Market News

Disney (DIS)

The Walt Disney Company announced that Disney has completed its acquisition of renowned character franchise company, Marvel Entertainment Inc.
Under the terms of the agreement and based on the closing price of Disney on December 31, Marvel shareholders will receive a total of $30 a share in cash plus approximately 0.7452 Disney shares for each Marvel share they own.

Dec 31 · 9:10:00 PM · Source: Reuters
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by Michael Oliveto

Amazon (AMZN)

Amazon.com had the happiest customers this holiday season, according to a survey from ForeSee Results released Wednesday.
The Seattle-based e-commerce giant scored the highest in a customer satisfaction report from online retail consulting firm ForeSee, followed by Netflix and QVC. Apple and outdoor-gear retailer Cabela's rounded out the top 5 in the survey, which polls 10,000 visitors to the top 40 US retail sites by revenue each November and December.

Dec 31 · 2:58:00 PM · Source: CNN Money
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by Michael Oliveto

McDonald's (MCD)

The abrupt retirement of Ralph Alvarez, 55, McDonald's president and chief operating officer, came as a surprise to people in and around the company. The company announced December 1 that Alvarez was retiring, effective December 31, because of chronic knee pain.
His departure is the second time in a little more than three years that the company's No. 2 executive has left suddenly. In 2006, investors and analysts were similarly surprised when Alvarez's predecessor, Michael Roberts, announced his resignation.

Dec 31 · 12:38:00 PM · Source: Chron
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by Michael Oliveto

McDonald's (MCD)

McDonald's will open a new outlet at Berlin's Checkpoint Charlie, completing the landmark's 20-year transformation from Cold War frontline to tourist hotspot.
McDonald’s has applied for planning permission with the German authorities, according to company Spokeswoman Christiane Woerle. If it goes through, the 6,500 square-foot restaurant will have 120 seats and will be located across from a museum dedicated to the Wall.

Dec 31 · 12:32:00 PM · Source: examiner.com
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by Michael Oliveto

Disney (DIS)

Disney Board of Directors has nominated Sheryl Sandberg, chief operating officer of Facebook Inc., to be a new, independent director, effective upon her election at the company's next annual meeting, which will be held in March 2010.
"Sheryl is an outstanding executive who can add incredible value to what is already a diverse and highly experienced group of directors," said John E. Pepper Jr., Disney's chairman. "She brings great expertise in the online world, considerable international experience and a deep understanding of consumer behavior."

Dec 31 · 11:44:00 AM · Source: San Fernando Valley Business Journal
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by Michael Oliveto

Disney (DIS)

Disney and Chase have partnered to release a new Disney Rewards Visa Debit Card.
The new card will give card carriers similar rewards to the Disney Rewards Chase Credit Card but is instead, linked to a debit account. The rewards include savings at Disney stores, character meet’n’greets and photo opportunities as well as Disney theme park savings.

Dec 31 · 11:37:00 AM · Source: Consumer Loan Wire · Related: JPMORGAN CHASE & CO
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by Michael Oliveto

Amazon (AMZN)

Amazon has said in a release that Kindle is the highest sold device from its website on this shopping season.
The data was not made available by the company but it was being said that on the peak order day of December 14, customers ordered 9.5 million items worldwide.

Dec 29 · 4:52:00 PM · Source: Duniyalive
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by Michael Oliveto

Home Depot (HD)

Goldman Sachs maintanined its Buy recommendation and raised its price target on Home Depot from $29 to $32.
Home Depot is currently above its 50-day moving average of $27.32 and above its 200-day moving average of $25.73.

Dec 29 · 1:45:00 PM · Source: Smartrend
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by Michael Oliveto

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