Shares of General Motors rose more than 2 percent Tuesday after a slew of analysts advised buying shares of the automaker, which has raised $23 billion recently in the world's largest IPO.
The government of Vietnam said it will provide interest-free loans to state-owned shipbuilding company Vietnam Shipbuilding Industry Group (Vinashin) to pay wages, after the company was unable to make the first repayment on a $600-million loan to Credit Suisse.
Nasdaq-listed iGate, owned by former marketing head of Infosys Phaneesh Murthy, agreed to buy Patni Computer Systems for $1 billion in shares.
Although some progress appears to be being made in the euro zone sovereign debt crisis – including the passage of an austerity budget by the Greek Parliament today and a capital injection into Allied Irish Bank (NYSE: AIB) – the most important member of the euro currency bloc, Germany, is unlikely to foot the total bill that will be required to truly resolve this issue.
Mergers & acquisitions (M&A) activity has surpassed $2.2 trillion for the first year since 2007 and it could be still busier in the coming year, according to Thomson Reuters data.
The top after-market NASDAQ stock market losers are: Hansen Natural, Terremark Worldwide, Cubist Pharmaceuticals, National Beverage, Salix Pharmaceuticals, Dynamex, Merge Healthcare, Immucor, Cytokinetics, and P.F. Chang's China Bistro.
The top after-market NASDAQ stock market gainers are: SurModics, Blue Coat Systems, Golar LNG, BJ's Restaurants, MannKind, Cathay General Bancorp, RealNetworks, Scientific Games, First Solar, and Advanced Energy Industries.
Named as the new ambassador for Carl F. Bucherer, Swiss artist Stephan Schmidlinhas always tried to pursue his dreams in life through constant effort and determination.
As the tablet market is being crowded each day with more and more devices, time is ripe for Microsoft to unveil a new operating system exclusively for tablets.
Solar energy stocks received a load of bad news last week when an analyst at Credit Suisse downgraded the entire sector and lowered price targets, raising concerns about the industry's near-term prospects
Credit Suisse expects the S&P 500 index to trade in the 1,100 to 1,300 range, saying that most important potential source of turbulence in equity markets may be the actions of monetary policymakers.
Credit Suisse upgraded chip maker Qualcomm to outperform from neutral and raised profit estimates of the company, citing improved visibility on earnings growth.
The top after-market NASDAQ stock market losers are: SmartHeat, A-Power Energy Generation Systems, Legacy Reserves, Nxstage Medical, Popular, Career Education, Mattel, PetSmart, Sears Holdings, and BE Aerospace.
Equity capital market transactions totaled $23.3 billion last week, with 59 deals in the Asia Pacific region in the last week, a report by Dealogic said.
