Market News
Google (GOOG)
Google's Bradley Horowitz, vice president of product management at Google, said Google Voice and cloud computing will be huge plays for the search engine giant in 2010.
Expect the Gizmo5 assets to bolster the Google Voice phone management application. Google has been toiling in the cloud computing market for a few years now, hosting its Google Apps collaboration programs for consumers and businesses.
Dec 31 · 9:25:00 PM · Source: eWeek
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by Michael Oliveto
Google (GOOG)
Chinese author Mian Mian, who shot to fame with lurid tales of sex, drugs and alcohol in the underworld, will sue Google this week for copyright infringement, her lawyer said.
Sun Jingwei said the case the first civil lawsuit against Google Inc. in China over the scanning of books into its controversial web library would open at a Beijing court on Tuesday.
Dec 31 · 9:19:00 PM · Source: Reuters
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by Michael Oliveto
AT&T (T)
The attorney general for Washington D.C. has filed a lawsuit against an AT&T unit, seeking to recover consumers' unused balances on prepaid calling cards.
The suit claims that AT&T should turn over unused balances on the calling cards of consumers whose last known address was in Washington, D.C. and have not used the calling card for three years.
Dec 31 · 9:14:00 PM · Source: Reuters
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by Michael Oliveto
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
Gilead Sciences (GILD)
Gilead Sciences received a major pipeline setback with disappointing results from a phase III trial of darusentan in which it failed to achieve its primary endpoint.
The drug was being studied under an international clinical trial (DAR-312) for the treatment of resistant hypertension. As a result of the setback, Gilead is considering the option of dropping the program so that its resources can be utilized for other potential candidates rather than conducting another intensive phase III study.
Dec 31 · 3:59:00 PM · Source: Zacks
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by Michael Oliveto
General Dynamics (GD)
General Dynamics Ordnance and Tactical Systems has been awarded a $6.1 million modification to a previously awarded defense contract.
The contract is for logistics for expeditionary fire support system transportable vehicles, a U.S. Department of Defense release said.
Dec 31 · 3:57:00 PM · Source: MSN Money
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by Michael Oliveto
General Dynamics (GD)
General Dynamics' Armament and Technical Products division has brought in $33.6 million from the U.S. Army for armor tiles for personnel carriers, according to the U.S. Department of Defense.
Under the deal, General Dynamics Armament and Technical Products will supply the Army with 144 Bradley reactive armor tile sets for the Army’s Bradley Fighting Vehicle. Work on the contract will be performed in Stoughton, MA, Fall River, MA, Burlington, VT, Lyndonville, VT, and Simsbury, CT, as well as in Minnesota, Mississippi, New Jersey and Israel. The U.S. Department of Defense expects the work on the deal to be completed by November 30.
Dec 31 · 3:56:00 PM · Source: Mass High Tech
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by Michael Oliveto
Devon Energy (DVN)
Shipping and oil group, AP Moller-Maersk, is purchasing Devon Energy’s stakes in three of its oilfields in the Gulf of Mexico for $1.3 billion.
The Copenhagen-based company will get a 50% stake in the Cascade field and a 25% interest in each of the Jack and St Malo fields.
Dec 31 · 3:49:00 PM · Source: emii.com
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by Michael Oliveto
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