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Google UP on attractive valuations, analysts upgrade
The stock of Alphabet (NASDAQ: GOOG), the parent company of Google, fell to a low of $803.50 on March 27th, from about $853 a week before. The main reason for the sharp decline in the share price is the suspension
Read MoreInternal Revenue Service Resumes Use Of Private Debt Collectors
The United States Internal Revenue Service (IRS) recently announced that it will be shortly reviving the practice of using private debt collectors to collect overdue payments. The IRS stopped using private debt collectors in 2009 after it decided that IRS
Read MoreBlackberry’s Q4 loss narrows, beats estimates
After three years of strenuous attempts, the iconic mobile phone manufacturer Blackberry Limited (NASDAQ: BBRY) seems to have finally succeeded in encrypting a turnaround in its business. Last week, the company reported fiscal 2017 fourth-quarter results that beat analysts’ estimates.
Read MoreQatar Announces £5bn UK Investment During Next 3-5 Years
In a boost to UK’s economic prospects post Brexit, Qatar has announced that it will be investing nearly £5 billion in the country over the next three to five years. The Gulf state has already invested around £40 billion into
Read MoreJP Morgan reaffirms “buy” rating for Goldman Sachs
Last week, the banking stocks came under heavy selling in the US financial markets. There were two main reasons for the sudden change in the sentiment towards the banking and finance stocks. Firstly, the bond yields declined after the US
Read MoreChina and India Make A Mark On Forbes 2017 World’s Billionaires
Billionaires from China and India are making their presence felt this year in the Forbes’ well-known annual list of the world’s richest individuals. The World's Billionaires 2017 list was released earlier this week by Forbes and shows that China accounts
Read MoreSurvey Shows High Optimism Amongst US CEO’s & Small Businesses
Optimism regarding the business environment has jumped to its highest in seven years amongst chief executives of the biggest companies in the United States according to results from a recent survey. The quarterly CEO Economic Outlook Index issued by an
Read MoreMicron raises Q2-2017 revenue and EPS estimates
Strong demand for memory chips enabled the stock of Micron Technology Inc. (NASDAQ: MU) to scale a new 12-month high of $25.92 per share. Ironically, the company had posted a y-o-y decline in the GAAP net profit to $180 million
Read MoreVivendi signals reversal on optimistic FY17 earnings view
A week earlier, the French mass media giant Vivendi SA (OTC: VIVHY) reported a marginal decline in the fiscal 2016 fourth-quarter revenue, compared with the same quarter last year. The Q4 earnings from continuing operations also plunged 59% on a
Read MoreSuccessful Snap IPO Nets Billons In Profits To Australian Investor
The recent highly-successful Initial Public Offering (IPO) of Snap, the parent company of the path breaking messaging app Snapchat has not only made its founders richer by billions of dollars but also relatively-unknown early investors like Australian venture capitalist Jeremy
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