Roche Raises Illumina (ILMN) Cash Bid To More Than USB 6.5 Billion

New York, March 31 (FinanceEnquiry.com) – Roche Holding AG (ROG), which raised a bid on March 29, after a resistance from  Illumina Inc (NASDAQ : ILMN), is presently in talks with hedge funds that purchased Illumina stock following the acquisition attempt. On Thursday, Roche Holding AG...

‘Hunger Games’ Stays No 1 at Box Office

New York, March 31 (FinanceEnquiry.com) – ‘The Hunger Games’ has topped the chart at box office by defeating ‘Wrath of Titans’ and family friendly flick ‘Mirror Mirror’. On the second weekend, ‘Hunger Games’ is expected to earn between $20 million to $23...

US Stocks Close Mixed at the End of First Quarter

New York, March 31 (FinanceEnquiry.com) – On Friday, as the first quarter ended, the US stocks closed mixed on economic data amid investors weighing the latest development in eurozone and conflicting US economic data. The Standard & Poor’s 500 rose 5.19 points to 1,408.47. The Dow Jones...

In Last Auction Before IPO, Facebook valued at USD102.8 Billion

New York, March 31 (FinanceEnquiry.com) – The  social networking site, Facebook, has been valued at $102.8 bln in last stock auction before its IPO that is coming up in May. This would the last time, the company would be trading on the secondary market. In today’s Facebook stock auction,...

Goldman Sachs Upgrades Rating On Wyndham Worldwide (WYN) from NEUTRAL to BUY, Target Price Raised

New York, March 31 (FinanceEnquiry.com) – Goldman Sachs upgrades its rating on the shares of Wyndham Worldwide (NYSE: WYN) from NEUTRAL to BUY. The 12-month target price has been raised from $45.50 to $55.00. In a research note published yesterday, Goldman Sachs mentions that evidence of potential...

Dahlman Rose Upgrades Rating on Lufkin Industries (LUFK) to BUY

New York, March 31 (FinanceEnquiry.com) – Dahlman Rose upgrades its rating on the shares of Lufkin Industries (NASDAQ: LUFK) to BUY. The 12-month target price is set to $96. In a research note published yesterday, Dahlman Rose mentions that there is a potential for upside in EPS on the back of...

Q4 Current Account Surplus Data Revised by China

New York, March 31 (FinanceEnquiry.com) – On Saturday, China’s foreign exchange regulator hiked its 2011 fourth-quarter current account surplus to 60.5 billion US dollars from the preliminary figure that was 59.8 billion US dollars. According to The State Administration of Foreign Exchange (SAFE)...

Deutsche Bank Reports On Global Growth Outlook

New York, March 31 (FinanceEnquiry.com) – Analysts at Deutsche Bank mention that they do not have compelling triggers for a significant upgrade to their global growth outlook. Moreover, positive US growth outlook has become the consensus and downside risk to euro growth from strict credit conditions is...

Man Accused of Stealing Movie Posters Worth USD450,000

New York, March 31 (FinanceEnquiry.com) –  A San Fernando Valley man, Christian Eric Stevens, has been charged by  Los Angeles County prosecutors for stealing more than  3,000 movie posters worth more than $450,000. These include the posters of ‘The Hunger Games’ as...

Deutsche Bank Changes Rating On The Stoxx 600 From POSITIVE To NEUTRAL

London, March 31 (FinanceEnquiry.com) – Analysts at Deutsche Bank change the ratings on the Stoxx 600 from Positive to Neutral. However, remain optimistic on the outlook for equities on a longer term span. In a research note published yesterday, the analysts project a Stoxx 600 level for the end of...

Deutsche Bank Reports On European Fixed Income Weekly

London, March 31 (FinanceEnquiry.com) – Analysts at Deutsche Bank mention that recent data releases in the US came in below the expectations compared to Europe, which contradicts the short USD 5Y5Y against the EUR 5Y5Y trade. The Fed’s compromising stance is expected to stay through the rates on...

Wall Street Closes with Best First Quarter Since 1998

New York, March 31 (FinanceEnquiry.com) – Wall Street witnessed the best closing of the quarter on Friday  since 1998. The boost in the outcome resulted from the increasing consumer spending. Standard’s & Poor’s 500(S&P) index hiked 5.19 points and closed at 1,408.47. And...