4 Tech Stock Stories Ready for a Tuesday Scan
Google Inc. (NASDAQ:GOOG): Closing price $1036.24
New features were unwrapped at a press event in San Francisco on Tuesday that should facilitate editing and enhancing photos and videos on the Google+ social service. The new features include a tool that automatically produces a movie from a collection of clips; another permits users to erase unwanted portions of a photo. Google Senior Vice President Vic Gundotra said, “We are looking at doing nothing less than revolutionizing the feel of photography.”
Amazon.com Inc. (NASDAQ:AMZN): Closing price $362.40
Amazon on Tuesday debuted a new Kindle MatchBook program with more than 70,000 titles at the get-go. Through the program, the print version of a book purchased from Amazon that is registered with the MatchBook is eligible for a Kindle version of the title at a reduced prices of $2.99, $1.99, 99 cents, or even for free. The program includes books that were bought dating back to 1995, when Amazon was founded.
Telecom Italia S.p.A. (NYSE:TI): Closing price $9.80
As the Spanish telecom group Telefonica conducts its slow takeover of Telco, the investment vehicle that controls Telecom Italia, the former’s chairman, Cesar Alierta, offered assurances to Italy regarding the future of Telecom Italia, telling reporters, “Telecom Italia will remain an Italian company and Telefonica will ensure employment.” The deal reached in September has ignited a backlash from some Italian politicians and trade unions fearing for national security, job losses, and the rate of investment in tech.
International Business Machines Corp. (NYSE: IBM): Closing price $182.14
IBM’s board of directors on Tuesday declared a regular quarterly cash dividend of 95 cents per common share, payable December 10 to stockholders of record as of November 8. With the payment of the December 10 dividend, IBM will have paid out consecutive quarterly dividends every year since 1916. Additionally, the board also authorized $15 billion in additional funds for use in the firm’s stock buyback program.
Don’t Miss: What Is Google Docked in San Francisco Bay?