Morgan Stanley is expected to report sharp declines in third-quarter earnings and revenue ahead of Wednesday’s opening bell, hurt by months of weak trading activity. The financial giant is forecast to post earnings of 15 cents …
Seagate Technology (STX) surged in premarket trading after saying that it received an indication of interest about going private.
Seagate, which makes hard disk drives and storage products, gained 20.96% to $15.35 a share at 6:19 am, from Thursday’s closing price of $12.69.
The company said Thursday that it is in discussions with the party that indicated interest. Seagate has…
Continue reading Seagate Shares Jump as It Considers Going Private
Seagate Shares Jump as It Considers Going Private originally appeared on DailyFinance on Fri, 15 Oct 2010 06:37:00.
Filed Under: Company News, Technology, Stocks in the News, Market News
General Motors is giving some 600,000 employees, retirees and dealers the chance to purchase stock in the resurgent company as the auto giant moves forward with its initial public offering, slated for next month.
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Poor crop harvests due to bad weather, soaring demand from developing countries and now the spreading currency war are all combining to send food prices soaring worldwide. Even worse is the prospect for a humanitarian disaster …
The financial media loves to pluck struggling analysts from obscurity and propel them to fame on the backs of a few good calls, then shoot them full of arrows at them when their predictions start to fail. And inevitably, those …