Merck & Co., Inc. (NYSE:MRK) announced that it struck a definite agreement to buyIdenix Pharmaceuticals Inc (NASDAQ:IDIX), a bio-pharmaceutical company, for $3.85 billion. The acquisition is expected to help Merck widen its portfolio on Hepatitis C. Merck & Co., Inc. (NYSE:MRK) net profit margin is 14.00% and weekly performance is 1.00%. On last trading day company shares ended up $58.49. Analysts mean target price for the company is $59.22. Merck & Co., Inc. (NYSE:MRK) distance from 50-day simple moving average (SMA50) is 2.98%.
On 9 JUNE Intel Corporation (NASDAQ:INTC) said it has partnered with Samsung Electronics Co., Ltd. to develop budget-1080p monitors; it plans to unveil PLS monitors of 23.6 inches, priced at $399. INTC has plans to collaborate with Samsung to manufacture all-in-one desktops at 4K prices. Intel Corporation (NASDAQ:INTC) shares advanced 1.18% in last trading session and ended the day on $28.24. INTC Gross Margin is 60.60% and its return on assets is 10.50%. Intel Corporation (NASDAQ:INTC) quarterly performance is 15.17%.
On 9 JUNE JPMorgan Chase & Co. (NYSE:JPM) said it has named Kaustubh Kulkarni as its head of India investment banking to replaceRohit Chatterji, who will become head of the bank’s emerging Asia mergers and acquisitions business. JPMorgan Chase & Co. (NYSE:JPM) shares moved up 0.84% in last trading session and was closed at $57.90, while trading in range of $57.39 – $57.94. JPMorgan Chase & Co. (NYSE:JPM) year to date (YTD) performance is 0.28%.
On 3 JUNE Visa Inc (NYSE:V) announced a new designation for consumer reloadable prepaid products in the US, aimed at simplifying fees, improving consumer protections and creating opportunities for cardholders to improve their financial health. The designation was developed in conjunction with industry thought leaders the Center for Financial Services Innovation (CFSI) and The Pew Charitable Trusts. Visa Inc (NYSE:V) ended the last trading day at $214.25. Company weekly volatility is calculated as 0.95% and price to cash ratio as 30.48. Visa Inc (NYSE:V) showed a positive weekly performance of 1.39%.
Chevron Corporation (NYSE:CVX) reported $2.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.51 by $0.15. The company had revenue of $53.27 billion for the quarter, compared to the consensus estimate of $54.47 billion. During the same quarter in the prior year, the company posted $3.18 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts expect that Chevron will post $10.73 EPS for the current fiscal year. Chevron Corporation (NYSE:CVX) net profit margin is 9.10% and weekly performance is 2.28%. On last trading day company shares ended up $125.34. Analysts mean target price for the company is $131.40. Chevron Corporation (NYSE:CVX) distance from 50-day simple moving average (SMA50) is 2.78%.
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