Verizon’s Deal ON HOLD and 3 Dow Movers To Notice Now
Microsoft Corporation (NASDAQ:MSFT) operating systems were utilized in a bit more than 10 percent of domestic smartphone subscribers’ devices in June, according to 9to5Google, citing Nielson results. The top operating system in these devices was Google’s (NASDAQ:GOOG) Android operating system with 51 percent; next was 34 percent with Apple’s (NASDAQ:AAPL) iPhone, and 9 percent with Research In Motion’s (NASDAQ:RIMM) Blackberry.
Pfizer Inc. (NYSE:PFE): Some 16 emerging markets, including Brazil, China and Russia, will make up one third of worldwide drug expenditures within the next four years, and increasing spending in emerging pharmaceutical markets will drive the industry’s global sales growth by 2016, according to Bloomberg, citing a report by the IMS Institute for Healthcare Informatics.
Procter & Gamble Co. (NYSE:PG) should not be split in two, according to a source close to the firm, since there exists “real evidence that splitting could hurt them,” reports the New York Post. In addition, an advisor to consumer companies believes that activist investor Bill Ackman, whose Pershing Square purchased an undisclosed stake in P&G on Thursday, will probably push for a new board and chief executive.
Verizon Communications Inc. (NYSE:VZ): The Justice Department is delaying Verizon Wireless’s $3.9 billion deal to purchase cable company airwaves over worries that a related agreement will hurt competition for broadband Internet service, according to sources to the Wall Street Journal.
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