Quick news – November 9 2010

By: ispeculatornew
Date posted: 11.09.2010 (7:46 pm) | Write a Comment  (0 Comments)

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Tech news: (concern the stocks we follow)

IAC Interactive (IACI) announced it was laying off 130 engineers as it surrenders to Google in search for its search engine Ask.com
Research in Motion (RIMM) was downgraded to Hold by Kaufman Bros.
Amazon (AMZN) increased the royalties paid out on many of its Kindle offered newspapers and magazines to 70% from 30%
The NY Post is reporting that KKR & Co is also interested in buying Yahoo (YHOO)

Best return:    Priceline (PCLN) +8,25%

Worst return:        Rosetta Stone (RST) -2,71%

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