Apple Acquires Harley Trademark and 4 Hot Stocks Changing Hands Now
eBay Inc. (NASDAQ:EBAY): The Pakistani websites of Google, Microsoft, eBay and hundreds of others have been hacked and defacemed. This attack was obvious on Saturday, reports the ProPakistani IT blog, elaborating that someone changed the DNS entries for 285 .pk domains that were managed by the Thomson-Reuters subsidiary, MarkMonitor, and this redirected visitors to those sites on the hacker’s own domain. Instead of taking people to their web searches or gift-buying expeditions, the sites showed a photograph of penguins, with the words “Pakistan Downed” in English, and an obscure message written in Turkish, and this hacker has been self-identified as ‘eboz’.
Deckers Outdoor Corp. (NASDAQ:DECK): Because of warmer weather and higher costs for sheepskin, profits at Deckers Outdoor Corp. has fallen, and Jefferies Group has claimed that it has also made the seller of UGG brand sheepskin boots and Teva sandals less expensive for acquirers as the stock is lower by 56 percent, according to Bloomberg.
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Apple Inc. (NASDAQ:AAPL) acquired a trademark application for Lightning from Harley-Davidson (NYSE:HOG), according to Patently Apple. These documents shows that the yesterday’s transfer although the trademark was protected until 2013.
AT&T, Inc. (NYSE:T): Sprint Nextel (NYSE:S) will enter the last stages of closing the legacy Nextel network purchased for $35 billion during 2005, and the competition among wireless carriers has begun to rise and attract push-to-talk customers, according to the Wall Street Journal. Push-to-talk is a lot like having a walkie-talkie by allowing users to communicate instantly. The niche service, with “iDEN” technology, is widely used in industries like manufacturing and construction. Sprint has fought against Verizon Wireless (VZ, VOD) and AT&T (NYSE:T) to keep those customers.
The McGraw-Hill Companies, Inc. (NYSE:MHP) has signed a definitive agreement under which it is to sell its McGraw-Hill Education business to Apollo Global Management (NASDAQ:APO) for a purchase price totaling $2.5 billion, subject to certain closing adjustments. As part of the transaction, McGraw-Hill is to obtain $250 million in senior unsecured notes issued by the purchaser at an annual interest rate of 8.5 percent. The transaction will likely close during late 2012 or early 2013, and it is subject to regulatory approval and customary closing conditions. When it is closed, McGraw-Hill will be renamed McGraw Hill Financial, and McGraw Hill Financial predicts that it will see a 2012 revenue totaling nearly $4.4 billion and nearly 40 percent comes from international markets. McGraw-Hill intends to use the estimated proceeds of approximately $1.9B, net of tax and certain closing adjustments, from the sale to keep up its share repurchase program, to make selective tuck-in acquisitions, and to pay off any short-term borrowing obligations. Due to the transaction, the company expects a non-cash impairment charge in Q4 totaling $450 million to $550 million in relation to the School Education Group.
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