Stocks On Radar: Amazon.com, Inc. (NASDAQ:AMZN); E I Du Pont De Nemours And Co (NYSE:DD); UBS AG (NYSE:UBS)
Dallas, Texas, 09/19/2014 (ustrademedia) – Amazon.com, Inc. (NASDAQ:AMZN) announced the launch of five new models of its popular e reader Kindle tablets yesterday. The new models, the e retailer believes would help it address a wide spectrum of users which would encompass all user age groups including children and office goers. The push by the tech firm into the hardware and devices space is being seen as an endower to increase its “media-consuming” customer footprint. The new models of the tablet are being offered at various price points ($99 to $379) and envision catering to the needs of children, office goers and book readers.
E I Du Pont De Nemours And Co (NYSE:DD) management team has been provided with another business plan by its activist investor Nelson Peltz, which envisions breaking up the sprawling business into more manageable entities. In his latest attempts to convince the management team to revitalize nonperforming assets, Mr. Peltz has proposed that the premier property Hotel DuPont which is in Delaware and boas of a 1,250-seat theatre can be turned into a $4 billion worth money generating property by leveraging its full potential. He further proposes that the prime real estate property which currently houses the firm’s headquarters could be better utilized to generate revenue for the firm.
Financial services and asset management firm UBS AG (NYSE:UBS) is considering all options which are open for it in the run up to the French appeals court ruling on 22nd September with respect to the ongoing legal battle with the French tax authorities. UBS AG (NYSE:UBS) had contested the demand for 1.1 billion-euro ($1.4 billion) bond sought by the Tax authorities in France, which they had demanded from the financial firm. This bond was to cover for any of the banking major’s liability in ongoing investigations into allegations of money laundering which are said to have occurred in the bank.