Akorn, Inc. (NASDAQ:AKRX) shares moved up 4.92% in last trading session and ended the day at $26.03. AKRX Gross Margin is 50.20% and its has a return on assets of 2.60%. Akorn, Inc. (NASDAQ:AKRX) quarterly performance is -43.82%.
Akorn, Inc. (NASDAQ:AKRX) has announced that Duane A. Portwood, 49, will join Akorn as Executive Vice President and Chief Financial Officer, effective October 30, 2015. Mr. Portwood joins Akorn from The Home Depot, Inc., where he served as Vice President & Corporate Controller since 2006. In that role, he was responsible for all of Home Depot’s accounting and financial reporting functions, as well as its financial operations and internal controls.
Oracle Corporation (NYSE:ORCL) shares advanced 1.41% in last trading session and ended the day at $38.88. ORCL Gross Margin is 79.80% and its has a return on assets of 11.20%. Oracle Corporation (NYSE:ORCL) quarterly performance is -1.55%.
Oracle Corporation (NYSE:ORCL) is willing to pay more to acquire new talent that will help the company boost its competitive edge in cloud computing. The company even dismissed companies like International Business Machines Corp. (NYSE:IBM) and SAP SE (ADR) (NYSE:SAP) as its competitors in cloud technology. Speaking during the company’s 2015 Keynote in San Francisco, Executive Chairman Larry Ellison stated that they no longer focus on traditional competitors such as IBM. Oracle’s battle is now against firms that offer software through the internet.
Oracle believes that its main competitor is Amazon.com, Inc. (NASDAQ:AMZN) through Amazon Web Services. The latter has been the most competitive cloud computing service mostly because Amazon lets firms use its networking, computing power, and storage and charges by the hour. Oracle is looking for opportunities to close in on the competition.
On 28 October, LG Display Co., Ltd. (NYSE:LPL) shares fell -1.05% and was closed at $9.42. LPL EPS growth in last 5 year was -5.00%. LG Display Co., Ltd. (NYSE:LPL) year to date (YTD) performance is -37.82%.
South Korea’s LG Display Co., Ltd. (NYSE:LPL), the world’s biggest maker of liquid crystal display (LCD) panels, said third-quarter profit slid 30 percent, missing estimates, citing broadly weaker demand for consumer electronics devices. The firm reported on Thursday July-September operating profit was 333 billion won ($293 million), down from 474 billion won a year earlier and below a 358 billion won Thomson Reuters SmartEstimate derived from a poll of 26 analysts.Slackening growth in big markets like China, along with weaker emerging market currencies, has hurt consumer electronics makers’ sales, leading to reduced orders and squeezed profit margins for panel suppliers. LG Display has already warned it’s bracing for a tough 2016, and its shares have skidded 30 percent so far this year.
International Business Machines Corporation (NYSE:IBM) ended the last trading day at $140.83. Company weekly volatility is calculated as 2.48% and price to cash ratio as 14.42. International Business Machines Corporation (NYSE:IBM) showed a weekly performance of -0.06%.
International Business Machines Corporation (NYSE:IBM) is nearing a deal to acquire the digital and data assets of Weather Co., owner of the Weather Channel, according to people familiar with the situation. The deal, which would be valued at more than $2 billion, could be announced as early as Wednesday, one of the people said. The deal doesn’t include the traditional TV channel business but does include such digital businesses as the website and app, intellectual property, infrastructure and data, the people said.
Baxalta Incorporated (NYSE:BXLT) caters to the Healthcare space. It has a net profit margin of 38.40% and weekly performance is 13.36%. On the last day of trading company shares ended up at $35.97. Baxalta Incorporated (NYSE:BXLT) distance from 50-day simple moving average (SMA50) is 5.06%.
Baxalta Incorporated (NYSE:BXLT) said on Tuesday it plans to cut about 1,400 jobs worldwide, or about 5 percent of its non-manufacturing workforce, as part of a broad effort to reduce costs and boost profits. About two-thirds of the job cuts are planned for outside the United States, with the lay-offs to be completed by the end of the year, Chief Executive Bob Parkinson said on the company’s third-quarter earnings call.
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