It was all about AbbVie (ABBV) this past week in the biotech sector with the company finally succeeding in its efforts to make Shire (SHPG) agree to its acquisition proposal. Other news making it to the headlines include encouraging data from Amgen’s (AMGN) pipeline and breakthrough therapy status for InterMune’s (ITMN – Snapshot) lung disease…
Apple Inc. (NASDAQ AAPL) stores will soon adopt a pilot program with the help of network carriers to boost iPhone sales, according to a report from 9to5 Mac. A new plan just a month or two before the iPhone 6 launch is not a co-incidence. CEO Tim Cook is in no mood to compromise with…
As a huge multinational concern with operations in virtually every corner of the globe, Google Inc (NASDAQ GOOG) understands the importance of product localization. Providing users with services in their own home in their own language is one of Google’s most important goals. In furtherance of this major company goal, Google Inc (NASDAQ GOOG) announced…
Facebook Inc (NASDAQ FB) has decided to extend the close of the WhatsApp deal by one year, according to a report from Reuters. The social networking site has agreed to pay a whopping $19 billion to acquire instant messaging app WhatsApp. Facebook has extended the closing date of the WhatsApp deal by another year from…
General Electric Co. (NYSE: GE) saw a small decline in the short interest, but that short interest dove in July, down almost 15% to 58,090,804 shares as of 15 July from 68,273,172 shares short as of 30 June. GE’s common stock dividend yield is 3.4% now that shares have pulled back to under 26 from its…
Shares of Sprint (NYSE:S) saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 74,273,439 shares, a decline of 5.3% from the June 13th total of 78,399,674 shares. Based on an average daily trading volume, of 10,642,865 shares, the short-interest ratio is currently 7.0 days. Currently, 9.5%…
