Schaeffer's Trading Floor Blog

Buzz Stocks: Google Inc, Boeing, US Airways, and Novo Nordisk

Today's hot stocks to watch in the news include GOOG, BA, LCC, and NVO

by 2/11/2013 9:05 AM
Stocks quoted in this article:

As investors turn their attention back to the budget negotiations in Washington, U.S. stock futures have edged higher ahead of the open. Turning to company-specific news, here are some names to watch:

  • Former Google Inc (NASDAQ:GOOG) CEO and current executive chairman, Eric Schmidt, will soon see a $2.5 billion windfall. Schmidt plans to sell 3.2 million of his 7.6 million shares in the online search giant, leaving him with a 1.3% stake. The sale is reportedly being conducted so that Schmidt can diversify his equity holdings. (CNNMoney)

  • Novo Nordisk A/S (ADR) (NYSE:NVO) is down more than 13% ahead of the open, after the U.S. Food and Drug Administration (FDA) asked for more clinical research into Tresiba, the biotech firm's long-lasting insulin product. Specifically, the FDA wants additional information about potential cardiovascular effects from the drug and related product Ryzodeg. (Reuters)

  • In the latest act of the Dreamliner 787 drama, The Boeing Company (NYSE:BA) conducted an "uneventful" two-hour in-flight test of the grounded jet over the weekend. As the plane flew roughly 900 miles and reached 36,000 feet and 626 miles per hour, testing personnel did not see any issues with the on-board batteries. (The New York Times)

  • In other news from the world of aviation, US Airways Group, Inc. (NYSE:LCC) and AMR Corporation (PINK:AAMRQ) (parent of the bankrupt American Airlines) are getting even closer to a $11 billion merger deal that would create the largest carrier in the world. Sources say the details could be ironed out within the week. (Reuters)

  • The Carnival Triumph -- part of the Carnival Corporation (NYSE:CCL) fleet -- is docked 150 miles off the Mexican coast following an engine-room fire, which caused no injuries to the 3,150 guests and 1,090 crew members on board. The ship is now operating on emergency generator power and will be tugged back to the Mexican port of Progreso. (CNBC)

  • Ericsson (ADR) (NASDAQ:ERIC) is strengthening its presence in Asia with a $1 billion deal to manage the wireline and wireless networks systems for Indian telecomm firm Reliance Communications. The eight-year contract includes the transfer of about 5,000 Reliance employees to ERIC. (Bloomberg)

  • Finally, last night's Grammys were enjoyable for indie-pop trio Fun., who won best new artist and song of the year (for "We Are Young"). Meanwhile, folk-rockers Mumford & Sons nabbed the album of the year award for Babel, while Gotye's "Somebody That I Used to Know" was named record of the year. (NPR)

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