Morning Buzz: Facebook (FB), Intel (INTC), Petrobras (PBR), SunEdison (SUNE)


Facebook (FB) – BBC News reports the social media giant has agreed to pay millions more to the UK government after an overhaul of its current tax system. Facebook has come under heavy criticism after reports showed the company paid just 4,327 pounds in corporation tax in 2014.

Shares of Intel Corporation (INTC) are not feeling any boost today on the back of a positive article in Friday’s edition of Barron’s. The publication suggests INTC can surge 25% this year and that the chip maker “looks undervalued given an expected acceleration in earnings and an attractive valuation”. After closing the previous session at $30.58, Intel stock is down about 1.7% to $30.08 today.

Shares of Brazilian oil giant Petrobras (PBR) surged 8.5% to $5.11 in early trading on Friday after Brazil detained its former President Luiz Inacio Lula da Silva along with others in the latest crack down on corruption, tied to the oil company.

Petrobras shares have traded today between $5.08 and $5.35 with the price of the stock fluctuating between $2.71 to $10.55 over the last 52 weeks.

SunEdison, Inc. (SUNE) shares jumped nearly 18% to $1.79 in morning trading after the company said that it settled a $150 million lawsuit for $28.5 million in disputes over a failed $700 million acquisition of Latin America Power Holdings BV.

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