NEW YORK, October 01, 2012 – Beststocksdaily, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Ceradyne, Apple Inc, Retailer Macy's, Baidu.com.Ceradyne, Inc.(NASDAQ:CRDN) shares rose more than 40 percent after 3M made an offer for the company at $35 a share.
The offer price represents a substantial premium to the closing price of the company on Friday, which was at $24.43. The shares have risen in response to the offer.Will CRDN Conmtinue To Move Up? Find Out Here http://beststocksdaily.com/p2/index.php?company=CRDN
Retailer Macy's, Inc.(NYSE:M)’s shares rose about 2.5 percent on Monday after the company said that it would hire 80,000 new seasonal associate to work in its own stores and that of Bloomingdale's.
Last year the company had hired about 78,000 seasonal associates, who work on the selling floor, store operations, interact with customers via the telephone in call centres, and staff distribution and fulfilment centres for online purchases.
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The European Union is now investigating whether Apple Inc.(NASDAQ:AAPL) is complying with its laws in advertising warranty clauses.Under EU laws a company has to offer customers automatic and free-of-cost entitlement to a minimum two-year guarantee.
EU Justice Commissioner Viviane Reding has asked for a probe on whether Apple's advertisements pertaining to warranty services carry this prominently. The aim is to establish whether the iPhone maker mentions the buyer's right to a minim two-year warranty for all its products including its Mac personal computers and mobile devices. Will AAPL Hit $1000 Before GOOG? Find Out Here http://beststocksdaily.com/p2/index.php?company=AAPL
“Apple prominently advertised that its products come with a one-year manufacturer warranty but failed to clearly indicate the consumers’ automatic and free-of-cost entitlement to a minimum two-year guarantee under EU law," Bloomberg reported, quoting a letter by Reding to member countries in the EU.
She said that there were unacceptable practices.
Apple has been guilty in the past of not informing customers that they were entitled to a 2--year extended manufacturer warranty. Baidu.com, Inc. (ADR)(NASDAQ:BIDU) shares fell 3.58% to $112.67 after Jefferies Group cut shares of BIDU from a buy rating to a hold rating in a research note issued to investors today. The firm currently has $125.00 target price on the stock, down from their previous target price of $135.00.
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Additionally, Baidu.com stock had its price target lowered by ThinkEquity from $180.00 to $150.00 in a research note released on Sept. 26. They currently have a buy rating on the stock.
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