Now a look at some of the stocks the Yahoo Finance team will be watching for you today.
Apple (AAPL) today unveiled a new app called CarPlay that allows users to connect their iPhones to their cars. The app will let drivers make calls, listen to voicemails, use maps and listen to music all through voice or touch controls. The app will be rolled-out by Ferarri, Mercedes and Volvo this week. Many more car companies, including BMW, Ford and General Motors also plan to offer CarPlay in the future.
Two top Microsoft (MSFT) executives will leave the company, according to Re/Code. EVP of business development and evangelism Tony Bates and EVP of marketing Tami Reller, who both report directly to new CEO Satya Nadella, are leaving the company. Mark Penn, former adviser to Hillary Clinton, reportedly will take over as Chief Strategy Officer. The shakeup is the biggest yet under Nadella's management. Shares of Microsoft are up more than 5% since Nadella was named CEO on February 4th of this year.
Men's Wearhouse (MW) today said it received a draft merger agreement from rival Jos. A. Bank (JOSB). The companies also have agreed to exchange confidential information and enter good faith discussions to evaluate a potential merger. The two companies have been in a standoff for months over which company will take over the other.
- Investment & Company Information
- Satya Nadella