Spotted: ReneSola Ltd. (ADR) (NYSE:SOL), National Bank of Greece (ADR) (NYSE:NBG), Oracle Corporation (NYSE:ORCL), Frontier Communications Corp (NASDAQ:FTR)

Posted In Business, Technology - By David Francis On Wednesday, August 13th, 2014 With 0 Comments

Dallas, Texas 08/13/2014 (ustradevoice) – ReneSola Ltd. (ADR) (NYSE:SOL), Chinese producer of solar power products, reported improvement in its 2Q results. The company returned a net profit of $800,000, better than a loss of $21.1 million suffered in the like quarter last year. The latest earnings were also better than a loss of $14.6 million in 1Q2014. The company said the earnings improvement was supported by growth in revenue and improvement in profit margins. Cost-reduction efforts also paid off in the quarter. It registered 15% improvement in the shipment of solar modules. However, shares of ReneSola Ltd. (ADR) (NYSE:SOL) closed in the red yesterday, falling 8.45% to $2.60.

National Bank of Greece (ADR) (NYSE:NBG), which is unloading some of its assets to deal with the stress test, gained 2.62% to $3.13 during Tuesday’s session on the back of positive reports that the stock earned an upgrade. Analysts at Citigroup Inc (NYSE:C) raised their view on the stock of NBG to a “buy” up from a “hold.” Shares of National Bank of Greece (ADR) (NYSE:NBG) are down more than 44% this year.

Oracle Corporation (NYSE:ORCL), whose shares fell 0.05% to $39.90 on Tuesday, is testing a processor that CEO Larry Ellison stated would give crunch data at what can be described as “ungodly speeds.” The Sparc M7 processor enables in-memory processing and allows data fetching from the main memory instead of the disk, thereby reducing query time. The processor is expected to come to the market next year. The talks about the upcoming processor come at a time when ZDNet stated in an article that Oracle Corporation (NYSE:ORCL) was reported blocking Java installation in Russia, reports that the company has not yet commented.

Frontier Communications Corp (NASDAQ:FTR) announced reaching an agreement with the state of Connecticut in connection to its acquisition of AT&T Inc (NYSE:T)’s satellite TV and U-verse video operations. According to FTR’s SVP and GM for Connecticut operations, Paul Quick, the agreement with the state marks an important step for the company. Shares of FTR are up almost 40% this year.

About the Author

- David Francis earned a bachelor of arts degree in history from the New Orleans University and a master of arts degree in international relations from North Eastern University

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