Facebook Brings Cover Feed to Android, Dell Board Backs Founder’s Bid, and 3 More Hot Stocks
Facebook Inc. (NASDAQ:FB): With its Home ratings still only 2.4 out of 5 in the Play store, Facebook is putting one of its bigger-selling features – the lock screen news feed (or, officially, the Cover Feed) — on the regular Facebook Android app. “If Cover Feed makes Facebook fans happy and leads them to open the app more frequently, more eyeballs will land on News Feed ads,” TechHive points out. ”That means a bigger chunk of Facebook’s revenue will come from mobile ads.”
Dell Inc. (NASDAQ:DELL): Dell’s special committee has voiced its support of Michael Dell and Silver Lake’s revised offer, which now includes a 13 cents per share special dividend to go with a $13.75 per share purchase price. It also assures that Michael Dell’s 8 cents per share third-quarter dividend will be paid. Seeking Alpha notes that the committee has agreed to change the date of record for the deal — again — to August 13 and, more importantly, has changed the voting rules to count abstained votes as “no” votes.
Washington Post Co. (NYSE:WPO): The Washington Post has reported EPS of $8.47, over the $5.66 per share for the second quarter of last year. Revenues of $1.02 billion were 3 percent higher than the $989.1 million recorded last year, and TV broadcasting saw a 4 percent gain while education, paper newspaper publishing, and cable television saw modest declines.
Eldorado Gold Corp. (NYSE:EGO): Two misses (EPS of 6 cents, missing by 2 cents, and revenue of $266.9 million, missing by $10.56 million) have weighed on Eldorado shares. Production reached 183,971 ounces of gold at an average cash operating cost of $478 per ounce compared to 140,694 ounces at $480 per ounce in 2012. Gold sales hit 176,260 ounces at an average gold price of $1,382 per ounce versus 2012 sales of 132,919 ounces at an average gold price of $1,612.
Ford Motor Co. (NYSE:F): Ford raised $1 billion with the sale of 10-year bonds, which have a yield of 4.16 percent. Sources indicated to The Detroit News that the notes are expected to be rated Baa3 by Moody’s Investors Service. The proceeds from the sale will be used for general corporate purposes.