Archive for March, 2012
Roche Raises Illumina (ILMN) Cash Bid To More Than USB 6.5 Billion
New York, March 31 (ShareMarketsNews.com) – Roche Holding AG (ROG), which raised a bid on March 29, after a resistance from Illumina Inc (NASDAQ : ILMN), is presently in talks with hedge funds that purchased Illumina stock following the acquisition attempt. On Thursday, Roche Holding AG raised a offer of $ 6.5 billion to acquire gene-sequencing [...]
‘Hunger Games’ Stays No 1 at Box Office
New York, March 31 (ShareMarketsNews.com) – ‘The Hunger Games’ has topped the chart at box office by defeating ‘Wrath of Titans’ and family friendly flick ‘Mirror Mirror’. On the second weekend, ‘Hunger Games’ is expected to earn between $20 million to $23 million on Friday. ‘Wrath of Titans’ grossed $11million which includes $1 in midnight [...]
US Stocks Close Mixed at the End of First Quarter
New York, March 31 (ShareMarketsNews.com) – On Friday, as the first quarter ended, the US stocks closed mixed on economic data amid investors weighing the latest development in eurozone and conflicting US economic data. The Standard & Poor’s 500 rose 5.19 points to 1,408.47. The Dow Jones industrial average hiked 66.22 points to 13,212.04. The [...]
In Last Auction Before IPO, Facebook valued at USD102.8 Billion
New York, March 31 (ShareMarketsNews.com) – The social networking site, Facebook, has been valued at $102.8 bln in last stock auction before its IPO that is coming up in May. This would the last time, the company would be trading on the secondary market. In today’s Facebook stock auction, more than 425 million dollar in [...]
Goldman Sachs Upgrades Rating On Wyndham Worldwide (WYN) from NEUTRAL to BUY, Target Price Raised
New York, March 31 (ShareMarketsNews.com) – Goldman Sachs upgrades its rating on the shares of Wyndham Worldwide (NYSE: WYN) from NEUTRAL to BUY. The 12-month target price has been raised from $45.50 to $55.00. In a research note published yesterday, Goldman Sachs mentions that evidence of potential opportunities should become more ostensible in the coming [...]
Dahlman Rose Upgrades Rating on Lufkin Industries (LUFK) to BUY
New York, March 31 (ShareMarketsNews.com) – Dahlman Rose upgrades its rating on the shares of Lufkin Industries (NASDAQ: LUFK) to BUY. The 12-month target price is set to $96. In a research note published yesterday, Dahlman Rose mentions that there is a potential for upside in EPS on the back of additional price increases in [...]
Q4 Current Account Surplus Data Revised by China
New York, March 31 (ShareMarketsNews.com) – On Saturday, China’s foreign exchange regulator hiked its 2011 fourth-quarter current account surplus to 60.5 billion US dollars from the preliminary figure that was 59.8 billion US dollars. According to The State Administration of Foreign Exchange (SAFE) , they have also revised the full-year current account surplus in 2011 [...]
