Comcast Corporation (NASDAQ:CMCSA) will again be working with its longtime antitrust counsel at Davis Polk & Wardwell, as the communications and entertainment group seeks to navigate the U.S. approval process to merge with rival Time Warner Cable Inc. Comcast has used the New York-based law firm repeatedly for antitrust matters, most notably its successful bid beginning in 2009 to buy a majority of NBC Universal from General Electric Co. A team of Davis Polk lawyers helped win U.S. Comcast Corporation (NASDAQ:CMCSA) stock opened at $53.01 in last session, and closed at $53.70, while the day range of CMCSA stock is $53.00-54.11. The stock showed a negative weekly performance of -1.72%.
Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. The company had revenue of $779.20 million for the quarter, compared to the consensus estimate of $743.87 million. Moody’s Corporation (NYSE:MCO) stock opened at $79.31, in last session and closed at $79.53, by gaining 0.10%. The 52 week range of $46.16 – $85.70. Company’s market capitalization is $17.11 billion.
Non-executive employees of Twitter Inc (NYSE:TWTR) will have their first opportunity to sell their shares of the micro-blogging company starting tomorrow. According to The Wall Street Journal, these first shares which are being unlocked are typically given to non-executive employees as “a way to settle income tax expenses from vesting shares.” This is the very first lockup expiration, and according to TechCrunch almost 9.9 million shares will unlock. Collectively, they’re currently worth about $565 million and amount to only 1.8% of the company’s outstanding shares. Twitter Inc (NYSE:TWTR) stock advanced 1.72% and finished the last session at $57.44. The EPS of the stock remained -1.39. Company’s market capitalization is $31.29 billion.
In buying Motorola from Google Inc (NASDAQ:GOOG), Lenovo will pay $1.4 billion in cash. The remainder of $1.5 billion will be paid as promissory note for the next three years. However, with this deal, Google will still enjoy the majority share in Motorola’s patent portfolio. Lenovo will only be entitled to the intellectual property license. Lenovo is more than pleased with this deal, since it allows the company to diversity from its core business of making personal computers. With this acquisition, Lenovo will now build its enterprise business, while shifting into the mobile business, which is one of the fastest growing globally. Google Inc (NASDAQ:GOOG) stock opened the session at $1,195.61, and closed the session at $1,202.80. The 52 week range of the GOOG stock remained $761.26-1,204.39 and the day range was $1,192.80 – $1,204.39.
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