BofA Whips Up a Storm in Brazil, Google Talks Football, and 3 More Hot Stocks
Bank of America (NYSE:BAC): Brazil has halted its municipal bond market after banks including Bank of America walked away with a combined $140 million in fees from the first two borrowings. Bank of America earned $24 million, or 3.6 percent, by selling $662 million worth of notes backed by a loan to Maranhao state in July. Brazilian Treasury officials are now starting to demand terms to curb the profits while seeking to protect taxpayers from being exploited and to limit their own borrowing costs while alienating bankers in the process, Bloomberg says.
Google Inc. (NASDAQ:GOOG): Larry Page and YouTube content chief Robert Kyncl reportedly met with an NFL consortium that included commissioner Roger Goodell to discuss, among other things, the rights to the NFL’s Sunday Ticket subscription package. Currently, DirecTV (NASDAQ:DTV) pays $1 billion per year for the rights to Sunday Ticket, which is then pushed to its 20 million or so U.S. subscribers for about $45-$60 per month; the deal is set to expire at the end of next year.
Sony Corp. (NYSE:SNE): Sony executive Andrew House says that PlayStation 4 preorders have topped 1 million prior to the unit’s release date of November 15. To encourage PS3 users to upgrade, Sony says it will offer “significantly discounted” digital copies of PS4 titles to gamers who have already bought the PS3 versions, adding that there will be 33 titles available for the fourth generation console by year’s end.
Netflix Inc. (NASDAQ:NFLX): Netflix is making a somewhat significant UI change: The Instant Queue will soon be replaced with My List, a scrolling list of user-selected titles that appears near the top of the home page that uses an algorithm that guesses what content a user is mostly likely to watch. This is a departure from the manual entry that was needed for the Instant Queue.
Starbucks (NASDAQ:SBUX): The coffee retail giant has launched a pilot program for its ”handcrafted” sodas at stores in Atlanta and Austin, Texas, to see if a broader push into the carbonated beverage market is something the company wants to take on. Customers can even choose the level of carbonation in their drinks, suited to their own preferences. The company will know for sure if it wants to move ahead with a national rollout after the summer.