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Buzz Stocks: Facebook Inc (FB),, Inc., Twitter Inc, and GlaxoSmithKline plc (ADR)

Today's stocks to watch in the news include FB, AMZN, TWTR, and GSK

by 6/12/2014 9:04 AM
Stocks quoted in this article:

Following yesterday's broad-market pullback, U.S. equities appear ready to rebound, with futures pointed higher ahead of the bell. In company news, here are some stocks to watch today:

  • Facebook Inc (NASDAQ:FB) is expanding the amount of user information it provides to advertisers. The "interest-based advertising" approach will combine data about what users do on FB and what they do on other sites; up to this point, advertisers have been forced to choose between one data set or the other. (Re/code)

  •, Inc. (NASDAQ:AMZN) launched "Prime Music" overnight -- an ad-free streaming music service that's included with a standard Amazon Prime subscription. However, as part of AMZN's deals with various labels, songs from new albums will not be streamed until six months after the album's debut. (CNBC)

  • According to inside sources, Twitter Inc (NYSE:TWTR) is considering a management shakeup. Specifically, the firm is reportedly thinking about shifting additional responsibilities away from Chief Operating Officer Ali Rowghani, due to TWTR's unremarkable growth rate and lack of product innovation. (Re/code)

  • Johnson & Johnson (NYSE:JNJ) and GlaxoSmithKline plc (ADR) (NYSE:GSK) are joining forces to develop a single-pill HIV treatment. GSK expects trials of the new drug -- which will combine Edurant (made by JNJ subsidiary Janssen) and Tivicay (made by ViiV Healthcare, of which GSK holds a majority stake) -- to start in 2015. (Bloomberg Businessweek)

  • Also, Lululemon Athletica inc. (NASDAQ:LULU) reported quarterly earnings. (Bloomberg Businessweek)

  • Finally, according to the U.S. Food and Drug Administration, grocery store chain Wegmans is recalling 7- and 18-pound bags of ice, which may contain metal shards. The retailer said it identified the safety issue during a routine inspection of its machinery, and has not received any customer complaints. (Consumerist)

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