Shares of International Business Machines Corp. (NYSE: IBM), an information technology company, have risen sharply in early trading today after the company reported strong fourth-quarter financial results.
Month: January 2013
Google Shares Surge on Q4 Results (GOOG)
Shares of search engine giant Google Inc. (NASDAQ: GOOG) have risen sharply in trading today after the Mountain View, California-based company reported better-than-expected earnings for the fourth quarter of 2012.
Major Movers on January 18; LIFE, COF, INTC, MS, GE
Shares of Life Technologies Corp. (NASDAQ:LIFE) rallied on Friday. According to a report carried on Financial Post newspaper, the gene sequencing company has appointed Deutsche Bank AG and Moelis & Co for a strategic review, which could possibly result in company going private through a leveraged buyout (LB) or being acquired by larger industry players.
Continue reading Major Movers on January 18; LIFE, COF, INTC, MS, GE
Micro-Caps on the Move; World Moto Inc. (FARE), Great China Mania Holdings Inc. (GMEC), MediSwipe Inc. (MWIP)
Shares of World Moto Inc. (OTC: FARE), a manufacturer and supplier of taxi meters for the motorcycle taxi industry, have risen sharply in trading today.
Morgan Stanley Shares Rise Sharply on Q4 Results (MS)
Shares of Morgan Stanley (NYSE: MS), a global financial services company, have risen sharply in early trading today after the Wall Street giant reported strong fourth-quarter financial results.
Continue reading Morgan Stanley Shares Rise Sharply on Q4 Results (MS)
GE Posts Strong Quarterly Profits
World’s largest jet engines and wind turbine manufacturer, General Electric Co. (NYSE: GE) posted better-than-expected fiscal fourth-quarter results as CEO Jeff Immelt’s deeper focus both on energy equipment business and emerging markets offset lackluster demand in the U.S and Europe.
Major Movers on January 17; BAC, C, EBAY, CLSN, COLM, BLK, FITB
Bank of America Corp. (NYSE: BAC) shares plunged 3.75% by midday trade as the company’s revenue dropped nearly 25% in the fourth quarter. For the fiscal fourth quarter, BAC reported earnings of $732 million or 3 cents a share on revenue of $18.7 billion. Analysts polled by Thomson Reuters were expecting earnings of 2 cents a share on revenue of $20.6 billion.
Continue reading Major Movers on January 17; BAC, C, EBAY, CLSN, COLM, BLK, FITB
Micro-Caps on Watch; Organovo Holdings Inc. (ONVO), Implant Sciences Corp. (IMSC), Tiger Oil and Energy Inc. (TGRO)
Shares of Organovo Holdings Inc. (PINK: ONVO), a developer of three-dimensional (3D) bioprinting technology for creating functional human tissues on demand for research and medical application, are up sharply in trading today.
Bank of America Reports Q4 Results (BAC)
Bank of America Corp. (NYSE: BAC), one of the biggest U.S. banks, reported its fourth-quarter financial results. Shares of the Charlotte, North Carolina-based bank fell sharply in early trading following the release of quarterly results.
Groupon Launches Analytics Tool for Merchants (GRPN)
In an effort to provide comprehensive analytics on sales and customers, daily deal site Groupon Inc. (NASDAQ: GRPN), launched a new tool on Wednesday, dubbed as Merchant Impact Report. Nonetheless, the latest development failed to lift shareholders’ faith on the beleaguered company. Shares slumped 3.82% on Wednesday.
Continue reading Groupon Launches Analytics Tool for Merchants (GRPN)