Target Launches Ticket, BlackBerry Slides Further, and 3 More Hot Stocks
Target Corp. (NYSE:TGT): Target introduced a new digital Target Ticket on Wednesday as it looks to fill a role as a streaming option for family friendly content. Target’s streaming service will feature more than 30,000 titles with rentals as low as 99 cents for a 48-hour viewing window, longer than some rival services. The service will also offer 10 free downloads on certain movies for new users.
BlackBerry (NASDAQ:BBRY): BlackBerry shares are selling off as sources tell The Globe And Mail that Prem Watsa is pitching his buyout offer as a deal that would be financed with $3 billion-plus in bank loans and $1 billion in equity from institutions to go with Fairfax’s own 9.9 percent BlackBerry stake. If the equity fails to materialize, though, a bridge loan would be formed that would later be repaid via BlackBerry’s cash balance.
Deutsche Bank AG (NYSE:DB): Deutsche Bank’s co-CEO said the bank expects a “significant” drop in third-quarter trading revenue while speaking at Bank of America Merrill Lynch’s Banking and Insurance Conference in London. The news isn’t unexpected, as Citigroup issued a similar statement last weekend, while Jefferies is predicting a weak quarter, trading-wise.
Intel Corp. (NASDAQ:INTC): Intel has declared a 22.5 cents per share quarterly dividend, in line with its previous dividend. It has a forward yield of 3.8 percent, and is payable on December 1 for shareholders of record on November 7. It has an ex-dividend date of November 5.
Royal Dutch Shell (NYSE:RDSA): Shell will be suspending the exploration drilling off French Guiana until 2015 after three unsuccessful wells, according to a partner in the project. Tullow Oil made the first oil find off the northeast coast of South America with its Zaedyus well in 2011; Shell’s partners, including Total SA (NYSE:TOT) and Wessex Exploration PLC, have sunk at least $800 million in investments to drill four further wells, as the first three failed to find commercial resources.