Ford’s Charging Initiative, Sears Plans Loan Facility, and 3 More Hot Stocks
Ford Motor Co. (NYSE:F): Ford revealed that it will be setting up electric vehicle charging stations for employees at more than 50 facilities in North America, adding that it wants to support growing the nation’s electric vehicle infrastructure in order to help make EV use more practical. Under the initiative, employees at all types of Ford facilities will get up to four hours of plug-in time per day, free of charge.
Sears Holding Co. (NASDAQ:SHLD): Sears intends to secure a senior term loan facility of up to $1 billion, and will use the funds generated to reduce borrowing under its current revolving facility arrangement.
Dish Network Corp. (NASDAQ:DISH): Dish agreed to withdraw plans to use its airwaves for a high-powered national TV service after hearing concerns that it could cause interference with other systems. The move could push up the value of Dish’s spectrum holdings by as much as $1 billion (by analyst estimates), and, in return, Dish is seeking technical changes that would allow its spectrum to be used for downloading of information, which would pose fewer risks to system interference.
Vodafone Group PLC (NASDAQ:VOD): The Financial Times is reporting that Vodafone would be interested in acquisitions in India once the government can settle on merger rules that notably include laws relating to the transfer of telecom spectrum between companies. Marten Pieters, Vodafone’s country chief, says he expects the legal clarifications to come later this year. Vodafone also continues to plan to list its India unit in the country, though, again, only when the spectrum policy is laid out.
NASDAQ OMX Group (NASDAQ:NDAQ): CEO Robert Greifeld, despite the technical fiasco of Facebook’s bumbled initial public offering in May 2012, has the ”full confidence” of Nasdaq’s board in his mission to expand the exchange into new businesses like bond trading and corporate services. While the negatives have been a prominent bruise on the exchange (i.e., a three-hour blackout in August), Nasdaq shares have jumped almost fivefold since Greifeld became CEO in May 2003, versus a 79 percent rise in the S&P 500, Seeking Alpha notes.