Zipcar Makes a Staggering Debut with Its IPO
Submitted by John Binz on Fri, 04/15/2011 - 21:27Debuting at $18 per share, with an expected $14-16 opening, car-sharing service ZipCar came up with its initial public offering on Wednesday and it surely registered overwhelming results with its stocks ascending 67% to $30 per share.
Google’s Stock declines as New CEO takes control
Submitted by Sundeep Matharu on Fri, 04/15/2011 - 21:09A huge row of disappointment was observed in the market analysts and shareholders of Google alike as they expected the internet giant’s co-founder and new Chief Executive Officer (CEO) Larry Page to divulge more about his future plans and strategies for the betterment of the company.
More Foreign Investments Lift Yen
Submitted by Sarabjit Heera on Mon, 04/11/2011 - 19:08Hong Kong's Hang Seng index slipped by 0.4% to 24,303.07 points, after rising 5% last month and the Shanghai's key stock index closed at a lower of 0.2% at 3,022.7.
The revival of the foreign investor’s interest by attractive valuations and a healthy economy stabilized the inflow of the funds thus increasing the Chinese share prices.
Cracks Detected in Southwest Airlines Jetliners
Submitted by Harkamal Singh on Mon, 04/04/2011 - 19:29The Southwest Airlines team has detected small, subsurface cracks in three of its jetliners. The cracks are similar to those found in the Boeing 737-300, which caused the aircraft to lose pressure and forcing a terrifying emergency landing.
Cargill will be giving out sixty four percent stakes in Mosaic to shareholders
Submitted by Aaron Ross on Wed, 01/19/2011 - 11:33Both the Mosaic Co. and Cargill jointly announced a deal under which there will be distribution of Cargill's sixty four percent stakes in Mosaic to Cargill's shareholders and debt holders.
Asian shares go up on Wall Street profits and euro climbs
Submitted by Jatinder Kumar on Wed, 01/19/2011 - 11:29On Wednesday, Asian stocks went up taking a cue from Wall Street profits and on expectations for more handsome U. S. earnings, while the euro climbed up toward a one-month high hit the previous day.
The euro was supported by positive German data and central bank purchasing, but still doubts about Europe's ability to gather up a sovereign rescue fund kept a reign on gains.
Airgas Shares Soar Beyond Bid Put Forward by Air Products
Submitted by Harkamal Singh on Sat, 02/06/2010 - 23:14On Friday, share value of Airgas soared, right before a rival industrial gas supplier sent in an acquisition bid, a development which has managed to raise some suspicious eyebrows.
Stocks Expected to Open Higher on Monday
Submitted by Sundeep Matharu on Mon, 12/21/2009 - 18:29As the Government reached an important breakthrough in the major healthcare revamp bill by securing the decisive vote, which has paved the way for things to go much smoother than before, stocks across all major US markets are expected to open higher on Monday as compared to their Friday's closing points.
19% Hike Reported by Powell Industries in Fourth Quarter Profits
Submitted by Harkamal Singh on Wed, 12/09/2009 - 18:55Powell Industries Inc. recently revealed a 19% rise in its earnings report for the current fiscal year's fourth quarter, on the back of lower expenses; its backlog, however, did continue to fall. The results posted have managed to beat Wall Street estimates.
9% Rise Reported by AutoZone in First Quarter Earnings
Submitted by Aaron Ross on Tue, 12/08/2009 - 20:02On Tuesday, retailer of auto parts, AutoZone reported a 9% rise in earnings for the current fiscal year's first quarter, on the back of cautious customers choosing to spend more on repair of their old cars rather than buying new ones.
Also, the company shared that while performance at its existing stores improved, it kept setting up new stores all throughout the quarter.











