Intel Ponders Future of Media Unit, Merck Commits to Zilmax, and 3 More Hot Stocks
Intel Corp. (NASDAQ:INTC): Rather than bringing its Web-based TV service to market on its own, AllThingsD is reporting that Intel is exploring the possibility of turning the project over to Verizon Communications (NYSE:VZ). While the talks are supposedly in advanced negotiations, “it’s unclear whether Verizon would take control of the entire Intel Media unit, or if Intel would retain a piece of the Web TV project or a say in its operations,” AllThingsD reports.
Merck & Co. (NYSE:MRK): Merck is intending to resume sales of the Zilmax animal feed additive in the United States and Canada after the company completes an audit of how the controversial product is used. The product was put on a sales hold after Tyson Foods said it would stop accepting Zilmax-fed beef back in August, given that some cattle were observed arriving for slaughter with signs they were having difficulty walking or moving.
Baidu Inc. (NASDAQ:BIDU): Shares of Baidu have opened higher after Jefferies hiked its rating to a Buy with a Street-high $222 per share price target following the company’s strong quarter results. Revenue per online ad customer surged 18.6 percent over last quarter and 19.4 percent year over year, though active customer accounts fell 0.9 percent. All told, earnings per share of $1.48 beat by 5 cents as revenue of $1.45 billion beat by $10 million.
Goldman Sachs (NYSE:GS): Since its privatization, the U.K.’s Royal Mail has seen a 62 percent surge, leading the U.K. governing body to believe that the underwriters of the launch — Goldman Sachs and UBS (NYSE:UBS) — may have cheated it. The two banks are scheduled to appear in a hearing next month, where representatives of other banks — which valued the Royal Mail at far more but didn’t get a piece of the pie — may also make an appearance.