Ford OPENS New Plant and 4 Hot Stocks Seeing Action
Nokia (NYSE:NOK) intends to begin selling its new smartphone, possibly its last chance to enter the most profitable part of the mobile phone market and secure its future, in November, European telecoms operators reported on Friday. The Lumia 920, which runs on Microsoft (NASDAQ:MSFT)’s Windows software, is Nokia’s offer to catch up with Apple (NASDAQ:AAPL)’s iPhone along with various other admired phones using Google’s Android software, such as Samsung’s Galaxy models.
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Ford (NYSE:F) celebrates the opening of a new era at Flat Rock Assembly Plant, new U.S. production home of the 2013 Ford Fusion, and the iconic Mustang Supporting its Fusion production growth plans. Ford is to add 1,200 jobs, a second production shift, and is to invest 555 million, taking full management control of the former AutoAlliance International plant.
Michael Kors Holdings Ltd (NYSE:KORS) (the “Company”) announced the filing of a registration statement on Form F-1 with the Securities and Exchange Commission (the “SEC”) regarding the proposed public offering of 20,000,000 ordinary shares by certain selling shareholders. Furthermore, the selling shareholders are to grant the underwriters a 30-day option to purchase as much as an additional 3,000,000 ordinary shares. Shares of Michael Kors Holdings Ltd are trading 4.03% lower today.
Heckmann Corporation (NYSE:HEK) has completed the acquisition of a majority interest in Appalachian Water Services. AWS is to operate as an integral part of Heckmann’s fluid management solutions strategy. Terms of the transaction have not been revealed. Shares of Heckmann Corporation are trading flat today.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) declared on Friday that adjusted earnings of 28 cents per share in the Q1 of fiscal 2013, evaluated with 4 cents per share in the previous year’s quarter. The firm’s results were 55.5 percent higher than the Zacks Consensus anticipates of 18 cents. The firm declared that net sales of $136 million in the relevant quarter, increased 48.3 percent from $91.7 million in the previous year’s quarter. The year-over-year growth was pushed by strong sales of the M&P product platform. Shares of Smith & Wesson Holding Corporation are trading 3.38% higher today.
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