Sirius Partners with Nissan and 4 Heavily Traded Shares Trading Today
RadioShack (NYSE:RSH): RadioShack Corporation (NYSE:RSH) declined 8.82% to $2.79. The Company announced grand openings in Kuala Lumpur for their first two locations in Southeast Asia. These will be operated with master franchisee Berjaya RS Sd. Bhd., a subsidiary of Berjaya Retail Berhad, the Malaysian retailing conglomerate.
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Sirius XM Radio Inc (NASDAQ:SIRI): Today, Sirius XM Radio Inc., along with Nissan North America, announced that Nissan has chosen them to provide premium telematics facilities exclusively to Nissan branded automobiles.
Sprint Nextel Corporation (NYSE:S): Chief Executive Officer Heins said carrier testing of BB10 will begin next month.
Facebook Inc (NASDAQ:FB): According to Digitimes, Taiwan based notebook original design manufacturers expect strong revenue growth from their cloud computing segments in 2013. Microsoft (NASDAQ:MSFT), Facebook Inc., Baidu (NASDAQ:BIDU) and KDDI Corp., (KDDIF) were among those placing orders with Wiwynn, Wistron’s cloud subsidiary.
Staples, Inc. (NASDAQ:SPLS): Staples Inc., expects to record a pre-tax cash charge in the range of $15 million to $20 million during the third quarter of 2012. They are expecting to rebrand their Australian business as it continues to move towards one global brand. As a result, Staples plans to record a $20 million pre-tax non-cash charge related to accelerated trade name amortization by the end of fiscal year 2012. They also anticipate repurchasing common stock through open-market purchases that are expected to total approximately $450 million during fiscal year 2012 as well as repay their outstanding $325 million Senior Notes that are due October 2012. The company remains fully committed to returning excess cash to stakeholders, is focused on maintaining their current investment grade credit rating and has plans to return more than $1 billion of cash to stakeholders during fiscal this year.
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