Market Focus

DirecTV

DirecTV is exploring an online video service to target young people who aren’t paying for cable. The country’s largest satellite TV provider says it’s not planning to go up against Netflix, but it wants to develop a niche online video service with programming that appeals to specific group. There were also reports today that DirecTV and the NFL reached a deal to keep the exclusive Sunday Ticket package on satellite TV, but the NFL is denying an agreement has been reached. Shares were down slightly to $66.50. 

Mastercard & Visa

A federal judge approved a $5.7 billion swipe-fee settlement between merchants and Visa and Mastercard. Merchants sued the credit and debit card providers, accusing the companies of fixing the fees they charged businesses each time customers used their cards. The value of the settlement, which was reached last year, was cut down from $7.2 billion as some merchants opted out. Thousands of retailers complained the settlement was inadequate. Both stocks ended the day higher, Mastercard up a fraction to $787.97 and Visa nearly 2% higher to $207.36. 

Qualcomm 

Qualcomm promoted its COO to the top job at the chip making company. Steve Mollenkopf was in the running to succeed Steve Ballmer as Microsoft’s CEO. Ballmer plans to leave Microsoft next year. Qualcomm shares were off slightly to $72.58. 

Adobe 

Adobe impressed investors with its subscriber growth sending shares of its stock to an all-time high. The Photoshop and Acrobat maker said it saw a 22% jump in its creative cloud suite subscribers from last quarter. The CEO says he expects subscriber growth to continue and that sent shares soaring up almost 13% to $60.89

United Technologies

Shares of United Technologies fell today after the company revised its earnings outlook. The maker of elevators and air conditioners gave guidance for this year and next that just missed Wall Street’s estimates. Possible government spending cuts are weighing down its defense unit, which makes engines for Black Hawk helicopters.  Shares slipped less than a fraction to $107.35.

Honeywell

Honeywell unveiled a $5 billion buyback plan today. The announcement comes as the company’s old plan expires. Honeywell’s CEO said the new program shows the company’s confident about long-term growth prospects. Shares rose a fraction to $86.61.

AT&T

AT&T is hiking its quarterly dividend by 2.2% or 46 cents a share. It has increased dividends 30 years in a row.  The stock was down slightly to $33.85.

General Electric

Good dividend news from General Electric as well. It’s increasing its quarterly dividend by 16% The Dow component will be paying the 22 cent increase to shareholders at the end of January. Shares rose 1% to $26.84.

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