Stocks to Watch: Microsoft, MetroPCS, Chevron
NEW YORK -- Microsoft
One person familiar with Microsoft's product plans told the newspaper that the 7-inch tablets weren't part of the company's strategy last year, but Microsoft executives realized they needed a response to the growing popularity of smaller tablets like Google's 7-inch Nexus, and Apple's 7.9-inch iPad Mini.
T-Mobile USA raised its bid for MetroPCS
The announcement from T-Mobile parent Deutsche Telekom
Deutsche Telekom said the original offer had T-Mobile USA contributing $15 billion in shareholder loans to the combined company. The new offer reduces those loans to $11.2 billion, "significantly increasing the equity value of the combined company."
The oil giant said U.S. production slipped because of maintenance on production platforms in the Gulf of Mexico.
In its interim quarterly report, Chevron said international production declined 1%.
Chevron said the price it received for oil fell, but natural gas prices rose.
Analysts expect Chevron to earn $3.09 a share in the first quarter, down from $3.27 a share a year earlier.
Pier 1 Imports
Drugstore chain Rite Aid
Outsourcing company iGate
-- Written by Joseph Woelfel
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