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Tyco (TYC) Shares Fall, Schneider Electric SA Denies $30 Billion Bid

Tyco (TYC) Shares Fall, Schneider Electric SA Denies $30 Billion Bid

On Wednesday, Tyco International Ltd. (NYSE: TYC) shares dropped as France’s Schneider Electric SA says the rumors of a $30 billion bid are false. As both reported by Bloomberg and The Wallstreet Journal, that Schneider Electric was planning a $30 billion take over bid for Tyco

SRA International (SRX) Acquired by Providence Equity Partners for $1.88 Billion

SRA International (SRX) Acquired by Providence Equity Partners for $1.88 Billion

SRA International Inc. (NYSE: SRX), technology consult company, announced on Friday that it has agreed to be acquired for $1.88 billion by Providence Equity Partners, which is a private equity company

Sealy Corp. (ZZ) Releases 1Q Earnings Fall to a Loss

Sealy Corp. (ZZ) Releases 1Q Earnings Fall to a Loss

Sealy Corp. (NYSE: ZZ) reported on Wednesday that during its first quarter it earnings fell to a loss, as it saw a sharp decline in sales and increased advertising costs. Sealy said on Wednesday that for its first quarter which ended on February 27, it posted a loss of $902,000, or 1 cent per share,

Sealy Corp. (ZZ) Releases 1Q Earnings Fall to a Loss

Sealy Corp. (ZZ) Releases 1Q Earnings Fall to a Loss

Sealy Corp. (NYSE: ZZ) reported on Wednesday that during its first quarter it earnings fell to a loss, as it saw a sharp decline in sales and increased advertising costs

Sealy Corp. (ZZ) Releases 1Q Earnings Fall to a Loss

Sealy Corp. (ZZ) Releases 1Q Earnings Fall to a Loss

Sealy Corp. (NYSE: ZZ) reported on Wednesday that during its first quarter it earnings fell to a loss, as it saw a sharp decline in sales and increased advertising costs.

Apollo Global (APO) Shares Drop After IPO too High

Apollo Global (APO) Shares Drop After IPO too High

Apollo Global Management LLC (NYSE: APO), an investment company, on Wednesday announced its first day of trading on the New York Stock Exchange, but shares fell after IPO was priced too high. On Wednesday, Apollo made its first step onto the New York Stock Exchange

Apollo Global (APO) Shares Drop After IPO too High

Apollo Global (APO) Shares Drop After IPO too High

Apollo Global Management LLC (NYSE: APO), an investment company, on Wednesday announced its first day of trading on the New York Stock Exchange, but shares fell after IPO was priced too high. On Wednesday, Apollo made its first step onto the New York Stock Exchange. For its initial public offering, the company offered 29.76 million

Entergy (ETR) Shares Fall As Concern Grows for Nuclear Energy

Entergy (ETR) Shares Fall As Concern Grows for Nuclear Energy

Entergy Corp.  (NYSE: ETR) shares dropped on Tuesday as the nuclear crisis in Japan affected safety concerns through out all power plants in the country. In Japan, after the devistating earthquake and tsumani, an explosion shook a third reactor which caused radiation to leak and residents were ordered to stay inside, while 70,000 people had

Family Dollar (FDO) Raises Outlook for Second Quarter Earnings

Family Dollar (FDO) Raises Outlook for Second Quarter Earnings

Family Dollar Stores Inc. (NYSE: FDO) on Monday increased its second quarter earnings forecast, beating analysts outlook for the quarter as sales rise

AOL (AOL) Cuts Approximately 20 Percent of its Employees in U.S. and India

AOL (AOL) Cuts Approximately 20 Percent of its Employees in U.S. and India

AOL  (NYSE: AOL) announced on Thursday that will be cutting approximately 20 percent of its employees as in the U.S. and India as it tries to save its company. AOL will eliminate around 200 employees who are employed in its internet media and technology areas in the U.S.

3M (MMM) and Quanta Create Partnership Making Touchscreen Parts

3M (MMM) and Quanta Create Partnership Making Touchscreen Parts

3M Co. (NYSE: MMM) announced on Thursday its joint partnership with Taiwan’s Quanta Computer company which will create a new company which will create parts for touchscreen technology items.

3M (MMM) and Quanta Create Partnership Making Touchscreen Parts

3M (MMM) and Quanta Create Partnership Making Touchscreen Parts

3M Co. (NYSE: MMM) announced on Thursday its joint partnership with Taiwan’s Quanta Computer company which will create a new company which will create parts for touchscreen technology items. 3M said that the new agreement is an added edition to the current agreement which it holds with Quanta Computer to create parts and other items

AIG (AIG) Sells its Metlife (MET) Shares Worth $9.6 Billion

AIG (AIG) Sells its Metlife (MET) Shares Worth $9.6 Billion

American International Group Inc.

SAP (SAP) Disagrees with Verdict of $1.3 Billion to Oracle (ORCL)

SAP (SAP) Disagrees with Verdict of $1.3 Billion to Oracle (ORCL)

On Wednesday, SAP AG (NYSE: SAP) filed a motion in court to reduce the $1.3 billion copyright infringement verdict that was awarded to Oracle Corp (Nasdaq: ORCL). During 2007, Oracle filed a copyright infringement lawsuit against SAP claiming that it used Oracle’s support materials illegally and stole its customers by providing the same support for

Freddie Mac (FMCC) Requests $500 Million in Additional Aid, 4Q Loss Grows

Freddie Mac (FMCC) Requests $500 Million in Additional Aid, 4Q Loss Grows

Government controlled, Freddie Mac (FMCC.OB), said on Thursday that for the fourth quarter, its loss increased, which shows signs that the housing state is suffering. Freddie Mac said on Thursday that for the fourth quarter it posted a loss of $1.7 billion or 53 cents per share, compared to a loss of $7.8 billion or

Freddie Mac (FMCC) Requests $500 Million in Additional Aid, 4Q Loss Grows

Freddie Mac (FMCC) Requests $500 Million in Additional Aid, 4Q Loss Grows

Government controlled, Freddie Mac (FMCC.OB), said on Thursday that for the fourth quarter, its loss increased, which shows signs that the housing state is suffering. Freddie Mac said on Thursday that for the fourth quarter it posted a loss of $1.7 billion or 53 cents per share, compared to a loss of $7.8 billion or

Carl Icahn Offers to Purchase Mentor Graphics (MENT) for $1.86 Billion

Carl Icahn Offers to Purchase Mentor Graphics (MENT) for $1.86 Billion

On Tuesday, Investor Carl Icahn, made an unsolicited offer to purchase Mentor Graphics Corp.

Abercrombie & Fitch (ANF) 4Q Earnings, Shares Leap

Abercrombie & Fitch (ANF) 4Q Earnings, Shares Leap

Abercrombie & Fitch Co.  (NYSE: ANF) said on Wednesday that its earning for the fourth quarter practically doubled as stores overseas and in the U.S. saw increased spending

DSW (DSW) Shares Jump on News of Largest Shareholder Purchase

DSW (DSW) Shares Jump on News of Largest Shareholder Purchase

DSW Inc.

Wells Fargo (WFC) ATM Machines Crash on Monday

Wells Fargo (WFC) ATM Machines Crash on Monday

On Monday, Wells Fargo & Co. (NYSE: WFC) said that over 12,000 of its ATM’s had crashed across the country, which enraged its customers.