The Buzz
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Booz Allen stock tumbles on leaker news
Shares of Booz Allen Hamilton (BAH) declined more than 4% Monday a day after employee Edward Snowden revealed himself as the leaker on the National Security Agency surveillance program that allegedly has collected vast amounts of phone and Internet data of U.S. citizens.
The consulting firm, which rakes in about 99% of its revenue from various levels of the federal government, has been quickly maneuvering to separate itself from Snowden, highlighting MORE
Hibah Yousuf - Jun 10, 2013 11:05 AM ET -
Verizon stock rises despite privacy scandal
There is clearly a lot of anger about the growing U.S. government snooping scandal. But investors aren't expressing any of it.
Despite a report that showed the NSA got a court order to receive phone records from telecom Verizon (VZ), shares rose nearly 3.5% Thursday. That made it the Dow's best performer. The stock was up again Friday.
Overnight, the story mushroomed into something much bigger, as reports of a government program MORE
Paul R. La Monica - Jun 7, 2013 11:45 AM ET -
Government 'spying' on my Verizon phone? Who cares?
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
I called my mother yesterday from my cell phone at 1:07 p.m. ET. The conversation lasted for five minutes.
Since I'm a Verizon (VZ) subscriber, I guess there's a good chance that the government already knows MORE
Paul R. La Monica - Jun 6, 2013 12:04 PM ET -
SodaStream fizzles as buyout rumors fade
SodaStream lost some of its fizz Thursday after PepsiCo debunked rumors that it might buy the soda maker.
Earlier this week, shares of SodaStream (SODA ) rallied on chatter that Coca-Cola might be interested.
If either panned out, it would be somewhat ironic. Earlier this year, SodaStream's Super Bowl ad, which touted its reusable bottle in a diss to Pepsi (PEP) and Coke (KO), never aired.
JPMorgan analyst John Faucher said it was MORE
Catherine Tymkiw - Jun 6, 2013 11:25 AM ET -
Can Amazon deliver groceries too?
Amazon may have started out as an online bookseller but the Seattle-based company has quickly evolved into the world's largest online retailer. And now Amazon is looking to take over the online grocery business.
According to a Reuters report, Amazon is "planning a major roll-out of an online grocery business that it has been quietly developing for years."
Amazon (AMZN) has been experimenting with grocery delivery service AmazonFresh in the Seattle area MORE
Hibah Yousuf - Jun 5, 2013 1:55 PM ET -
Tesla stock keeps zooming higher
Shares of Tesla Motors drifted higher Tuesday ahead of the electric car company's annual shareholder meeting.
Tesla (TSLA) shares have surged more than 180% this year, although the stock has pulled back from a high above $110 last month.
Investors are keeping an eye on the meeting for any announcements that could drive the stock back up, but so far the news has been pretty dull.
Tesla executives apparently discussed the company's warranty MORE
Ben Rooney - Jun 4, 2013 3:30 PM ET -
End the Fed ... speeches
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
When Federal Reserve chairman Ben Bernanke leaves the central bank -- perhaps as soon as next year -- he will depart with two key legacies.
The first is having helped save the U.S. economy from a MORE
Paul R. La Monica - Jun 4, 2013 12:02 PM ET -
Why the Dow loves Tuesday
The Dow Jones industrial average has posted gains every Tuesday for the past 20 weeks.
That makes it the longest winning streak for any day of the week since 1900, according to Ryan Detrick, chief technical analyst at Schaeffer's Investment Research. The previous record was 13 (a three-way tie between Monday, Wednesday and Friday).
The bulk of the Dow's (DJIA) gains this year were reached on Tuesdays. Detrick said the index has MORE
Ben Rooney - Jun 4, 2013 6:55 AM ET -
Apple could be Pandora's destroyer
Pandora (P) has been caught on the losing end of the forces of creative destruction in the music industry yet again.
As rumors continue to swirl that Apple (AAPL) may be building out its own music station, Pandora's investors got spooked.
Shares of the Internet music company plunged more than 10% Monday.
lamonicabuzz
And somewhere, Jack Johnson is crying. Pandora getting hit hard by the latest $AAPL iRadio rumors. $P down nearly 13%.Apple is inching MORE
Maureen Farrell - Jun 3, 2013 2:20 PM ET -
Catching Fire: Lions Gate at all-time high
The movie business is notoriously tough ... unless you're making can't miss films based on blockbuster books that are adored by teenage girls.
Lions Gate (LGF), which produced five "Twilight" movies and is also the studio behind "The Hunger Games," reported sales and earnings Thursday that were much better than expected. The stock surged 8% Friday to an all-time high.
This could be just the beginning of a strong run for the MORE
May 31, 2013 11:59 AM ET
- SPAM gets slammed(1:06)
- Boeing's 787 nightmare is over(0:58)
- Restoration Hardware rides housing wave(1:24)
- Safeway is a safe haven ... for now(1:17)
- Goodyear stock rising like its blimp(1:18)
- Sony fires first shot in gaming price war(1:05)
- Investors say 'da' to McDonald's(1:01)
- Samsung sinks: No winners in mobile?(1:13)
