Dutch navigation company TomTom announced on Thursday a multi-year contract to provide Uber with digital maps and traffic data for the software used by its drivers.It is the latest in a series of deals for the Dutch company, which also signed agreements this year to provide maps for Volkswagen and renew a contract to supply maps for Apple's built-in iPhone navigation app.TomTom CEO Harold Goddijn said Uber had chosen the Dutch company because the ride-hailing app company wanted to have "total control" over its own products. "What they (Uber) get from us is total control of their application," Goddijn said at the Morgan Stanley TMT conference in Barcelona. Financial terms of the Uber deal were not disclosed.
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company provides a variety of products and financial services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 1.17% or $-0.41/share to $34.61. In the past year, the shares have traded as low as $30.15 and as high as $41.04. On average, 13780300 shares of MS exchange hands on a given day and today's volume is recorded at 3982338.
Source
Thursday, November 12, 2015
Wednesday, November 11, 2015
Kroger to purchase Roundy's to expand in Midwest, (NYSE: KR), (NYSE: RNDY)
Supermarket operator Kroger Co said it would purchase smaller chain Roundy's Inc for $800 million including debt to expand in Wisconsin and the Chicago area.The $3.60 per share cash offer represents a 65 percent premium to Roundy's Tuesday close of $2.18.The deal has an equity value of $177.8 million, based on Roundy's outstanding shares as of Aug. 3. Milwaukee-based Roundy's operates supermarkets under the Pick 'n Save, Copps and Metro Market and Mariano's banners, primarily in the upper Midwest.
The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. Shares of KR fell by 0.64% or $-0.24/share to $37.03. In the past year, the shares have traded as low as $27.32 and as high as $39.43. On average, 7697290 shares of KR exchange hands on a given day and today's volume is recorded at 7538514.
Roundy's, Inc. is a Midwest supermarket chain. The Company offers a range of products, stocking around 45,000 different items. Shares of RNDY traded higher by 63.76% or $1.39/share to $3.57. In the past year, the shares have traded as low as $2.03 and as high as $6.12. On average, 489408 shares of RNDY exchange hands on a given day and today's volume is recorded at 14836210.
Source
The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. Shares of KR fell by 0.64% or $-0.24/share to $37.03. In the past year, the shares have traded as low as $27.32 and as high as $39.43. On average, 7697290 shares of KR exchange hands on a given day and today's volume is recorded at 7538514.
Roundy's, Inc. is a Midwest supermarket chain. The Company offers a range of products, stocking around 45,000 different items. Shares of RNDY traded higher by 63.76% or $1.39/share to $3.57. In the past year, the shares have traded as low as $2.03 and as high as $6.12. On average, 489408 shares of RNDY exchange hands on a given day and today's volume is recorded at 14836210.
Source
STMicro has no plans for M&A until growth revives -CEO, (NYSE: MS)
Europe's largest chipmaker STMicroelectronics reiterated on Wednesday that mergers and acquisitions were not a priority for now as its focuses on boosting sales and restructuring its digital products division. Speaking at the annual Morgan Stanley TMT conference in Barcelona, Spain, ST Chief Executive Carlo Bozotti said he could not rule out M&A becoming important for ST in the future, but it is "not on the table today"."Our priority is No. 1: growth, and No. 2: resolve the problem in our digital products group," Bozotti said.The Franco-Italian chipmaker has refrained from taking part in a global consolidation wave in the semiconductor industry over the past year that continues at a breathless pace.
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company provides a variety of products and financial services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.54% or $-0.19/share to $35.05. In the past year, the shares have traded as low as $30.15 and as high as $41.04. On average, 13830300 shares of MS exchange hands on a given day and today's volume is recorded at 4717104.
Source
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company provides a variety of products and financial services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.54% or $-0.19/share to $35.05. In the past year, the shares have traded as low as $30.15 and as high as $41.04. On average, 13830300 shares of MS exchange hands on a given day and today's volume is recorded at 4717104.
Source
Monday, November 9, 2015
HSBC hopes to leapfrog rivals with new China partnership, (NYSE: MS), (NYSE: TRI), (TSE: TRI.TO)
HSBC is seeking to overtake Western rivals in the race for a slice of China's $4 trillion onshore bond market thanks to an investment banking partnership with a state-owned investor it announced last week.Europe's biggest bank is late among foreign banks to the party in China's onshore investment banking market, where rivals like Credit Suisse, Deutsche Bank and Goldman Sachs established joint ventures with local players years ago.But foreign banks have made limited inroads in China because of the restrictive licences handed out to the early entrants. Morgan Stanley Huaxin Securities, the top foreign player in China's onshore bond market this year, ranked 29th by proceeds raised, just ahead of UBS, according to Thomson Reuters data.The move is not without risk in a slowing economy with a heavily indebted corporate sector, but HSBC, which is exploiting new rules that favour Hong Kong-funded lenders, will have an extensive licence and will not be bound by the 49-percent ownership cap normally imposed on foreigners.
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company provides a variety of products and financial services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 4.52% or $1.53/share to $35.41. In the past year, the shares have traded as low as $30.15 and as high as $41.04. On average, 13768600 shares of MS exchange hands on a given day and today's volume is recorded at 19355167.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 1.23% or $-0.5/share to $40.14. In the past year, the shares have traded as low as $36.49 and as high as $42.64. On average, 983432 shares of TRI exchange hands on a given day and today's volume is recorded at 696959.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.26% or $-0.14/share to $53.35. In the past year, the shares have traded as low as $42.51 and as high as $55.92. On average, 938745 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 624041.
Source
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company provides a variety of products and financial services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 4.52% or $1.53/share to $35.41. In the past year, the shares have traded as low as $30.15 and as high as $41.04. On average, 13768600 shares of MS exchange hands on a given day and today's volume is recorded at 19355167.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 1.23% or $-0.5/share to $40.14. In the past year, the shares have traded as low as $36.49 and as high as $42.64. On average, 983432 shares of TRI exchange hands on a given day and today's volume is recorded at 696959.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.26% or $-0.14/share to $53.35. In the past year, the shares have traded as low as $42.51 and as high as $55.92. On average, 938745 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 624041.
Source
Sunday, November 8, 2015
RPT-Brookfield ups ante on $6.5 billion approach for Australia's Asciano, (NYSE: BAM)
Canada's Brookfield Asset Management shelved a $6.5 billion takeover agreement with Australian port and rail giant Asciano and said it will launch a formal takeover offer instead, threatening a rival proposal and raising the antitrust regulator's role in deciding the outcome. Since Brookfield and Asciano agreed to a buyout in August, local port competitor Qube Holdings Ltd has bought one-fifth of the target and vowed to oppose a Brookfield takeover in favour of its own proposal to split the target's assets between itself and global investment partners.The Australian Competition and Consumer Commission (ACCC) has also suggested it might stop Brookfield buying Asciano since the Canadian suitor already owns some of the railways Asciano's trains run on. It will make a final ruling on Dec. 17.But on Friday, Brookfield fought back by buying its own one-fifth stake in Asciano. And in a subtle but significant change, it said it would delay the agreed buyout and launch a formal takeover instead, meaning it needs only 50.1 percent shareholder approval, rather than 75 percent.
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. Shares of BAM fell by 0.86% or $-0.3/share to $34.44. In the past year, the shares have traded as low as $29.83 and as high as $39.00. On average, 1505830 shares of BAM exchange hands on a given day and today's volume is recorded at 863608.
Source
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. Shares of BAM fell by 0.86% or $-0.3/share to $34.44. In the past year, the shares have traded as low as $29.83 and as high as $39.00. On average, 1505830 shares of BAM exchange hands on a given day and today's volume is recorded at 863608.
Source
Friday, November 6, 2015
Berkshire profit doubles to record on Kraft Heinz, (NYSE: BRK-A), (NYSE: BRK-B), (NYSE: TRI), (TSE: TRI.TO)
Warren Buffett's Berkshire Hathaway Inc said quarterly profit doubled to a record high, reflecting a large gain on its stake in Kraft Heinz Co, while operating profit declined on weaker results from insurance underwriting.Third-quarter net income rose to $9.43 billion, or $5,737 per Class A share, from $4.62 billion, or $2,811, a year earlier.Operating profit fell 4 percent to $4.55 billion, or $2,769 per share, from $4.72 billion, or $2,876.Analysts on average expected operating profit of $2,720.60 per share, according to Thomson Reuters I/B/E/S.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. Shares of BRK-A fell by 0.78% or $-1594.0/share to $203100.00. In the past year, the shares have traded as low as $190007.00 and as high as $229374.00. On average, 302 shares of BRK-A exchange hands on a given day and today's volume is recorded at 520.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. Shares of BRK-B fell by 0.18% or $-0.24/share to $136.33. In the past year, the shares have traded as low as $125.50 and as high as $152.94. On average, 4208670 shares of BRK-B exchange hands on a given day and today's volume is recorded at 3730980.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 1.23% or $-0.5/share to $40.14. In the past year, the shares have traded as low as $36.49 and as high as $42.64. On average, 987100 shares of TRI exchange hands on a given day and today's volume is recorded at 696959.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.26% or $-0.14/share to $53.35. In the past year, the shares have traded as low as $42.51 and as high as $55.92. On average, 938989 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 624041.
Source
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. Shares of BRK-A fell by 0.78% or $-1594.0/share to $203100.00. In the past year, the shares have traded as low as $190007.00 and as high as $229374.00. On average, 302 shares of BRK-A exchange hands on a given day and today's volume is recorded at 520.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. Shares of BRK-B fell by 0.18% or $-0.24/share to $136.33. In the past year, the shares have traded as low as $125.50 and as high as $152.94. On average, 4208670 shares of BRK-B exchange hands on a given day and today's volume is recorded at 3730980.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 1.23% or $-0.5/share to $40.14. In the past year, the shares have traded as low as $36.49 and as high as $42.64. On average, 987100 shares of TRI exchange hands on a given day and today's volume is recorded at 696959.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.26% or $-0.14/share to $53.35. In the past year, the shares have traded as low as $42.51 and as high as $55.92. On average, 938989 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 624041.
Source
Subscribe to:
Posts (Atom)