Schaeffer's Trading Floor Blog

Buzz Stocks: Yahoo! Inc., Amazon.com, Inc., Eli Lilly & Co., and Zynga Inc

Today's stocks to watch in the news include YHOO, AMZN, LLY, and ZNGA

by 1/31/2014 9:12 AM
Stocks quoted in this article:

After a round of mixed earnings reports, the stock market is headed sharply lower in pre-market trading. In company news, here are some names to watch today:

  • Yahoo! Inc. (NASDAQ:YHOO) reports that a group of hackers tried to access Yahoo Mail accounts with login information culled from a third-party website. The Internet search pioneer has already reset passwords for the targeted accounts, and has also put into place a two-step verification process. (The New York Times)

  • Amazon.com, Inc. (NASDAQ:AMZN) may raise the membership fees of its Amazon Prime expedited shipping service, according to Chief Financial Officer Tom Szkutak. The annual cost of the program is $79, and has not been raised since debuting in 2005, despite rising fuel prices. (MarketWatch)

  • Eli Lilly & Co. (NYSE:LLY) is being sued by Sanofi SA (ADR) (NYSE:SNY) for allegedly infringing on four of the latter's patents. The maneuver will significantly delay LLY's release of a generic version of Lantus -- SNY's highly successful insulin product -- which was scheduled to watch its U.S. patent expire in February 2015. (Reuters)

  • Zynga Inc (NASDAQ:ZNGA) has acquired NaturalMotion for $527 million, giving it control over popular games such as "Clumsy Ninja" and "CSR Racing." However, ZNGA also announced it will lay off 15% of its workforce and institute other measures to cut costs. (CNET)

  • Also, 3M Co (NYSE:MMM), Chevron Corporation (NYSE:CVX), AMZN, Chipotle Mexican Grill, Inc. (NYSE:CMG), Google Inc (NASDAQ:GOOG), MasterCard Inc (NYSE:MA), and ZNGA reported quarterly earnings. (FOX Business; Reuters; Forbes; The New York Times; CNBC; CNET)

  • Finally, the most popular condiment in the U.S. is -- drum roll, please -- mayonnaise. Americans purchase roughly $2 billion worth of the creamy sauce each year, compared to $800 million in ketchup, $725 million in soy sauce, and $660 million in BBQ sauce. (Consumerist)


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