Buzzing Stocks: Microsoft Corporation (NASDAQ:MSFT); The Boeing Company (NYSE:BA); General Motors Company (NYSE:GM)
Dallas, Texas, 09/22/2014 (ustrademedia) – Microsoft Corporation (NASDAQ:MSFT) defers scheduled launch of flagship Xbox One console in China; an official communication reported on Sunday. MSFT had earlier scheduled the release for Tuesday, this week, but has now clarified that this would now be possible only by the end of the year. There was no reason ascribed for the cause of the delay. However, the tug-of-war between the Chinese government and Xbox One release dates back to 2000, when the Government had blocked the release of the gaming consoles in the country, lifting the ban only in early 2014. Microsoft hopes to see such these hitches ironed out, through a local joint venture with BesTV New Media Co. Ltd. to manufacture the consoles last year, through a facility located in Shanghai Free Trade Zone. For Microsoft Corporation (NASDAQ:MSFT), China is an important gaming market, considering this is the third largest in the world. As of July 2014 data, Xbox One Console is priced $602.37 sans the Kinect Motion detection set while the set with the detector costs slightly higher at $700.
The Boeing Company (NYSE:BA) receives single largest order for Boeing aircraft from an African Airlines. BA, on September 20, reported that Ethiopian Airlines has confirmed an order of 20 of its 737 MAX 8 model aircraft. The value of the order is $2.1Billion, which is at list prices and will include choices as well as purchase rights which may, in the future, include 15 737 MAX 8s. CEO of Ethiopian Airlines, Tewolde Gebremariam noted that the order was in line with its ‘Vision 2025’ and will fly 18 million passengers per annum.
General Motors Company (NYSE:GM) has announced on September 20; the car maker has recalled 221,558 of its Cadillac XTS as well as Chevrolet Impala sedans. GM announced that, the reason for the massive number of recalls is due to risk of fire, caused by partially engaged brake pads, even when not in use. The models of Cadillac are of the period 2013 to 2015 and the Impalas which are in the period of 2014 to 2015 models.