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Shares of both Facebook (NASDAQ:FB) and Starbucks Corporation (NASDAQ:SBUX) suffered double-digit percentage drops on Friday, which triggered the Nasdaq short-sale circuit breakers. The mechanism is for the purpose of protecting stocks from manipulation and harm by short sellers.
Comcast Corporation (NASDAQ:CMCSA) Chief Executive Brian Roberts says that NBC will receive approximately $1.2 billion in total revenue from the Olympics, which amount would get it closer to breaking even on the games. NBC paid $1.18 billion for rights to the London Games, and is spending around $100 million on production, while analysts had forecast losses between $100 million and $200 million.
AT&T Inc. (NYSE:T) is going ahead with its plan of growing its near-term earnings per share, by conducting large stock repurchases as well as keeping capital expenditures down. The communications giant recently added 300 million shares, an amount which represents 5.2 percent of outstanding shares, to its stock buyback program, and has repurchased 75.8 million shares in the second quarter, and 67.7 million in the first. Those purchases greatly helped AT&T exceed second quarter earnings estimates despite a revenue miss.
Apple Inc. (NASDAQ:AAPL) has obtained patents that cover the use of near-field communication technology to interact with game controllers and home appliances, and in addition, one related to display glasses.
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