Yahoo! Releases Its Report on Law Enforcement & Data and 2 More Heavily Traded Stocks to Follow

Yahoo! Inc. (NASDAQ:YHOO): Current price $28.18

Yahoo’s first transparency report on law enforcement and data indicates that the company has not joined any program or offered any of its users’ data to governments. The firm said that its legal department requires that the government’s data requests be made via “lawful means.”

During the first six months of 2013, Yahoo received 12,444 United States government data requests, and 2 percent of those requests were turned down, and 6 percent had no data found. Content was disclosed for 37 percent of those requests and only noncontent data, like basic subscriber information that included data captured at the point of registration, were disclosed for 55 percent of the requests.

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JPMorgan Chase & Co. (NYSE:JPM): Current price $52.55

Johnson & Johnson has commenced the sale process for its Ortho Clinical Diagnostics division, which manufactures blood screening equipment and laboratory blood tests, which might bring about $5 billion, according to three inside sources on Friday.

J&J has hired JPMorgan Chase & Co. to conduct the divestiture and is getting ready to send detailed financial information in the coming weeks to potential suitors, including some of the biggest private equity firms on the planet and several healthcare firms. The sources reported that early estimates suggest that the unit’s earnings before interest, tax, depreciation, and amortization come to between $400 million and $500 million, implying a possible valuation of about $5 billion.

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Quicksilver Resources Inc. (NYSE:KWK): Current price $1.69

Quicksilver continues to follow its strategy to divest assets at a favorable price and employ the proceeds for future development, as it closed its previously reported Montana asset sale on Aug 30 to Synergy Offshore LLC. The effective date of this transaction was Jan 1, 2013. Considering $4 million of Synergy’s ratable share of output and operating expense from the effective date and the actual closing date, the net proceeds of the sale amounted to $42 million. Quicksilver will use the proceeds to lower the amounts outstanding under its combined credit agreements.

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