Services Sector Review: Google Cloud Discount, Wal-Mart Backs UltraViolet
The Bon-Ton Stores, Inc. (NASDAQ:BONT): Sees FY12 SSS up 1%-2%. Sees FY12 EBITDA $180M-$200M. Sees FY12 gross margin 36.5%-37.1%, CapEx not to exceed $70M, tax rate 39%.
The shares closed at $6.98, up $1.73, or 32.95%, on the day. Its market capitalization is $137.52 million.
Lincoln Educational (NASDAQ:LINC): Company says it is “currently purusing a number of small acquisitions and program extensions” to drive growth in core markets, increase percentage of non-Title IV cash and improve outcomes.
The shares closed at $7.67, down $0.38, or 4.72%, on the day. Its market capitalization is $173.53 million.
Netflix, Inc. (NASDAQ:NFLX): Netflix (NASDAQ:NFLX) CEO Hastings has met with some major U.S. cable companies recently to discuss adding the online movie streaming service to their cable offerings, sources say, Reuters reports. Sprint Nextel (NYSE:S) plans to end a network sharing agreement with billionaire Philip Falcone’s LightSquared wireless venture as soon as next week, sources say, Bloomberg reports.
The shares closed at $105.19, down $1.94, or 1.81%, on the day. Its market capitalization is $5.83 billion.
Amazon.com, Inc. (NASDAQ:AMZN): Google (NASDAQ:GOOG) has announced cuts of up to 15% off its cloud storage service, announcing a serious intent to keep abreast of Amazon (NASDAQ:AMZN) and others in the emerging market, according to Giga Om.
The shares closed at $183.77, up $2.68, or 1.48%, on the day. Its market capitalization is $83.63 billion.
Wal-Mart Stores, Inc. (NYSE:WMT): Wal-Mart (NYSE:WMT) will announce its support for the UltraViolet digital movie technology backed by five of Hollywood’s six major studios at a media event next Tuesday, reported The Los Angeles Times, citing people familiar with the matter.
The shares closed at $59.86, up $0.9, or 1.52%, on the day. Its market capitalization is $205.00 billion.
Lowe’s Companies, Inc. (NYSE:LOW): Deluxe (NYSE:DLX) announced a partnership with Lowe’s (NYSE:LOW) to provide U.S. small business owners with access to tools and services that help them manage and market their organization. Lowe’s commercial customers are now linked to Deluxe’s products and services via the LowesforPros.com website.
The shares closed at $28.87, up $1.03, or 3.7%, on the day. Its market capitalization is $35.83 billion.
Google Inc. (NASDAQ:GOOG): Google (NASDAQ:GOOG) looks set to begin offering audio books and magazines through its new Google Play website, according to Techcrunch. Empty pages titled Audio Books and Magazines and journals have been placed in Android’s online store, called Google Play, the publication reported.
The shares closed at $606.80, up $1.84, or 0.3%, on the day. Its market capitalization is $197.29 billion.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Stella Mariz at firstname.lastname@example.org.
To contact the editor responsible for this story: Damien Hoffman at email@example.com.