NEW YORK, Ocetober 02, 2012 – Beststocksdaily, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Kraft Foods, Micron Technology, Research In Motion Limited, Facebook Inc.
Kraft Foods Inc(NASDAQ:KFT)’s Cadbury unit on Monday won a lawsuit against Nestle over the use of purple coloured packaging for its Dairy Milk bars.
The world's biggest food company had filed a suit against Cadbury in December 2011 against the trademarking the purple packaging saying that the colour couldn't be trademarked.
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Kraft Foods bought out Cadbury in 2010.
Micron Technology, Inc.(NASDAQ:MU), which makes memory chips, recently reported a loss of $243 million, or 24 cents per share, for the quarter that ended Aug. 30. That's compared with a loss of $135 million, or 14 cents per share, in the fourth quarter of last year.
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Micron's revenue slipped to $1.96 billion from $2.14 billion. The results came in below analyst expectations, who had expected it to post a loss of 23 cents per share on revenue of $2.12 billion.
The company posted a loss of $1.03 billion, or $1.04 per share, for the full fiscal year compared with net income of $167 million, or 17 cents per share, in fiscal 2011. Its annual revenue fell to $8.23 billion from $8.79 billion.
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Matthews, who has a track record of starting and backing numerous successful start-ups, said that partnering was an important part of the DNA of a company.
Facebook Inc(NASDAQ:FB), The social-networking site is looking for other revenue sources apart from advertising, and has launched, as a part of the alternative revenue generation plan, an application called ‘Gifts’ on the site. This is Facebook’s foray into the world of e-commerce, where it will be competing with the likes of Amazon, and e-Bay.
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Shares of FB have risen about 8% in the past two trading sessions since Friday.
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