BlackBerry Ltd (NASDAQ:BBRY)’s Z3 is off to a flying start in Indonesia. The phone, the first as part of BlackBerry’s five-year deal with the contract manufacturer, was out of stock in Jakarta. BlackBerry has been aggressively promoting the device and has converted the city’s Central Park Mall into a huge BlackBerry Z3 store. BlackBerry Ltd…
Plug Power Inc (NASDAQ:PLUG) climbed 5.5% after the fuel-cell specialist got an analyst upgrade. Yet, as has happened with increasing frequency in this volatile market, the upgrade came with a catch: the analyst also reduced the price target on the company, in part to reflect the plunge in Plug Power’s share price over the past…
Oi SA (ADR) (NYSE:OIBR) is approaching towards the completion of its merger with Portugal Telecom, SGPS (ADR) (NYSE:PT). At this point, the disappointing news is that the company has reported a drop in its revenue. It is the second consecutive quarter where the Oi SA has reported declines in its revenue. Oi SA (ADR) (NYSE:OIBR)…
Office Depot Inc (NYSE:ODP) is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated. Office Depot Inc (NYSE:ODP) expects to close 150 stores this year, mostly in the fourth quarter. All of the store closures are anticipated to occur by…
Oi SA (ADR) (NYSE:OIBR)’s preferred shares fell to a record low after the company was said to raise 8.25 billion reais ($3.71 billion) by selling stock at a price below yesterday’s close. The funding paved the way for a merger with Portugal Telecom SGPS SA. Brazil’s biggest phone carrier priced preferred shares at 2 reais…
U.S.-listed shares of National Bank of Greece (ADR) (NYSE:NBG) slumped 15%. The bank is expected to decide soon on whether it will recapitalize via offering equity, according to media reports. It may need to raise as much as 2.1 billion euros ($2.9 billion), Bloomberg News said. National Bank of Greece (ADR) (NYSE:NBG) stock performance was…
