Schaeffer's Trading Floor Blog

Buzz Stocks: Tesla Motors Inc (TSLA), Microsoft Corporation, Wal-Mart Stores, Inc., and Eli Lilly and Co

Today's stocks to watch in the news include TSLA, MSFT, WMT, and LLY

by 4/8/2014 9:05 AM
Stocks quoted in this article:

Following a three-day sell-off, the major market indexes are hovering around breakeven in pre-market hours. In company news, here are some stocks to watch today:

  • Responding to customer requests, Tesla Motors Inc (NASDAQ:TSLA) has begun offering a business leasing program to small and medium-size enterprises. The program will allow customers to deduct car payments from their business taxes, and will be offered through TSLA's newly launched subsidiary, Tesla Finance. (The Wall Street Journal)

  • Microsoft Corporation (NASDAQ:MSFT) will no longer provide security updates for the 12-year-old Windows XP operating system. The decision leaves computers still running the platform -- including a hefty percentage of those that operate bank ATMs and public utility services -- vulnerable to hackers. (CNNMoney)

  • Wal-Mart Stores, Inc. (NYSE:WMT) plans to open as many as 50 new wholesale stores in India during the next four years. The retail chain will also launch an e-commerce website, allowing small businesses to order goods from WMT's wholesale locations and have them delivered up to 25 miles away. (NASDAQ)

  • A federal court ordered Eli Lilly and Co (NYSE:LLY) and Japan-based Takeda Pharmaceutical Co. to pay a total of $9 billion in punitive damages for hiding the cancer risks associated with the diabetes medicine Actos. Both pharmaceutical firms maintain their innocence and intend to appeal the decision. (Bloomberg)

  • Finally, a study from M+R and the Nonprofit Technology Network (NTEN) revealed that online giving to charitable organizations increased 14% in 2013 from the previous year. All told, Internet users gave more than 5.5 million gifts worth roughly $325 million, with an average one-time donation of $68. (Mashable)

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