S&P 500 & Dow Post Best Gains of 2014; Sony to Cut 5,000 Jobs

After having mixed results all week there was a positive end to trading day on Thursday, as the Dow Jones and S&P 500 posted best point gains of the year. Sony (SNE) announced that it will be cutting as many as 5,000 jobs as the company has decided to sell its PC business to focus more on tablets and smartphones. On the plus side, Sony's game division was up 64% due to the recent launch of Sony's PS4. Today, Mathew Martoma was found guilty or insider trading becoming the eighth current or former SAC Capital employee to be convicted of insider trading charges.
Coca-Cola (KO) has decided to spend $1.25 billion for a 10% stake in Green Mountain Coffee Roasters (GMCR). Green Mountain will be launching Keurig Cold in 2015 and Coke is set to be an exclusive partner. AAA reminded drivers today that spring is on its way which typically means higher gas prices as refineries shut down for winter maintenance, which reduces the oil supply.

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Published on Feb 6, 2014
By InvestorGuide Staff

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