News Corp. Trades the East End for The Shard and 2 More Heavily Traded Stocks To Follow
News Corp. (NASDAQ:NWSA): Current price $14.67
Rupert Murdoch’s News Corp. will soon no longer be an East Ender, as it is leaving its location in Wapping, a former east London industrial area, for a new home nearby The Shard, the capital’s tallest skyscraper. In a statement, the film, television, and publishing conglomerate announced it was pulling its United Kingdom newspapers from Wapping, which was the center of one of the most bitter industrial disputes in recent British history, when Murdoch moved his newspaper operation there from its home on Fleet Street in 1986. At that time, the move weakened Britain’s printing unions and set the stage for a modernized newspaper industry there.
Intel Corp. (NASDAQ:INTC): Current price $23.94
The world’s number-one semiconductor maker is now endeavoring to place its server chips into machines that help take smartphone data closer to users. Intel is presently readying a trial with Nokia Siemens Networks Oy and South Korea’s SK Telecom Co., where its chips are being employed in base stations: wireless network antennas that include computers. The aim is to assuage the congestion caused by a big boom in demand for data and services, according to Intel Vice President Rose Schooler. The current effort represents another attempt to outweigh the impact that mobile devices are seeing on the personal computer market, which brings in the majority of revenue. In the first quarter, Intel’s server chip business increased sales by 7.5 percent to $2.59 billion, versus a 6 percent slump in sales of PC chips to $7.99 billion.
Tesla Motors Inc. (NASDAQ:TSLA): Current price $127.26
Chief Executive Elon Musk will reveal designs for a solar-powered inter-city passenger transport system by August 12. Musk said in Twitter posts on Monday that the technology behind the system will be a “breakthrough,” adding he will be “happy to work with the right partners” as he is searches for “critical feedback” on the system, and will publish it as open source. The CEO previously said that the so-called Hyperloop would be twice as fast as airplane travel, and less expensive than high-speed rail. Musk serves as chairman of SolarCity Corp., the rooftop power producer whose value has more than quadrupled in 2013.