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$GGP said that from the asset sales transactions done during 2Q16 and subsequent to end of the quarter, it received net proceeds of approx. $1Bil. The company will use approx. $300MM of the proceeds to pay down mortgage debt and $90MM for paying down its debt outstanding. $GGP plans to retain the remaining proceeds of approx. $600MM.
Your favorite snack maker $MDLZ is selling its Vegemite brand to Bega Cheese. Don’t worry though, Oreo will stay, in fact the move was made to focus on Oreo and Cadbury. On a side note, tell your mate in Australia because Bega Cheese is a worth buy there now.
We all know oil is the buzzword in recent times. But if you did not know $RRC has as much as 40% upside in this year, do take a look. Don’t let the recent news about increased US oil production scare you, the rally isn't over!
Even the $ORCL Oracle Corporation that changed the face of database management still carries the legacy of racial discrimination. Not sure if this is the right place to say, but racial profiling accusations are growing dramatically in big companies!
Wham! $NFLX did not disappoint me! Stronger than expected results and an upbeat outlook and most importantly, the share price is up around 8% pre-market. What a time to be alive!
Well that’s interesting! $T’s CEO Stephenson says he has no plans to sell CNN, but in reality they might just I guess, to win Trump’s favor.