AeroVironment (AVAV) says it received an order valued at $4,862,674 under a contract with the Norwegian...
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10:27 AM Interpublic Announced It Reached An Agreement To Sell Half Of Its Facebook Holdings
Interpublic (NYSE:IPG) announced it reached an agreement to sell about half of its holdings in Facebook for about $133 million in a privately negotiated transaction. The company expects to record a pre-tax gain of $132 million.
Interpublic also announced that its board of directors...
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08:58 AM ConAgra Expressed Disappointment Over Ralcorps Rejection Of Revised Proposal
ConAgra Foods (NYSE:CAG) confirmed that on August 11 it send a revised proposal to Ralcorp Holdings' board of directors to acquire the company for $94 per share in cash and said that it looked forward to private and constructive discussions. The company emphasized the strong value of the all-...
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02:28 PM Sprint Cancels Plans to Sell RIM PlayBook on 4G network
Sprint-Nextel (NYSE:S) has decided not to sell the 4G version of Research in Motion's (NASDAQ:RIMM) PlayBook tablet, referring a lack of take-up for the device among potential business users.
According to a Sprint representative, "It's an interesting concept, it just hasn't caught on with...
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01:49 PM Exxon Mobil Back On Top As U.S.'s Valuable Company
After being surpassed by Apple (NASDAQ:AAPL) on Tuesday, Exxon Mobil Corp. (XOM) shares are again benefiting from a rise in the price of oil. They're up 2% Friday to $73.04, although still down for the week.
Exxon Mobil (NYSE:XOM) has a potential upside of 28% based on a current price of...
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11:52 AM Morgan Stanley Adjusted Its 2011, 2013 EPS Estimates For Lexicon Pharmaceuticals
Morgan Stanley adjusted its 2011 and 2013 EPS estimates for Lexicon Pharmaceuticals (NASDAQ:LXRX) and maintained its equal-weight rating and $2 price target. The bank sees a 2011 loss of $0.32 per share, narrower than its previous estimate for a loss of $0.34 per share, and a 2013 loss of $0.29...
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11:51 AM Google Introduces Game Feature For Google+
Google (NASDAQ:GOOG) is again trying to compete with Facebook as they release a new games feature on their social networking site, Google+. In a statement, Google said that it wants "to bring the nuance and richness of real-life sharing to the web and make playing games online just as fun, and...
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11:14 AM Honda To Invest $800 Million In New Automobile Plant In Mexico
Honda de Mexico (NYSE:HMC), Honda's production and sales company in Mexico, announced that it will build an automobile plant for production of fuel-efficient subcompact vehicles for the Mexican and North American markets.
Honda will invest approximately $800 million to build the plant,...
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09:38 AM General Motors Recalling 15,000 Buick LaCrosse, Chevy Impala
The Detroit News reported that General Motors (NYSE:GM) is set to recall about 15,000 new Buick LaCrosse and Chevy Impala models in North America.
The recalls will reprogram software in some LaCrosse vehicles and inspect power steering hoses in Impalas.
General Motors (NYSE:GM) has...
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09:32 AM Natural Alternatives International Announces Resolution of Patent Litigation
Natural Alternatives International (NASDAQ:NAII) announced that it reached a deal with one of the defendants to litigation pending before the U.S. District Court for the District of Delaware, Vital Pharmaceutical, Inc. As part of the settlement Natural Alternatives International granted Vital...
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09:21 AM ViewEditTrack: TiVo Authorizes Stock Repurchase Plan of Up to $100 Million
TiVo (NASDAQ:TIVO) announced that its board has authorized the repurchase of $100 million of its outstanding common shares over a period of two years. The share repurchase program will be funded through the company's existing cash. TiVo (NASDAQ:TIVO) has a potential upside of 70.8% based on a...