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Microsoft (NASDAQ:MSFT) chief Ballmer announced at the annual employee event that every single full-time Microsoft employee would be getting a Surface tablet, a Windows Phone 8, and a new touch-enabled Windows 8 PC, presumably in an effort to stir up interest in the new products.
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Tobacco wars unfold in Norway. Philip Morris (NYSE:MO) is likely to appeal a judicial decision upholding a ban on the open display of tobacco products in Norwegian stores, saying it contravenes free trade norms agreed between the EU and Norway.
Bio technology company Virco (NASDAQ:VIRC) reports second quarter EPS of $0.49 which beats street expectations by $0.20. Revenues at $60.4 million are in line with consensus.
A report from Moody’s estimates that spending on ads during the closely contested presidential elections could climb 25 percent compared to what they were a couple of years ago. Local TV stations such as Sinclair Broadcast Group, Inc.(NASDAQ:SBGI), and Media General, Inc.(NYSE:MEG) could be beneficiaries.
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