Yesterday afternoon, Apple Inc. (NASDAQ:AAPL) found itself trading under $500 per share for the first time in almost a year dating back to mid February of 2012. However today, the company bounced back over the 500 mark finishing at $506.95. This came amidst rumors of supply chain cuts in Apple’s production of it’s iPhone....
Molycorp Jumps Another 3% (QCOR, MSFT, MCD, MCP) Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) stock climbed 8.66% to $47.20 after the company provided an update regarding its Medicaid rebate position with respect to the company’s primary product, H.P. Acthar Gel. The company said it currently provides Acthar to Medicaid participants and pay mandatory rebates to state...
Tech Stocks: Netflix Inc Slumps 10.50% – NFLX, VRNG, FORM, FB, ASTI Netflix Inc (NASDAQ:NFLX) plunged 10.58% to $53.40. The stock is down after the news of Amazon.com has secured a distribution agreement with Viacom Inc. The Company is threatening to upend the cable universe with a $7.99 monthly package that lets customers...
SatCon Technology Plunges 8.50% (SATC, INV, HEB, DDMG, AKS) SatCon Technology Corporation (NASDAQ:SATC) stock declined 8.56% to $1.29. The 52 week trading range for the company is $0.93 – $13.60. The shares of the company plunged 85% in the last one year. The company is a clean energy technology provider of utility-grade power conversion...
H.J. Heinz Company (NYSE:HNZ) jumped up 3.06% to $58.20. The Company expects to report higher earnings and sales for the first quarter. This was helped by growth in emerging markets, improved productivity, higher margins and a favorable tax rate. The Company expects earnings of 87 cents per share and organic sales growth of almost...
International Monetary Systems Ltd (PINK: ITNM) is currently trading at $0.810.Recently, the Company said that it has entered into a definitive agreement to acquire certain assets of National Commercial Exchange of St. Louis, MO. NCE is the barter network in the St. Louis marketplace. The terms of the transaction were not disclosed. M&T Bank...
Tech stocks: Hewlett-Packard Under Pressure (HPQ, RBCN, NOK, JKS, BIDU) Hewlett-Packard Company (NYSE:HPQ) decreased 6.51% to $17.95 after the Company reported third quarter results. Loss was $8.9 billion or -$4.49 per share compared to net profit of $1.93 billion or 93 cents per share in the previous year period. Revenue declined 5% to $29.7...
FTC Ok’s Facebook Inc (NASDAQ:FB)-Instagram deal for good Investigation by the US Federal Trade Commission (FTC) finished Wednesday which was aimed to monitor Facebook Inc(NASDAQ:FB)’s acquisition of Instagram. The agency announced it won’t go ahead in new actions now that indicates deal is sealed for betterment. Announcement made by FTC Wednesday made acquisition attempt...
A123 Systems, Inc. (NASDAQ:AONE) stock gained 0.88% to $0.414. The company last week announced the execution of definitive agreements with Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on August 8, 2012. Under the terms of the agreements, Wanxiang plans to invest up to $465 million...
Apple Inc (NASDAQ:AAPL) Hits Another High On iPhone Optimism – AAPL, AMZN, NFLX, STX, YOKU Apple Inc (NASDAQ:AAPL) surged up 1.42% to $657.35. Apple Inc and Samsung Electronics said that they made no progress toward lessening their dispute over smartphone and computer tablet patents. A jury will decide the matter starting August 21. The...
