Stock Market

GoDaddy prices IPO at $20 per share seeking valuation of $4.5 billion

Domain name registrar GoDaddy has filed for IPO with a price tag of $20 per share. The domain names registrar and hosting company aims to raise nearly $440 million with the IPO. Earlier reports had suggested that GoDaddy would price its IPO at $17-19 per share.

GoDaddy manages nearly 20... read more

Dow Chemical sells chlorine business to Olin Corporation for $5 billion

Dow Chemical Company has signed a $5 billion deal with Olin Corporation for the chlorine business of the company. Dow Chemical’s chlorine business is the largest chlorine operation in the world. Due to low margins, Dow Chemical management has been looking to divest its interest in the chlorine... read more

Nasdaq Composite and S&P 500 near record highs

On Friday, the Nasdaq Composite Index was just 7 points away from its all-time high, last seen in March 2000. Nasdaq Composite closed at 5,026, gaining nearly 0.7 percent as many stocks touched 52-week high, pushing the broader market higher. S&P 500 Index ended 0.9 percent higher at 2,108... read more

U.S. Markets close strong; Nasdaq at 15-year high

The stock markets closed higher on Friday as new technology market barometer Nasdaq touched 15 year high. The S&P 500 and Dow Jones also gained as the U.S. dollar recovered after the Federal Reserve policy led to quick fall during the week.

The Nasdaq biotech index gained 0.5 percent... read more

Qualcomm’s Board gives Approval for Major Increase in its Capital Return Program

Chip maker Qualcomm recently announced that its board has given approval for a major increase in the company's capital return program to deliver value to its stockholders. The board has authorized the company to repurchase up to $15 billion of its common stock. This $15 billion program replaces... read more

Apple to join Dow Jones index while AT&T kicked out

iPhone and Mac giant Apple will be shortly added to the 30-stock Dow Jones Industrial Average index on March 19. The move will mean exit of AT&T from the index. In order to balance the impact of technology sector on the index, the Cupertino, California-based technology major Apple will be... read more

Investors skeptical about AbbVie’s Pharmacyclics deal

Investors have questioned the $21 billion deal signed by AbbVie Inc to buy cancer drug Imbruvica maker Pharmacyclics Incorporated. AbbVie CEO Richard Gonzales has defended the decision of the company to buy Pharmacyclics as AbbVie faces tough times in 2016 with the expiry of its best-selling... read more

Shake Shack could shake McDonald’s market share

Shake Shack IPO made a strong debut on the stock exchange, offering amazing return to investors. The fast-casual chain of food joints claims to offer healthier snacks to customers. On the listing day, Shake Shack has been valued at $1.7 billion by investors.

The IPO has been successful... read more

Emaar Properties Plans IPO in September as Confidence Returns

Emaar Properties will launch initial public offer in September for stake sale up to 15 percent in its shopping malls and retail space unit. The stocks will be listed in October at Dubai Stock Exchange. The IPO offer will be the largest for the Middle East region after the 2008 economic crisis.... read more

Sprint Drops T-Mobile Acquisition Plan ; CEO to be replaced

Telecom major Sprint has dropped the plan to acquire controlling stake in T-Mobile, as per media report published in Bloomberg. The company is also planning to appoint Marcelo Claure as CEO.

As per the sources, Sprint has dropped the plan as the regulatory approval process would be too... read more

Business Briefs: Disney reports 22 percent increase in net profit

Walt Disney Co has reported 22 percent increase in quarterly net profit, well above the market expectations. The media major registered higher footfalls at theme parks and higher sales of merchandise tied to mega hit “Frozen”. The success of movie “Captain America” also contributed to the... read more

Japan's Nikkei Share Average Drops to One-Week Low

A slump has been noticed in Japan's Nikkei share average as it dropped to a one-week low on Friday. The drop is attributable to concerns that US interest rates are likely to rise sooner than expected. However, losses were controlled to a great extent by companies such as Sony Corp.

Nikkei... read more

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