On Tuesday, Shares of Corning Incorporated (NYSE:GLW), added 0.77% and closed at $23.61 in the last trading session. GLW stock opened its last trade at $23.65 and after floating in a range of $23.59 to $23.83. The company’s Market capitalization is $24.52 Billion with the total Outstanding Shares of 1.04 billion. During the 52-week trading session the minimum price at which share price traded, registered at $16.13 and reached to max level of $23.96. The Earnings per Share of the company stands at $1.82. Two leading travel groups in India, MakeMyTrip Limited (MMYT) and ibibo Group (owned by global technology group Naspers Limited (JSE: NPN.SJ and LSE: NPSN)), have agreed to pursue a transaction that will combine the two businesses under MMYT, creating one of the leading travel groups in India that provides a one-stop shop for all Indian travellers and serves as a critical partner for travel industry suppliers.
The combination will bring together a bouquet of leading consumer travel brands, counting MakeMyTrip, goibibo, redBus, Ryde and Rightstay, which together processed 34.1 mm transactions during FY2016.
The transaction is expected to unlock value for customers, supply partners and shareholders, by combining the complementary strengths of each business. MakeMyTrip brings its strong brand, robust mix of domestic and outbound hotels and packages business and strong position in the air ticketing business. ibibo Group, via its brand goibibo and redBus, comes with a strong presence in various fast growing travel segments counting hotels, bus bookings and air ticketing.
Shares of Dow Chemical Co (NYSE:DOW), gained 1.30% and closed at $53.69 in the last trading session. DOW stock opened its last trade at $53.55 and after floating in a range of $53.37 to $53.90. The company’s Market capitalization is $60.07 Billion with the total Outstanding Shares of 1.13 billion. During the 52-week trading session the minimum price at which share price traded, registered at $40.26 and reached to max level of $57.10. The Earnings per Share of the company stands at $6.59. The Dow Chemical Company manufactures and supplies products that are used mainly as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments. The Agricultural Sciences segment provides crop protection and seed/plant biotechnology products and technologies, urban pest administration solutions, and healthy oils. The Consumer Solutions segment offers semiconductors and organic light-emitting diodes, and adhesives and foams used by the transportation industry; and cellulosics and other polymers for innovative pharmaceutical formulations and food solutions. It serves automotive, electronics and entertainment, food and pharmaceuticals, and personal and home care products markets. The Infrastructure Solutions segment provides architectural and industrial coatings, construction material ingredients, building insulation, adhesives, and microbial protection products for the oil and gas industry; water technologies; monomers; and silicone and silicone products. The Performance Materials & Chemicals segment offers chlorine and caustic soda; industrial solutions; and propylene oxides, propylene glycols, polyether polyols, and aromatic isocyanates.