Nokia Corporation (ADR) (NYSE:NOK) said on Thursday that 5,000 employees at its factory in the southern Indian city of Chennai have opted for a severance package after Wednesday’s deadline passed. Nokia Corporation (ADR) (NYSE:NOK) net profit margin is -9.50% and weekly performance is -0.55%. On last trading day company shares ended up $7.26. Analysts mean target price for the company is $8.07. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is -2.35%.
CBS Corporation (NYSE:CBS) and Time Warner’s (TWX) TBS are opting to keep their programming largely stable next season because viewers and advertisers have reacted favorably to their shows, executives said, according to The New York Times. On the other hand, Time Warner’s TNT will take “smart risks,” attempting to add thrilling dramas that appeal to younger audiences, the newspaper quoted a Time Warner programming executive as saying. CBS Corporation (NYSE:CBS) shares advanced 0.80% in last trading session and ended the day on $56.39. CBS Gross Margin is 42.30% and its return on assets is 7.20%. CBS Corporation (NYSE:CBS) quarterly performance is -12.57%.
On May 1, Cable television giant Viacom, Inc. (NASDAQ:VIAB) is spending nearly $760 million to buy Britain’s popular Channel 5 Broadcasting service.The acquisition, announced Thursday, catapults the New York media company into a rare league. It would become owner of a public broadcasting service in Britain, which is one of the world’s most vibrant hubs for developing television programming. Viacom, Inc. (NASDAQ:VIAB) shares fell -0.08% in last trading session and ended the day on $83.06. VIAB Gross Margin is 52.50% and its return on assets is 10.70%. Viacom, Inc. (NASDAQ:VIAB) quarterly performance is -1.61%.
Time Warner Cable (NYSE:TWC) announced a quarterly dividend on Thursday, May 15th, Analyst Ratings News reports. Stockholders of record on Friday, May 30th will be paid a dividend of 0.75 per share on Monday, June 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.22%. Time Warner Inc (NYSE:TWX) shares moved down -0.65% in last trading session and was closed at $68.50, while trading in range of $67.53 – $68.79. Time Warner Inc (NYSE:TWX) year to date (YTD) performance is -1.27%.
Pacific Crest believes that Amazon.com, Inc. (NASDAQ:AMZN), HomeAway (AWAY), and ChannelAdvisor (ECOM) are attractive following the declines in their stocks in the wake of their earnings. The firm does not believe that Amazon and ChannelAdvisor can drop more than 5%, and it thinks the sell-offs in all three stocks were overdone. It keeps Outperform ratings on all three names. Amazon.com, Inc. (NASDAQ:AMZN) ended the last trading day at $295.19. Company weekly volatility is calculated as 2.75% and price to cash ratio as 15.67. Amazon.com, Inc. (NASDAQ:AMZN) showed a positive weekly performance of 2.38%.