Microsoft’s Xbox One Garners Early Praise, Sears’s Rough Quarter, and 3 More Hot Stocks
Microsoft Corp. (NASDAQ:MSFT): Early reviews for Microsoft’s Xbox One have generally been positive, as Polygon says that it “feels like it’s from the future,” and The Verge commends the One’s launch titles and is impressed with the ability of Kinect voice commands to enhance gameplay. However, the next-generation Kinect “isn’t a fully realized product yet,” Polygon says, adding that the One’s design “lacks the profile and space-saving considerations of the PlayStation 4 — or even the original Xbox 360.”
Sears Holdings Corp. (NASDAQ:SHLD): Sears has reported earnings per share of -$2.88, beating by 1 cent, while revenue of $8.27 billion missed expectations by $0.12 billion. The retailer spoke mostly of its transformation to a “member-centric” company while explaining its third-quarter results, though any transformation is still deep in progress. Comparable-store sales fell 3.1 percent at U.S. stores, made up of a 2.1 percent drop at Kmart locations and a 4 percent decline at Sears Domestic.
KKR & Co. (NYSE:KKR): KKR has used Europe’s economic misfortune to its benefit and led a consortium to pick up the distressed Winoa Group from LBO France for an undisclosed sum. The acquisition will allow KKR to recapitalize the company through a substantial reduction in debt and enable access to funds for new growth.
DuPont (NYSE:DD): DuPont has agreed to sell its Glass Laminating Solutions and Vinyls business to Kuraray for $543 million plus the value of the inventories. The deal is slated to close in the first quarter of next year; the business is a leading supplier of polyvinyl butyral and ionomer sheets for safety glass, as well as vinyl acetate monomer and polyvinyl alcohol products used in a range of architectural, automotive, and industrial applications.
Statoil ASA (NYSE:STO): Statoil’s Njord A platform is may potentially be scrapped just 16 years after it was installed at the Norwegian Sea field as Statoil continues to struggle with some significant structural issues on the facility. Production at the field has been halted and is unlikely to restart until the middle of next year, after Statoil makes the necessary structural improvements to the rig.