Recent Articles
Green Mountain (GMCR) Acquires Canadian Coffee Company
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) has acquired Canadian coffee roaster LJVH Holdings, Inc., better known as Van Houtte, from a private equity firm for $890 million.
Xerox Back in Focus, But Is XRX Stock a Buy?
When Xerox Corp. (NYSE: XRX) paid $6.4 billion a year ago to acquire business process outsourcing firm Affiliated Computer Services, Xerox shares plunged nearly 15%. Since then, the company's fortunes have improved significantly, even though the share price has only managed to recover the loss it suffered when the ACS purchase was announced.
Shanda, Netease Online Games Continue to Struggle
Continuing a trend in China's online gaming business, Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA) and its game unit Shanda Games Ltd. (NASDAQ: GAME) have produced a lackluster report on second quarter earnings. Shanda Interactive said its net profit fell -60%, while Shanda Games saw net profits fall -16%.
OPEC Produces Less Oil as Crude Prices Move Higher
Crude oil prices have been on the rise recently, and OPEC looks like it wants to keep them from rolling back. After reduced GDP estimates for the U.S. and the global economy, top oil producers announced they will roll back crude output this week.
Vodafone (VOD) Sells Stake in China Mobile (CHL)
In 2000, British mobile phone company Vodafone Group plc (NASDAQ: VOD) bought a stake of slightly more than 2% in China Mobile Ltd. (NYSE: CHL), China's largest mobile network. Vodafone upped its stake to about 3.2% in 2002, and said that it might ultimately acquire as much as 15%-20% of China Mobile, depending on what regulators allowed them to do.
Join Louis Navellier’s Market 360 — FREE!
Get Louis Navellier’s take on the news and events impacting the market, plus his top stock picks.
