Walt Disney Co (DIS) Plans To Invest $250 Million In DraftKings

Walt Disney Co has announced to invest $250 million in DraftKings to acquire 27% stake in the daily fantasy sports site. Business Finance News discusses implications if the deal goes through Walt Disney Co (NYSE:DIS), one of the biggest entertainment empires in the world, has announced that it will be investing $250 million in the … Read more

Chipotle Mexican Grill Stock On The Watch Following Downgrade

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares took a beating today, after a Street analyst downgraded the company. Deutsche Bank analyst Karen Short lowered the rating to a Sell, retaining the target price at $400. The stock traded lower in the pre-market session following the news, and is currently down 1.88% at $516.00 at 10:20 AM … Read more

McDonald´s High Stock Returns To Continue

McDonald’s stock hit an all time high Friday as Wall Street cheered the company’s third quarter results. The share price hit about $274 on Friday, a jump of roughly 3% for the day. On Thursday, McDonald’s reported consolidated revenues of about $5.87 billion for the third quarter, a year-over-year decline not adjusting for currency fluctuations, which beat Wall … Read more

Morgan Stanley Eyes Emerging Market Debt

Morgan Stanley (NYSE:MS) is bullish on local currency debt of emerging market after getting confidence from Indonesian and Malaysian currencies. Since the start of fourth quarter 2015 (4QFY15), the Indonesian currency has appreciated 10.3%, Malaysian currency surged 5.7%, while the Indian currency weakened by 3.1%. This makes Indonesian and Malaysian securities very attractive amongst emerging … Read more

Tesla Motors Inc: Solaredge Technologies Inc To Unveil Powerwall At UK Show

Solaredge will present Tesla’s batteries at Solar Energy UK in Birmingham next week, which will be available in the region by the first half of next year Solaredge Technologies Inc (NASDAQ:SEDG), the solar power harvesting and photovoltaic (PV) monitoring company, confirmed that it will be presenting Tesla Motors Inc (NASDAQ:TSLA) storage batteries at Solar Energy … Read more

Airbus Group Receives Order of 50 Aircraft From Saudi Airlines

Saudi Arabian Airlines signs a contract with Airbus to acquire 30 A320 and 20 A330 commercial aircraft through International Airfinance Corporation Airbus Group (OTCMKTS:EADSY) recently announced that it signed a contract with Saudi Arabian Airlines to deliver 50 aircraft for a total value of $8.2 billion based on the list price. Airbus was in talks … Read more

Qualcomm, Inc. Giving Samsung Exclusive Access to Snapdragon 820?

The new Qualcomm Inc. (NASDAQ:QCOM) Snapdragon 820 has managed to create mass hysteria which no other mobile processor has ever been able to achieve. Industry experts and smartphone enthusiasts have been eagerly awaiting the arrival of the first handset to feature the latest variant of Qualcomm mobile processor. The exclusivity will reportedly last up till … Read more

LinkedIn Corp To Double Its 380 Million User Base In The Long Term

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 Inc (ACI) Stock Soars 24% After Self-Bonding Patents’ Approval

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 Rebound as Supply Tightens and Traders Close Short Positions

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

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