Facebook Pressured by Student Group and 4 Hot Stocks Change Hands
DSW Inc. (NYSE:DSW): Private equity firm Leonard Green & Partners disclosed this morning that there is a stake of 1.3 million shares in DSW that was held on September 30, 2012. Leonard Green noted that the delayed filing is due to a request for confidential treatment which expired on November 18, 2012. Shares of DSW are rallying 6%, or $3.84, to $71.63 in early trading. Leonard Green’s stake and confidential treatment could be driving speculation that the private equity firm may desire to buy out DSW.
Starbucks Corp. (NASDAQ:SBUX): According to Bloomberg, Brazil had record coffee harvests, compounding the worldwide excess of arabica used by Starbucks Corp. and Dunkin’ Donuts (NASDAQ:DNKN). Brazilian farmers will have 50.8 million bags in 2013, a record for a the low-crop season, noted by nine analyst estimates. The harvest reached 55.9 million 60-kilogram (132-pound) bags in 2012, an all-time high for a peak year. Prices may drop 13 % to $1.311 a pound by June 30, as shown by fourteen predictions.
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Tesla Motors, Inc. (NASDAQ:TSLA): According to the Chief Executive Officer’s posting on his Twitter feed to 112,000 followers, Tesla Motors Inc., the maker of electric vehicles led by billionaire Elon Musk, had a positive cash flow last week. In his message, which was posted over 500 times by Twitter users, Musk said, “Continued improvement expected through year end.” No additional information was provided.
Facebook, Inc. (NASDAQ:FB): According to Reuters, a student group in Austria called Europe v Facebook plans to go to court in an attempt to make Facebook, Inc. do more to protect the privacy of their hundreds of millions of members.
International Business Machines Corp. (NYSE:IBM): iSoftStone (NYSE:ISS) announced that they have signed an agreement with International Business Machines and the Xiangyang city government to co-build an IBM Central China Cloud Computing Center of Excellence, or CCoE, in the city of Xiangyang in China’s Hubei province. As a sub-center city, Hubei, Xiangyang has become one of China’s largest automotive industry bases where manufacturers of vehicles, engines, and other vehicle parts are located. The IBM CCoE would like to build the first cloud platform to integrate the information needs of the automotive industry supply chain in the country.
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