Apple’s Tentative E-Book Sanctions, Anheuser Under DoJ and SEC Probe, and 3 More Hot Stocks

Apple Inc. (NASDAQ:AAPL): The Department of Justice wants Apple to end its existing deals with five top book publishers, and to “refrain for five years from entering new e-book distribution contracts which would restrain Apple from competing on price.” The DoJ added that it hopes the company will be ”prohibited from again serving as a conduit of information among the conspiring publishers,” and that Apple will not be allowed to enter into content deals likely to raise competitor content prices.

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Anheuser-Busch Inbev (NYSE:BUD): The Department of Justice has been busy — it’s now getting involved in a Securities and Exchange Commission investigation into the business dealings of Anheuser Busch InBev’s partnerships in India. The brewing company has allegedly been in violation of rules associated with the Foreign Corrupt Practices Act, which bars the use of bribes to foreign officials for business purposes.

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Viacom Inc. (NYSE:VIAB): Shares of Viacom are racing in the wake of an announcement that the media titan will be doubling its its buyback program, to $20 billion, as earnings per share of $1.29 missed by 1 cent and revenues of $3.69 billion beat by $0.11 billion. The company cited the success of Star Trek: Into Darkness and World War as crucial touch points during the quarter.

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Goldman Sachs Group Inc. (NYSE:GS): Former Goldman Sachs trader Fabrice “Fabulous Fab” Toure has been found liable on six out of seven counts of civil fraud for his role in a sub-prime mortgage bond that cost investors an estimated $1 billion. Toure sold the bond in 2007, failing to disclose that the Paulson & Co. hedge fund — instrumental in the deal’s construction — also bet that it would fail.

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Toyota Motor Corp. (NYSE:TM): Shares are on a 6 percent-plus tear after Toyota posted net profits of 562.19 billion yen ($5.6 billion), nearly twice the 290.35 billion yen from a year earlier. The consensus called for 441.5 billion yen. Revenue leapt 13.7 percent to 6.255 trillion yen as a weaker yen, cost cuts, and improvements of the model mix and pricing took effect. The company is now guiding for a net profit of 1.48 trillion yen versus prior guidance of 1.37 trillion yen and operating profit of 1.94 trillion yen against 1.8 trillion yen.

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