BofA Introduces Dashboard Analytics and 2 Other Hot Stocks to Watch
Bank Of America Corp. (NYSE:BAC): Current price $14.91
Bank of America Merrill Lynch has debuted Dashboard Analytics, which is a new module on the Global Reporting and Account Management system available to commercial card clients, in over 70 countries and in 21 languages. This new tool will assist senior-level executives and treasury departments make better informed decisions to enhance their working capital, negotiate better terms with important suppliers, and make compliance with company travel policy easier.
Yahoo! (NASDAQ:YHOO): Current price $27.91
Dan Loeb is selling two-thirds of his hedge fund’s position in Yahoo! and resigning from its board. Loeb’s Third Point hedge fund is divesting 40 million shares back to Yahoo! at a total price of $1.16 billion, and will for the time being retain 20 million shares, bringing the value of Loeb’s position in Yahoo! to around $1.7 billion. Loeb began buying the shares in August 2011 for some $13 apiece. Yahoo! is buying back Loeb’s stock at $29.11 per share, which was the closing price on Friday, so the stock has returned 124 percent in the period. In late-morning trade, shares are down more than 4 percent.
Himax Technologies Inc. (NASDAQ:HIMX): Current price $6.93
Google Inc is taking a 6.3-percent interest in Himax Display Inc., a division of Himax that creates display tech for devices like Google Glass. This investment will assist in paying for the production of liquid crystal on silicon chips and modules employed in head-mounted devices, such as head-up displays, Google Glass, and pico-projectors, according to a Himax statement. Since Google posted lower-than-anticipated results last week, it is moving Google Glass forward. Chief Executive Larry Page termed the product as vital to the firm’s future. The new arrangement permits Google to hike its interest in the division to 14.8 percent within one year.