Microsoft is Getting Sassy and 2 Dow Movers To Watch
Microsoft Corporation (NASDAQ:MSFT): Closing Price $28.98
Vice President Terry Myerson of the Windows Phone division said that its Windows Phone operating system has an opportunity to entice Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) users, since it offers a more exciting and smoother experience, according to Bloomberg. Myerson called Apple’s iOS software “boring,” with icons across the bottom that offer sparce information or flexibility at a conference in New York, adding that Google Android is “a mess,” with too many different versions of the operating software in use. Microsoft wants to make inroads with Windows Phone to exploit increasing demand for devices, and had 2.6 percent of the smartphone operating system market in the fourth quarter, says the research firm IDC, up from 1.5 percent year-over-year from 2012. That figure lagged Android’s by 70 percent, iOS’s 21 percent, and BlackBerry’s (NASDAQ:BBRY) 3.2 percent.
Pfizer (NYSE:PFE): Closing Price $30.97
The Swiss food major Nestle will divest the assets of Pfizer’s baby food unit in Mexico, a business it purchased globally in an $11.85 billion transaction in 2012, reported Mexico’s competition watchdog to Reuters. Mexico’s Federal Competition Commission, which in November turned down the merger as it would give Nestle excessive power in the baby food market, said that it must also license the Pfizer brands for 10 years to the company that buys the assets. Beyond that, Nestle will not be permitted to operate Pfizer’s baby food brands for 20 years, but it can keep the license for Pfizer’s Maternal products, which include multivitamins for women and which do not compete with any Nestle business.
The Coca-Cola Company (NYSE:KO): Closing Price $42.38
Coke posted a smaller-than-anticipated decline in first-quarter profit on Tuesday, and said that world volumes improved in major developed markets such as the United States and Japan. Meanwhile, Coca-Cola reported it is selling some territory held by its company-operated bottling system to five independent bottlers, through which to streamline the business and focus upon “expanded territories.” Coca-Cola reported a quarterly net income on Tuesday of $1.75 billion, or 39 cents a share, which was down by 15 percent when compared year-over-year with $2.05 billion, or 45 cents. However, excluding one-time items, the beverage king said it earned 46 cents, surpassing average analyst estimates in a Thomson Reuters poll by one cent.
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