17 July, 2014 by The TZ Newswire Staff Comments Off on Murdoch’s tenacity is the trade in Time Warner-Fox face-off
Murdoch’s tenacity is the trade in Time Warner-Fox face-off
Many investors say the best trading strategy around a potential takeover of Time Warner Inc by Twenty-First Century Fox is to wager that media baron Rupert Murdoch will pay up to get what he wants. Time Warner said on Wednesday it had rebuffed Twenty-First Century Fox’s roughly $80 billion bid, or $85 per share, in recent weeks over valuation and concerns that the Murdoch family will have too much power. Hedge fund traders and options strategists said the traditional merger arbitrage trade – short Twenty-First Century Fox and buy Time Warner – played out when the news broke.
17 July, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: FedEx faces charges in drug-shipping probe
The Wall Street Journal: FedEx faces charges in drug-shipping probe
The Justice Department charges FedEx with conspiracy to distribute controlled substances for its alleged role in transporting painkillers and other prescription drugs that had been sold illegally.
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17 July, 2014 by The TZ Newswire Staff Comments Off on Despite Disappointing Mobile Results, Intel Stock Is Still A Long-Term Buy
Despite Disappointing Mobile Results, Intel Stock Is Still A Long-Term Buy
By Arie Goren:
Intel Corporation (NASDAQ:INTC), the world’s largest chipmaker, has been late to the fast growing market of tablets and smartphones. However, Intel has an ambitious program to gain market share in the strong growing mobile market. According to Intel, it is on track to meet its 40 million unit tablet goal for 2014. In the first quarter of 2014, Intel shipped five million tablet processors, and in the second quarter the company provided processors for 10 million tablets.
17 July, 2014 by The TZ Newswire Staff Comments Off on IPO Preview: Trupanion
IPO Preview: Trupanion
By IPOdesktop:
Based in Seattle, WA, Trupanion (Pending:TRUP) scheduled a $100 million IPO on the NYSE with a market capitalization of $372 million at a price range midpoint of $14 for Friday, July 18, 2014.
The full IPO calendar is available at IPOpremium
17 July, 2014 by The TZ Newswire Staff Comments Off on IPO Preview: TubeMogul
IPO Preview: TubeMogul
By IPOdesktop:
Based in Emeryville, CA, TubeMogul (Pending:TUBE) scheduled a $75 million IPO on the NYSE with a market capitalization of $344 million at a price range midpoint of $12 for Friday, July 18, 2014. TUBE recently cut the price range mid-point to $7.0
The full IPO calendar is available at IPOpremium
17 July, 2014 by The TZ Newswire Staff Comments Off on High-Yielding General Motors May Present A Better Price Soon
High-Yielding General Motors May Present A Better Price Soon
ByAbba’s Aces:
The last time I wrote about General Motors Company (NYSE:GM) I stated, “I’m not buying any additional positions as of today.” Since writing the article, the stock has increased 4.13% versus the 1.12% gain the S&P 500 (NYSEARCA:SPY) posted.
17 July, 2014 by The TZ Newswire Staff Comments Off on IPO Preview: Pfenex
IPO Preview: Pfenex
By IPOdesktop:
Based in San Diego, CA, Pfenex (Pending:PFNX) scheduled a $65 million IPO on the NYSE with a market capitalization of $198 million at a price range midpoint of $13 for Friday, July18, 2014. The expected price was recently set at $8.
The full IPO calendar is available at IPOpremium