According to sources, Amazon.com (AMZN) is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors yet to be upended by e-commerce
International Business Machines (IBM) said on Tuesday that it would acquire database Web hosting company SoftLayer Technologies and create a new division for clients interested in cloud services. The financial terms were not disclosed.
Bloomberg reports Sprint Nextel Corp’s (S) board might delay next week's shareholder vote on a takeover by SoftBank Corp. Sprint's board was waiting on a binding offer from Dish Network (DISH), which made an unsolicited bid to acquire the wireless carrier in mid-April.
Coming Wednesday:
U.S. Economic Reports: ADP Employment Report (171K expected) at 8:15 a.m.; Productivity and Costs (+0.7% expected) at 8:30 a.m.; Factory Orders (+1.4% expected) at 10:00 a.m.; ISM Non-Mfg Index (53.8 expected) at 10:00 a.m.
Earnings Wednesday: Dominion Diamond Corp (est.: $0.09), Brown-Forman Corp (est.: $0.47), Vera Bradley (est.: $0.21)
Here at the NYSE Wednesday Morning:
Yale School of Management Chief Executive Leadership Institute Hosts Annual Yale CEO Summit at the New York Stock Exchange on June 5 Yale Chief Executive Leadership Institute. CEO Jeffrey Sonnenfeld will ring the opening bell.
Waddell & Reed Financial Celebrates the Listing of its First-ever Closed-End Fund, Ivy High Income Opportunities Fund. WR and Ivy executives Henry J. Herrmann and and Thomas W. Butch will ring the closing bell.
Please remember to check in with us every morning for the NYSE Morning Update!
http://exchanges.nyx.com/parasnand-madho/nyse-morning-update-05022013
Best,
Giuseppe
Giuseppe Montefinese
Corporate Actions & Market Watch
NYSE Euronext | Global Corporate Client Group
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