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
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