Apple and Google’s Relationship is On the Mend and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): Apple’s relationship with Google (NASDAQ:GOOG), which has had its share of rough spots in the past, has reportedly improved over the past year — at least according to Google Executive Chairman Eric Schmidt. Though he was scant on the details, Schmidt indicated that the two companies had ”lots and lots” of meetings, and are in “constant business discussions on a long list of issues.” It’s an interesting relationship, to say the least: Despite their spats, the two companies remain dependent on the other on numerous levels.
Chevron Corp. (NYSE:CVX): Canada’s National Energy Board has denied Chevron’s effort to secure priority access to oil shipped on the Trans Mountain pipeline for its British Columbia refinery, saying the existing supply sources are adequate. Difficulties making sure that Chevron could source enough oil using the often overbooked pipeline had spurred the oil company to seek a secured supply for its 55,000 barrel-per-day refinery.
Darden Restaurants (NYSE:DRI): The company announced plans to expand the number of franchise locations in Latin America for its Red Lobster, Olive Garden, and LongHorn Steakhouse chains through partnerships with local firms Grupo Piramide and Dosil S.A.
Athenahealth Inc. (NASDAQ:ATHN): Shares are on a tear of more than 17 percent after an 8-K filing submitted Friday revealed that Ascension Health Alliance will “deploy ATHN’s cloud-based services to over 4,000 providers and make the services available to their affiliates.”