The Italian Prime Minister has called for a cabinet meeting to discuss the request for funds from the parliament. The funds will be used to rescue the country's most troubled banks.
The RF had already received a recommendation of hold. The average target price for a year is now $11.44
Bank of America Corp is seen to significantly benefit from higher interest rates and lighter regulations. From a recorded loss in June, BAC has been recovering with its stock up 20% for the year.
Ford is working its way to the top as it unveils and share to the world its newest plane of investment. Ford has been one of the premiere car mannufacturing company in the world.
Fever-Tree founders have reportedly sold their shares worth £18 million in total as a result of demands by investors. However, they claim to still be sticking with the business and still have the majority of their shares.
State-run media broadcasts indicated that the Chinese government is turning against the country’s most successful e-commerce company Alibaba. However, the company didn’t seem to take much damage from the reports in terms of sales and shares.
Marriott Reached Merger Deal of $13.6 Billion With Starwood, Forming The World’s Largest Hotel Company
Marriott and Starwood are agreeing on a new deal that would total in $13.6 billion for a merger of the two groups. The merger would form the world’s largest hotel operator with 30 brands and more than 5,500 hotels worldwide.
Peabody is facing difficulties as it shares declined sharply the past year. It is considering to file Chapter 11 sooner or later to protect it from creditors while restructuring the company and recovers from the large loss.
Sony will pay $750 million to the Michael Jackson estate for its share in the music catalog. Once the deal is closed, the estate will be no longer in debt.
It's an irony for food restaurant chain Chipotle to face another issue with food poisoning when the store is making enough effort to recover from recent sanitation problems. Employees from Billerica location has been reported to be sick where one fell ill with norovirus making the shares to dive at 2.4%.
Old Mutual Reportedly Planning to Split Into Several Units, The Company Stated It's Considering All Options
Giant South Africa-based international banking group Old Mutual has stated that they are considering all options as a result of a strategic review. Many believe that the group is planning to split itself into several business units.
SunEdison Inc. acquired Vivint Solar after Vivint’s shareholders overwhelmingly approved the deal of about $1.9 billion. SunEdison, once the world’s largest renewable energy company, is now facing a financial crisis with billions of debt after massive acquisition binge and plummeting stocks.
Yahoo’s planned restructuring plan had started on Wednesday, whereas 107 employees had received a written notice that after 60 days they would have to leave the office. That would be the first batch of what is expected to be a much bigger job cuts of 1,500 employees or 15 percent of the company’s workforce.
The rise of oil prices had brought positive growth to most of the Asian markets, except for Japan. On the other hand, European market had seen a drop. The oil prices increased overnight due to speculations that U.S Federal Reserve would possibly decide not to increase interest rates throughout 2016.
Considering the adverse conditions being faced by the Brazilian oil and gas company, Petroleo Brasileiro Petrobras' price estimate has been revised down to $7.41 a share from $10.80.