Before the bell: Rallying oil chokes Fed rate cut joyStarbucks (NASDAQ: SBUX) will launch today its "frappucino" bottled drinks in China with partner PepsiCo Inc. (NYSE: PEP). With this, the company is reaching beyond its iconic stores in marketing the brand in Chinese stores, shops - even Shanghai's subways. SBUX shares are gaining somewhat this morning, not bad considering the negative direction of the market.
Cisco Systems Inc. (NASDAQ: CSCO) announced a multiyear, $16 billion investment in China to expand manufacturing, venture capital and education efforts. The ventures include a partnership with Alibaba Group. The company says its total commitments in China to date are $8.5 billion.
Citigroup (NYSE: C) stock is down over 4.6% in premarket trading (8:10) after CIBC World Markets downgraded Citigroup to Sector Underperformer from Sector Performer, citing capital concerns which could cause a dividend cut.
Car and truck sales will be reported today. According to a Goldman analyst, General Motors Corp. (NYSE: GM) sales probably rose about 2%. Ford Motor Co. (NYSE: F) sales probably declined 17%.
According to iPhone Atlas, there were a 144,000 installation of AppSnapp in 3 days. AppSnap is a third party app/jailbreak tool for Apple Inc.'s (NASDAQ: AAPL) iPhone. Others are wondering whether the new release of Mac's operating system, Leopard, could be still be in beta as users encounter many problems.
Google Inc.'s (NASDAQ: GOOG) stock price passed through $700 for the first time to close at $707 yesterday after announcing plans for new products and services in new markets.
Before the bell: Stocks ready to climb on hopes of continued low rates
Why do we have a weak dollar?
Holiday hiring slow for retailers
Reader Comments (Page 1 of 1)
11-15-2007 @ 11:15PM
Glowa said...
I have stocks and funds that I bought thru E Trade. How will I be affected if E-Trade goes belly up.