Another French Probe for Apple, J.C. Penney Hits 12-Year Lows, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): French authorities have opened yet another investigation into Apple’s business practices as the country’s finance ministry begins probing the contracts between Apple and its French carrier partners, AppleInsider reports. However, the new investigations are apparently unrelated to the antitrust probes that France has initiated on Apple in the past; the new probes add to a similar investigation by the European Union.
J.C. Penney (NYSE:JCP): J.C. Penney shares are tanking more than 12 percent as nothing but bad news for the company continues to weigh on the stock. Cleveland Research says its channel checks show that Penney’s third-quarter sales are weak, and it isn’t predicting positive comparable-store sales growth for the fourth quarter. And though Goldman Sachs is deeply entrenched in the J.C. Penney mess with loans and investment banking advice, that isn’t stopping the firm from issuing an urgent report Wednesday morning that’s doing no favors for investor sentiment, Seeking Alpha points out.
Boeing Co. (NYSE:BA): Norwegian Air executives are scheduled to meet with Boeing officials on Wednesday to discuss the repeated technical problems with the carrier’s two Dreamliners. Norwegian has suffered repeated malfunctions in recent weeks on its two new 787s, ranging from electrical to hydraulic faults, which forced the budget carrier to ground the aircraft several times.
AT&T (NYSE:T): AT&T CEO Randall Stephenson says that the company is unlikely to launch efforts aimed at buying Dish Network (NASDAQ:DISH) due to the current regulatory environment. Instead, AT&T will likely turn its attention to acquisitions in Europe, where it is already exploring the notion of purchasing British telco giant Vodafone. A deal between Dish and AT&T was widely speculated as a strategic option for the carrier.