Orlando, FL -- (SBWIRE) -- 09/06/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR), Vodafone Group Plc (ADR)(NASDAQ:VOD).
Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR) shares jumped 5.89% to $14.56. The company on August 19 said that its board approved the sale of $2.1 billion in oil and gas, petrochemical and power plant assets as part of its $9 billion divestiture program. The sale included Petrobras' 35% stake in block BC-10 in the Campos Basin, known as the Parque das Conchas, to China's Sinochem for $1.54 billion.
Additionally, the company on August 13 said that it will complete the bulk of a $9 billion, five-year, asset-sale plan this year as it tries to limit rising borrowing as a way to finance the world's largest corporate spending program. With the sale of half of its African operations, total asset sales under the plan rose to $1.8 billion at the end of the second quarter, Chief Financial Officer Almir Barbassa said on a conference call to discuss second-quarter earnings.
Are investors worried about the recent updates with PBR? Find out with a free trend analysis HERE
Vodafone Group Plc (ADR)(NASDAQ:VOD) shares gained 1.05% to $32.75. Verizon is in talks to buy out U.S. wireless joint venture partner Vodafone as it looks to grow its lucrative mobile business. In a statement on August 29, Vodafone said it is in discussions with Verizon Communications Inc. (VZ, Fortune 500) over the possible sale of its 45% stake in Verizon Wireless. Verizon Communications holds the remaining 55% share.
Additionally, HybridPayTech, a division of Freeport Capital Inc. CNSX:FAS) technology leader in the mobile payment space, on August 21 announced it has selected Vodafone's (VOD) global machine-to-machine (M2M) platform to provide connectivity for its pioneering mobile payment service. The service allows businesses to equip mobile employees with smartphones or tablets that can securely process credit and debit card payments globally using Vodafone's network.
Is VOD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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