Apple Inc. (NASDAQ:AAPL) will buy Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, hoping to win points with the music industry and help it catch up in fast-growing music streaming. Apple Inc. (NASDAQ:AAPL) net profit margin is 21.40% and weekly performance is 3.19%. On last trading day company shares ended up $624.01. Analysts mean target price for the company is $628.33. Apple Inc. (NASDAQ:AAPL) distance from 50-day simple moving average (SMA50) is 11.79%.
In a ground-breaking disclosure, Google Inc. (NASDAQ:GOOG) revealed how very white and male its workforce is just 2 percent of its Googlers are black, 3 percent are Hispanic, and 30 percent are women. The search giant said Wednesday that the transparency about its workforce the first disclosure of its kind in the largely white, male tech sector is an important step toward change. Google Inc. (NASDAQ:GOOG) shares fell -0.75% in last trading session and ended the day on $561.68.
Warehouse club operator Costco Wholesale Corporation (NASDAQ:COST) reported third-quarter results below analysts’ estimates hurt by an increase in merchandise costs and other expenses. Merchandise costs in the quarter ended May 11 rose about 7 percent to $22.55 billion while selling, general and administrative expenses rose about 8 percent. Costco Wholesale Corporation (NASDAQ:COST) shares moved up 0.32% in last trading session and was closed at $114.24, while trading in range of $113.96 – $114.95. Costco Wholesale Corporation (NASDAQ:COST) year to date (YTD) performance is -3.46%.
Nike, Inc. (NYSE:NKE) will begin trading ex-dividend on May 29, 2014. A cash dividend payment of $0.24 per share is scheduled to be paid on July 07, 2014. Nike Inc. (NYSE:NKE) ended the last trading day at $76.27. Company weekly volatility is calculated as 1.23% and price to cash ratio as 13.32.Nike Inc. (NYSE:NKE) showed a positive weekly performance of 4.11%.
Pandora Media Inc. (NYSE:P), the leading Internet radio service, announced that the company’s CFO, Mike Herring, will present at the Bank of America Merrill Lynch 2014 Global Technology Conference in San Francisco, CA. Mr. Herring will engage in a fireside chat on Tuesday, June 3, 2014 at 8:30 a.m. PT / 11:30 a.m. ET. Pandora Media Inc. (NYSE:P) net profit margin is -9.80% and weekly performance is 1.04%. On last trading day company shares ended up $25.29. Analysts mean target price for the company is $34.44. Pandora Media Inc. (NYSE:P) distance from 50-day simple moving average (SMA50) is -6.96%.
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