amazon.com Inc.
NASDAQ symbol AMZN, is the leading bookseller on the Internet, as well as a leading video and music seller. It also has numerous other store categories, including electronics, computer games, toys and tools. Through Amazon Services, the company also offers programs that let sellers market on its web sites.
ENBRIDGE INC., $51.09, Toronto symbol ENB, has won approval from Ottawa for its Northern Gateway pipeline. Northern Gateway will pump crude from Alberta’s oil sands to Kitimat, B.C. From there, tankers would ship the oil to customers in Asia. It will cost $7.9 billion to build this project. That’s equal to 19% of Enbridge’s $42.7-billion market cap (or the value of all its outstanding shares). However, that estimate is sure to rise as other oil sands and pipeline projects drive up labour and material costs....
AMAZON.COM $334.38 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206- 266-1000; www.amazon.com; Shares outstanding: 460.2 million; Market cap: $150.8 billion; No dividends paid) has launched Prime Music, a music streaming service that’s now bundled with a $99-a-year Amazon Prime subscription. This is the fourth part of the Amazon Prime service. The other three are unlimited shipping, a Kindle e-book library and Prime Instant Video (streaming movies and TV shows). Prime customers spend three to four times more than regular Amazon shoppers. The company’s music service will start off with just over a million songs, with no ads and no limit on how much users can listen. It will also offer playlists curated by music experts Amazon will hire....
AMAZON.COM INC., $326.27, symbol AMZN on Nasdaq, has launched Prime Music, a music-streaming service that’s now bundled with a $99-a-year Amazon Prime subscription. This is the fourth part of the Amazon Prime service. The other three are unlimited shipping, a Kindle e-book library and Prime Instant Video (streaming movies and TV shows). Amazon’s music service will start off with just over a million songs, with no ads and no limit on how much users can listen. It will also offer playlists curated by music experts Amazon will hire....
AMAZON.COM $334.38 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206- 266-1000; www.amazon.com; Shares outstanding: 460.2 million; Market cap: $150.8 billion; No dividends paid) has launched Prime Music, a music streaming service that’s now bundled with a $99-a-year Amazon Prime subscription.
This is the fourth part of the Amazon Prime service. The other three are unlimited shipping, a Kindle e-book library and Prime Instant Video (streaming movies and TV shows). Prime customers spend three to four times more than regular Amazon shoppers.
The company’s music service will start off with just over a million songs, with no ads and no limit on how much users can listen. It will also offer playlists curated by music experts Amazon will hire.
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This is the fourth part of the Amazon Prime service. The other three are unlimited shipping, a Kindle e-book library and Prime Instant Video (streaming movies and TV shows). Prime customers spend three to four times more than regular Amazon shoppers.
The company’s music service will start off with just over a million songs, with no ads and no limit on how much users can listen. It will also offer playlists curated by music experts Amazon will hire.
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GOODYEAR TIRE & RUBBER, $26.37, symbol GT on New York, is the world’s largest tire maker, with 51 plants in 22 countries. This week, the company announced that it will build a new tire plant in either North or South America. The facility will produce six million tires a year and help Goodyear meet rising demand for high-performance tires in both regions. Goodyear expects to spend $500 million on this facility, which could start up in 2017. To put that in context, Goodyear’s 2013 cash flow was $407.0 million....
PLEASE NOTE: Our next Hotline will go out on Friday, April 25, 2014. YAMANA GOLD INC., $8.76, symbol YRI on Toronto, is joining up with Agnico Eagle Mines (symbol AEM on Toronto) to counter the latest $3.6-billion takeover bid for Osisko Mining (symbol OSK) by Goldcorp (symbol G). Agnico Eagle and Yamana are offering a total of $3.9 billion, or $8.15 per Osisko share. Osisko shareholders will receive $2.09 in cash, 0.26471 of a Yamana share, 0.07264 of an Agnico Eagle share and one share of a new company, with a value of $1.20, which will hold Osisko’s current exploration properties, including its Guerrero project in Mexico; a royalty on production from Osisko’s Canadian Malartic mine; and cash of $155 million....
AMAZON.COM $316.08 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206-266-1000; www.amazon.com; Shares outstanding: 459.3 million; Market cap: $145.4 billion; No dividends paid) has just unveiled Fire TV, a $99 Internet video-streaming box that plugs into a high-definition TV set. It will compete against similar devices, like Apple TV, Roku and Google Chromecast. The device, which is about the size of a CD case, runs Google’s Android operating system and offers Netflix, Hulu Plus, Crackle, Pandora, ESPN and other streaming channels. Fire TV can also be used for gaming. Customers can play popular games, such as Minecraft, as well as thousands more titles to be released soon. Many games will be free, while paid games from Amazon will cost an average of $1.85. Amazon will offer a compatible game controller for $39.99....
YAMANA GOLD INC., $9.50, symbol YRI on Toronto, is teaming up with Osisko Mining (symbol OSK on Toronto) to thwart a hostile takeover bid by Goldcorp (symbol G) for Osisko. Osisko owns the Canadian Malartic mine in Quebec, which is forecast to produce 525,000 to 575,000 ounces of gold this year. Yamana will provide $441.5 million in cash and $929.6 million worth of its shares, to buy a 50% interest in all of Osisko’s mining and exploration assets, including Canadian Malartic. The offer is roughly 22% higher than Goldcorp’s bid....
AMAZON.COM $316.08 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206-266-1000; www.amazon.com; Shares outstanding: 459.3 million; Market cap: $145.4 billion; No dividends paid) has just unveiled Fire TV, a $99 Internet video-streaming box that plugs into a high-definition TV set. It will compete against similar devices, like Apple TV, Roku and Google Chromecast.
The device, which is about the size of a CD case, runs Google’s Android operating system and offers Netflix, Hulu Plus, Crackle, Pandora, ESPN and other streaming channels.
Fire TV can also be used for gaming. Customers can play popular games, such as Minecraft, as well as thousands more titles to be released soon. Many games will be free, while paid games from Amazon will cost an average of $1.85. Amazon will offer a compatible game controller for $39.99.
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The device, which is about the size of a CD case, runs Google’s Android operating system and offers Netflix, Hulu Plus, Crackle, Pandora, ESPN and other streaming channels.
Fire TV can also be used for gaming. Customers can play popular games, such as Minecraft, as well as thousands more titles to be released soon. Many games will be free, while paid games from Amazon will cost an average of $1.85. Amazon will offer a compatible game controller for $39.99.
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CISCO SYSTEMS INC. $22 (Nasdaq symbol CSCO; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.2 billion; Market cap: $114.4 billion; Priceto- sales ratio: 2.5; Dividend yield 3.4%; TSINetwork Rating: Average; www.cisco.com) plans to invest $1 billion over the next two years on building a new cloud-computing service, which will let businesses lease data processing and storage systems instead of buying their own.
This is a small investment for Cisco, which earned $2.5 billion, or $0.47 a share, in its latest quarter....
This is a small investment for Cisco, which earned $2.5 billion, or $0.47 a share, in its latest quarter....