Market Movers : 3M Company (NYSE:MMM), Dollar Tree (NASDAQ:DLTR), Denny’s (NASDAQ:DENN), Forward Industries Inc. (NASDAQ:FORD), Amazon.com, Inc. (NASDAQ:AMZN)

Technology Stocks News 6

3M Company (NYSE:MMM) recently completed the acquisition of its Japanese joint venture Sumitomo 3M Ltd. to be the sole owner of the entity. 3M purchased Sumitomo Electric Industries Ltd’s 25% stake in the joint venture for approximately $865 million. Post acquisition, the business will be known as 3M Japan Ltd, with 3M having full control of one of its largest subsidiaries. 3M Company (NYSE:MMM) belongs to Industrial Goods sector. Its net profit margin is 15.30% and weekly performance is -0.54%. On last trading day company shares ended up $143.82. 3M Company (NYSE:MMhttp://www.technews.org/wp-admin/post.php?post=15117&action=editM) distance from 50-day simple moving average (SMA50) is 0.69%.

Dollar General, fighting to maintain its lead in the industry, raised its bid for Family Dollar Stores and threatened to take the offer directly to investors if it gets rejected again. Dollar General bid $9.1 billion, or $80 a share in cash, compared with an offer of $78.50 made two weeks ago that was rebuffed on antitrust concerns. Tuesday’s sweetened proposal escalates a bidding war against Dollar Tree, Inc. (NASDAQ:DLTR) which had won over Family Dollar with a July offer of $8.5 billion, or $74.50 a share — a deal seen as more friendly to antitrust regulators. If that merger goes ahead, Dollar General risks losing its rose as the largest dollar-store chain just as Wal-Mart Stores Inc. pushes into the market with smaller-format stores. Dollar Tree, Inc. (NASDAQ:DLTR) shares increased 0.95% in last trading session and ended the day at $54.97. DLTR Gross Margin is 35.30% and its return on assets is 20.30%. Dollar Tree, Inc. (NASDAQ:DLTR) quarterly performance is 1.21%.

Wilberforce University, the country’s oldest historically black private university, announced new leadership for its board of trustees as it fights for survival. Mark Wilson, CEO of eVerifile, will become chairman and John Miller, CEO and president of Denny’s Corporation (NASDAQ:DENN), becomes vice chairman. On 03 September, Denny’s Corporation (NASDAQ:DENN) shares increased 0.87% and was closed at $6.97. DENN EPS growth in last 5 year was 14.90%. Denny’s Corporation (NASDAQ:DENN) year to date (YTD) performance is -3.06%.

Forward Industries, Inc. (NASDAQ:FORD) on 25 Aug 2014 announced that on August 19, 2014 the Board of Directors terminated the employment of James McKenna as Chief Financial Officer, Treasurer and Assistant Secretary of the Company. Forward has engaged Financial Consulting Strategies LLC to provide the services of an interim financial director. Forward Industries Inc. (NASDAQ:FORD) ended the last trading day at $1.29. Company weekly volatility is calculated as 2.77%and price to cash ratio as 1.45. Forward Industries Inc. (NASDAQ:FORD) showed a weekly performance of 4.03%.

Amazon.com Inc (NASDAQ:AMZN)’s finance chief plans to step down next summer after more than a dozen years at the post, the e-commerce company said on Wednesday, at a time when more investors have been complaining about skimpy profits and high spending. Amazon.com, Inc. (NASDAQ:AMZN) shares fell -0.99% in last trading session and ended the day on $339.00. AMZN Gross Margin is 28.30% and its return on assets is 0.50%. Amazon.com, Inc. (NASDAQ:AMZN) quarterly performance is 10.50%.

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