News Brief

McDonald’s Breakup With Heinz

McDonald’s has decided to sever its forty-year relationship with Heinz Ketchup following former Burger King’s top honcho, Bernard Hees, moved to Heinz as its chief executive officer.

Twitter Flies High – Up To $1.4bn Via Its Share Sale

According to Press reports, Twitter has unveiled the price range for its share when the company lists on the stock exchange. The company reportedly said it planned to sell 70 million shares priced between $17 and $20 to raise up to $1.4bn. This offering represents 13% of Twitter and values it at about $11bn.

Microsoft Profit Up 17%

Microsoft with its activities in the last quarter has seen its profits climbed to 17%, beating market expectations. The company has released several new products, bought mobile phone giant Nokia, increased sales of its tablet computer sales, and had a new windows 8 update.

Will Investors Lose Face With Facebook?

With the world’s online social network giant scheduled to report its third-quarter results this week, investors are anxious to find out whether or not the company will still maintain the high it has been on for the past few months. Shares of Facebook, which trade at 52 times adjusted forward earnings, finished Friday’s closing session at $51.95, up 96 percent over the last three months.