Nasdaq Partners with Amazon and 3 Hot Stocks Trading Today
Apple’s (NASDAQ:AAPL) new iPhone 5 has a sleek look in no small measure due to the use of in-cell screen technology which combines the display and the touch sensor into one component. But the company paid a cost in terms of supply disruptions that led to demand for the phone outstripping supply on its launch debut. In-cell screens are tougher to produce, resulting in Sharp Corp., one of the suppliers, falling behind on delivery schedules and quality concerns.
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In an effort to create a cheaper route to regulatory compliance, Nasdaq (NASDAQ:NDAQ) launched a platform of the cloud created by Amazon Web Services (NASDAQ:AMZN) and dubbedFinQloud that allows the exchanges trading clients to store financial and regulatory data securely. According to NASDAQ, the data can now be stored and retrieved inexpensively and with ease.
According to a regulatory filing with the SEC by Oracle (NASDAQ:ORCL), Larry Ellison, who holds a 23.5% stake in the company, increased the number of shares of the company pledged as collateral from 40 million shares in 2011 to 139 million shares in 2012. The stock was pledged as “collateral to secure certain personal indebtedness, including various lines of credit.”
A joint statement by UK-based liquor giant Diageo (NYSE:DEO) and Indian spirits group United Spirits Ltd confirms the two companies are in talks regarding the sale of a stake in the latter. No information was offered on the size of the stake, and there is no certainty that the discussions could lead to a conclusive deal. A transaction could lead to Diageo plc enhancing its presence in a major emerging market, and help the Indian group sort out the financial difficulties at its Kingfisher airline.
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