NEW YORK / ACCESSWIRE / May 23, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Sirius XM Radio Inc, Facebook Inc, Bank of America Corp, Ford Motor Company
Sirius XM Radio Inc (NASDAQ:SIRI)’s shares gained 3.15% to $3.27. The company will broadcast the 2014 NCAA® Division I Men's Lacrosse Semifinals and National Championship game live from M&T Bank Stadium in Baltimore, MD, this Saturday, May 24, and Monday, May 26.
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Additionally, the company on May 13 announced that Nowcom will provide seamless integration of the SiriusXM Pre-Owned Program into its DealerCenter dealer management products. DealerCenter is Nowcom's all-in-one DMS software that helps dealers manage their customers and leads, sales, inventory, financing, websites and online marketing.
Facebook Inc (NASDAQ:FB)’s shares jumped 0.05% to $60.52. More Facebook users can expect to see a blue cartoon dinosaur popping up in their feeds, reminding them to check their privacy settings. No stranger to privacy fiascos, Facebook had already made the tool available to users who were posting public updates. The feature is designed to remind people how widely they share posts, what apps they use and other privacy issues.
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Additionally, French advertising agency Publicis Groupe SA and Facebook Inc have struck a multi-year digital marketing deal worth hundreds of millions of dollars, according to a person familiar with the matter on May 19. The deal will focus on video ads that appear on Facebook's social network, as well as ads that appear on Instagram, the mobile photo-sharing app owned by Facebook, according to the source, who spoke on condition of anonymity due to a lack of authority to talk publicly about the deal.
Bank of America Corp (NYSE:BAC)’s shares gained 0.68% to $14.71. The company is dismantling an electronic market-making unit it set up last year to serve its Merrill Lynch wealth-management unit's clients, two people with knowledge of the matter told Bloomberg on May 21. Increased regulatory scrutiny of U.S. equity markets and managers' concerns for the potential perception of a conflict of interest killed the project, the media service reported, citing people familiar with the situation who requested anonymity.
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Additionally, Bank of America Chief Executive Officer Brian Moynihan will participate in the Sanford C. Bernstein 30th Annual Strategic Decisions Conference in New York on May 28 at 10 a.m. ET.
Ford Motor Company (NYSE:F)’s shares is trading at $15.91. Ford Otosan, the Turkish-based joint venture between Ford Motor Company and Koç Holding, officially launched vehicle production today at a modern, all-new vehicle production facility in Yeniköy, Turkey. Ford Executive Chairman Bill Ford and Ali Y. Koç, Board Member, Koç Holding and Chairman, Ford Otosan led the ceremony marking the start of production at the new $511 million plant which is launching production of the Ford Transit Courier small commercial vehicle and Ford Tourneo Courier entry-level people-mover.
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Additionally, the company on May 14 said its sales in Europe rose in April, marking the 11th straight month of year-over-year sales improvement and fifth successive month of market share gains. Overall, Ford sold 99,700 vehicles in April in its European 20 main markets, an increase of 6,200 compared with April 2013.
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SOURCE: Market Buzz Report