Top Trending News: Saks Inc, Google Inc, Yahoo! Inc


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NASDAQ:YHOO / NASDAQ:GOOG
04/15/2013 [ACCESSWIRE]

 NEW YORK, April 15, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Saks Inc, Google Inc, Yahoo! Inc

Saks Inc(NYSE:SKS) shares fell 5% to $11.40. As Mike Ullman returned to J.C. Penney (US:jcp) as chief executive, he resigned from the board of upscale department store chain Saks Inc. (US:sks), Saks said in a regulatory filing on April 10.

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Additionally, the company, on Mar. 25, announced that John Cruz has been appointed Senior Vice President and Director of the New York City Saks Fifth Avenue flagship store effective April 29, 2013. He will report directly to Jennifer de Winter, Executive Vice President of Stores. Cruz currently serves as Vice President and General Manager of Saks Fifth Avenue's Beverly Hills store.

Yahoo! Inc.(NASDAQ:YHOO) shares fell 2.47% to $24.09. The company will host a conference call to discuss the company's financial results for the first quarter ended March 31, 2013 on Tuesday, April 16 at 2:00 p.m. Pacific/ 5:00 p.m. Eastern.

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Additionally, YHOO‘s stock had its “buy” rating restated by equities researchers at Needham & Company in a report issued on April 10. They currently have a $26.00 target price on the stock.

Moreover, the company is expected soon to hire a new chief of its crucial Americas division from Internet rival AOL Inc. (AOL), said a person familiar with the matter on April 11. Ned Brody, who was the top advertising-sales executive at AOL, has resigned from the post to pursue "other opportunities," AOL said on Thursday in a filing with the Securities and Exchange Commission.

Google Inc(NASDAQ:GOOG) is inching closer to settling a European antitrust probe into the alleged misuse of its dominant position of online search and advertising markets by the company. It has submitted a list of remedies to address the concerns voiced by the European Commission, the body that acts as the antitrust authority for the 27-nation bloc. The Commission is probing whether the Internet giant unfairly favors its own services in search results on its search engine. 

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Google is likely to clearly label search results coming from  its own services like YouTube and Google Maps. It is also likely to offer remedies on content displays from other websites, management of ads appearing next to search results, and its actions that affect marketers' ability to buy ads on rival networks.

In a separate incident, a group of tech companies led by Microsoft has filed another EU antitrust complaint against Google, accusing the company of using the dominant position of its Android smartphone operating system to unfairly promote its own internet services. The EU has had several issues with Microsoft Corp itself for years, and the company has paid 2.2 billion euros in fines since 1998.

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