Eli Lilly Continues to Climb and 4 Heavily Traded Shares Trading Today
Microsoft Corporation (NASDAQ:MSFT): According to The Inquirer, Microsoft Corporation has developed a wearable motion sensor to be worn on wrists that will allow users to control any device by waving their hands.
Ford Motor Company (NYSE:F): The founder of GM-Volt.com, a blog and social media website dedicated to Chevrolet’s extended range electric wunderkind, has announced that he is trading in his Volt for Ford Motor Company’s first plug-in hybrid, the upcoming C-Max Energi. Dr. Lyle Dennis told HybridCars.com that the four-seat Volt simply can’t keep up with his growing family that includes a wife and three kids. The C-Max Energi is a five-seat crossover that offers more passenger and cargo space than the Volt.
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Eli Lilly & Co. (NYSE:LLY): After researchers said combined results from two studies of their experimental Alzheimer’s drug suggested it might modestly slow mental decline, especially in patients with mild cases of the disease, the Indianapolis company’s shares gained more than 5% yesterday. Shares of Eli Lilly and Co. continued climbing today before markets opened, a day after the stock’s price topped $50, for the first time in more than four years.
General Electric Company (NYSE:GE): According to the Wall Street Journal, a number of companies are taking advantage of investors’ desire for yield by issuing more long-term bonds, this is in anticipation of reducing their refinancing needs in the coming years when interest rates are likely to rise. Dealogic data made a statement saying that investment grade companies have sold more 30 year bonds in the United States this year than in any full year since 1995.
Sprint Nextel Corporation (NYSE:S): T-Mobile USA took several digs at rival Sprint Nextel Corporation in an effort to bolster their bid to merge with the smaller cellphone company, MetroPCS Communications Inc. The comments came amid speculation that Overland Park based Sprint might make a counter offer for MetroPCS and their 9.3 million subscribers. Sprint has not responded to those reports and declined to respond to T-Mobile’s commentary.