Here is another collection of breaking news stories which may affect companies as trading continues later.
The following stocks should see some movement: Goldman Sachs Group (NYSE:GS), Toyota Motor Company (NYSE:TM), Microsoft Corp. (NASDAQ:MSFT).
Here is a more detailed look at the news that will affect each company when trading continues.
Goldman Sachs Group (NYSE:GS)
Goldman Sachs Group (NYSE:GS) has announced the acquisition of Madrid-based Endesa’s natural gas distribution assets. The two infrastructure funds managed by the company will buy 80% of the assets for €800 million ($1.1 billion). The assets consist of a distribution network covering a stretch of 3,800 kilometers, a transport network of 600 kilometers and 355,000 access points.
Italy’s Enel SpA which owns the Spanish power utility Endesa SA would be able to reduce its debt position through this deal which is expected to benefit Endesa’s pre-tax profits by €450 million.
Toyota Motor Company (NYSE:TM)
Toyota Motor Corporation (NYSE:TM) has teamed up with Daihatsu Motor Co Ltd. The new deal will allow Toyota Motor Corporation (NYSE:TM) to sell the Daihatsu light cars under Toyota Motor Corporation (NYSE:TM)’s brand name in the Japanese market.
Koichi Ina, president of Daihatsu, said that “Though their Daihatsu logos will be replaced with Toyota logos, they will have the same specifications. We consider it as OEM supply of existing vehicles. But, if they are fully remodeled, we will supply the new models.”
Microsoft Corp. (NASDAQ:MSFT)
Microsoft Corporation (NASDAQ:MSFT) has released a new ASP.NET patch. Making the users secure, an update for the ASP.NET vulnerability and a security bulletin were released by Microsoft Corporation (NASDAQ:MSFT). Although the earlier detection of the vulnerability reported it as serious, the software giant had placed it only in the ‘important’ category, not ‘critical’.
The vulnerability that was reported to be affecting almost all versions of Windows will permit an attacker to view encrypted state on ASP.NET transactions.
There will probably be more movement when trading continues for Goldman Sachs Group (NYSE:GS), Toyota Motor Company (NYSE:TM) and Microsoft Corp. (NASDAQ:MSFT).