Ford Rumbles Market Engines Higher as Facebook’s Tires Deflate
General Electric Company (NYSE:GE) has entered a deal with Brazilian medical equipment maker XPRO, according to Reuters. In a Sao Paulo press conference GE Healthcare Head of Acquisitions Fernando Bertoni abstained from providing details on the transaction, but noted it was a “significant amount.”
Microsoft Corporation (NASDAQ:MSFT) is beginning a pilot program to provide Xbox subscriptions at Best Buy (NYSE:BBY) retailers and some GameStop (NYSE:GME) stores for the same $99 pricing plan offered in its own stores. This is apparently a larger commitment from Microsoft to adjust the subscription-based model where it will compensate for subsidized up-front hardware costs over time.
Featured Reading: Is Microsoft a Step Behind the New Home PC Race?
Windows and Intel (NASDAQ:INTC) are at Computex Taipei, presenting on somewhat divergent topics: Windows its Windows 8, and Intel on its ultrabook platform and goal to hit mainstream price points by the end of the year as economies of scale come to pass, Digitimes reports.
Facebook Inc (NASDAQ:FB): Co-founders of Napster Shawn Fanning and Sean Parker (also an ex-president of Facebook) are debuting Airtime, a video chat provider that links strangers with overlapping interests. Setting it apart from the notorious Chatroulette, this service mandates that users log on through Facebook in the hope that this step will prevent inappropriate behavior. Combining this with its partnership with Skype, Facebook could be closer to being the world’s number one videoconferencing hub.
Investing Insights: Can Facebook and Groupon Survive the PUMP and DUMP?
Additionally, big-time startup incubator Y-Combinator Paul Graham cautions that Facebook’s lackluster IPO showing and its following fallout “will hurt the funding market for earlier stage startups.” Graham predicts following popular startups may be forced to settle for funding rounds with lower valuations than before.
Ford Motor Company (NYSE:F): There is “no need,” Chrysler Group LLC (FIATY) CEO Marchionne says, for his company to follow fellow automakers GM (NYSE:GM) and Ford (NYSE:F) in proffering white collar pension buyouts, according to Reuters.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.