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Company News for September 4, 2013

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•, Inc. (NASDAQ:AMZN) introduced a new version of its product, Kindle e-reader, following which shares of the company increased 1.4%

•    Shares of CBS Corporation (NYSE:CBS) and Time Warner Cable Inc (NYSE:TWC) gained 4.7% and 1.8%, respectively, after they entered into an agreement which aims to stop the blackouts at their New York, Los Angeles and Dallas stations

•    Verizon Communications Inc. (NYSE:VZ) will pay $130 billion to purchase Vodafone’s US wireless business. Following these developments, shares of Verizon dropped nearly 2.9%

•    Bank of America Corp (NYSE:BAC) will sell its residual stake in China Construction Bank Corp for $1.5 billion

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