For Immediate Release
Chicago, IL—October 7, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Salesforce Buys Artificial Intelligence Company Krux Digital& Why is Salesforce (CRM - Analyst Report) Stock Tanking Today?
Cloud computing giant Salesforce.com (CRM - Analyst Report) has had a busy week. On Tuesday, the company acquired marketing data and AI company Krux Digital for $700 million, continuing its aggressive M&A activity. Salesforce’s stock, however, has seen better times; CRM fell, at one point, over 7% on Wednesday after reports tying it more closely to a sale bid for Twitter Inc. (TWTR - Analyst Report) surfaced, suggesting investors do not seem to like the idea.
Don’t Forget About These Other 3 New Google Devices
Along with its new Pixel smartphone and Amazon (AMZN - Analyst Report) Echo home-automation competitor Google Home, Google (GOOGL - Analyst Report) debuted three other new devices at its recent hardware-announcing event: a headset for its Daydream VR platform, called the Daydream View; Chromecast Ultra; and Google Wifi, the company’s first router.
Netflix Strikes Deal to Bring Its Movies into Theaters
Video streaming giant Netflix (NFLX - Analyst Report) struck a deal this week with luxury theater chain iPic Entertainment to bring its original films to the big screen. The deal is set to include 10 of Netflix’s upcoming original movies, including Mascots, a comedy directed by Christopher Guest, and the drama The Siege of Jadotville, which will be simultaneously released this Friday, October 7. Netflix’s films will screen in Los Angeles and New York City.
Ahead of Hurricane Matthew, Airbnb Activates Disaster Response Tool
On Wednesday, we-commerce rental site Airbnb has activated its Disaster Response tool in Florida and South Carolina in order to help evacuees affected by Hurricane Matthew, a powerful Category 4 storm with winds as high as 165 mph. The tool’s main use will be to help displaces residents connect with Airbnb host who can offer accomodations, at no cost. The service will be available through Tuesday, October 11.
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