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Stock Market & Financial Investment News

News Breaks
January 6, 2014
09:11 EDTOSTKOverstock.com to appeal ruling in California comparison advertising case
Overstock.com announced it will appeal the tentative ruling of a California trial court which prohibits the company from comparison price advertising unless done in conformity with new court-mandated practices which diverge widely from industry standards. President Stormy Simon said, "Respectfully, I believe this ruling is unjust... I am aware of the lengths we have gone to get this right on the millions of products that flow through our website. We will follow the ruling, while noting that the effects on our current practices will be small because, as we are the gold standard, we are already fanatic about getting this right. However, if fairly enforced, this ruling will force other retailers to change their processes dramatically (which makes one wonder why we are the ones who were targeted)."
News For OSTK From The Last 14 Days
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January 29, 2015
09:05 EDTOSTKOverstock.com reports Q4 EPS 6c, may not compare to one estimate 25c
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January 21, 2015
06:17 EDTOSTKOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
12:01 EDTOSTKOverstock.com to appeal patent infringement case
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