Diamonds and Dogs
July 12, 2010Diamond
Playboy Enterprises, Inc PLA
This media and lifestyle company has surfaced as the diamond of the day. The well known company was up $1.63 to $5.57, an increase of 41.37%. Hugh Hefner, the company's chief creative officer, has decided to send the company private by buying back all the shares for about $5.50. The deal values the organization at $185 million and the company could see possible bid offers from FriendFinder Network.
The almighty Apple has taken a hit, just kidding, no but seriously! The release of Apple's newest iPhone has had tremendous success; however, recent findings have forced some reviewers and critics not to recommend the iPhone 4. The Apple stock dropped over two dollars after the iPhone 4 was revealed to have poor service and this came shortly after the reception bar was modified.