Apple Inc. Rumored to Buy Beats Electronics for $3.2 Billion; Gulf Resources Surges on Higher Earnings and Revenue in Q1

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05/13/2014 [ACCESSWIRE]

Psychic Friends Network Inc. (OTCBB: PFNI) - For an in-depth report on Psychic Friends Network Inc. follow:

Shares of PFNI closed down nearly 33% on Monday with about 4.2 million shares traded. The stock was one of the biggest decliners in the OTCBB marketplace despite no news released from the Company. Psychic Friends Network provides on-demand psychic advice as well as daily and weekly horoscopes.

Gulf Resources, Inc. (NASDAQ: GURE) - For an in-depth report on Gulf Resources, Inc. follow:

Gulf Resources closed up 21.35% on about 2.8 million shares traded on Monday. The stock was a big advancer on the NASDAQ after the company reported higher earnings and revenue in its first quarter. Gulf Resources reported net income of $4.3 million, or 11 cents a share, more than double $1.9 million, or 5 cents a share, in the year-ago quarter. Revenue climbed 14% year over year to $25.6 million.

Apple Inc. (NASDAQ: AAPL) - For an in-depth report on Apple Inc. follow:

Apple shares closed up 1.24% on about 7.6 million shares traded. The company is close to paying a record $3.2 billion for Beats Electronics as an entrance into music streaming and headphone gear. Earlier this year Beats launched a music service.

Vale S.A. (NYSE: VALE) - For an in-depth report on Vale S.A follow:

Shares of VALE closed up 4.16% on about 26.5 million shares traded. The stock was one of the biggest gainers on the NYSE. The company had no significant news except an article written favorably about the company on Monday. Last month the Brazilian Superior Justice Tribunal voted 3-1 in favor of Vale on 22.3 billion real ($10 billion) of disputed taxes on foreign profits from the period between 1996 and 2002. 


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