Pandora Media Halves Gains

Pandora Media Halves Gains

Pandora Media halved its earlier gains after Reuters said, citing a source, the company is making no new effort to sell itself and instead, is focused on executing its strategy and its operating model. Earlier, shares had soared 13.5% after CNBC said the company is open to selling itself. Pandora has expressed a willingness to engage to longtime suitor SiriusXM, and SiriusXM is expected to pursue a deal, CNBC said […]

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Falling Tech Stocks Keeping Nasdaq Composite Underwater

Falling Tech Stocks Keeping Nasdaq Composite Underwater

Technology stocks were declining Wednesday, with shares of tech companies in the S&P 500 posting a 0.9% drop. In company news, Super Micro Computer (SMCI) shares advanced Wednesday after analysts at DA Davidson today raised their investment call for the computer and computer accessories manufacturer to Buy from Neutral, also increasing their price target for the company’s stock by $7 to $32 a share. The upgrade follows the company late […]

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Wabco Posts Mixed Q3 Results; Boosts FY16 EPS Outlook Above Street, Narrows Revenue Guidance Range In Line

Wabco Posts Mixed Q3 Results; Boosts FY16 EPS Outlook Above Street, Narrows Revenue Guidance Range In Line

Wabco Holdings (WBC) reported financial results for Q3, with better-than-expected earnings and revenue that fell short of analysts’ estimates; it raised its fiscal 2016 outlook for earnings and narrowed its guidance range for revenue. The supplier of electronic, mechanical, electro-mechanical and aerodynamic products posted Q3 earnings of $1.54 per share, compared with the prior-year period’s $1.39 per share. Analysts polled by Capital IQ were expecting EPS of $1.48. Revenue was […]

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Accenture to Enable Hess’s Transition to the Cloud

Accenture to Enable Hess’s Transition to the Cloud

Accenture (ACN) has been chosen by Hess (HES) to help realize its As-a-Service vision that is part of the Hess IT transformation strategy. The new cloud-enabled operating model can ramp up or down IT infrastructure and digital technologies during volatile industry cycles. The model is underpinned by Accenture’s cloud services and ecosystem of partners that includes leading public cloud providers. Under the terms of the five-year agreement, Accenture and Hess […]

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Energy Shares Chart Path Lower as US Stocks Retreat

Energy Shares Chart Path Lower as US Stocks Retreat

Stocks in the US swung back into sell mode on Tuesday, with energy stocks leading declines among all 10 of the Standard & Poor’s 500 sectors as crude prices fell. Investors put pressure on equities once more ahead of next week’s pivotal Federal Open Market Committee meeting, which is preceded this week by key data on inflation, retail sales and manufacturing. The probability that interest rates will increase this month […]

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