4/6/2010-Peabody Energy (NYSE:BTU), the largest US coal company, boosted its offer for Macarthur Coal Ltd., as it battles Noble Group for Australian coal assets to supply China’s rapidly growing economy. Peabody’s CEO Gregory Boyce today raised its bid to A$14 per share after Macarthur rejected last week’s A$13 offer as undervaluing the company’s stock. The all-cash offer values the company at $3.27 billion USD.
Adobe’s Sales Exceed Estimates as Japanese Demand Bounces Back After Quake
Adobe Systems Inc. (ADBE) , the largest maker of graphic-design software, reported second-quarter sales that exceeded analysts’ estimates, rebounding from a disruption in demand caused by the March earthquake in Japan.
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L&T stock in demand, rises over 4 pc on bourses in early trade
Mumbai, May 20 (PTI) Continuing its rally on the bourses, shares of Larsen and Toubro (L&T) jumped by over 4 per cent in morning trade today, buoyed by the company”s above-market expectation results for the quarter ended March 31, 2011.The scrip of the infrastructure major rose by 4.63 per cent to touch a high of Rs 1,668.90 on the Bombay Stock Exchange. In the previous trading session, the …
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IPad Demand May Spur `Panel King’ TPK Shares to Double After Trading Debut
TPK Holding Co. ’s stock may double within 12 months after trading begins on the Taiwan Stock Exchange today, driven by rising demand for Apple Inc. ’s iPad and iPhone, according to analyst estimates.
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One month after launch, iPhone 4 still in high demand in China
It has been a month since U.S.-based Apple Company launched its iPhone 4 series in the Chinese mainland market, yet demand shows no sign of abating. The smart phone’s popularity has even given rise to scalpers (grey marketers) looking to make a quick profit.
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