Michael Allen

Michael Allen is a writer from New York, specializing in arts and entertainment articles and informational web content.

Time Warner Inc. (NYSE:TWX) Stock Feeling the Impact of Twenty-First Century Fox Inc. (NASDAQ:FOXA) Take-Over Bid Withdrawal

by Michael Allen - on Aug 7th 2014 - No Comments

Tomahawk, WI 08/07/2014 (Basicsmedia) – The effects of resisting Twenty-First Century Fox Inc. (NASDAQ:FOXA)’s $75 billion takeover bid have come to haunt Time Warner Inc. (NYSE:TWX) whose stock was a massive loser on Wednesday trading session, going down by 12.85%. Wedbush Securities analyst, James Dix in an interview on CNBC said...

Sarepta Therapeutics Inc. (NASDAQ:SRPT)’s Ebola Drug Could Offer Medical Benefits when administered in lower Doses

by Michael Allen - on Aug 6th 2014 - No Comments

Tomahawk, WI 08/06/2014 (Basicsmedia) – The Ebola epidemic has come with its fair share of challenges especially to West African states and at the same time has arisen the thinking that a more conclusive long-term countermeasure should be devised’. Two patients have already been flown to the U.S and are receiving treatment on...

American International Group Inc. (NYSE:AIG) Settles Bail Out Era with 12.5% Increase in Profit

by Michael Allen - on Aug 5th 2014 - No Comments

Tomahawk, WI 08/05/2014 (Basicsmedia) – American International Group Inc. (NYSE:AIG) reported better than expected results for the second quarter despite a backdrop of poor results across the entire sector. AIG reported a 12.5% increase in quarterly profit helped by impressive performance of its major businesses as well as the sale...

Bill Ackman Unleashes His Wave Of Comments On Herbalife Ltd. (NYSE:HLF)

by Michael Allen - on Jul 24th 2014 - No Comments

Tomahawk, WI 07/24/2014 (Basicsmedia) – In a presentation to investors, hedge fund manager and the founder and CEO of Pershing Square Capital Management LP, Bill Ackman, speaks on Herbalife Ltd. (NYSE:HLF) and how the company is guilty of fraud. Ackman has been going against Herbalife Ltd. (NYSE:HLF) since 2012 and has been arguing...

Geo-Political Tension to drive Gold, Oil and Palladium Prices even higher

by Michael Allen - on Jul 24th 2014 - No Comments

Tomahawk, WI 07/24/2014 (Basicsmedia) – Geo-Political tensions in Iraq, Russia, Ukraine and Syria continue to dictate market conditions according to MD&CIO Swiss Asia Capital, Juerg Kiener, greatly affecting the prices of oil gold and Palladium. According to Mr. Kiener in an interview on CNBC, the Geo-political tension as well as...

Facebook Inc (NASDAQ:FB), Nielsen Media Research, Inc. To Track Mobile-Viewing Stats

by Michael Allen - on Jul 15th 2014 - No Comments

Tomahawk, WI 07/15/2014 (Basicsmedia) – Facebook Inc (NASDAQ:FB)  will now move higher on the utility curve as a tracking-tool for the television ratings company Nielsen Media Research, Inc, in its latest survey to track what you watch on your mobile. The tracking is expected to start by fall of this year. As part of the tracking process,...

General Electric Company (NYSE:GE) Evolves As Investors’ Choice Soon After It Unveils The Cincinnati Plans

by Michael Allen - on Jul 3rd 2014 - No Comments

Tomahawk, WI 07/03/2014 (Basicsmedia) – General Electric Company (NYSE:GE)’s market share price has skyrocketed phenomenally, powered by big revelation in Cincinnati. After months of ordeal and haggling contiguouslyover a plethora of economic incentives across South West Ohio. GE’s Promises GE has placed its prime focus on creating...

United Continental Holdings, Inc. (NYSE:UAL) To Switch Its Plane United Airlines & JetBlue To Swop Their Plane

by Michael Allen - on Jul 2nd 2014 - No Comments

Tomahawk, WI 07/02/2014 (Basicsmedia) – A per Jared Shojaian and Hunter Keay of Wolfe Research United Continental Holdings, Inc. (NYSE:UAL) and JetBlue Airways Corporation (NASDAQ:JBLU) should swap their planes the conflict between the two leads to an overall loss. They added if United Continental decides to acquire JetBlue’s 60...

Something Is Not Good For Philip Morris International, Inc. (NYSE:PM) Philip No More The Best

by Michael Allen - on Jun 30th 2014 - No Comments

Tomahawk, WI 06/30/2014 (Basicsmedia) –  Philip Morris International, Inc. (NYSE:PM) was considered as the world’s best tobacco company a couple of days back, but now it has been deposed to the number two position. British American Tobacco PLC (AMEX:BTI) has now been crowned as the world’s top tobacco company. Philip till date occupied the top position due to its ownership of the famous Marlboro brand which American Tobacco lacks. On the contrary, American Tobaccos’ global brands like, Pall Mall, Dunhill, Lucky Strike and Kent have helped the firm to occupy the top position on the chart now.

One more reason for Philip to come down is, its Marlboro brand is available in a limited high price range. On the other hand American has divided its cigarette brands in different price tags which makes the availability of tobacco to almost everyone.

Philip Requests EU Tobacco Law Review

Philip Morris International, Inc. (NYSE:PM) has challenged the U.K. court to review the European Union tobacco law implemented on tobacco products. The business filed papers on Friday in England, requesting the judges to take the issue to the European Court of Justice to review it.

The directive, which was enforced the last month, stated that a symbolic and text health caution should be marked across 65% of its packets. Secondly menthol and other cigarette flavors should be completely banned. And thirdly, the tobacco companies should track and mark out their shipments to fight against any illegal deal.

Philip Morris International, Inc. (NYSE:PM) has requested the court to review the directive, whether it complies with EU treaties in three major fields. Starting with, whether prohibition of “truthful non misleading claims” on packets will hurt consumer’s right to information or not. Secondly, will the ban on menthol cigarettes will interrupt the internal market as it is currently legal in all 28 EU member countries. Lastly is whether the powers given to the European Commission fulfills the EU treaties or not.

General Electric Company (NYSE:GE) Through Its Biggest Acquisition GE Wins The Alstom Battle

by Michael Allen - on Jun 24th 2014 - No Comments

Tomahawk, WI 06/24/2014 (Basicsmedia) – General Electric Company (NYSE:GE) is now the official winner of the ALSTOM UNSP ADR (OTCMKTS:ALSMY) bidding recognizing its biggest acquisition ever. GE acquired Alstom Power & Grid for $17 billion marking the biggest acquisition in its history. GE won the acquisition battle of Alstom by...