Latin American mobile phone operator NII Holdings (NASDAQ:NIHD) launches its 3G mobile phone network in Mexico tomorrow. With the new network NII hopes to challenge the market dominance by Carlos Slim owned America Movil, and be able to offer smart phones and advanced services to its subscribers. Shares of NII have lost 63% of their value this year.
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FactSet Research Systems (NYSE:FDS), a financial data provider, reported a fourth-quarter profit that was up 19 percent from last year – EPS of $ 1.18 was ahead of expectations by at $ 0.12. Quarterly revenue was up 8.2 percent to $ 207.66 million and topped analysts expectations of $ 207.03 million.
Chrysler (FIATY.PK) is having none of the demand by the Canadian Auto Workers union that the car maker toe the line relating to labour agreements followed by Ford and GM. The company’s view: “Chrysler has said repeatedly their cost structure is much different from GM and Ford; therefore the union has to respond differently on multiple fronts.”
Educational toy maker LeapFrog (NYSE:LF) reports that its LeapPad2 has been selected by Walmart as one of the holidays top toys as it found a place on the retailer’s “Top 20” holiday list. According to the company’s press release, LeapPad2, the next generation kid’s learning tablet, provides an educational entertainment solution with a library full of content designed to help kids learn through play.
Barnes & Noble (NYSE:BKS) is planning to provide a streaming service for its Nook business, enabling subscribers to view movies and TV shows such as from HBO and Starz. The service will likely launch this fall in the US.
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