Facebook, Google and other Internet leaders have grown rich selling products over wireless networks. With Tuesday’s agreement to acquire AOL, Verizon Communications served notice that it’s fighting back. AOL (AOL) will bring digital advertising technology to Verizon (VZ) in a battle for mobile revenue vs. Google (GOOGL), Facebook (FB) and others, analysts say. “This is about Verizon monetizing its network assets through
The camera is looking like the key for carmakers to unlock autonomous driving, as Mobileye delivered strong first-quarter results and customer wins Monday. The Israeli car-safety technology company’s design wins for its new EyeQ4 chip with a European automaker program and one in the U.S., plus having 13 carmakers working with its products on semiautonomous driving, “tells you the momentum that space has,” William Blair analyst
Specialty-drug giant and IBD 50 stock Actavis beat Wall Street’s first-quarter estimates Monday and for the first time offered 2015 earnings guidance that included newly acquired Allergan. Highly rated Ligand Pharmaceuticals (LGND) and Endo International (ENDP) also topped EPS targets. Actavis’ (ACT) earnings rose 23% vs. a year earlier to $4.30 a share, 37 cents above analysts’ consensus, according to Thomson Reuters. Sales jumped