holding

Roche Pharma Acquires Ignyta for $1.7 billion

Roche Pharma Acquires Ignyta for $1.7 billion

Roche Holdings entered into a definitive agreement  with Ignyta Inc. (NASDAQ: RXDX) to acquire the biotech company specialized in the oncology field. Under the agreement, Roche agreed to purchase Ignyta at a price of $27.00 per share in cash. I..

Alibaba Posts Better-than-Expected Earnings

Alibaba Posts Better-than-Expected Earnings

Alibaba Group Holding Ltd. (NYSE: BABA) on Thursday reported raised its full year forecast after the company reported better-than-expected quarterly earnings.The Chinese e-commerce giant said revenue rose 61 percent to 55.12 billion yuan ($8.34 bill..

GNC Misses Earnings Expectations, Shares Drop

GNC Misses Earnings Expectations, Shares Drop

On Thursday, GNC Holdings Inc (NYSE: GNC) announced its financial results for the third quarter of 2017, with both earnings and revenues missing analysts’ estimates.The company reported revenue of $609.5 million, dropping 2.9% compared with th..

Malaysian Sukuk Finds Favor Among Chinese Companies

Malaysian Sukuk Finds Favor Among Chinese Companies

Chinese companies are increasingly sourcing funds through Malaysian Islamic bonds or Sukuk in Malaysia. The last two weeks of July witnessed a number of such financial arrangements, including the shoring up of Tadau Energy, a solar energy unit from ..

Paypal Announced partnership with Samsung Pay and Visa

Paypal Announced partnership with Samsung Pay and Visa

PayPal Holdings, Inc. (NASDAQ: PYPL), one of the world’s largest Internet payment companies, has announced a big move to expand its digital payment system as they will be partnering with Samsung Electronics. Samsung users will now be able to u..

Tile Shop Holdings, Inc. Stock Down After Earnings

Tile Shop Holdings, Inc. Stock Down After Earnings

Tile Shop Holdings, Inc. (NASDAQ: TTS) released subpar earnings today, leading to a 25% slide in the stock price and concerns about the future.The tile shop has fallen below its 200-day moving average, as well as reached an 8-month low today after r..

Hertz Global Holdings, Inc. Stock on the Rise

Hertz Global Holdings, Inc. Stock on the Rise

On Thursday, shares of Hertz Global Holdings, Inc. (NYSE: HTZ) showed a 15.75% increase with a closing price of $15.07. The stock is trading higher for a week as it climbed from its July 5 close of $11.03 to Thursday’s close of $15.07. Founded..