Black and White Program

Posts from July 2012 Inc reports positive quarterly results

July 28th, 2012 by Black and White Program Staff | Report

San Francisco based Inc reported positive quarterly results on Thursday, indicating growth and profit margins. Second-quarter revenue for the world’s largest internet retailer was $12.83 billion, up 29 percent from a year earlier. Separating out their <strong>product revenue</strong>, (its traditional online retail business), revenue grew 25 percent to $10.79 billion while <strong>services revenue</strong>, (online […]


Mortgage rates continue downward trend

July 26th, 2012 by John Eastman | Report

Average 30-year fixed mortgage rates dropped last week, falling below 3.5%.  That level has not been seen since 60 years go. Freddie Mac reported that the average rate on the 30-year loan dropped to 3.49% from 3.53% last week. Rates on 15-year fixed mortgages  dipped to 2.80%. That’s below last week’s previous record of 2.83%. […]


Big Pharma acquisitions: Human Genome Sciences and GlaxoSmithKline

July 23rd, 2012 by Black and White Program Staff | Report

Human Genome Sciences has agreed to be acquired by GlaxoSmithKline, the British pharmaceutical firm, for $3.6 billion.  The deal involves cash and debt for U.S. based Human Genome Sciences.  Human Genome Sciences rejected an initial offer in April of 2012 as undervalued. The deal (increased approximately 10%) represents a premium of 99% to Human Genome’s […]


Recent IPO offerings: Wall Street testers?

July 19th, 2012 by John Eastman | Report

It’s been approximately 2 months since the initial public offering (IPO) of Facebook $FB.  Currently trading in the range of $29.00, (a steep fall from its $38.00 to $45.00 range at IPO), the $62 Billion Market Cap social media centric company dirtied the water for IPO’s, tech and otherwise. Viewed as excessive, overvalued, generally and […]


Visa, Mastercard settle class action case with retailers

July 17th, 2012 by Steven Barnes | Report

A host of banks and credit car providers, (13 all in total) the most prominent being Visa and MasterCard  have agreed to settle litigation filed against them and will pay a reported $7.25 billion to retailers who said the banks engaged in price-fixing on credit card transaction fees. The settlement is relevant to approximately 7 […]


Microsoft sells 50% stake in MSNBC.COM. New venture planned in fall of 2012.

July 15th, 2012 by Black and White Program Staff | Report

Microsoft Corp reported that it has sold its 50% stake in news website MSNBC.COM to Comcast Corp. , the parent company of NBC. The deal as reported byNYTIMES.COM was reportedly for $300 Million. The joint venture, which began 16 years ago between Microsoft and NBC Universal, is expected to take over a year to adequately […]


Oracle’s appetite for Social Media

July 13th, 2012 by Kyle Rankin | Report

When one thinks of the name Oracle Corp. an association with social media is not typically made. But of late, Oracle, the world’s 3rd largest enterprise software provider, has been on an acquisition binge of social marketing and media firms. Its latest deal is with San Francisco-based social marketing firm Involver, a 5 year old […]


Facebook’s first earnings call as a public company

July 12th, 2012 by Steven Barnes | Report

Thursday, is Facebook Inc.’s much anticipated first earnings report as a public company.  With an IPO that generated a bit of controversy – to say the least – the social media marketing firm’s earnings report will be under the watchful eye of millions, including those critical of the firm. Questions over its online advertising business […]


Bristol-Myers starts tender offer for Amylin

July 12th, 2012 by Black and White Program Staff | Report

On July 11, 2012 Bristol-Myers Squibb Company launched its tender offer to buy all outstanding shares of biotechnology company Amylin Pharmaceuticals Inc. Bristol-Myers said last month its offer, valid until August 7, 2012, would pay $31 per share for Amylin an estimated $5.3 billion. The total value of the transaction, which includes Amylin’s net debt […]