November 12, 1994 |
Chiron Corp.'s share price soared as much as 32% Friday after the Emeryville-based biotechnology company said it was discussing a possible deal for another company to acquire a "substantial" minority stake in Chiron. The stock peaked at $79 in Nasdaq trading before closing at $71.50--up $11.75, or nearly 20%--on speculation that the talks might lead to Chiron being taken over by Ciba-Geigy, a Swiss pharmaceutical and chemicals firm.
CALIFORNIA | LOCAL
January 9, 2001 |
GenesisIntermedia.com finished 2000 as the top gainer among publicly traded San Fernando Valley businesses, with its stock surging 195% on the year, to close Dec. 29 at $17.13. The company generates most of its revenue selling consumer goods--including health and fitness products and self-help materials--via infomercials and direct telemarketing campaigns, said Robert Bleckman, director of investor relations for the company.
May 19, 1999 |
J.C. Penney Co. said Tuesday that it intends to spin off 20% of its booming Eckerd Drugstore chain and sell off the credit card business of its sagging namesake department store in an attempt to appease investors at a time of less-than-stellar performance. Investors embraced the news, sending Penney's stock up $4.44 to close at $50.13 on the New York Stock Exchange. But some analysts continued to question the company's ability to resuscitate the ailing JCPenney stores.
August 25, 2004 |
Equity investors all but ignored another substantial retreat in oil prices Tuesday, leaving stocks mixed in a listless and lightly traded session. Tech stocks fell in response to a brokerage downgrade of Cisco Systems, while blue chips got a boost from an upgrade of Caterpillar. Although oil dipped briefly below $45 a barrel during the session, two days of falling prices were insufficient to lure cautious investors back into the market.
October 17, 2012 |
After falling for weeks, Apple Inc.'s stock got a much-needed boost Tuesday on news that the company will announce a new product, probably the iPad mini, next week. That seemed to placate Wall Street - at least for now. But lingering worries about supply problems and labor unrest at factories in China were not completely erased. Apple shares still have a long way to go before they can fully make up for the 10% drop since the launch of the iPhone 5 on Sept. 21. Although the company didn't say what it would announce in San Jose on Tuesday, it's widely expected to be the iPad mini, a smaller version of its popular iPad tablet computer.
September 12, 2013 |
The Walt Disney Co. will repurchase up to $8 billion in stock next year, giving a major boost to investor returns, the company's chief financial officer Jay Rasulo said Thursday. In remarks at the Bank of America Merrill Lynch 2013 Media, Communications & Entertainment Conference in Beverly Hills, Rasulo cited confidence in the return on Disney's investments, the overall company, and its stock price, which has increased 25% to $65.49 a share...
October 24, 2013 |
SAN FRANCISCO - Twitter has set the price range of its hotly anticipated initial public offering between $17 and $20 a share, with hopes of raising as much as $1.4 billion. At $20 a share, Twitter would be valued at about $11 billion. That valuation is lower than the $15 billion that some analysts had expected. In addition to the pricing range disclosed in a filing with the Securities and Exchange Commission on Thursday, Twitter is accelerating its timetable and is now aiming to price its offering on Nov. 6 and begin trading the following day, a person familiar with the timing said.
November 15, 1999
A look at initial public stock offerings planned by California companies. For more information on upcoming deals, contact the companies or the underwriters. Note: Most of the companies and underwriters have Web sites you can visit. (BEGIN TEXT OF INFOBOX / INFOGRAPHIC) Tracking the Deals: Upcoming California IPOs Company: Plastic kSurgery Ticket Symbol: PSU City: Santa Barbara Industry: Cosmetic surgery Size, in millions: $20 Est. share price: $8 - 9 Underwriter: Cruttenden Roth Est.
October 9, 2012 |
DreamWorks Animation Chief Executive Jeffrey Katzenberg has strengthened his voting clout on the company's board of directors. David Geffen, co-founder of DreamWorks Animation, converted 3 million of his Class B shares to Class A shares, which don't carry as many votes and are sold on the open market, according to a regulatory filing. Following the conversion on Oct. 2, Geffen entities ceased to own any shares of Class B common stock in DreamWorks Animation, the Glendale-based producer of the "Shrek" and "Madagascar" computer animated movies.