Tax inversion deals are no longer looking so attractive given the notice issued by the U.S. Department of Treasury in September. In fact, AbbVie (ABBV) has dropped its plans to acquire Shire and will be paying a break-up fee. Meanwhile, Amgen (AMGN) is being urged to consider splitting into two companies which would create more…
In a refreshed effort to focus on music streaming services, Microsoft Corporation (NASDAQ MSFT) plans on dropping the free version of Xbox Music on December 1st. Microsoft will continue to offer Xbox Music Pass, an unlimited ad-free music streaming service that starts at $10. Although the company did not mention why it was dropping the…
Apple Inc (NASDAQ AAPL) stock went up 1.79% to $104.83, setting a new record high. The big jump comes just days after the Cupertino company reported strong fourth-quarter results. Investors have brushed aside all the negative headlines about Apple’s products in the past few weeks. There have been concerns over the iCloud account hacks, iPhone…
With the release of the Nexus 6, Google Inc (NASDAQ GOOG) is gunning for Apple Inc (NASDAQ AAPL), and particularly its recent iPhone 6 Plus phablet release. But if Google is to make serious inroads into Apple’s market dominance, then it will be necessary for the corporation to convince existing Nexus 5 consumers to upgrade…
Facebook Inc (NASDAQ FB) shares closed Thursday at an all-time high of $80.04. It gives the company a valuation of over $208 billion. Facebook’s previous record high was $79.04 on September 30. The stock has rallied close to 49% this year so far. The company has impressed investors with its successful transition into mobile advertising….
HDFC Bank’s first-half 2014 earnings were up 29% on the prior comparable period, with pretax, pre-provision earnings up 27%. These results exceeded expectations, with growth in provisions and operating expenses (up 4% and 17%, respectively) significantly trailing the 22% growth in net revenues. However, this divergence between income and cost growth is not unusual given…
