Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has reached an agreement for the sale of a majority stake in an offshore oil block in Brazil to Norwegian oil company Statoil ASA ADR (NYSE:STO). According to a statement from the Norwegian company, the deal is worth $2.5 billion for a 66% stake in the BM-S-8 offshore license, […]
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Nokia Corp (ADR) (NYSE:NOK) Teams Up With Bell Canada To Test 5G Network in Canada
Nokia Corp (ADR) (NYSE:NOK) has partnered with Bell Canada to carry out the very first Canadian 5G tests. The two firms have successfully carried out their new 5G tests in Canada. The tests involved the use of spectrum speeds whose range was 73GHz to achieve speeds that are six times faster than LTE networks currently […]
Oasis Petroleum Inc. (NYSE:OAS) has New Board Member
The Board of Directors of Oasis Petroleum Inc. (NYSE:OAS) has added a new member to its list bringing the number into eight directors. Mr. John E. Hagale became part of the board on July 27, 2016, upon which he was selected for Audit, Nominating, and Governance Committees. In his comments about the appointment, Oasis’s Chairman […]
Alcoa Inc (NYSE:AA) Plans For Reverse Stock Split
Alcoa Inc (NYSE:AA) reported that it intends to commence a reverse stock split of its common stock at 1 for 3 ratio with a proportionate decline in the authorized shares count of its common stock. This plan is anticipated to positively impact the per share trading price of Alco shares, which may further enhance liquidity […]
Groupon Inc (NASDAQ:GRPN) Witnesses Strong Traction In Client Acquisition
Groupon Inc (NASDAQ:GRPN) reported that revenue in 2Q2016 came at $756 million against $738.4 million in the same quarter, a year earlier. North America revenue jumped 7%; EMEA dropped 3% while Rest of World plunged 23%. The management speaks Rich Williams, the CEO of Groupon, said that they continued to witness strong traction in client […]
Weatherford International Plc (NYSE:WFT) 2Q2016 Revenue At $1.40 Billion
Weatherford International Plc (NYSE:WFT) reported that revenue for 2Q2016 came at $1.40 billion against the revenue of $1.59 billion in 1Q2016. Also, the second quarter revenue dropped 41% from the same quarter, a year earlier. The industry has hit a bottom on the pricing as well as activity fronts. Clients have begun to identify that […]
ArcelorMittal SA (ADR)(NYSE:MT) EBITDA Almost Doubles In 2Q2016
ArcelorMittal SA (ADR)(NYSE:MT) reported that the EBITDA in 2Q2016 surged 26.5% YoY to $1.8 billion. Operating income amounted to $1.9 billion in 2Q2016 against $0.3 billion in 1Q2016, following increased sales led by higher steel selling prices and one-time gain of $0.8 billion from employee benefits. The management speaks Commenting on 2Q2016 performance, Lakshmi N. […]
Vale SA (ADR)(NYSE:VALE) Net Debt Declines Almost 1% To $27.5 Billion
Vale SA (ADR)(NYSE:VALE) reported that net debt in the second quarter of 2016 dropped almost 1% to $27.5 billion, while the cost of supplying iron ore to China declined to $30.30 a tonne including capital costs. However, with capital costs excluded, the cost of supplying iron ore to China stood at $28.50 a tonne. Luciano […]
Recent trends demonstrate explosive nature of Drones in digital media
Drone activity over a raging wildfire in Los Angeles has prompted officials to issue a warning about impeding firefighters. As helicopters worked to drop water on the huge fire that has scorched about 52 square miles in Santa Clarita and destroyed 18 homes so far, several recreational drones were spotted flying into their airspace, which has the […]
Office Depot Inc (NASDAQ:ODP) Becomes A One-Stop-Shop With Its Realspace® Modern Comfort Series Of Office Products
Those who are looking for elegantly designed office chairs that make the most use of cutting-edge technologies in comfort seating need not look further. Office Depot Inc (NASDAQ:ODP) will meet their desire having launched Realspace® Modern Comfort Series of office products. In affirmation of the new line of products that features a range of seating […]
