According to BP plc (ADR) (NYSE:BP) CEO, Bob Dudley, oil prices will remain weak until next year, as production outpaces demand. Mr. Dudley was speaking at the two-day “OPEC Energy Seminar” being held in Vienna. The seminar would be followed by the Organization of Petroleum Exporting Countries (OPEC) bi-annual production […]
Latest data compiled by GlobalData analysts lists down the world’s 50 top-selling pharmaceutical products. Arthritis drug Humira of AbbVie Inc (NYSE:ABBV) leads the list with $13 billion in global sales reported. Humira was followed closely by Gilead Sciences, Inc.’s (NASDAQ:GILD) star hepatitis C drugs, Sovaldi and Harvoni, which generated combined […]
The year 2015 is one of the worst years for energy sector companies. There is a decline in value of all the energy sector’s companies, year-to-date (YTD), as a result of weak prices in the sector. Vale SA (ADR) (NYSE:VALE) has underperformed the Dow Jones and S&P 500 indices YTD. […]
According to a research note released on Friday, Bank of America Corp. (NYSE:BAC) Merrill Lynch has raised the price target on XL Group plc (NYSE:XL) stock from $42 to $44 while reiterating a Buy. The sell-side firm also updated earnings estimates, following XL’s conference call regarding the Catlin acquisition. The […]
JetBlue Airways Corporation (NASDAQ:JBLU) stock has been beating the rest of the industry since the beginning of the year. Currently, the stock is trading at $20.29 during pre-market hours and has an average trading volume of 8.5 million. Analysts polled by Bloomberg remain confident that the stock price will yield […]
Sprint Corp (NYSE:S) signed an agreement on Thursday, committing to establish and manage a free intelligent Wi-Fi network along an under-construction streetcar line in Kansas City. Cisco Systems, Inc. (NASDAQ:CSCO) will provide the software components for the development of the “Smart City” set of services, along with the Wi-Fi hardware […]
Recently, China Cinda Asset Management Co. Ltd announced that it was teaming up with Alibaba Group Holding Ltd (NYSE:BABA) to auction 4 billion yuan ($645 million) of bad loans. These non-performing assets will be sold on Alibaba’s consumer-to-consumer (C2C) Taobao marketplace. China Cinda is one of four asset management companies […]
Deutsche Bank has come up with a report on the stock of Whole Foods Market, Inc. (NASDAQ:WFM), reiterating its Hold rating for it, while reducing the price target for the stock by $14 to a revised target price of $40. The revision of estimates came following the earnings release for […]
