Microsoft’s Sales Weaker Than Expected and 3 Dow Movers to Follow
Microsoft Corporation (NASDAQ:MSFT) and similar firms are seeing slumping sales of personal computers this shopping season, implying that the troubles they face in the sector might not abate anytime soon, says The New York Times. Emmanuel Fromont, president of the Americas division of Acer, says that sales of PCs that run Microsoft’s new Windows 8 operating system have been weaker than expected.
Verizon Communications’ (NYSE:VZ) spokesperson has told ZDNet that although a hacker claimed to have stolen more than 3 million customer records from the company, its examination of data posted by the hacker confirm that the information was not stolen from Verizon Wireless.
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Wal-Mart Stores (NYSE:WMT) Walmart.com is the most visited domestic e-commerce site, following Amazon’s and eBay (NASDAQ:EBAY) according to ComScore, although online sales are less than 10 percent of Walmart’s total.
Exxon Mobil Corporation (NYSE:XOM) and Denbury Resources (NYSE:DNR) close the second and final phase of the latter’s previously reported Bakken sale and asset exchange with Exxon Mobil and its wholly-owned subsidiary XTO Energy. In the first closing, ExxonMobil retained $350 million cash and Denbury retained a 17.5 percent stake in the Bakken area assets so as to allow an exchange of the retained Bakken assets for roughly one-third of ExxonMobil’s CO2 reserves in LaBarge Field in Wyoming. In this second phase closing, ExxonMobil exchanged the contemplated stake in the CO2 reserves and residual cash balances subsequent to preliminary closing adjustments for Denbury’s retained interest in the Bakken area assets.
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