Wedbush believes LinkedIn offers growth potential, but remains concerned about user engagement Wedbush has assumed coverage on LinkedIn Corp (NYSE:LNKD) with a Neutral rating and price target of $200. The sell side firm said that LinkedIn has significant growth prospects; however it remains concerned with the fact that the company is unlikely to increase user … Read more
Arch Coal stock closed up 24.4% following Wyoming Environmental Quality Department’s assessment of self-bonding applications Arch Coal Inc. (NYSE:ACI) stock closed up 24.4% on the New York Stock Exchange (NYSE) on Monday, September 14, following the news that the Wyoming Department of Environmental Quality ended its assessment of self-bonding applications. The applications for two patent … Read more
Oil prices opened strong on Monday and extended gains by more than a third from this year’s lows in early Asian trade. This is largely due to expectations of a tightened supply that flickered hopes of an easing in the global oil glut. West Intermediate Texas (WTI) is trading up 1.89% at $36.6 per barrel, … Read more
Tesla Motors leases a 500,000 square feet facility next to its Palo Alto plant Tesla Motors Inc. (NASDAQ:TSLA) is expanding its manufacturing footprint even further after the much-anticipated Gigafactory announcement. Tesla has leased a manufacturing facility in Fremont, California, as reported by Silicon Valley Business Journal. The Palo Alto-based luxury Electric Vehicle (EV) maker confirmed … Read more
Tesla Motors installs its number 500 Supercharger in Germany making itself a benchmark for rivals Less than three years ago, Supercharger was a rare sight to see; but today Tesla Motors Inc. (NASDAQ:TSLA) has 500 Superchargers, operational around the globe. According to Tesla Motors Clubs, the electric vehicle (EV) installed its 500th Supercharger yesterday in Moers, … Read more
It seems Alphabet Inc (NASDAQ:GOOGL) is testing a new feature that will make the entering of passwords a thing of the past. In its sustained battle against poor passwords, the company has confirmed it is developing a salient new method that lets users login to their accounts with the help of their cellphones. The news … Read more
With developments in renewables and battery technology, Big Oil companies have a huge problem on their hands Big Oil has maintained a pivotal role in the global economy, but the oil crisis is starting to taking an increasingly heavy toll, especially with Royal Dutch Shell plc (ADR) (NYSE:RDS.A), Chevron Corporation (NYSE:CVX), and Exxon Mobil Corporation … Read more
For the first time in more than 30 years, the federal government has decided to hold off on authorizing new leases for coal mining on federal land. It will undertake a review to see whether taxpayers are getting a fair deal, while assessing the program’s environmental costs. This welcome news is long overdue. Taxpayers have … Read more
It is too early to predict FDA’s verdict regarding the approval of Sanofi combo drug for the treatment of diabetes Sanofi SA (NYSE:SNY) came into the spotlight after Food and Drug Administration (FDA) initiated a debate in association with its Diabetes Mellitus Type II combo drug LixiLan pointing out number of questions regarding the safety … Read more
Jawbone won a preliminary injunction against Fitbit in a trade secret case involving theft of confidential data Jawbone, a fitness maker company, won a preliminary injunction against its rival Fitbit Inc. (NYSE:FIT), in a trade secret lawsuit involving theft of confidential information. A court in California ordered five of Fitbit’s employees, who allegedly stole the … Read more
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