Articles in Business

Zacks.com

Will Microsoft Acquire Minecraft Developer Mojang for $2B? - Analyst Blog

The Wall Street Journal reported that software developer Microsoft Corporation ( MSFT ) is set to buy Swedish company Mojang AB, developer of the popular game Minecraft for $2 billion. Per... Read >>

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Ford Recalls Focus in China on Fuel Leak Risk, Shares Down - Analyst Blog

Shares of Ford Motor Co. ( F ) dropped 0.8% on Sep 5 on the news of a recall in China, along with monthly sales figures from the nation, which were weak compared with the first 7 months of... Read >>

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Steel Dynamics Completes Sale of $1.2B of Senior Notes - Analyst Blog

Steel Dynamics, Inc. ( STLD ), one of the leading domestic steel producers in the U.S., announced that it has completed the sale of $700 million aggregate principal amount of its 5.125% Senior... Read >>

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Hibbett Sports Loses Momentum, Hits a New 52-Week Low - Analyst Blog

Shares of  Hibbett Sports Inc. ( HIBB ) have lost much of its momentum, and yesterday this Zacks Rank #5 (Strong Sell) stock hit a 52 week low of $42.61 before closing trade at $42.76. Though the... Read >>

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Home Depot (HD) Falls on Confirmation of Security Breach - Analyst Blog

Shares of the leading home improvement retailer, Home Depot Inc. ( HD ), fell nearly 2.1% after the company confirmed a breach of its payment data systems. The breach is likely to impact customers... Read >>

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Bemis (BMS) Agrees to Sell MACtac Business for $170 M - Analyst Blog

Bemis Company, Inc. ( BMS ) announced that it is selling its global Pressure Sensitive Materials (MACtac) business to a California based private equity firm, Platinum Equity, in order to raise... Read >>

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No Escape for U.S. Banks: New Regulations in the Cards - Analyst Blog

Adding to the already intense regulations in the banking sector, the Federal Reserve intends to impose new stricter norms on the U.S. banking giants. On Tuesday, Fed Governor Daniel K. Tarullo... Read >>

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Enterprise Products Hits 52-week High on Proposed Pipeline - Analyst Blog

Shares of Enterprise Products Partners L.P. ( EPD ) hit a 52 week high of $41.13 during Tuesday's trading session. The stock closed the session at $41.11, reflecting a solid return of 9.7% over... Read >>

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Diodes Incorporated (DIOD) Updates Third Quarter Guidance - Analyst Blog

Diodes Incorporated ( DIOD ) has provided an update on its third quarter of fiscal 2014 guidance. The company now expects revenues to come within the $230 million and $238 million range versus the... Read >>

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Apple's SmartWatch Launch Spells Doom for Watchmakers - Analyst Blog

Confirming earlier rumors, Apple Inc. ( AAPL ) finally unveiled its much anticipated "Watch" on Sep 9. However, the news did not bode well for watchmakers Movado Group ( MOV ) and Fossil... Read >>