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Apple Nears Bear Market Territory After BofA Cuts to Hold

2015-08-05 17:13:13| Semiconductors - Topix.net

If the stock drops again today it would mark its twelfth daily decline in the last thirteen trading sessions as the shares inch closer to entering a "bear market," defined as being down 20% or more from its recent high of about $133 per share. MERRILL DOWNGRADE: Bank of America Merrill Lynch analyst Wamsi Mohan downgraded Apple to Neutral and lowered his price target on the stock to $130 from $142, saying a slowdown in iPhone growth could pressure shares over the near-term.

Tags: market hold apple bear

 

Verizon workers could strike in Pennsylvania, other states as deadline nears

2015-08-01 14:11:26| Telecom - Topix.net

Verizon workers in nine states, including Pennsylvania, could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier. A contract covering 39,000 Verizon workers represented by two unions expires at the end of Saturday.

Tags: states workers pennsylvania strike

 
 

Origin Energy shares rise as start-up nears of $24.7b Australia Pacific LNG project

2015-07-28 10:27:18| Oil & Gas - Topix.net

Origin Energy has given its firmest signal yet that the start-up of its $24.7 billion Australia Pacific liquefied natural gas project in Queensland is just around the corner, sending its share price up as much as 4 per cent. The APLNG venture led by Origin and its US partner ConocoPhillips on Tuesday started loading refrigerants necessary for the start-up onto the plant site at Curtis Island in Gladstone, marketing a key milestone in the process.

Tags: project australia energy rise

 

Origin Energy shares rise as start-up nears of $24.7b APLNG

2015-07-28 08:38:47| Energy - Topix.net

Origin Energy has given its firmest signal yet that the start-up of its $24.7 billion Australia Pacific liquefied natural gas project in Queensland is just around the corner, sending its share price up as much as 4 per cent. The APLNG venture led by Origin and its US partner ConocoPhillips on Tuesday started loading refrigerants necessary for the start-up onto the plant site at Curtis Island in Gladstone, marketing a key milestone in the process.

Tags: energy rise origin shares

 

Teva nears deal for Allergan's generic drugs unit: Source

2015-07-26 18:24:45| Biotech - Topix.net

Teva Pharmaceutical Industries Ltd is in advanced talks to buy Allergan Plc's generic drug business following a thus far unsuccessful effort to acquire peer Mylan NV , according to a person familiar with the matter. REUTERS: Teva Pharmaceutical Industries Ltd is in advanced talks to buy Allergan Plc's generic drug business following a thus far unsuccessful effort to acquire peer Mylan NV , according to a person familiar with the matter.

Tags: source unit deal drugs

 

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