Hot Stock Minute

Sponsored by
Hot Stock Minute
  • DreamWorks dives; SodaStream pops; Twitter soars

    Kathy Cherpelis at Hot Stock Minute41 mins ago

    Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.

    Amgen (AMGN) shares rose in early trading. The biotech drugmaker said it would cut up to 2,900 jobs or about 15% of its workforce. It will also close two laboratories in Washington state and two manufacturing plants in Colorado. The cost-cutting moves are expected to help the company reallocate resources to fund the development of new drugs. The news of the layoffs come even as Amgen raised its earnings and revenue outlook for the year, and reported better-than-expected earnings and revenue. Profits rose 23%  from a year earlier and revenue jumped 11% thanks to strong sales for many of its drugs.

    Read More

  • McDonald's labor ruling; Twitter shares soar; 2Q GDP

    Dean Arrindell at Hot Stock Minute1 hr ago

    Read More