Sony Corporation (ADR)(NYSE: SNE) says the PlayStation 3 is now the primary development platform for Netflix, Inc.(NASDAQ: NFLX) as a partnership between the two companies continues to mature. With Redbox Instant now on the scene on Apple and Microsoft devices, the alliances between hardware sellers and streaming providers is getting better defined.
Of interest in Metlife Inc(NYSE: MET) presentation at the Goldman Sachs conference is its expectation to see $250M in additional operating earnings (pg. 6) by 2016 in its Global Employee Benefits Business. Operating earnings for the entire company were $4.3B through the year's first 9 months.
Patterson-UTI Energy, Inc.(NASDAQ: PTEN) reports it had an average of 206 drilling rigs operating, including 198 rigs in the U.S. and eight in Canada, during November. PTEN says it intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
Shares of DSW Inc.(NYSE: DSW) are on the rise on chatter indicating Leonard Green has set its sights on the retailer. The P-E firm tried to shield prying eyes from seeing the position it has been building in DSW.
The expected bump in shares of Dollar General Corp.(NYSE: DG) after its inclusion in the S&P 500 might have been sidetracked by sales from P-E firms, according to dealReporter. SEC filings tell the story, with enough share sales in the mix to compensate for index funds needing to re-allocate.
Geron Corporation(NASDAQ:GERN) gets slammed this morning after the drug developer announced late yesterday that it has stopped developing its treatment for brain cancers and will cut its workforce by 40% and replace its CFO. Along with the fundamental knock, the stock also has broken through key technical support and is setting a new 10-year low.
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