A source familiar with the matter said on Saturday, Medical-device maker Medtronic Inc and rival Covidien, are in advanced talks to combine in a deal valued at $45 billion to $50 billion. The person said, asking not to be named because the matter is not public, the deal, which would allow Medtronic to be domiciled…
On Jan 27, Medical technology giant Medtronic, Inc. (NYSE:MDT) has finally completed the $42.9 billion takeover of its Irish counterpart Covidien plc , subsequent to the receipt of the Irish Court’s verdict in favor of the acquisition agreement. Medtronic, Inc. (NYSE:MDT) belongs to Healthcare sector. Its net profit margin is 16.80% and weekly performance is…
Clayton Williams Energy (NASDAQ:CWEI) was downgraded by equities researchers at Raymond James to an “underperform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports . Clayton Williams Energy, Inc. (NYSE:CWEI) belongs to Basic Materials sector. Its net profit margin is 11.20% and weekly performance is 5.10%. On last trading day company shares ended up…
BlackBerry Ltd (NASDAQ:BBRY) plans to wade into the transportation industry with new technology that will help shippers keep tabs on their freight. The Waterloo, Ont.-based company unveiled the foundation of its Internet of Things platform on Wednesday at the Consumer Electronics Show in Las Vegas, marking the first step towards building a service BlackBerry believes…
On Dec 08, ConocoPhillips (NYSE:COP) announced a 2015 capital budget of $13.5 billion, a decrease of approximately 20 percent compared to 2014. The reduction in capital relative to 2014 primarily reflects lower spending on major projects, several of which are nearing completion, as well as the deferral of spending on North American unconventional plays. ConocoPhillips…
An issue of Regions Financial Corp (NYSE:RF) debt rose 2.4% as a percentage of its face value during trading on Friday, American Banking News reports. The high-yield debt issue has a 7.375% coupon and is set to mature on December 10, 2037. Regions Financial Corporation (NYSE:RF) belongs to Financial sector. Its net profit margin is…
