News Buzz: Yahoo (YHOO), Apple (AAPL), Visa (V), PayPal (PYPL), Netflix (NFLX)


Shares of AT&T, Inc. (T) are slightly higher by 0.04% to $38.51 late Wednesday morning. The Dallas-based telecommunications giant has made a bid for Yahoo! Inc‘s (YHOO) core internet business, according to sources cited by Bloomberg. AT&T had previously indicated it was not interested.

Shares of Yahoo are down 2.93% at $36.43 as of this writing.

Apple Inc (AAPL) is investigating how to charge electric cars, talking to charging station companies and hiring engineers with expertise in the area, Reuters reports, citing unnamed sources privy to the company’s plans and a review of LinkedIn (LNKD) profiles.

The publication also says that “[f]for more than a year, Silicon Valley has been buzzing about Apple’s plan to build an electric car. Now the company appears to be laying the groundwork for the infrastructure and related software crucial to powering such a product.”

Apple shares recently rose 1.55% to $99.44, the highest level since April 28.

Visa Inc. (V) – Visa’s CEO Charlie Schar has threatened to go after PayPal (PYPL) “in ways that people have never seen before”. That news comes from re/code, quoting Scharf as saying he wants “PayPal to stop urging its users to fund their PayPal accounts with their bank accounts — a method called ACH — instead of debit or credit cards. Such an arrangement is more profitable for PayPal, but a problem for card companies like Visa.”

Netflix, Inc. (NFLX) – The WSJ reports the European Union’s executive body on Wednesday proposed legal changes that could force Netflix and other online-video providers to help finance European-made films. The report notes that changes may have significant financial impact for on-demand video platforms.

With its stock at $99.75, Netflix’s market capitalization stands at just under $43 billion.

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