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General Electric Company (NYSE:GE): While stainless steel is still considered the premium finish for home appliances, accounting for 35% of kitchen appliances sold today, General Electric Company’s consumer research has found that a significant portion of homeowners are looking for something different. In response to the research, GE is launching a new finish called Slate. Their industrial designers spent countless hours conducting consumer research and reviewing design trends in the kitchen, home furnishings, home entertainment products, automotive interiors and exteriors. The result was Slate, a warm, grey metallic with a low-gloss finish, that is a natural complement to the wide spectrum of wall colors, counter top materials, floor and cabinet finishes.
Facebook Inc. (NASDAQ:FB): New research predicts that Facebooks Inc.’s (NASDAQ:FB) United States mobile advertising revenue will quintuple next year. This will place it in the top ranks of the mobile advertising business, behind Google (NASDAQ:GOOG).
American Realty Capital Trust Inc. (NASDAQ:ARCT): Realty Income Capital Trust Inc.(NYSE:O) and American Realty Capital Trust (ARCT), announced that they have signed a definitive agreement under which Realty Income will acquire all of the outstanding shares of American Realty Capital Trust, in a transaction valued at approximately $2.95 billion. The board of directors of both companies have unanimously approved this agreement. Following a shareholder vote by both companies, the transaction is expected to close during the fourth quarter or early in 2013. The acquisition will be financed by Realty Income who will issue $1.9 billion of their common stock to American Realty Capital Trust shareholders, the assumption of approximately $526 million of debt, and the immediate repayment of approximately $574 million of outstanding debt and transaction expenses. Under the terms of the agreement, American Realty Capital Trust shareholders will receive a fixed exchange ratio of 0.2874 Realty Income shares for each share of American Realty Capital Trust common stock that they own. Based on Realty Income’s closing stock price of $42.48 on September 5, 2012, this would be equivalent to $12.21 per share.
Microsoft Corporation (NASDAQ:MSFT): Nokia’s new Lumia phones, the 820 and 920, were introduced at a New York City press event on Wednesday morning, Sept. 5, and they are the first handsets to show Microsoft’s Windows Phone 8 operating system. They look great and appear to have some amazing new technology, especially, photography. With competitive new Lumias, Nokia’s transition plans appear to be complete and now it is time to see if the hard work has paid off. Will handset buyers care? Time will tell.
Micron Technology, Inc. (NASDAQ:MU): According to DigiTimes, who have cited industry sources, Micron Technology, Inc.’s (NASDAQ:MU) Chief Executive Officer, Makr Durcan, said that they are looking to establish strategic cooperation with Taiwan based contract chip makers to build potential partnerships. They have approached TSMC (NYSE:TSM). Micron’s collaboration with TSMC may have to do with the development of 3D IC technology and products.
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