7 Super Hot Stocks: Yahoo! Names New CEO, Apple To Start Selling iPhone 4S in China
Yahoo! Inc. (NASDAQ:YHOO) shares fell more than 1 percent in early Wednesday trading. The internet portal giant named Scott Thompson, former President of eBay’s (NASDAQ:EBAY) PayPal, as the new CEO. Other internet rivals such as Google (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT) are trading flat.
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Shares of International Business Machines Corp. (NYSE:IBM) are edging lower after the company agreed to acquire Green Hat, a cloud-based software maker.
TiVo Inc. (NASDAQ:TIVO) shares jumped almost 12 percent after the company reached a deal with AT&T (NYSE:T) over a patent lawsuit. AT&T agreed to pay TiVo at least $215 million to settle the lawsuit and gain rights to use its intellectual property.
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Netflix Inc. (NASDAQ:NFLX) shares are edging higher after announcing its members streamed more than 2 billion hours of TV shows and movies in the fourth quarter. Last year, the company signed deals with companies like Disney (NYSE:DIS) to increase content for viewers.
Dunkin Brands Group Inc. (NASDAQ:DNKN) shares are climbing 1 percent higher on Wednesday. The company plans to more than double the number of its restaurants in the U.S. over the next two decades.
Chesapeake Energy Corp. (NYSE:CHK) gained 1 percent after it reduced slashed long-term debt by $2 billion over the past year. Chesapeake is the second-largest U.S. natural-gas producer after Exxon Mobil Corp. (NYSE:XOM).
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