Stocks to Watch: Amazon, Boeing, eBay, Fannie Mae, GM, Starbucks
Eye on the prize...
Stocks to watch for July 5.
- Amazon (AMZN) announced its China unit Joyo.com has launched a mobile store in Beijing with plans to expand in China later this year.
- Boeing Co.'s (BA) big charge on a surveillance-plane program highlights a challenge defense contractors face as they cultivate overseas customers and duel with Congress over reining in weapons costs.
- eBay (EBAY) MD Doug McCallum said the company wants to develop new software tools that will enable users to integrate the EBAY experience into blogs.
- Fannie Mae (FNM) and Freddie Mac (FRE) should retain an ability to help prop up the U.S. home-mortgage market in times of financial turmoil, the companies' new chief regulator said in an interview.
- General Motors (GM), who had warned of a sharp falloff from year-earlier results that were boosted by the rollout of an employee-pricing-for-everyone incentive program, saw U.S. vehicle sales slide 26% in June.
- Goldman Sachs (GS) paid new Treasury Secretary Paulson an $18.7 million bonus for his work as chairman and CEO in the fiscal first half.
- M-Systems Flash Disk Pioneers Ltd. (FLSH) said its board has concluded that the actual measurement dates of certain past stock-option grants differ from the previously recorded measurement dates, and the company plans to restate several years of financial results.
- Starbucks Coffee (SBUX) Japan Ltd.'s new chief executive said on Wednesday the company aims to open at least 100 stores in Japan every year.
- Triarc's (TRY) restaurant chain Arby's newest ad campaign takes aim at the quality of its competitors' chicken, a touchy subject for many health-conscious consumers.
- Asian trading closed with the Hang Seng -0.62%, Nikkei -0.73%, Taiwan -1.11%, Sensex +2.41% and Shanghai +2.20%.
- A quick check across the pond finds the CAC -0.75%, DAX -0.99%, FTSE -0.77%, ATX -0.68% and Stockholm -0.50%.
- Crude oil is trading -01.10 to 73.83 while gold is + 14.0 to 630.0 this morning. For their part, stateside futes are below fair value.
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