Ford’s CEO Situation, Google Upgrades Search Algorithm, and 3 More Hot Stocks
Ford Motor Co. (NYSE:F): Ford shares are trading down slightly as investors digest the news that current Ford CEO Alan Mulally is on the list for Microsoft’s (NASDAQ:MSFT) next chief. Mulally, who has been with Ford since 2006, is widely credited with turning the automaker around and managing its current strong performance.
Google Inc. (NASDAQ:GOOG): Google has given its core search algorithm its biggest update since 2010 just as the Web portal celebrates its 15th birthday. The update, known as Hummingbird, should provide better site rankings for complex queries in part by leveraging Google’s Knowledge Graph database, Seeking Alpha says. An engineer said that voice-activated searches spurred the need to update the algorithm, and voice searches are generally more complex than typed queries.
ConAgra Foods (NYSE:CAG): ConAgra has declared a 25 cent per share quarterly dividend, in line with its previous dividend. It has a forward yield of 3.28 percent and is payable on December 3, for shareholders of record on October 31. It has an ex-dividend date of October 29.
Chevron Corp. (NYSE:CVX): “You know a major corporation really cares about an appellate-court argument when they bring out one of the bar’s big guns. No gun is bigger than Theodore Olson,” Bloomberg reports. A former U.S. solicitor general and noted Supreme Court advocate, Chevron brought Olsen in to convince a three-judge panel to clear the way for a civil racketeering suit that the oil company wants to start next month against the plaintiffs’ attorney and environmental activist Steven Donziger.
Intel Corp. (NASDAQ:INTC): Intel’s venture capital unit has made a “significant” investment in Recon Instruments, a developer of heads-up display (HUD) products, though the terms remain undisclosed. Recon goes after niche markets like cyclists and skiers, unlike Google’s Glass. An Intel spokesman also stated that ”we’re actively working on multiple opportunities across wearables.”