Services Sector Review: Big Amazon Deal, Buffalo Wild Wings

Buffalo Wild Wings (NASDAQ:BWLD) is launching a second phase of a pilot program which gives customers access to Apple (NASDAQ:AAPL) iPads, after working out technical issues at one of its Toronto restaurants, reported Computerworld, citing the company’s director of international business.

The shares closed at $82.19, up $12, or 17.1%, on the day. Its market capitalization is $1.51 billion.

Multi-Color Corporation (NASDAQ:LABL): In January, the company announced plans to consolidate its manufacturing facility located in Kansas City, Missouri into its other existing facilities. The transition will begin immediately with final plant closure within the next several months. In connection with the closure of the Kansas City facility, the Company expects to record a charge in the range of $1M-$2M in the fourth quarter of fiscal 2012 for employee severance and other termination benefits, non-cash charges related to asset impairments and relocation and other costs.

The shares closed at $21.80, down $1.11, or 4.85%, on the day. Its market capitalization is $351.68 million.

Google Inc (NASDAQ:GOOG) plans to send a letter to standards organizations reassuring them that it will license Motorola Mobility Holdings (NYSE:MMI) patents on a fair and reasonable basis, sources say, reports Bloomberg Businessweek.

The shares closed at $609.85, up $3.08, or 0.51%, on the day. Its market capitalization is $198.28 billion.

Amazon.com, Inc. (NASDAQ:AMZN) is on the verge of announcing a Web video deal with Viacom (NYSE:VIA), Reuters reports. The deal could be unveiled as early as this week, two people familiar with the matter say. Major studios like CBS (NYSE:CBS), Warner Bros (NYSE:TWX), Fox (NASDAQ:NWSA) and Sony (NYSE:SNE) have all licensed programming to the retailer.

The shares closed at $185.48, up $1.29, or 0.7%, on the day. Its market capitalization is $84.41 billion.

The Walt Disney Company (NYSE:DIS): Coinstar drops after rally yesterday, Disney comments on rental window – Coinstar (NASDAQ:CSTR) is retreating following yesterday’s rally after Disney (NYSE:DIS) said that it would seek to make other companies wait 28 days before renting DVDs and Blu-ray versions of its movies to consumers. “We are in discussions to go to the 28-day window to not sell directly our physical {movies} to {rental companies} unless they adhere to a 28-day window,” said Disney CEO Robert Iger yesterday. Meanwhile, Iger added that, after reading an article about the deal between Verizon (NYSE:VZ) and Coinstar (NASDAQ:CSTR) four times, he doesn’t understand what the companies are offering. In a note to investors today, B. Riley expressed optimism that Coinstar could either operate effectively under a 28 day Disney window, or implement an advantageous workaround. The firm recommends buying the stock on weakness. In mid-morning trading, Coinstar fell $1.02, or 1.77%, to $56.51.

The shares closed at $41.27, up $0.29, or 0.71%, on the day. Its market capitalization is $73.86 billion.

Intl. Business Machines (NYSE:IBM): DemandTec (NASDAQ:DMAN) entered into a memorandum of understanding regarding the settlement of a putative class action lawsuit filed in the Superior Court of California in response to the announcement of a merger agreement between DemandTec and International Business Machines (NYSE:IBM), the company disclosed in a regulatory filing. Under the terms of the MOU, DemandTec, the other defendants and the plaintiff have agreed to settle the suit and release the defendants from all claims relating to the merger, subject to approval by the court. The settlement will not affect the consideration to be paid to DemandTec’s stockholders in connection with the merger or the timing of the special meeting of DemandTec’s stockholders, which is scheduled for February 14.

The shares closed at $192.95, up $0.35, or 0.18%, on the day. Its market capitalization is $227.41 billion.

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