U.S. Morning Call: Microsoft acquires start-up id8: source
Wednesday, January 02, 2013 - 03:16
Microsoft is making a move in the highly competitive tech sector with the acquisition of Blake Krikorian's id8 Group R2 Studios.
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Pick your boarding call for Thursday that Anthony is -- tech giant you had the best acquisition record. We're talking Microsoft. Mr. softy scooping up ID eight group -- studios. Beating a Star Wars character it's a move designed to expand its technology into the home entertainment area. The startup founded by Silicon Valley entrepreneur or Blake Kerkorian. Recently launched Google app that controls home heating and lighting systems from Smartphones. Could Korean joins Microsoft after leaving Amazon's -- last week. Sticking with tech in Netflix getting to boost this morning BMO financial raising its price target on the company 88 dollars and 65. -- rating -- market perform. US stock futures point lower open today after yesterday's rally on the fiscal deal. The defense sector left in limbo from the budget vote. Which delays 109 billion in US spending cuts including 54 billion dollars dude come out of military spending. Companies like Lockheed Martin Northrop Grumman and aerospace industries have complained about the overhang on the sector that has stifle future investments. Washington also under pressure from Moody's which has warned the US to reduce its budget deficit to save its ratings. Moody's rates the US AAA with that negative outlook. On the macro front we've got -- economic data due out let's start with -- annals. They're expected to show a rise of 9% for December with an estimated fourteen point five million vehicles sold. 2012 could be the best year for the industry in five years could have been killed by easier access to credit rising prices. An increasing demand. In other data on the eve of the critical monthly jobs report we had ADP jobs forecast and the weekly jobless claims. Also the release of the -- minutes and retail sales for December. Every talent stocks to watch this morning take a look at gap the retailer will -- women's fashion boutique insert mix for 130 million. Entering the luxury clothes market that from the Wall Street Journal. A media merger on the horizon Al-Jazeera said it will bite current TV April analysts estimate could be as much as 500 million dollars. The struggling cable company founded by Al Gore may help the Qatar based broadcaster expanding US. Also keep an -- -- Family Dollar that discount retailer reported first quarter results just minutes ago. Earnings came in below expectations. The stores focus on selling everyday items like cigarettes and drinks it margins. Stocks down 6% in the premarket. And one more stock on our radar Barnes & Noble the largest US bookstore chain releases a -- tell holiday sales reports today. Following a warning last week that they will fall short of expectations. That's -- Thursday morning -- follow us on Twitter at Reuters Insider in check generally YouTube channel at borders dot com slash TD. I'm Lisa Bernhard this is right here.
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