Several breaking news stories will affect stock prices as trading continues today.
The following listed companies should see some movement: 3M Company (NYSE:MMM), Amazon.com (NASDAQ:AMZN), Raytheon (NYSE:RTN).
Here is a more detailed look at the news that will affect each company when trading continues.
3M Company (NYSE:MMM)
Remote tech company Attenti Holdings S.A. has been bought by 3M Company (NYSE:MMM). The acquisition of the remote people monitoring technology supplier is said to be for an amount of $230 Million in cash.
The newest deal is expected to help 3M Company (NYSE:MMM) lead the market in Global Positioning Systems [GPS], high growth electronic offender monitoring and radio frequency technology.
The purchase will also help 3M Company (NYSE:MMM) to enter and have a firm foothold in the Israel market.
Investors expect a significant growth with the acquisition process.
Amazon.com (NASDAQ:AMZN)
A price war is brewing in the digital download market, with Amazon.com (NASDAQ:AMZN) cutting prices in the wake of Apple’s announcement yesterday. Related to their TV device relaunch, Apple announced on Wednesday that it will be streaming some videos at the rate of 99 cents per show.
Amazon.com (NASDAQ:AMZN)’s new offering includes around 260 shows, including rentals from ABC of Walt Disney Co, BBC, News Corp’s Fox etc which would match the offers from Apple.
The price cuts have already appeared on the official website of Amazon.com (NASDAQ:AMZN).
Raytheon (NYSE:RTN)
The continuing development of the Excalibur Ib system will net Raytheon (NYSE:RTN) $23 million. The next-generation 155 mm precision-guided projectile’s design shall also be finalized by the company in the contract.
Raytheon Missile Systems president Dr. Taylor Lawrence said that “Raytheon’s Excalibur Ib design will give our war-fighters a pinpoint precision capability that will limit collateral damage while protecting the brigade combat teams.”
Simple parts and fewer manufacturing processes helped Raytheon (NYSE:RTN) win the deal.
We could see more movement when trading continues for 3M Company (NYSE:MMM), Amazon.com (NASDAQ:AMZN) and Raytheon (NYSE:RTN).
