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Campbell Soup Lowers Full-Year Sales Forecast and Intermolecular Inc. Enters Licensing Deal with SanDisk Corp. and Toshiba

Campbell Soup Company (NYSE: CPB) has cut its full-year sales forecast. The company expects sales from continuing operations to increase about 3 percent compared with its previous forecast of a 4-5 percent rise. Campbell also expects full-year adjusted earnings to be at the low end of its forecast of $2.53-$2.58 per share, while analysts on average expected a profit of $2.53 per share. For the third quarter ended April 27th, the company's U.S. soup sales were flat compared with the same quarter last year when sales rose 14 percent. Total sales rose 0.4 percent to $1.97 billion, but this

J.C. Penney Company Soars on Strong First Quarter Results and Vodafone Group Reports Higher Full Year Profit

J. C. Penney Company, Inc. (NYSE: JCP) announced first quarter results. The company reported that sales grew 6.3% to $2.8 billion for the quarter ended May 3, up from $2.6 billion last year. The company posted $352 million in net loss. This beat analyst estimates. Penney lost $1.15 per share, also better than the $1.26 analysts expected. Sales at stores open at least a year grew 6.2%, a significant leap from last year's same-store sales loss of 16.6% in the first quarter of 2013. "It is clear that our efforts to re-merchandise many areas of the store and revamp our messaging to the customer

AT&T Inc. to Purchase DirecTV for $67.1 Billion Including Debt and InterMune Inc.'s Lung Disease Drug Pirfenidone Submitted for Approval

AT&T, Inc. (NYSE: T) will purchase DirecTV for $67.1 billion, including debt. The company will pay $95 per DirecTV share, in a combination of cash and stock. This valuels the company's total equity at $48.5 billion. With the deal AT&T would become the second largest pay-TV company, and would gain leverage in negotiations with content producers. AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. Its Wireless segment offers various wireless voice, data, text, and other services, including local wireless communications

Kraft Foods Group Recalls Select Cottage Cheese Products and AT&T to Acquire DirecTV for $48.5 Billion

Kraft Foods Group, Inc. (NASDAQ: KRFT) is voluntarily recalling select Breakstone's Cottage Cheese, Knudsen Cottage Cheese, Simply Kraft Cottage Cheese, and Daily Chef Cottage Cheese products, as some ingredients used in these products were not stored in accordance with Kraft's temperature standards. The affected products all have code dates from May 9 through July 23. Kraft is issuing the recall as a precaution. Kraft Foods Group, Inc. operates as a consumer packaged food and beverage company in North America and worldwide. It operates through Beverages, Cheese, Refrigerated Meals,

Facebook Developing Slingshot against Rival Snapchat and Pfizer Rejected again by AstraZeneca

Facebook, Inc. (NASDAQ: FB) is developing an app similar to Snapchat called Slingshot, according to the Financial Times. The Financial Times says Slingshot will let users send short video messages with just a couple of taps on the screen. Last year Facebook failed to acquire SnapChat and had a $3B offer turned down. In an effort to have its own "ephemeral messaging" app, Facebook is developing Slingshot.  CEO Mark Zuckerberg is reportedly supervising the development and it could be released later this month. Facebook, Inc. operates as a social networking company worldwide. It provides a

Zynga Reiterated as a "sell" by TheStreet and Applied Materials Reports Strong Revenue in 2nd Quarter

Zynga, Inc. (NASDAQ: ZNGA) has been reiterated as a "sell" rating by TheStreet Ratings team with a ratings score of D+. The company recently announced that Hit It Rich! slots is now available worldwide on Google Play, giving consumers more options for how, when and where they play their favorite slots game. Hit It Rich! is one of the most popular Casino game on Apple's App Store and has the world's largest portfolio of branded social slots games. Zynga Inc. develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile

General Motors Agrees to Pay $35M Fine Over Faulty Ignition Switch Recall Delays and ZBB Energy Corp. Soars on 3rd Quarter Earnings

General Motors Company (NYSE: GM) has to pay a $35 million fine and agree to "unprecedented oversight requirements" as part of a deal with the U.S. Department of Transportation over its recent recalls. "We have learned a great deal from this recall. Wewill now focus on the goal of becoming an industry leader in safety," GM CEO Mary Barra said in a statement. "We will emerge from this situation a stronger company." The deal with the National Highway Traffic Safety Administration covers the company's "failure to report a safety defect ... in a timely manner." General Motors Company (GM)

Nordstrom and Kingold Jewelry Shares Soar Higher after First Quarter Results

Nordstrom Inc. (NYSE: JWN) has reported a strong first quarter announcing that it has earned 72 cents per share on revenue of $2.93 billion for the period. This exceeded the 68 cents and $2.86 billion that analysts polled by FactSet were anticipating. The company said that it benefited from improved sales and it stood by its full-year forecast. Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It operates in two segments, Retail and Credit. The Retail segment offers a selection of brand name

Rackspace Hosting Hires Morgan Stanley to Seek Strategic Options and World Wrestling Entertainment Plunges on NBCUniversal Deal

Rackspace Hosting, Inc. (NYSE: RAX) climbed the most in 5 1/2 years, after it was revealed that the company has hired Morgan Stanley to seek strategic options that could include teaming up with bigger technology companies. The result could be a partnership or acquisition, though there is no timetable, Rackspace said in a statement. “Our board decided to hire Morgan Stanley to evaluate the inbound strategic proposals, and to explore any other alternatives which could advance Rackspace’s long-term strategy,” the company said in the statement. Rackspace Hosting, Inc., through its

Warren Buffett's Berkshire Hathaway is Betting on Verizon and Chesapeake Energy Will Spin Off Oilfield Services Unit

Verizon Communications Inc. (NYSE: VZ) has had several major investors picked up stakes in the company. Reports revealed that Warren Buffett's Berkshire Hathaway had 11 million shares valued at approximately $524 million as of the end of March. John Paulson's new Verizon stake was worth $415.9 million at the end of the quarter, while Daniel Loeb's stake was worth $166 million, according to The Wall Street Journal. Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental

Synthetic Biologics Reports Expected Q1 Results and Kohl's Corporation Reports Disappointing Earnings

Synthetic Biologics Inc. (NYSE: SYN) reported its first-quarter results revealing a loss of $3.84 million, or 7 cents a share. This was in line with the Capital IQ Consensus Estimate of a loss of 7 cents a share. The company did not report any revenue but plans to start a 28-day bridging toxicology study in June for its SYN-004 oral enzyme for the prevention of C. difficile infections. Synthetic Biologics also expects to start Phase Ia and Ib clinical trials in the second half of 2014, with preliminary topline data expected by the end of the year. The company further plans to begin a Phase

Cisco Systems Reports Solid Fiscal Third Quarter and Tesla CEO Elon Musk Says There is a Need for Gigafactories

Cisco Systems, Inc. (NASDAQ: CSCO) released their fiscal third-quarter report that beat  analyst targets on both the top and bottom lines. The company also gave a promising outlook for the fourth quarter. For Q1, Cisco expects sales to decline something like 2% year over year. Analysts had currently projected a 4% revenue drop. Cisco's adjusted earnings guidance came out to about $0.52 per share, which also was ahead of the consensus analyst target. Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information

Zendesk Soars in its IPO Debut and Gentiva Health Services Rejects Bid from Kindred Healthcare

Zendesk, Inc. (NYSE: ZEN) soared more than 44% in its IPO offering. The cloud based customer service company with rivals like Oracle (ORCL) and Salesforce.com (CRM), described its software in a public filin as "beautifully simple" and cheaper than many of its rivals. Zendesk's stock debuted at 9 a share which garnered the company nearly $100 million, which it intends to put back into the business. Zendesk, Inc., a software development company, provides software-as-a-service customer service platform for organizations. The company’s platform provides a single customer service interface to

Warren Buffet Increases Stake in Wal-Mart and J.C. Penney Q1 Earnings Beat Analysts' Expectations

Wal-Mart Stores Inc. (NYSE: WMT) has gained the confidence of Warren Buffet who has  added to Berkshire Hathaway's bet on Wal-Mart, increasing its stake in the retailer by 17 percent to 58.05 million shares during the first quarter. With a total value of $4.46 billion, the Wal-Mart stake is most likely being controlled by Buffett himself.The company recently reported slower sales growth and forecast disappointing earnings citing bad winter weather. Wal-Mart Stores Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart

Netflix Shares fall on FCC's net neutrality proposal and Priceline Group is One of Frank Sands Holdings

The Priceline Group Inc. (NASDAQ: PCLN) has been revealed to be the  fifth largest holding of Frank Sands of Sands Capital Management. He maintains 1,508,687 shares of the company's stock. This position makes up for 4.7% of his total portfolio and 2.93% of the company's shares outstanding. Frank Sands of Sands Capital Management reported his first quarter holdings  that highlight five new buys. He has a total of 44 stocks valued at $38.4 billion. The Sands Capital Management team is dedicated to identifying the relatively small number of truly exceptional growth businesses that they expect

Pernix Therapeutics to Acquire U.S Rights to Treximet and Summer Infant Beats on Revenues and Gets Upgrade from Roth Capital

Pernix Therapeutics Holdings, Inc. (NASDAQ: PTX) shares hit a one year high after the company announced it would acquire the U.S rights to Treximet in an agreement with GlaxoSmithKline. Treximet is used for the acute treatment of migraine attacks with or without aura in adults. The company expects the acquisition to close no later than Aug. 1st. Pernix also revealed that it anticipates pro forma total revenue for the full year 2015 to exceed $230 million and sees EBTIDA margin greater than 40%. Pernix Therapeutics Holdings, Inc., a specialty pharmaceutical company, develops, manufactures,

Pfizer CEO Says Job Losses Inevitable with Potential Astrazeneca Merger and AT&T may Buy DirecTV for close to $50B

Pfizer Inc. (NYSE: PFE) CEO Ian Read has acknowledged that in part of a $106 billion take over bid of AstraZeneca, the potential merger would lead to job losses. Read has promised however to keep key research jobs in Britain. No specifics were given on where the cuts may take place. He told skeptical lawmakers that the company would still keep 20% of its global research and development workforce in the U.K. "There will be some job cuts somewhere, that's part of being more efficient," he said. "Whereabouts in the world I cannot say." Pfizer Inc., a biopharmaceutical company, discovers,

Citigroup Fires 11 More People After Banamex Investigation and Sony Acquires the Film Rights to Book on Edward Snowden

Citigroup Inc. (NYSE: C) revealed in an internal memo sent to employees on Wednesday, that the company has fired 11 more people after an ongoing internal investigation found bogus loans and lax controls at the company's Mexican unit Banamex. Four senior executives were let go of which two were business heads in Mexico. There could be more disciplinary action taken against other employees both inside and outside of Mexico as the investigation continues, according to the memo. Citigroup Inc., a diversified financial services holding company, provides various financial products and services

SodaStream's U.S. Sales Suffer in First Quarter and Yahoo Buys Blink

Yahoo! Inc. (NASDAQ: YHOO) has acquired Blink, a SnapChat rival with a "self-destructing" message app. Blink made the announcement on its blog. The company's staff said that Yahoo plans to shut down Blink's Google Android and Apple iOS mobile apps within a few weeks. Blink has an app that will self-destruct after a certain amount of time. The app allows users to send texts, sketches, record audio, make videos and take photos. Its main rival is Snapchat, which Facebook reportedly tried to acquire for $3 billion. Yahoo! Inc. operates as a technology company worldwide. The company offers

Deere & Company Reports Stronger than Expected Quarterly Profit and Sears Holdings May Sell its Canadian Operations

Deere & Company (NYSE: DE) reported a quarterly profit that was stronger than expected but then trimmed its outlook for full year sales of farm equipment. The company has cited deteriorating conditions in South America and the former Soviet Union.  Deer's green-and-yellow tractors and harvesters fell 12 percent during the second quarter ended on April 30, , but cost cuts, a lower-than-expected tax rate and improved margins in its construction equipment unit helped offset that weakness. Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and

Gulf Resources Reports Higher Earnings and Revenue in Q1 and Twitter to Launch a Mute Feature

Gulf Resources, Inc. (NASDAQ: GURE) reported higher earnings and revenue in its first quarter. China-based Gulf Resources reported net income of $4.3 million, or 11 cents a share. This came in more than double the $1.9 million, or 5 cents a share, in the year-ago quarter. Revenue also climbed 14% year over year to $25.6 million.   Gulf Resources, Inc., together with its subsidiaries, manufactures and trades in bromine and crude salt products in the People's Republic of China. It operates in three segments: Bromine, Crude Salt, and Chemical Products. The Bromine segment provides bromine

Credit Suisse CEO Brady Dougan Urged to Resign and Astrazeneca Announces MedImmune Results of phase IIB studies

Credit Suisse Group AG (NYSE: CS) CEO Brady Dougan is said to be under pressure from Swiss lawmakers to resign. According to Reuters, the bank has helped wealth Americans dodge taxes. This could cost Credit Suisse Group up to $1.6 billion to resolve.  Dougan is first in line to take the fall after the company landed in a complex U.S. Department of Justice investigation. Criminal charges could be pressed. Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth

ArcelorMittal in Discussions to Buy BHP Billiton Iron-ore Stake and General Motors is Now Worst Big Automaker to Deal With

ArcelorMittal (NYSE: MT) is in  "deep, deep discussions" with BHP Billiton Ltd.  to acquire the Australian mining company's stake in a major Guinean iron-ore deposit according to sources. The  Wall Street Journal reported that the potential deal could be worth as much as $500 million, and would bring an end to BHP's months long attempt to find a buyer for its 41.3% stake in Mount Nimba, a rich deposit located close the Liberian border. ArcelorMittal, Société Anonyme, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates in six

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