Here are 5 companies that are making news:
BHP Billiton (BHP) announced it will spin off its coal, manganese, nickel and silver assets to simplify its portfolio and maximize “productivity-led gains.” Meanwhile, BHP will focus on its core portfolio of iron ore, copper, coal, petroleum and potash holdings.
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Google (GOOG) is making the bold move into children’s internet offerings and will be marketing email accounts and a special version of YouTube for children under the age of 13. Parents can set up accounts for their children and set controls. Few internet players were interested previously in marketing to the pre-teen crowd because of restrictions on the amount of information about children under 13 can be put online, under the Children’s Online Privacy Protection Act.
Samsung is buying U.S. air conditioner company Quietside to expand its technology to household products. The company is making an effort to create a “smart home” filled with high-tech automated products.
Sprint is offering Family Share Packs to bring it in line with competitors Verizon (VZ) and AT&T (T). These shared data plans will be available at $100 per month, and incentives will be offered to those who switch to Sprint from other brands.
AstraZeneca (AZN) announced that government investigations have ended into clinical trials of its heart drug, Brilinta. However, even though questions about trials might have been settled, there are many on Wall Street who are cautious about claims concerning the drug, in addition, that it can produce $3.5 billion annually.