Schaeffer's Trading Floor Blog

Buzz Stocks: Time Warner, Dell Inc., Facebook Inc (FB), and General Motors

Today's hot stocks to watch in the news include TWS, DELL, FB, and GM

by 3/7/2013 9:04 AM
Stocks quoted in this article:

Stocks are treading water ahead of the open this morning, as investors await domestic data and central bank remarks from abroad. Turning to company news, here are some stocks to watch today:

  • Time Warner Inc (NYSE:TWX) is spinning off its magazine unit as a separate and publicly traded entity later this year, having opted against selling the division to a third party. By doing so, it follows in the footsteps of News Corp (NASDAQ:NWSA), which recently announced plans to bisect its company into two arms. Among Time Inc.'s titles are People, Sports Illustrated, and Entertainment Weekly. (USA Today)

  • Carl Icahn doesn't like the idea of Dell Inc. (NASDAQ:DELL) going private, and has become personally invested in the matter -- literally. The activist investor has purchased a "sizable" stake in the PC maker and recommends, as an alternative to selling the firm, a leveraged recapitalization and special dividend payout. (The New York Times)

  • Big changes -- the most significant in more than five years -- are coming to the Facebook Inc (NASDAQ:FB) News Feed. Facebook officials will highlight features of the redesign at a press conference today. (Los Angeles Times)

  • General Motors Company (NYSE:GM) is developing an electric car with the potential to travel 200 miles on one charge. The automaker's CEO hopes to have half a million vehicles running at least some form of electric power on the road by 2017. (Bloomberg)

  • The Boeing Company (NYSE:BA) may soon get clearance to test repaired models of the 787 Dreamliner. The 50-jet fleet has been grounded since mid-January due to a battery issue, but the Federal Aviation Administration (FAA) is close to signing off on a "certification plan." (CNBC)

  • Yahoo! Inc. (NASDAQ:YHOO) CEO Marissa Mayer earned a $1.1 million cash bonus as thanks for six months on the job. Ms. Mayer also collected more than $13 million in restricted stock (in addition to 2.1 million shares she already held). (CNNMoney)

  • Costco Wholesale Corporation (NASDAQ:COST) said same-store sales rose 6% In February, topping estimates for a 5.1% increase. Sales in the U.S. were up 6%, while international sales grew by 4%. (MarketWatch)

  • Finally, the latest superhero is none other than Howard Schultz, CEO of Starbucks Corporation (NASDAQ:SBUX). A comic book featuring "The Man Behind Starbucks" was recently released by Bluewater Productions, and tells the tale of the coffee giant in 32 sleek pages. (AdAge)

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