Amazon Introduces App and 4 Hot Stocks Trading Today
Research In Motion Limited (NASDAQ:RIMM): According to the Globe and Mail, investors are taking another look at Research In Motion Limited. The stock is up on optimism about its upcoming BlackBerry 10 smartphones and hopefully this will reverse over a year of disastrous losses in market share.
The Goldman Sachs Group, Inc. (NYSE:GS): According to Bloomberg, Alcatel-Lucent (NYSE:ALU) is having discussions with Goldman Sachs Group, Inc. about getting a loan to strengthen the unprofitable network equipment vendor’s balance sheet.
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Wal-Mart Stores, Inc.’s (NYSE:WMT): According to the Wall Street Journal, India’s unit suspended a few “associates” due to a bribery investigation, a major setback as the retailer prepares to expand its presence in India.
Sony Corporation (NYSE:SNE): Fitch downgraded Sony Corporation’s Long-Term Foreign and Local Currency Issuer Default Ratings from ‘BBB-‘ to ‘BB-‘ and maintained their Outlook as Negative. Fitch expects Sony’s recovery to be slow due to the company’s loss of technology leadership, competition, and weak economic conditions.
Amazon.com Inc. (NASDAQ:AMZN) has recently introduced an Instant Video app for Nintendo’s Wii U home console. The app will enable Wii U owners to buy, rent and stream more than 140,000 movies and TV episodes from Amazon’s Instant Video Store. In lieu of this, Amazon Prime customers will be able to enjoy more than 30,000 movies and TV episodes for free. The Instant Video app will be located in the Wii U eShop. Console owners can search and browse their favorite movies and TV shows with the help of the Wii U’s 6.2-inch touch screen GamePad controller.