Loral Space & Communications Ltd. (LORL) rejected an offer worth $7 billion to sell itself and its primary asset, Telesat Holdings Inc, according to Reuters. The offer from a Canadian consortium group failed to persuade Loral, which did not agree over a small price gap. Loral Space & Communications Ltd. (NASDAQ:LORL) weekly performance is -3.05%. On last trading day company shares ended up $71.79. Analysts mean target price for the company is $89.00. Loral Space & Communications Ltd. (NASDAQ:LORL) distance from 50-day simple moving average is -1.00%.
The Baidu Inc (ADR) (NASDAQ:BIDU) on June 5 announced the pricing of its public offering of US$1.0 billion aggregate principal amount of 2.750% notes due 2019. The notes have been registered under the U.S. Securities Act of 1933, as amended, and are expected to be listed on the Singapore Exchange Securities Trading Limited. The Company expects to receive net proceeds from the offering of approximately US$988.4 million. Baidu Inc (ADR) (NASDAQ:BIDU) shares advanced 2.06% in last trading session and ended the day on $181.19. BIDU Gross Margin is 62.80% and its return on assets is 16.80%. Baidu Inc (ADR) (NASDAQ:BIDU) quarterly performance is 16.11%.
Qihoo 360 Technology Co (NASDAQ:QIHU) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday. The firm currently has a $97.10 price objective on the stockQihoo 360 Technology Co Ltd (NYSE:QIHU) shares moved up 3.88% in last trading session and was closed at $91.52, while trading in range of $88.02-$93.74. Qihoo 360 Technology Co Ltd (NYSE:QIHU) year to date performance is 11.54%.
Honda Motor Co Ltd (ADR) (NYSE:HMC) and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp 7312.T, bringing the total recall so far to about 10.5 million vehicles over the past five years. Honda Motor Co Ltd (ADR) (NYSE:HMC) ended the last trading day at $34.87. Company weekly volatility is calculated as 0.94% and price to cash ratio as 5.53. Honda Motor Co Ltd (ADR) (NYSE:HMC) showed a positive weekly performance of 0.37%.
The Chief Executive Officer of Fiat SpA – Mr. Sergio Marchionne revealed in front of reporters that the company intends to sell holdings that are estimated at about 602 million euros (820 million dollars). According to Mr. Marchionne’s announcement, this move of the car manufacturer is provoked by its motivation to free up cash in order to become more focused on the expansion of its luxurious brands, Maserati and Alfa Romeo.Fiat S.p.A. (ADR) (OTCMKTS:FIATY) On last trading day company shares ended up $10.36.