Apple Inc. (NASDAQ:AAPL) fans have a new reason to cheer. The iPhone manufacturer might be on the verge of unveiling new products as a spike has been observed in Apple’s Research and Development (R&D) budget recently. Such surges were observed previously when Apple was about to launch the iPod, iPhone and iPad. Hence, analysts speculate…
Media reports over the weekend suggested Valeant Pharmaceuticals VRX held merger discussions with Actavis ACT , which may now have stalled on financial considerations. Valeant had been signaling that it was seeking to pursue a large acquisition or a merger of equals, so the magnitude of the deal was not surprising, but we were a…
In what seems like a development which is the latest blow to bitcoin prices, Bitcoin prices have slumped to its lowest level since May late last week. The decline has since been largely attributed to a worsening short-term news outlook, as well as the industry’s margin traders, though alternative theories have been proposed. At press…
A benign catastrophe season and continued improvement in underwriting margins at majority-owned OneBeacon OB led to a 3% sequential increase in adjusted book value to $606 per share at White Mountains Insurance Group WTM . In comparison with last year’s first quarter, the combined ratio (expense divided by earned premiums) fell to 81% from 84%…
Apple Inc. (NASDAQ:AAPL) has had a commanding presence in the world of technology since the dawn on the new millennium and it was Steve Jobs who made Apple what it is today, a super power in this world. Apple was once the underdog but not anymore and Tim Cook might just be person who could…
Wynn Resorts WYNN reported weak first-quarter results, as the company continued to perform poorly in Macau due to intensifying competition from new casinos on the Cotai Strip. Revenue and EBITDA were above consensus estimates, but only because the company had an unusually high hold rate for VIP table games in Macau and table games in…
