Schaeffer's Trading Floor Blog

Buzz Stocks: General Electric Company, Hewlett-Packard Company, Wal-Mart Stores, Inc., and Sanofi SA (ADR)

Today's stocks to watch in the news include GE, HPQ, WMT, and SNY

by 4/30/2014 9:11 AM
Stocks quoted in this article:

Amid a raft of economic data -- and ahead of the Federal Open Market Committee (FOMC) policy announcement this afternoon -- pre-market futures are little changed. In company news, here are some stocks to watch today:

  • Alstom SA confirmed yesterday that it will seriously consider General Electric Company's (NYSE:GE) nearly $17 billion bid to buy its energy assets, but will give Siemens AG (ADR) (NYSE:SI) until the end of May to put forth a rival offer. Separately, however, SI is in talks with Rolls-Royce Holdings PLC about acquiring the latter's commercial energy production unit. (Reuters; FOX Business)

  • Hewlett-Packard Company (NYSE:HPQ) is teaming with Taiwanese electronics manufacturer Foxconn to develop servers designed specifically for online service providers. The move into low-cost server production is aimed at helping HPQ compete with overseas rivals such as Quanta and Wistron. (PCWorld)

  • Responding to customer complaints over the cost of auto insurance, Wal-Mart Stores, Inc. (NYSE:WMT) has entered into a marketing partnership with AutoInsurance.com, a service that allows users to compare and purchase policies online. For its participation in the program, WMT -- which does not have an ownership stake in AutoInsurance.com -- will receive a monthly promotional payment. (CNBC)

  • Sanofi SA (ADR) (NYSE:SNY) reportedly wants to sell a portfolio of older drugs in order to focus on higher-growth areas. The assets, which include treatments for cardio-metabolic conditions and high blood pressure, could be worth as much as $8 billion on the open market. (Reuters)

  • Also, Barrick Gold Corporation (USA) (NYSE:ABX), eBay Inc (NASDAQ:EBAY), Twitter Inc (NYSE:TWTR), and United States Steel Corporation (NYSE:X) reported quarterly earnings. (Reuters; CNBC; ABC News)

  • Finally, if you've ever wondered what the "local" label means in the produce section of a grocery store, Consumerist took the initiative to find out. The website corresponded with The Kroger Co. (NYSE:KR), and discovered that its definition of local is "within 400 miles." (Consumerist)


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