The recent stock price troubles of Internet video streaming giant Netflix are a prime example of the troubles facing the subscriber-based service. As WebProNews reports, Netflix shares have plummeted despite the company adding 3 million subscribers during the first quarter. Growth is slowing, which is worrisome, but doubts about Netflix’s business model are also starting to creep up. The short ... Read More »
Apple Stocks Stumble as Steve Jobs Takes Medical Leave
Looks like investors believe that Steve Jobs is the iron hand that holds the Apple together and without him Apple would really hit the floor. Apple Inc. shares fell 4.4% in early trading Tuesday, erasing about $15 billion in market value, after the consumer-electronics company disclosed that company visionary Chief Executive Steve Jobs would take another medical leave. Few CEOs ... Read More »
GM Stock Price Today
Today has seen General Motors – also known as GM – start trading on the NY Stock exchange on IPO day, you should be able to see the GM stock price today on Market Watch. The initial public offering has set records, which analysts expect GM to raise around $23 billion that could be marked as the largest IPO in ... Read More »
King Pharmaceuticals sold to ‘Pfizer’ for $3.6 billion
Pfizer agreed on Tuesday to buy King Pharmaceuticals, a maker of pain medications, for $3.6 billion in cash, in the drug maker’s first major deal since its blockbuster purchase of Wyeth last year. Under the terms of the agreement, Pfizer will begin a tender offer in which it will pay $14.25 a share in cash, a 40 percent premium to ... Read More »
3G capital buys Burger king for $3.26bn (£2.1bn)
A long awaited rumors have come to pass today after 3G capital purchased the burger king for $ 2.26 billion. The fast food chain, with 12,100 outlets worldwide, had been the subject of takeover rumours for days. Burger King floated on Wall Street in 2006, four years after being bought by a group of private equity firms. The group – ... Read More »