Before the bell: Stocks may recover from Friday's selloffNapster Inc. (NASDAQ: NAPS) said Sunday it will begin selling music downloads as unprotected MP3 files in the spring that would be compatible with most portable music players.
Bill Gates, he co-founder and chairman of Microsoft Corp. (NASDAQ: MSFT), has delivered the opening keynote address at the annual Consumer Electronics Show on Sunday. He bid an early farewell and announced a partnerships with a wide-array of partners ranging from Ford Motor Co. (NYSE: F) to television networks such as General Electric's (NYSE: GE) NBC and Walt Disney Co.'s (NYSE: DIS) ABC to sell movies and TV shows.
Gates also made some interesting comments regarding the direction the industry will likely take, "noting that advances in areas such as connectivity, user interface and high-definition video and audio will be the main driving forces for the sector in the next 10 years." Gates in particular noted Apple Inc.'s (NASDAQ: AAPL) iPhone in reference to the "natural-user interface" the industry is changing to and as a key development in that area, "and predicted that touch-screen and voice commands will play a much larger role in future electronics devices."
After the coffee market and seeing that it's good, McDonald's Corp (NYSE: MCD) pulled its sleeves and is abashedly set to move into direct competition with Starbucks Corp. (NASDAQ: SBUX). McDonald's will launch coffee bars with "baristas" serving cappuccinos and lattes in its 14,000 U.S. stores, according to The Wall Street Journal.
General Motors Corp. (NYSE: GM) predicts that driverless cars could be in the market in ten years. Rick Wagoner, GM's chief will devote part of his speech to the driverless vehicles at the CES on Tuesday.
According to the Financial Times, Delta Air Lines (NYSE: DAL) has put on hold plans to sell its Comair regional jet service division while it explores a possible merger with United Airlines (NASDAQ: UAUA) or another rival.
The telecoms-equipment joint venture of Finland's Nokia Corp. (NYSE: NOK) and Germany's Siemens AGwill, Nokia Siemens Network, won a $935 million contract to roll out and service a state-of-the-art mobile network for Middle Eastern carrier Zain in Saudi Arabia.
Time Warner's (NYSE: TWX) Warner Bros. Entertainment said it will release movie discs only in the Blu-ray format, developed by Sony Corp. (NYSE: SNE), becoming the latest studio to reject the rival HD DVD technology, developed by Toshiba Corp., and further complicating the high-definition landscape for consumers.
Yahoo Inc's (NASDAQ: YHOO) chief Jerry Yang will speak at CES Monday, highlighting "enhancements the company is making to its Internet services to optimize them to run on hundreds of millions of existing mobile phones."
Time Warner's (NYSE: TWX) Warner Bros. Entertainment said it will release movie discs only in the Blu-ray format, developed by Sony Corp. (NYSE: SNE), becoming the latest studio to reject the rival HD DVD technology, developed by Toshiba Corp., and further complicating the high-definition landscape for consumers.
Yahoo Inc's (NASDAQ: YHOO) chief Jerry Yang will speak at CES Monday, highlighting "enhancements the company is making to its Internet services to optimize them to run on hundreds of millions of existing mobile phones."
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
Reader Comments (Page 1 of 1)
2-19-2008 @ 6:28AM
ADDAM BONGG said...
ALL THESE STOCKS EXCEPT MAYBE NOK ARE A DUMP AND DUMP FAST. DUMP THEM BEFORE THE RECESSION BECOMES A DEPRESSION. WALL STREET SAYS TO BUY THEM BECAUSE THEY WANNA SELL THEM... DON'T BE A JACKASS!!! SAVE YOUR MONEY AND YOU'LL HAVE MONEY EVEN IF THE MONEY WON'T BE WORTH SQUAT. FASTEN YOUR SEATBELT BECAUSE I HAVEN'T BEEN WRONG YET. LAST SUMMER WHEN I SAID THE BANKS ARE TOTALLY CORRUPT AND WILL BEGIN TO CRUMBLE, I GOT LAUGHED AT; BUT HEY, I DON'T MIND BEING LAUGHED AT ESPECIALLY SINCE I KNOW THOSE LAUGHING ARE IGNORANT MORONS AND TOOLS. WATCH ME NOW !!! AND WATCH FOR MY NEW CDs ARRIVING ON THE WEB IN MARCH. I'M NOT ONLY HERE TO DIVINE THE FUTURE, I'M ALSO HERE TO EDUCATE YOU. POWER TO THE PEOPLE, ADDAM BONGG AMERICA'S #1
2-19-2008 @ 6:30AM
ADDAM BONGG said...
I GET CENSORED BECAUSE WALL STREET AND ITS MINIONS DO NOT WANT THE TRUTH TO INTERFERE WITH THE LIES THEY TELL YOU.
2-19-2008 @ 6:41AM
ADDAM BONGG said...
LOL YOU CAN GO BY JIM CRAMERS ADVICE: BUY IN INCREMENTS, BUY SOME NOW WAIT UNTIL IT FALLS THEN BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS BUY MORE AND WHEN IT FALLS ... LOL NEVER MIND
2-19-2008 @ 6:47AM
ADDAM BONGG said...
CAN ANY WALL STREET ANALYST EQUAL MY ANALYSIS WHEN I SAY WALL STREET WANTS YOU TO BUY BECAUSE THEY WANT TO SELL... AND WHEN I SAY DO LIKE THE PROS DO, SELL AND THEN SELL SHORT. WE ARE AT THE BEGINNING OF A SWANDIVE. THE WAR PREMIUM HAS BEEN SQUANDERED. YOU'RE NOT RICH IF YOU OWE. WALL STREET EXISTS TO CAJOLE MONEY OUT OF YOUR POCKET AND NOT FOR ANYTHING ELSE. SEND YOUR MONEY TO THE SCUM OF WALL STREET AT YOUR OWN PERIL. LOVE & PEACE, A.B. INTERNET ROCKSTAR
1-07-2008 @ 9:19AM
CrossProfit said...
This is actually good news for SBUX. The average SBUX customer will continue going to SBUX, yet at the same time, millions more will be exposed to the "baristas" concept. The next natural step is for several million to try the real thing.
As for MCD taking business away from SBUX over price, well, price conscientious customers don't by out their coffee and prefer to brew their own anyway. Not to mention that some already buy their beans from SBUX.
More "baristas" serving coffee spells more serious addicted coffee drinkers which in turn means more customers for SBUX.