Schaeffer's Trading Floor Blog

Buzz Stocks: Yahoo! Inc., Sears Holdings Corp, GlaxoSmithKline plc (ADR), and Google Inc

Today's stocks to watch in the news include YHOO, SHLD, GSK, and GOOGL

by 5/14/2014 9:02 AM
Stocks quoted in this article:

U.S. stocks are flirting with breakeven in pre-market trading, as investors weigh the latest bout of inflationary data. In company news, here are some stocks to watch today:

  • Yahoo! Inc. (NASDAQ:YHOO) bought self-destructing messaging startup Blink -- a rival to Snapchat -- for an undisclosed sum. Blink said it will shutter its iOS and Android apps in the coming weeks, following the acquisition. (CNBC)

  • In other M&A news, Sears Holdings Corp (NASDAQ:SHLD) is looking to unload its 51% stake in Sears Canada, and could even put the entire Canadian department store on the block. Sears Canada, which has a market value of roughly $1.5 billion, said it's cooperating with SHLD "to achieve value for all shareholders." (Yahoo! Finance)

  • Mark Reilly, former head of GlaxoSmithKline plc's (ADR) (NYSE:GSK) China operations, has been accused by Chinese police of organizing a "massive bribery network." The long-running scheme -- which involved under-the-table payouts to hospital staff and government officials -- resulted in illegal revenue of more than $150 million, authorities said. (The New York Times)

  • Google Inc (NASDAQ:GOOGL) showcased its self-driving "robot cars" to more than two dozen reporters in Mountain View, California, on Tuesday. The company wants the public to understand that the driverless technology -- which likely won't be available for several more years -- isn't "something that you need to fear but something you need to embrace." (Reuters)

  • Also, Deere & Company (NYSE:DE), Macy's, Inc. (NYSE:M), and Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reported quarterly earnings. (MarketWatch; USA Today; Bloomberg)

  • Finally, Panera Bread Co (NASDAQ:PNRA) could be revolutionizing the way we order fast food, with the casual dining chain phasing in ordering kiosks and online and mobile ordering over the next two years. The firm said that while the number of cash registers will be reduced, no jobs will be cut, as employees who work the registers will begin preparing or serving food. (USA Today)

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