Month: June 2016

Close on the heels of buying Magic Pony Technology , Twitter TWTR has now brought on board, Alessandro Sabatelli to boost its AR/VR efforts. Sabatelli worked with Apple AAPL for a decade before quitting the company last year to set up his own VR software firm, IXOMOXI. Sabatelli will spearhead Twitter’s new AR/VR division formed within Twitter Cortex, which is a group of data and research scientists and software engineers committed to “developing state-of-the-art machine learning capabilities to refine and transform Twitter products” […]

If rumors are to be believed, Alphabet Inc. GOOGL owned Internet search engine giant Google is in talks with mobile operators to launch its own high-end smartphone by the end of 2016. The Telegraph published a report on Monday to that effect. […]

Kellogg Company K will launch its first cereal café Kellogg's NYC in the New York City, on Monday, Jul 4. This one of a kind café will serve Kellogg's cereals in a very innovative style. Kellogg has partnered with some of the famous names in the food industry, Anthony Rudolf, Christina Tosi and Sandra Di Capua of Journee, to create exciting variations of Kellogg's cereals. […]

Oracle Corporation ORCL recently announced the pricing of senior unsecured notes aggregating $14 billion. These bonds have been issued in five tranches of varying amounts with different interest rates and maturity dates. The offering is expected to close on Jul 7, 2016, subject to customary closing conditions. […]

Storage solutions provider Seagate Technology Public Limited Company STX has chalked out a new cost-cutting plan that would include job cuts. The company’s shares jumped about 6.3% in yesterday’s trade, following the news. The move is a part of the company’s efforts to streamline its operations, maintain competitiveness as well as profit margin and lower costs […]

The world's largest communications services group, WPP plc WPPGY , recently announced that it has entered into a strategic collaboration with a leading Chinese provider of Internet value added services, Tencent, to create a social innovation and ideation lab. The two companies have inked a memorandum of understanding (MOU) relating to this alliance. About Tencent Headquartered in Nanshan District, Shenzhen, Tencent is one of the largest Internet companies in the world […]

An investment strategy that seeks to provide impressive returns from stocks that are undervalued on the one hand and have a solid growth potential on the other, has always attracted attention. Growth at a reasonable price or GARP is one of the popular strategies in this domain. Instead of picking both value and growth stocks like the blend strategy does, GARP looks for stocks that offer the best of both value and growth investing. […]

On Jun 28, we issued an updated research report on Berkshire Hathaway Inc. BRK.B . […]

PepsiCo, Inc. PEP is bringing back its iconic clear cola of the 90s – Crystal Pepsi – to the shelves across the U.S. […]

Stone Energy Corporation SGY has entered into a contract with Williams Co. WMB and terminated an agreement with Ensco plc ESV on Jun 29. The terminated drilling services contract between Stone Energy and Ensco was valued at $20 million, of which about $5 million was a deposit earlier provided to the latter. […]

Swedish communication technology and services giant Ericsson ERIC has teamed up with leading Japanese operator KDDI to enable deployment of Ericsson Device Connection Platform (“DCP”). They also successfully verified cellular low power wide area (“LPWA”) technologies, which will also aid in rapid deployment of a broad range of IoT (Internet of Things) applications. DCP: A Cloud-Based IoT Platform Through DCP, KDDI will be able to leverage Ericsson’s connection with world carriers and offer seamless multinational connectivity, as its customers begin worldwide IoT deployments […]

Horizon Pharma plc HZNP announced that it has filed a supplemental new drug application with the FDA seeking label expansion for Ravicti (glycerol phenylbutyrate) oral liquid. The company is looking to expand the age range for chronic management of urea cycle disorders (UCDs) in adult and pediatric patients from two months of age to two years of age and older. […]

Per Bloomberg, Lions Gate Entertainment Corp. LGF is in advance negotiations to buy media and entertainment company Starz STRZA . Shares of Lions Gate and Starz gained 7.6% and 9.1%, respectively, in the after-hours trading session on Jun 29, 2016 amid speculations about the buyout […]

The auto sector witnessed many positive and negative developments over the last week. While Brexit caused a turmoil in global markets, Ford Motor Co.’s F planned exit from Indonesia was not free from trouble either. Meanwhile, Toyota Motor Corporation TM is busy dealing with recalls […]

Constellation Brands Inc. ’s STZ shares rose 2.2% in pre-market trading hours after it reported stellar first-quarter fiscal 2017 results. […]