Ford Debuts Its 1st Dealership in Myanmar and 2 Other Hot Stocks to Watch
Ford Motor Co. (NYSE:F): Current price $17.02
On Friday, Ford launched its first authorized Ford dealership in Myanmar. Located in Yangon (formerly Rangoon), Myanmar’s commercial center, the new cutting-edge facility officially establishes the footprint of the Ford brand and global vehicles in the rapidly developing country. Ford became the first worldwide automaker to announce its official entry into the Myanmar market back in April via an accord with the RMA Group, an emerging markets specialist with operations spanning Asia and Africa, and Capital Automotive Ltd., a subsidiary of Myanmar conglomerate, Capital Diamond Star Group.
Saks Inc. (NYSE:SKS): Current price $16.01
Saks is poised to see a jump in sales, and has recently opened the official website of its namesake brand, Saks OFF 5TH. The luxury retailer already sells its products via saks.com, and has launched another e-commerce website, saksoff5th.com, which became operational on September 30. Having more than 70 stores spanning the United States, Saks OFF 5TH enables the customers to shop online the same men’s and women’s designer apparel collections as found in-store at nearly a 55 percent discount.
Yahoo! Inc. (NASDAQ:YHOO): Current price $34.56
On Thursday, a lawsuit was filed in federal court in San Jose against Yahoo, concerning allegations that its scanning of e-mail messages for targeted advertising invades users’ privacy, breaching state and federal wiretap statutes. The lawsuit was brought on behalf of residents of San Bruno and seeks class-action status.
The suit was filed one week following United States District Judge Lucy H. Koh’s refusal to dismiss a similar suit against Google Inc. According to the complaint, the interception of “any and all incoming electronic communications or e-mails to Yahoo! Mail users” is used to profit from “targeted advertising, profiling, data collection, and other Yahoo! Services unrelated to Yahoo! Mail.”