First Data Corp (NYSE:FDC) shares gained as much as 5% to close at $13.02 in yesterday’s trading session. This steep share price can be attributed to strong 2Q2016 profit that surpasses analysts’ projections. The stock price has dropped 19% since its initial public offering in last October. Net income came at $152 million compared to […]
Marketing
Gordondale And DJ Basin Assets Sales Completed By Encana Corp (USA) (NYSE:ECA)
Previously, Encana Corporation (USA) (NYSE:ECA) announced that they were implementing the sales of its Gordondale and DJ Basin assets. Today they further announced that they have successfully completed the sales stage of Gordondale and DJ Basin assets. The new successful owners Birchcliff Energy Ltd. (TSX: BIR) located in Calgary, Alberta has successfully purchased Gordondale assets […]
New Mobile Games Perfecting the Freemium Business Model (OTCMKTS:NTDOY)
The freemium business model is the most common business model for startup companies, but it is also continuing to ramp up in the mobile gaming industry. In case you are unaware, the freemium business model allows a user to start the service or application for free and charges a fee or a subscription for increased […]
ESPN making Drone Racing Legitimate means Money for the Whole Industry
If you believe that drone racing is a little silly, consider the fact that the new sport is appearing on ESPN (DIS) this August. In a statement last week, the 24/7 sports network announced, alongside the International Drone Association, a distribution deal. The appearance on ESPN will provide legitimacy to the sport and gather interest […]
Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) Offloads Oil Field AssetFor $2.5 Billion
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, […]
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. […]
