Walt Disney Co Likely To Sell Fusion Stake

Disney is reportedly in talks with Univision Communication to sell its stake in Fusion as it shifts focus to other ventures Walt Disney Co (NYSE:DIS) is said to be in negotiations with Univision Communications Inc. to sell its stake in Fusion – a joint cable and digital news network. The Wall Street Journal (WSJ) reported … Read more

Orbital ATK Inc Signs 5-Year IDIQ Contract with the US Defense Department

Orbital ATK has been awarded a five-year contract to supply non-standard ammunition to the department of defense. Orbital ATK Inc. (NYSE:OA) announced that the US Department of Defense (DOD) has awarded the company with an Indefinite Delivery Indefinite Quantity (IDIQ) contract. Under the terms, it is required to deliver non-US standard ammunition (NSA) and mortar … Read more

SolarCity Corp Stock Price Target Upgraded

Baird’s research note on SolarCity Corp stock after 2Q earnings report Business Finance News reviews Baird’s research note on SolarCity Corp stock after 2Q earnings report. SolarCity Corp. (NASDAQ:SCTY) published its second quarter earnings report for the fiscal year 2015 on July 29, beating the Street massively on revenues by $12.6 million, recording $102.8 million; … Read more

ARCH Coal Inc Is Getting Desperate

ARCH Coal Filed For Bankruptcy In 2015 we already published that ARCH Coal had to accomplish a large payment of a debt by December 2015. However, they opted to defer payment to mid-January 2016. The goal here was to buy some time with the holders of debt. We asked our sources which are the reasons … Read more

Citigroup Inc: A Notch Above Peers in Commodities

Citigroup Ranks Itself Up In Commodity Trading Amid Declining Commodity Prices Citigroup ranks itself up in commodity trading amid declining commodity prices. Citigroup Inc. (NYSE:C) has proudly announced to bank on trading raw materials, as opposed to peers that have been hesitant amid declining commodity prices. The bank’s gross profit from commodity trading increased 50% year-over-year (YoY) … Read more

Don’t Forget About GM’s Chevy Bolt Amid Tesla’s Model 3 Hype

GM’s Chevy Bolt Just when Tesla Motors’ most anticipated event is drawing near, General Motors is also flexing its muscle with the pre-production of Chevrolet BoltThere is developing news related to a mass-market electric car and it is not related to Tesla Motors Inc. (NASDAQ:TSLA). It is hard for any non-Tesla related electric vehicle (EV) … Read more

GoPro Inc (GPRO) Recent Stock Slump; Time to Abandon Ship?

GoPro Inc (NASDAQ:GPRO) made a couple of disappointing announcements yesterday that wreaked havoc for its stock. The shares nosedived 25% in after-hours trading after news emerged that the company will slash roughly 7% of its workforce on the back of disappointing holiday sales. Furthermore, the management also provided revenue guidance for the fourth quarter, which … Read more