter of 2014. Meanwhile, the conglomerate is planning to raise $3.1 billion for the sale of 15 percent of its stake in Synchrony Financials.
General Electric (NYSE:GE) Earnings Report Q2 2014
General Electric (NYSE:GE) announced an increase of 13 percent in profit, among others, when it released its Q2 2014 earnings report Read more [...]
Alibaba could offer IPO at a discount, according to a survey of analyst estimates. Meanwhile, Zacks reaffirmed its rating for Yahoo (NASDAQ:YHOO).
Alibaba IPO Could be Priced at a Discount—Bloomberg
In a survey of analyst estimates conducted by Bloomberg, it was found that Alibaba Group Holding Ltd. may set its IPO at $154 billion. This is 22 percent below analyst valuations.
Analyst Li Read more [...]
Apple (NASDAQ:AAPL) Receives Buy Rating and $110 Target Price from Citigroup (NYSE:C), While AAPL Stocks Fall Due to E-Book Price-Fixing Issue
Citigroup (NYSE:C) gives Apple (NASDAQ:AAPL) a buy rating and a $110 target price. Meanwhile, the tech giant’s stock fall due to e-book price-fixing issue.
Citigroup (NYSE:C) Gives Apple (NASDAQ:AAPL) Buy Rating and $110 Target Price
Citigroup (NYSE:C) gave Apple (NASDAQ:AAPL) a buy rating on Wednesday. It also gave the Cupertino-based company a target price of $110, the same target price it Read more [...]
After its disappointing 2Q earnings yesterday, it’s clear that Yahoo! Inc. (NASDAQ:YHOO) is not doing well in any of its key business areas — search and display advertising and mobile video ads — while it continues to push into the content space by acquiring online video streaming providers and media stars.
At this point, it seems clear that most of Yahoo’s stock price is attributable to Read more [...]
The one-time pioneer of the internet has been overtaken by Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) in the search space and the likes of Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR) in social media.
With the Alibaba IPO on its way, Yahoo’s significant 24% stake in that company can translate into some cash for Yahoo if it decides to sell some of its stake in Alibaba after the IPO.
Yahoo Read more [...]