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  • Coca-Cola Announces Reorganization. Coca-Cola ( KO) has announced a major reorganization of its Americas business.  The company will split its North American unit into two units as part of their strategy to return to a franchise model in the U.S. Additionally, Steve Cahillane head of
    Category: Pre-Market News|No comments
  • Facebook Added to S&P 500. Standard & Poor’s will be adding Facebook ( FB) to the S&P 500 Index at the close of trading on December 20.  It will also be added to the S&P 100. Facebook will replace test-equipment vendor Teradyne (TER) in the S&P 500 index and will r
    Category: Pre-Market News|No comments
  • Gun Sales Propel Smith & Wesson. Smith & Wesson's ( SWHC) reported FQ2 earnings of $0.28 beating estimates by a wide margin.  The company also issued higher-than-expected FQ3 guidance. Revenue for the weapons manufacture rose 2% to $139.3M, while income from continuing operati
    Category: Pre-Market News|No comments
  • Government Motors is No Longer. The U.S. government has sold its remaining 31.1M shares in General Motors ( GM) for $9.2B. Because of the government ownership some had called the company Government Motors. The sale ends restrictions on executive pay and would allow the payment of dividends
    Category: Pre-Market News|No comments
  • Blain and Gate Capital Look to Buy Compuware. Private equity firms Bain Capital and Golden Gate Capital are reportedly in talks to acquire software provider Compuware ( CPWR). The firms have already agreed to acquire BMC Software (BMC) in May.   Upgrades: Kraft Foods (KR
    Category: Pre-Market News|No comments
  • JCPenney Received Inquiry From Regulators. Troubled retailer J.C. Penney ( JCP) has received a letter of inquiry from the SEC according to reports. The request is for information about the company’s "liquidity, cash position, and debt and equity financing." Regulators are also re
    Category: Pre-Market News|No comments
  • China Bans Banks from Bitcoin. Report says that The People's Bank of China has banned banks from trading in Bitcoin. In a statement officials said that the virtual currency doesn't have "real meaning," and no legal status as a formal currency. While the ban affects banks, Chinese
    Category: Pre-Market News|No comments
  • AstraZeneca  Eyes Bid on Forest Labs. Reports say that AstraZeneca ( AZN) has met with Forest Labs (FRX) top executives concerning a takeover bid for the company. Forest Labs has a market cap of $15.2B and on Monday announced a restructuring on Monday. Upgrades: Electr
    Category: Pre-Market News|No comments
  • U.S. Stocks Set to Open Lower. U.S. stock futures are currently lower as traders increase their concern that the Federal Reserve may end their stimulus program earlier than expected.  If the market closes lower today it would be the third straight day the market has posted losses. Wall
    Category: Pre-Market News|1 views|No comments
  • Xbox One Enjoys Strong Sales. The release of Microsoft’s highly anticipated Xbox One on Friday enjoyed strong sales. Microsoft sold over 1 million Xbox One gaming systems within the first 24 hours. A week ago Sony (SNE) released their new PS4 gaming system to similar fanfare. Analysts esti
    Category: Pre-Market News|1 views|No comments
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