Amazon's (AMZN) AWS Said Utilizing Tesla's (TSLA) New Commercial Battery System May 1, 2015 02:55PM

One of Amazon's (Nasdaq: AMZN) key operating units is putting Tesla's (Nasdaq: TSLA) new residential/commercial batteries through its paces.

According to ZDNet, Amazon is utilizing Tesla's Power Pack battery system for its Amazon Web Services data center manager. AWS is worth about $5 billion to Amazon and runs a slew of popular websites and services.

AWS engineer James Hamilton noted that the Amazon unit was testing Tesla's batteries for about a year. Hamilton commented,... (continue reading...)


Third Point Reveals 'Significant Stake' in Yum! (YUM) and New Position in Devon (DVN) May 1, 2015 10:05AM

Shares of Yum! Brands (NYSE: YUM), the second largest global quick service restaurant, spiked Friday morning after Third Point, run by Dan Leob, released its Q1 investor letter revealing a " significant stake" in the company. Leob thinks the company is at the early stages of turning the page on recent troubles in its Chinese business.

"We believe this development should neutralize the largest overhang on the stock, set the stage for a dramatic profit recovery over the... (continue reading...)


Tesla (TSLA) Debuts New Powerwall Home Battery Product May 1, 2015 06:02AM

Tesla (Nasdaq: TSLA) debuted its new Powerwall battery on Thursday night. The company describes the product as such:

Powerwall is a home battery that charges using electricity generated from solar panels, or when utility rates are low, and powers your home in the evening. It also fortifies your home against power outages by providing a backup electricity supply. Automated, compact and simple to install, Powerwall offers independence from the utility grid and the security... (continue reading...)


Global Tablet, 2-in-1 Shipments Slipped 6% in Q1 - IDC (AAPL) (MSFT) Apr 30, 2015 11:46AM

Worldwide tablet shipments recorded a year-over-year decline for the second consecutive quarter in the first quarter of 2015 (1Q15). Overall shipments for tablets and 2-in-1 devices fell to 47.1 million in 1Q15, a -5.9% decline from the same quarter a year ago, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Tablet Tracker.

"The market slowdown that we witnessed last quarter is continuing to impact the tablet segment, but... (continue reading...)


Leaked Fannie (FNMA), Freddie (FMCC) Memo May Include a 'Bombshell', Dick Bove Says Apr 30, 2015 11:22AM

Rafferty Capital analyst Dick Bove weighed in on the leaked memo related to Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC), highlighted earlier.

"I have read the Treasury memo in question and it raises serious questions as to whether the Treasury is following the law and even if Judge Lamberth understands the law," Bove said.

Bove highlights that one interesting point in the memo is that it suggests that F&F have capital ratios of 3% to 4%. This is substantially lower... (continue reading...)


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