Electrolux Purchases GE Applicance; Amazon Drops Fire Phone Price
Stocks end the day mixed as the S&P 500 retreats from its record close on Friday. Swedish appliance company Electrolux has purchased GE Appliances for $3.3 billion. The deal will likely be finalized in 2015, but it still has yet to pass regulatory approval. If history repeats itself, Apple's (AAPL) stock is expected to end the day down tomorrow. Ever since the release of the iPhone 3, Apple's shares have ended the day in the red the day that the newest iPhone is unveiled. Amazon (AMZN) has dropped the price of its Fire Phone from $200 down to $0.99.While this sounds like a great deal, this offer is only available with a 2-year contract with AT&T (T).
Word on the Street
Published on Sep 8, 2014By InvestorGuide Staff