Facebook Inc (NASDAQ:FB) is in talks to buy drone maker Titan Aerospace for $60 million, according to media reports. The high-flying drones would give Facebook, the world’s No.1 Internet social network, the ability to beam wireless Internet access to consumers in undeveloped parts of the world, according to the technology blog TechCrunch. Yesterday share price…
The tobacco giant Reynolds American Inc. (NYSE:RAI) may be considering a bid for its smaller rival Lorillard, apparently to investors’ pleasure. Shares of the possible target, which specializes in menthol cigarettes, leaped more than 9 percent after The Financial Times indicated that Lorillard might attract an offer of more than $20 billion. Reynolds American, Inc….
Ballard Power Systems (NASDAQ:BLDP) has announced that 4,935,600 warrants to purchase shares – which were issued as part of two underwritten offerings closed in 2013 – have been exercised, generating proceeds of approximately US $7.6 million. These warrants represent 50% of the total issued under the 2013 offerings. Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) stock…
Apple Inc. (NASDAQ:AAPL) rolled out its new in-car iphone called CarPlay on Mar. 3 that will be installed initially in Ferrari, Mercedes-Benz and Volvo vehicles. According to Apple Inc (AAPL), CarPlay gives iPhone users an incredibly intuitive way to make calls, use maps, listen to music and access messages with just a word or a…
Rock-Tenn Company (NYSE:RKT), an integrated manufacturer of corrugated and consumer packaging, has agreed to acquire the Simpson Tacoma Kraft Paper Mill located in Tacoma, Wash., for approximately $343 million. The transaction is structured as an asset purchase. Rock-Tenn Company (NYSE:RKT) has committed to invest $60 million in the mill during the next three years and…
Exlservice Holdings Inc. (NASDAQ:EXLS) rose 7.1% after the company reported Q4 earnings that beat analysts’ estimates. The consulting company said adjusted Q4 earnings increased 25% from a year earlier to $0.55 a share, exceeding estimates on Capital IQ of $0.49. Exlservice Holdings Inc. (NASDAQ:EXLS) had diluted earnings per share of $0.47 compared to $0.36 a year…
