Symantec's (SYMC) $5.5B Capital Return Program is Credit-Negative Development - Moody's Feb 5, 2016 03:31PM

Moody's Investor Service said Symantec Corporation's (Nasdaq: SYMC) recently announced $5.5 billion Capital Return Program supplemented by an additional $500 million convertible note offering and an unspecified amount of additional debt is credit negative particularly as it embarks on a significant cost reduction plan and attempts to stabilize declines in its Consumer business. For more information, please see the Issuer Comment recently published on www.moodys.com


BlackBerry (BBRY) Affirms Cutting Jobs at Waterloo, Sunrise Locations Feb 5, 2016 02:18PM

BlackBerry (Nasdaq: BBRY) is cutting jobs as it looks to rightsize the corporation and return to profitability.

TechCrunch confirmed an earlier reports that BlackBerry was letting people go from its Waterloo and Sunrise, Fla., locations.

One report said BlackBerry was axing 75 positions at the Florida facility, and the other said that the company is cutting 35 percent of its workforce at its Waterloo headquarters.

While BlackBerry confirmed it was reducing headcount, the... (continue reading...)


Investors Smell Opportunity in Flint's Stinky Water Feb 5, 2016 12:33PM

The Flint water crisis has left onlookers dumbfounded at the lack of competence among government officials and agencies. However, the crisis extends far beyond Flint. Each day new stories of high levels of lead being discovered in tap water across the country are coming to light. If anything positive comes out of the crisis, it will be that is has brought awareness that dilapidated infrastructure can impact you and your family silently in the security of your own home.... (continue reading...)


Apple (AAPL) Dips as Top U.S. Smartphone OEM in Dec as Samsung Gains Ground - comScore (GOOG) (MSFT) Feb 5, 2016 09:05AM

comScore, Inc. released data from comScore MobiLens and Mobile Metrix, reporting key trends in the U.S. smartphone industry for December 2015. Apple ranked as the top smartphone manufacturer with 42.9 percent OEM market share, while Google Android led as the #1 smartphone platform with 53.3 percent platform market share. Facebook ranked as the top individual smartphone app.

Smartphone OEM Market Share197.4 million people in the U.S. owned smartphones (79.3 percent mobile... (continue reading...)


Obama Looks to Impose New Oil Tax to Pay for Transportation Innovation (TSLA) Feb 4, 2016 03:21PM

Tesla (Nasdaq: TSLA) is on watch Thursday following reports that President Obama may impose a new oil tax.

Politico said that the President will call for a tax of $10 per barrel of oil. News comes as the President is planning to unveil a $300 billion budget next week for investments in transportation technology innovation.

While its unlikely that Congress will support the measure, aides to Obama said its more to start a conversation about the future of... (continue reading...)


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