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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Newsmaking Stocks: First South Bancorp Inc. (FSBK), The Boeing Company (BA), Starwood Hotels & Resorts Worldwide Inc. (HOT)
By Arthur Greene
First South Bancorp Inc. (Nasdaq:FSBK) completes purchase of nine branches from Bank of America. First South Bancorp (FSBK), the parent holding company of First South Bank has announced that the bank has completed its acquisition of nine branch banking operations in eastern and central North Carolina from Bank of America (BAC). The purchase was finalized and the branches were converted to First South Bank branches during the weekend of December 12-14 and opened for business as First South Bank branches Monday morning, December 15. FSBK closed for the day at 7.90 on Friday. FSBK ‘s trailing 12 month’s profit margin is 14.81% and for the same period, its operating margin is 25.22%.
The Boeing Company (NYSE:BA) announces order for five 737 MAX 7s from Jetlines. The Boeing Company (BA)and Jetlines announced an order for five 737 MAX 7s as the new Canadian ultra-low cost carrier builds its future fleet. The order, valued at $438M at current list prices, includes purchase rights for an additional 16 737 MAXs. With this order, the 737 MAX has orders for 2,562 airplanes from 55 customers worldwide. In NYSE, BA traded with a change of 0.77 and is currently trading at 121.54 on Monday. BA is trading with a volume of 1,514,460 shares. BA‘s revenue in last one year has been 90.08B, return on assets 4.46% and return on equities 43.98%.
Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) signs agreement with Hoteli Dubrovačka Rivijera to open Sheraton. Starwood Hotels & Resorts Worldwide (HOT )announced that it has signed an agreement with Hoteli Dubrovačka Rivijera d.d. to open a new Sheraton hotel in Dubrovnik, one of the most popular tourist destinations in the Mediterranean. Scheduled to open in the second quarter of 2015, Sheraton Dubrovnik Riviera Hotel will mark Starwood’s entry into Dubrovnik and the company’s fourth hotel in Croatia. HOT traded in the red on Monday and was lower by 1.41% from its previous close of 78.95.
The Boeing Company (NYSE:BA) announces order for five 737 MAX 7s from Jetlines. The Boeing Company (BA)and Jetlines announced an order for five 737 MAX 7s as the new Canadian ultra-low cost carrier builds its future fleet. The order, valued at $438M at current list prices, includes purchase rights for an additional 16 737 MAXs. With this order, the 737 MAX has orders for 2,562 airplanes from 55 customers worldwide. In NYSE, BA traded with a change of 0.77 and is currently trading at 121.54 on Monday. BA is trading with a volume of 1,514,460 shares. BA‘s revenue in last one year has been 90.08B, return on assets 4.46% and return on equities 43.98%.
Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) signs agreement with Hoteli Dubrovačka Rivijera to open Sheraton. Starwood Hotels & Resorts Worldwide (HOT )announced that it has signed an agreement with Hoteli Dubrovačka Rivijera d.d. to open a new Sheraton hotel in Dubrovnik, one of the most popular tourist destinations in the Mediterranean. Scheduled to open in the second quarter of 2015, Sheraton Dubrovnik Riviera Hotel will mark Starwood’s entry into Dubrovnik and the company’s fourth hotel in Croatia. HOT traded in the red on Monday and was lower by 1.41% from its previous close of 78.95.
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By Arthur Greene
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