German ZEW Survey results Expected On Tuesday
TestThe German ZEW survey is due on Tuesday 16th January and is so far the most awaited news of the first two days of this week’s trading. There is a lot of optimism in play as recent stats also show
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Google Inc. (Nasdaq:GOOG) reports Q4 average cost-per-click down 3% vs. last year; Enbridge Energy Partners, L.P. (NYSE:EEP), The Manitowoc Company, Inc. (NYSE:MTW)
By Leslie Bailey
Google Inc. (Nasdaq:GOOG) reports Q4 average cost-per-click down 3% vs. last year. Google said Q4 average cost-per-click decreased approximately 3% over last year and decreased approximately 3% over Q3. Cost-per-click for Google sites decreased approximately 8% over last year and decreased approximately 8% over Q3. Network cost-per-click increased approximately 6% over last year and increased approximately 10% over Q3. Google reports Q4 Sites revenue $12.43B vs. $10.54B last year. In Nasdaq, GOOG traded with a change of $0.66 and closed for the day at $510.66 with a volume of 4,174,924 shares. GOOG‘s revenue in last one year has been $67.91B, return on assets 8.44% and return on equities 14.18%.
Enbridge Energy Partners, L.P. (NYSE:EEP) raises distribution 2.7% to 57c per unit. Enbridge Energy Partners declared a quarterly cash distribution of 57c per unit, or $2.28 per unit on an annualized basis on all of its outstanding units, for the quarter ended December 31, 2014. The approved distribution represents an increase of 2.7% over the previous quarter's cash distribution. The distribution is payable on February 13 to unit holders of record at the close of business on February 6. EEP closed for the day at $38.84 with a change of $0.73. Trailing 12 month’s profit margin for EEP is 3.12% and for the same period, its operating margin is 9.48%.
The Manitowoc Company, Inc. (NYSE:MTW) to separate into two independent public companies. The Manitowoc Company announced that its Board of Directors has approved a plan to pursue a separation of the Company's Cranes and Foodservice businesses into two independent, publicly-traded companies. The Company currently anticipates effecting the separation through a tax-free spin-off of the Foodservice business and expects the spin-off to be completed in the first quarter of 2016, creating two separate, industry-leading companies with distinct enterprise strategies. MTW traded in the green and closed at $19.24 for the day. The stock saw a change of $0.17(0.89%) with a volume of 3,602,311 shares. MTW has a market cap of $2.61B.
Enbridge Energy Partners, L.P. (NYSE:EEP) raises distribution 2.7% to 57c per unit. Enbridge Energy Partners declared a quarterly cash distribution of 57c per unit, or $2.28 per unit on an annualized basis on all of its outstanding units, for the quarter ended December 31, 2014. The approved distribution represents an increase of 2.7% over the previous quarter's cash distribution. The distribution is payable on February 13 to unit holders of record at the close of business on February 6. EEP closed for the day at $38.84 with a change of $0.73. Trailing 12 month’s profit margin for EEP is 3.12% and for the same period, its operating margin is 9.48%.
The Manitowoc Company, Inc. (NYSE:MTW) to separate into two independent public companies. The Manitowoc Company announced that its Board of Directors has approved a plan to pursue a separation of the Company's Cranes and Foodservice businesses into two independent, publicly-traded companies. The Company currently anticipates effecting the separation through a tax-free spin-off of the Foodservice business and expects the spin-off to be completed in the first quarter of 2016, creating two separate, industry-leading companies with distinct enterprise strategies. MTW traded in the green and closed at $19.24 for the day. The stock saw a change of $0.17(0.89%) with a volume of 3,602,311 shares. MTW has a market cap of $2.61B.
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By Leslie Bailey
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