Barnes & Noble Falls Victim to Hack and 4 Morning Hot Stocks Trading Today
SAP (NYSE:SAP) reports third-quarter net profit of €680 million, down from €1.25 billion last year, adversely affected by forex fluctuations, but helped by release of provisions of €723 million. Revenues climbed 16% to €3.95 billion, with software license sales up 17% to €1.03 billion, ahead of analyst estimates of €993 million. Adjusted operating profit climbs 10% to €1.24 billion, in line with consensus. For 2012 the company expects operating profit in the range of €5.05 billion-€5.25 billion; forecast for revenues is upped to 10.5%-12.5% from the previous forecast of 10%-12%, primarily due to its recent acquisition of Ariba.
The executive EU commission informed Microsoft (NASDAQ:MSFT) of its view that the company had failed to comply with its 2009 order to provide consumers with a selection of different web browsers on its Windows 7 operating system. Though Microsoft had agreed three years ago to implement the order, it could not fulfil this commitment due to a technical glitch, and may therefore face a fine that could amount to as much as 10% of global revenue.
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Yelp (NYSE:YELP) acquires Europe’s largest local review site, Qype, for about $50 million in a cash and stock deal that would help the former add more than 2 million reviews and about 50 million monthly unique visitors. The acquisition helps boost Yelp’s international expansion.
Ford (NYSE:F) announces its plans to close its Belgian plant in Genk by the end of 2014. “The proposed restructuring of our European manufacturing operations is a fundamental part of our plan to strengthen Ford’s business in Europe and to return to profitable growth,” Ford Europe chief Stephen Odell said in a statement.
Barnes & Noble (NYSE:BKS) revealed that a sophisticated hacking attack sold credit card information customers at 63 Barnes & Noble stores across the nation. The hackers are alleged to have broken into keypads in front of registers where customers swipe their credit cards and enter confidential identification numbers. The FBI has been investigating the matter.