Sirius XM Will Host Baseball Giant Joe Torre and 2 Other Hot Stocks to Watch
Sirius XM Radio Inc. (NASDAQ:SIRI): Current price $3.67
On Tuesday, Sirius XM radio announced that Joe Torre, Major League Baseball’s executive vice president of Baseball Operations, nine time All-Star and four time World Series Champion manager, will participate in an exclusive question and answer session with an audience of SiriusXM listeners at the SiriusXM Studios in New York City on November 18, as part of SiriusXM’s exclusive Town Hall series. Torre will field questions from SiriusXM subscribers in the audience and discuss his experiences throughout his three decade career as a player and manager, his current role in Baseball Operations, and his work with the Joe Torre Safe At Home Foundation.
ARIAD Pharmaceuticals Inc. (NASDAQ:ARIA): Current price $2.34
Johnson & Weaver LLP has brought a derivative lawsuit aimed at holding certain ARIAD officers and directors responsible for the damage they allegedly caused the firm to suffer. Specifically, the complaint says that these individuals breached their fiduciary duties and violated other laws connected with their representations about the safety and commercial viability of ARIAD’s leukemia drug Iclusig. As a result of this, ARIAD’s credibility and goodwill is said to have been damaged, along with the company’s market capitalization, and is now the subject of a securities fraud class action and will likely incur substantial costs in investigating and litigating that action.
Intel Corp. (NASDAQ:INTC): Current price $24.40
Chatter in October held that Intel was in discussions with Verizon to divest its stalled web TV project, presumably named OnCue, which had been set to launch in 2013. However, three inside sources have told Bloomberg that Intel is involved with at least one more interested party, the telecom major Liberty Global, which bought Virgin Media in the spring. According to one of the persons, the company has plans to employ the online television service overseas.