5 Stocks Kicking Off the Week with High Intensity Action
Dirk Notheis, head of Morgan Stanley’s (NYSE:MS) German unit has offered to resign in the light of the controversy surrounding emails he exchanged with a local politician. Notheis was a key functionary for Morgan Stanley, particularly for his ability to secure lucrative M&A advisory assignments for the bank, which is perhaps why no decision has been taken so far on the resignation.
Interim CEO Ross Levinsohn is placing renewed emphasis on boosting Yahoo’s (NASDAQ:YHOO) $5 billion online advertising business by tying up advertising to major events such as the Super Bowl and refreshing new content on the site. By doing this, Levinsohn may be putting the company’s priority of higher e-commerce revenues on the back burner – but if it succeeds, Ross could end up being CEO in the full sense of the term.
In the race to tie up lucrative content on the Continent, Amazon (NASDAQ:AMZN) has succeeded in striking a deal with News Corp.’s (NASDAQ:NWSA) 20th Century Fox movie and TV library to source content that could be streamed through its LoveFilm video streaming service in the U.K.
Disney (NYSE:DIS) has a blockbuster on its hands as its Brave did better than expected at the box office on its opening weekend, raking in $66.7 million. Brave dethroned Madagascar 3: Europe’s Most Wanted, another kids oriented movie from the top spot and also became the 13th straight Pixar movie to open as the strongest movie in the country.
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