Shares of VeriFone Systems Inc. (NYSE: PAY) gained on Tuesday after the card payment machine maker said that its CEO Douglas Bergeron will step down from his position. Bergeron, who served as the CEO for VeriFone for last 12 years, will be replaced by current chairman Richard McGinn on an interim basis. The Company said that it has formed a committee to find Bergeron’s successor.
Continue reading Major Movers on March 12; PAY, URBN, YUM, COST, AAPL, RHT
Shares of Titan Pharmaceuticals Inc. (OTC: TTNP), a biopharmaceutical company engaged in the development of proprietary therapeutics primarily for the treatment of central nervous system disorders in the U.S., are climbing in trading today. At last check, TTNP shares were trading 5.71% higher at $1.85 on volume of 422,703. The stock hit an intra-day high of $1.87 earlier today.
Shares of Swingplane Ventures Inc. (OTC: SWVI), an exploration stage company engaged in exploration and development of mineral properties in China, are soaring in trading today. At last check, SWVI shares were trading 25% higher at $.138 on volume of 8.08 million. The stock hit an intra-day high of $0.14 earlier today. Despite the rally in trading today, SWVI shares have fallen more than 27% in the last three trading sessions.
Costco Wholesale Corporation (NASDAQ: COST) reported that fiscal second-quarter earnings climbed 39% year-on-year as customers in the backdrop of macroeconomic uncertainty preferred making bulk purchases from its warehouses.
Continue reading Costco Wholesale Corp’s Q2 Revenue Jumps 8.3%, Edge Past Street’s Estimates (COST)
According to news reports, professional networking website, LinkedIn Corp. (NYSE: LNKD) is close to acquiring Pulse, a news reading app, in deal estimated between $50 million and $100 million.
Continue reading LinkedIn to Acquire News Reading App, Pulse: Media Reports (LNKD)
Shares of Canadian Solar Inc. (NASDAQ: CSIQ) slumped about 11% after the company reported that its losses in the fiscal fourth quarter widened as it shipped fewer number of solar modules. Since last one year, Canadian Solar’s top line has felt the pinch in the backdrop of lackluster demand for its solar panel and equipment. Due to excess supply of low priced solar panels from China, prices of wafer and modules have fallen sharply.
Continue reading Major Movers on March 11; CSIQ, BBRY, DKS, ZNGA, GNW
Billionaire investor Carl Icahn said on Monday that he has entered into a confidentiality agreement with Dell Inc. (NASDAQ: DELL) possibly putting an end to an altercation over computer maker’s $24.4 billion sale. The agreement would allow Icahn to have access over Dell’s financial records. Icahn’s company, Icahn Enterprises, has said it holds a substantial stake in the company. However, it still unclear how much stake Icahn holds in Dell.
Continue reading Dell and Icahn Enter Confidentiality Agreement (DELL)
Shares of MediSwipe Inc. (PINK: MWIP), a provider of transaction processing and security solutions for the medical and healthcare industries in the U.S. and internationally, are climbing in trading today. At last check, MWIP shares were trading 13.04% higher at $0.0728 on volume of 6.23 million. In the last three trading sessions, the stock has gained 16.45%.
Shares of Be Active Holdings Inc. (OTC: JALA), a manufacturer of frozen yoghurt and fudge bars, are soaring in trading today. At last check, JALA shares were trading 16.13% higher at $0.18 on above average volume of 6.081 million. The stock hit an intra-day high of $0.1879 earlier today.
Blackberry’s (NASDAQ: BBRY) generation next smartphone the Z10 will probably hit the U.S. market by the end of next week, according to Bloomberg news.
Continue reading Blackberry’s Z10 Model Soon to Hit U.S. Market (BBRY)