Houston-based Energy XXI announced Wednesday it is acquiring crosstown counterpart EPL Oil & Gas Inc. for $2.3 billion, creating the largest publicly traded independent oil and gas producer on the Gulf of Mexico shelf.
Let's start with the obvious disclosure: I love Twitter. As I've written numerous times, it has become my primary news feed and I use it for disclosure and conversation. But as the company appears to struggle with user engagement, especially with its stock in the nosebleed section of valuation, several things are clear. I believe the company needs to do a better job marketing to users who don't realize they never need to tweet. But there's something else for those who do want to tweet: Outside of merely posting a simple tweet, Twitter is not user-friendly. I started thinking about this after watching CNBC's Carl Quintanilla's interview Tuesday with Twitter co-founder Biz Stone. Stone, who doesn't work at Twitter any longer, said he believes there is 'plenty of room' for improvement. (Easy for him to say!)
Rite-Aid (RAD) is climbing higher on Tuesday after receiving an upgrade from Goldman Sachs. Goldman upgraded the drugstore chain to "buy" from "neutral" and upped its price target to $8 from $5.
Activists seem to be lurking everywhere -- and boards are listening to them.
While General Motors is a good company with a solid dividend, it's not the time to buy shares amid its criminal investigation.
Shares of Express (EXPR) are tumbling Wednesday following fourth-quarter results that missed analysts' estimates and a poor guidance.
Insiders at the companies have been scooping up shares of their own stocks lately.
Investors can still get this stock at just 13 times fiscal 2015 estimates. This makes Qualcomm the best bargain on the market today -- even after the recent 15% gains.
Don't get caught in this perpetual investor trap.
Goldman Sachs upgraded Infinera (INFN) to "buy" from "neutral" on Wednesday and set an $11.50 target price. The firm also increased its estimates on the company, which manufactures high capacity optical transmission equipment. Goldman's upgrade reflects benefits from the 100G optical upgrade cycle and margin expansion.
Should investors who bet on Washington inaction be bailed out on their bad Fannie Mae and Freddie Mac bets?
Small cheap technology portfolio strong in first year
Mimicking Apple product unveilings, legendary singer, songwriter and innovator Neil Young put on multimedia show in Austin, Texas, on Tuesday for his new end-to-end high-quality music download service.
Plug Power (PLUG) recovered some of its losses from Tuesday afternoon as it rose on Wednesday. The company plans to report earnings before the market opens on Thursday. Plug Power had soared to an one-year high of $11.72 on Tuesday, but a bearish report from Citron Research sent the stock, along with peer companies Ballard Power Systems (BLDP) and FuelCell Energy (FCEL), into free fall on Tuesday afternoon. In the report, Citron stated Plug Power would be fairly valued at 50 cents. The firm estimates the company has lost close to $850 million since the 2000 crash and has yet to develop intellectual property or "meaningful revenue growth." Analysts surveyed by Thomson Reuters expect Plug Power to report a net loss of 8 cents a share in its fourth-quarter report and 48 cents a share for the full fiscal year 2013.
Yahoo! CEO Marissa Mayer has finally made the push into local search by partnering with Yelp. Following a month of rumors, Yahoo! announced its deal with Yelp, bringing Yelp's reviews, business information and star ratings to Yahoo! Search.
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