Facebook Inc (NASDAQ:FB) is known around the world as the leading social network platform. The network boasts more than 1.2 billion monthly active users – and counting. The company is also known to be taking on rivals Google Inc (NASDAQ:GOOG) and Yahoo Inc (NASDAQ:YHOO) for the online advertisement revenue. Yet, there is one area of Facebook that is not very well understood. Facebook Inc (NASDAQ:FB) stock opened at $71.08 in last session, and closed at $69.80, while the day range of FB stock is $69.47-71.18.The stock showed a positive weekly performance of 1.96%.
Another company is dumping another one of its pension plans. Boeing Co. (NYSE: BA) is normally in the news for announcements about its 787 Dreamliner plane or other plane orders. On Thursday, the news is that Boeing announced future retirement plan changes for its non-union employees. The company claims that this is delivering market-leading retirement benefits while strengthening competitiveness, but some 68,000 workers are now scheduled to move from a defined benefit plan to a defined contribution plan. The Boeing Company (NYSE:BA) stock opened at $129.75, in last session and closed at $128,54, by gained -0.25%.The 52 week range was $80.72-$144.57.Company’s market capitalization is $95.56 billion.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Safeway Inc. (NYSE: SWY) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Albertsons (“Albertsons”) in a transaction valued at approximately $9 billion. Safeway Inc. (NYSE:SWY) stock loosed -2.20% and finished the last session at $38.60. The EPS of the stock remained 0.81.Company’s market capitalization is $8.89 billion.
Google (NASDAQ:GOOG) CFO Patrick Pichette unloaded 1,443 shares of Google stock on the open market in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,222.31, for a total value of $1,763,793.33. Following the completion of the sale, the chief financial officer now directly owns 1,408 shares of the company’s stock, valued at approximately $1,721,012. Google Inc (NASDAQ:GOOG) stock opened the session at $1,226.80, and closed the session at $1,214.79. The 52 week range of the GOOG stock remained $761.26-$1,228.88 and the day range was $1,211.44-$1,226.99.
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