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Stock Market & Financial Investment News

News Breaks
December 18, 2012
08:51 EDTAMZNAmazon.com Kindle Fire holiday sales appear weak, says Pacific Crest
After conducting supply chain checks, Pacific Crest lowered its Q4 Kindle Fire unit sales estimate to 6M from 8M, and slashed its 2013 unit sales estimate for the device to 10.5M from 12.5M. The firm thinks this development is negative for Amazon's digital sales and it maintains a Sector Perform rating on the stock.
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February 15, 2015
16:45 EDTAMZNFAA proposes new rules for commercial operation of drones in U.S
The Department of Transportationís Federal Aviation Administration proposed a framework of regulations that would allow routine use of certain small unmanned aircraft systems, UAS, in todayís aviation system, while maintaining flexibility to accommodate future technological innovations. The FAA proposal offers safety rules for small UAS, under 55 pounds, conducting non-recreational operations. The rule would limit flights to daylight and visual-line-of-sight operations. It also addresses height restrictions, operator certification, optional use of a visual observer, aircraft registration and marking, and operational limits. Publicly traded companies in the space include General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), AeroVironment (AVAV), SAIC (SAIC), Textron (TXT), Amazon.com (AMZN) and GoPro (GPRO). Reference Link
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