AOL (NYSE: AOL) recently announced that it plans to buy back an additional $550 million worth shares as it seeks to return $1.1 billion that it generated from the sale of patents to Microsoft (MSFT).
Tom Lydon submits:
Exchange traded funds (ETFs) kicked off the new year by moving higher, helped by investor enthusiasm for equities and optimism about the outlook for U.S. growth. ETFs are buoyed by stock-market gains in Asia and Europe, with some relief about slowing growth in China’s manufacturing sector, according to data released during the weekend.
DETROIT — General Motors Co reported record quarterly earnings before charges for the third quarter, as strong demand for trucks in North America and improved profit margins in China overcame declining revenues.
GM shares rose about 4.5 per cent to US$35 in premarket trading.
GM posted profit of US$1.50 a share in the quarter, up 55 per cent from a year ago and well ahead of the US$1.18 per share consensus among Wall Street analysts polled by Thomson Reuters I/B/E/S.
The Walt Disney Company (DIS) announced yesterday that it would shed close to 700 jobs in its Interactive Media segment and laid out plans to restructure and revive the troubled online and gaming business that has struggled to turn a profit since its inception.
PrairieSky Royalty Ltd. earned a price upgrade from CIBC Capital Markets after posting results Wednesday that were “above expectations.”
CIBC analyst Arthur Grayfer raised the company’s target price to $30 per share from $27.50 earlier, noting that the new target price is “supported by a sustainable yield, a war chest, and long-term growth visibility due to a very large land position.”