NEW YORK -- Facebook (FB) shares gained 3.3% to $26.25 on Wednesday on expectations that the world's largest social-media platform is poised to announce a new Android phone.
Sources said Facebook is going to build its own operating system, based off Google's Android, keeping users on the social network. The phone, which is reported to be an HTC phone, will come with Facebook's native apps, including Camera and Facebook Messenger to keep its users from venturing outside Facebook's walled garden.
Facebook is set to make the announcement at 10 a.m. PST on Thursday. TheStreet is covering the event live.
Google (GOOG) will launch a new version of its Nexus 7 tablet powered by Qualcomm's (QCOM) Snapdragon processor around July, two sources told Reuters. Google aims to ship as many as 8 million of the low-end tablets, the sources said. Windows Blue: Briefing On The Next Windows Platform
Lululemon (LULU) said Sheree Waterson, its chief product officer, is stepping down effective April 15. Lululemon said the departure was part of a plan to reorganize its product team to support long-term growth. The yoga wear maker wouldn't comment specifically if the departure was related to a recent problem with see-through pants. Lululemon's Reaction to Yoga Pants Mishap: Brilliant Marketing
Boeing (BA) received an order for 18 of its 787 Dreamliners from International Airlines Group, the parent of British Airways. The aircraft would replace some of British Airways' older fleet of planes. The 787s are scheduled for delivery between 2017 and 2021.
Greenbrier Cos. (GBX) is expected by analysts on Thursday to post fiscal second-quarter earnings of 37 cents a share on revenue of $442.9 million.
RPM International (RPM) is expected by Wall Street to report earnings of 6 cents a share in the third quarter on sales of $841.4 million.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV