Nokia Corporation (ADR) (NYSE:NOK) XL Dual SIM is now listed on the company’s official store for Rs 11,489. Currently available only in green colour, the company promises to deliver the device in five working days. The XL is among the trio of Android-based devices – X+ and XL – from Nokia. The Nokia X hit store shelves last month while the X+ is expected to hit stores soon. Nokia Corporation (ADR) (NYSE:NOK) net profit margin is -2.49% and weekly performance is -0.55%. On last trading day company shares ended up $7.26. Analysts mean target price for the company is $8.07. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is -2.49%.
Ahead of its upcoming launches slated for this year, Tata Motors Limited (ADR) (NYSE:TTM) has started is likely to be roll out Zest compact sedan in India during first week of July and Bolt hatchback could witness a festive season launch. Tata Motors seems to leave no stone unturned to promote its new cars, the company rolled out a contest ‘Zest for Stardom’ in association with IIFA awards, which gave winner of the contest a chance to share space on stage with actor Ranveer Singh. Besides this, the company is also working meticulously towards revivifying its thick network of 200 dealerships spread in India before the launch of Zest and Bolt. The company will hire around 3,000 new personnel at their dealerships and will train them rigorously. Tata Motors Limited (ADR) (NYSE:TTM) shares advanced 0.13% in last trading session and ended the day on $39.61. Gross Margin is 37.90% and its return on assets is 6.40%. Tata Motors Limited (ADR) (NYSE:TTM) quarterly performance is 27.61%.
Microsoft Corporation (NASDAQ:MSFT) in late March 2014 launched its Office suite application for Apple Inc (NASDAQ:AAPL)’s iPad. The application includes Word, Excel and PowerPoint. The launch of Office for iPad is part of the software gorilla’s strategy to penetrate the mobile world with its office productivity applications. In the latest update about the progress of Office for iPad, Microsoft said the download of the application has hit 27 million, almost double the download figure that the company provided a month ago. Microsoft Corporation (NASDAQ:MSFT) shares moved down -1.59% in last trading session and was closed at $39.60, while trading in range of $39.51- $40.40. Microsoft Corporation (NASDAQ:MSFT) year to date (YTD) performance is 7.40%.
Abbott Laboratories (NYSE:ABT) announced a definitive agreement to acquire Latin American pharmaceutical company CFR Pharmaceuticals, more than doubling its Latin American branded generics pharmaceutical presence and further expanding Abbott’s presence in fast-growing markets. Under the terms of the agreement, Abbott will acquire the holding company that indirectly owns approximately 73 percent of CFR Pharmaceuticals and will conduct a public cash tender offer for all of the outstanding shares of CFR. Assuming all publicly-held shares are tendered, the total purchase price would be approximately $2.9 billion, plus the assumption of net debt of approximately $430 million. Abbott Laboratories (NYSE:ABT) ended the last trading day at $39.24. Company weekly volatility is calculated as 1.2% and price to cash ratio as 8.36. Abbott Laboratories (NYSE:ABT) showed a positive weekly performance of 1.32%.
TAL Education Group (ADR) (NYSE:XRS) a leading K-12 after-school tutoring services provider in China, today announced that it proposes to offer up to US$200 million in aggregate principal amount of convertible senior notes due 2019 (the “Notes”), subject to market conditions. The conversion rate and other terms of the Notes have not been finalized and will be determined at the time of pricing of the offering. The Company intends to grant to the initial purchasers a 30-day option to purchase up to an additional US$30 million principal amount of Notes. TAL Education Group (ADR) (NYSE:XRS) net profit margin is 19.30% and weekly performance is -10.25%. On last trading day company shares ended up $20.22. Analysts mean target price for the company is $29.76. TAL Education Group (ADR) (NYSE:XRS) distance from 50-day simple moving average (SMA50) is -12.09%.