Google Investigated for Anti-Trust Violations and 4 Morning Hot Stocks Attracting Attention
While the SEC investigates whether Facebook (NASDAQ:FB) IPO misrepresented or omitted any material information, and so does a Senate Banking Committee, Bloomberg is out with a report that details how the SEC had to repeatedly prod the company into providing relevant information for its IPO. With Facebook’s stock having lost 45% through October 5, many of these issues, such as mobile monetization, are haunting investors again.
Though the Federal Trade Commission has been investigating Google’s (NASDAQ:GOOG) search and search advertising businesses for anti-trust violations, it has expanded that focus to include Google’s and its subsidiary Motorola’s practices relating to standard essential patents. According to a report in the NYT, the commission has sought information from Google and and competitors such as Microsoft and Apple by issuing subpoenas. Google on Tuesday: “We take our commitments to license on fair, reasonable and nondiscriminatory terms very seriously, and we are happy to answer any questions.”
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Groupon (NASDAQ:GRPN) launches its nationwide point-of-sale Breadcrumb service for restaurants. A sales, order management and reporting system, Breadcrumb runs on iPads, and establishments are charged a monthly fee based on the number of iPad terminals in use.
Faulty window switches in car models such as the Yaris, Corolla and Camry have led to Toyota (NYSE:TM) issuing a massive recall of over 7.43 million cars across the globe. BBC quotes Toyota’s customer service services director as saying: “What we’re talking about is the power switch on the driver’s door and there is a very, very outside chance that there could be melting inside the switch. But there are some vehicle agencies around the world that interpret melting as fire. We’ve no evidence of fire and our engineer testing of this item doesn’t reveal any chance of fire.”
Hair care appliances manufacturer Helen of Troy Limited (NASDAQ:HELE) reports second-quarter EPS of $ 0.72 which falls short of expectations by $ 0.14, while revenues at $ 287.4 million also misses by $ 23 million.
Don’t Miss: Is Humbled Apple Ripe to Buy?