Box office hits helped Viacom rack up revenue. The media giant’s “Transformers” and “Teenage Mutant Ninja Turtles” movies sent its sales higher. Also, an increase in the affiliate rates that it charges cable and satellite TV providers helped results. That made up for weak TV ratings, which hurt advertising revenue. Shares were almost three percent higher, closing at $71.20.
A not so sunny outlook weighed on shares of SunPower. The second largest market of solar panels in the U.S forecast a much lower than expected 2015 profit. This follows light guidance from rival Canadian Solar. Shares were off more than one dollar to $28.08.
Blackberry is hoping to woo business uses with new software. The smartphone maker unveiled its new mobile device management platform and struck new partnerships, one with Samsung, aimed at bolstering its security and management business. That lifted shares up seven percent to $12.06.
Shares of Twitter took a dive after the company’s debt received a “junk” rating from credit agency S&P. The agency says the social media company has a fair risk profile and it holds a stable outlook on the firm. The stock was down $2.50 to $40.04.
Amazon & Hachette
Amazon and Hachette have buried the hatchet. The months-long stand-off between the online retailer and the publisher is finally over after the two companies cut a multi-year deal on e-book and print sales. The feud was mainly over e-book pricing, under the new terms Hachette will set consumer prices. That will go into effect in 2015. Shares of Amazon rose more than 1.5 percent to $316.48.
UPS shares fell after the delivery company forecast 2015 earnings below expectations. The CEO also told investors that it will return $30 billion to shareholders over the next five years. Still, shares were down slightly to $107.79.