Morning Beat: Amazon.com, Inc. (AMZN), Twitter Inc. (TWTR), And International Business Machines Corp. (IBM)
Most of the markets traded flat to in the negative territory today with China being exception as it closed in green. Rumors of a stimulus package in Japan were doing rounds during Asian trading session.
After being profiled as bruising workplace by The New York Times Company (NYSE:NYT) in an article published on Saturday. Amazon.com, Inc. (NASDAQ:AMZN)’s CEO Jeff Bezos responded in an internal memo which was sent to employees. Mr. Bezos stated that, He was not aware of the Amazon as mentioned by NYT Article. He also said that “I strongly believe that anyone working in a company that really is like the one described in the NYT would be crazy to stay. I know I would leave such a company.” Amazon.com, Inc. (NASDAQ:AMZN) has been the most discussed news on social media.
SunTrust Robinson Humphrey analyst Robert Peck in a note to clients on Friday said that Jack Dorsey could be announced as Twitter Inc. (NYSE:TWTR)’s permanent CEO as soon as this week. It would be interesting to see what happens as these are rumors.
Barrons in an article published over the weekend found Warren Buffett’s love for International Business Machines Corp. (NYSE:IBM) strange. The article makes the case that stock buybacks and increasing debt is a cause of concern. They also believe that International Business Machines Corp. (NYSE:IBM) also doesn’t have any new innovative product which will take the company forward over next 50 years.
The battle between Samsung Elect LTD(F) (OTCMKTS:SSNLF) and Apple Inc. (NASDAQ:AAPL) continues over the number of people switching from Android to iOS. Samsung’s president of UK and Ireland Andy Griffiths says that both companies are competing for 20 percent of customers who would switch from Android to iOS or vice-versa.
Tianjin blasts impacted automobile companies in China with Toyota Motor Corporation (ADR) (NYSE:TM) expecting product line disruptions while Volkswagen and Renault reported damages to 2,700 and 1,500 vehicles which were burned or damaged during explosions last week.
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