Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Apple (AAPL) is reportedly in talks to buy Japanese chip maker Renesas for as much as $1 billion. The Japanese company is one of the world's largest producers of chips for smartphone and tablet screens. The report coincides with separate reports that Apple could begin production of larger screens for the iPhone as soon as May.
We're also watching Amazon (AMZN) which will have a press event that the company says will provide "an update on its video business." It's rumored that Amazon will announce a streaming-video device that could rival Google's Chromecast and Apple TV. The event comes just after Amazon announced it green-lighted six original series that will be available to its Prime Instant video customers. The Amazon event is scheduled for 11am-Eastern.
Microsoft’s (MSFT) annual developer conference begins today. Among the news that could come out of the conference are updates to the Windows phone, including a new Siri-like voice assistant and some updates to Windows operating system.
Agribusiness giant Monsanto (MON) reported better-than-expected earnings this morning. The company beat earnings per share estimates by $0.08 and revenue grew 7% year-over-year to just better than expected. Monsanto said expansion in its global corn and soybean business drove the second quarter results. The company also reaffirmed its full-year guidance.
General Motors (GM) CEO Mary Barra will testify again today about how the company handled a faulty ignition switch recall, this time in front of a Senate committee. In yesterday's appearance in front of a House panel, Barra called the company's actions unacceptable and disturbing. She also said that GM was considering paying damages to the families of the victims who were in accidents due to the faulty ignition switch. Despite the problems GM has had with that and other recalls, one analyst says the company could see robust growth in the next few years. Mike Ward from Sterne Agee told CNBC that light vehicles sales could bring record profitability and cash flow in the next few years.
Chrysler announced it will recall almost 870,000 SUVs due to a break defect. The recall includes Jeep Grand Cherokees and Dodge Durangos from the model years 2011 through 2014. More than 644,000 of the recalled vehicles are in the United States. The company said it was aware of one accident related to the defect. Chrysler is a unit of Fiat SpA.