NEW YORK, September 27, 2012 – Stockmarketnation.com, one of the leaders in providing stock updates on U.S. stock, markets are announcing valuable information on Google Inc, General Motors Company, Hewlett-Packard Company, Dean Foods.
The futuristic car being developed by General Motors Company(NYSE:GM) and Google Inc(NASDAQ:GOOG) will soon be a reality with the state of California legalising the cars and allowing them to be test-driven n public roads.
How Should Investors Trade GM Now? Find Out Here http://stockmarketnation.com/?company=GMThe cars are self-driven and require human interference only if something goes wrong. The bill which has been approved still requires some safety guidelines and performance standards from vehicles, Wall Street Cheat Sheet said.
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“Today we’re looking at science fiction becoming tomorrow’s reality,” California Governor Jerry Brown said. “This self-driving car is another step forward in this long march of California pioneering the future and leading not just the country, but the whole world.”
Google expects to make the vehicles available for actual sales within the next five years.
On Wednesday Jefferies analyst Peter Misek downgraded Hewlett-Packard Company(NYSE:HPQ) to Underperform from Hold and set the price target lower at $14 from $17 a share.The tech giant has been struggling with sales of its desktops and laptops as more consumers are shifting to mobile devices such as tablets for their computing needs.
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A global slowdown in demand and a glut in inventories in China are affecting the health of the company, while Windows 8 operating software is not expected to be a catalyst to revival of fortunes.
The company is planning to meet analysts next week and explain its position and prospects.
Meanwhile Dean Foods Company(NYSE:DF) said on Wednesday that it has put up it Morningstar division for sale at a deal potentially valued at $1 billion.
It said that the sale would maximise shareholder value and also allow Dean to focus on its core dairy products.
"We have not yet identified a buyer for Morningstar, but we know this business possesses an attractive portfolio in a growing marketplace and a top-notch management team," Dean said in a statement.
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Morningstar sells Friendship cottage cheese and private label dairy products such as creamers, ice cream mix and sour cream.
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