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Amazon's "Cloud Drive" Faces Backlash From Music Industry

amazon, amazon cloud, amzn, buyer, ecommerce, illegal, launch, legal, license, media, music, music label, nasdaq, new service, online, purchase, retail, seller, shares, songs, sony music, streaming, trade, web

Amazon (NASDAQ:AMZN) is already facing some backlash from the music industry over the company's "Cloud Drive" service, which could ignite a legal battle. Liz Young, a Spokesperson for the company stated that Sony Music was one co

By FNNO Staff
fnnonline@gmail.com

InterDigital Said It Will Sell $150 Million Of Senior Notes

Published on Tue, 03/29/2011 - 10:10
By FNNO Staff in General Interest, IDCC, analyst, buyer, consensus, digital, idcc, interdigital, nasdaq, price, securities, shares, stock, wall street, News Update

The notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933.

InterDigital has a potential upside of 17.8% based on a current price of $43.57 and an average consensus analyst price target of $51.31.

InterDigital is currently below its 50-day moving average (MA) of $48.47 and should find support at its 200-day MA of $35.39.

analyst, buyer, consensus, digital, idcc, interdigital, nasdaq, price, securities, shares, stock, wall street

InterDigital (NASDAQ:IDCC) said it will sell $150million of senior notes convertible into shares.

By FNNO Staff
fnnonline@gmail.com

Consumer Sector Update: March 23, 2011

acquisition, barnes noble, bks, bookstore, buyer, buyout, consumer, donut, doughnut, food, franchise, kkd, krispy kreme, m&a, merger, purchase, sale, sector, shares, stock, sysco, syy

Consumer shares are higher in mid-day trading while Barnes & Noble (BKS) shares are down after the company appeared likely to end its months-long search for a buyer without a sale of the company, Bloomberg reported citing five

By Stephanie Shyu
sshyu@fnno.com

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