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GoPro to buy mobile editing apps Splice, Replay

GoPro Inc. said Monday it has agreed to buy mobile editing apps Splice and Replay for an undisclosed sum. “Splice, Replay and GoPro will combine to deliver what we believe will be the fastest and most enjoyable mobile editing experience,” Nicholas Woodman, founder and CEO of GoPro, said in a statement. “We believe the accessibility, speed and efficiency of mobile will make it the predominant editing platform of the future.” Terms of the deals were also not disclosed. Shares of GoPro were flat in late trading Monday after ending the regular trading day off 3.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Ocwen’s black Monday: Nonbank discloses cavalcade of bad news

Ocwen Financial reported its fourth quarter and full-year 2015 financial results on Monday morning, and the news wasn’t good. The nonbank disclosed that it posted a big loss in 2015, making it the second year in a row that the company took a loss. And not only did the nonbank take a loss in 2015, it expects to take another in 2016. And that’s not all. Ocwen also disclosed that it is currently under a SEC investigation. …read more

From:: Real Estate Wire

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Amazon enters agreement to bring Wm Morrison products to Prime and Pantry customers

Amazon.com Inc. has entered into an agreement with UK-based Wm Morrison Supermarkets to bring hundreds of Morrisons products to British Amazon Prime Now and Amazon Pantry customers in the coming months. Amazon Pantry launched in the U.K. in November 2015 with more than 4,000 items across categories including food, household and baby. Wm Morrison Chief Executive David Potts said the supply agreement combines his company’s “fresh food expertise” with Amazon’s “online and logistics capabilities” in a Monday release. “This is a low risk and capital light wholesale supply arrangement that demonstrates the opportunity we have to become a broader business,” Potts said. Wm Morrison shares are up 5.6% in Monday trading while Amazon shares are up 0.6%. Amazon shares are up 47% for the past year while the S&P 500 is down 7.3% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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Sprint to open 500 new stores across U.S. in joint venture with Dixons Carphone

Sprint Corp. said Monday it is launched a joint venture with Dixons Carphone that will lead to the opening of up to 500 Sprint-branded stores across the U.S.. Dixons Carphone is a European wireless and consumer electronics retailer. “The joint venture is expected to help fuel Sprint’s retail transformation, including the expansion of its retail store footprint,” the company said in a statement. The companies will fund the venture equally and have a 50% stake in it. Sprint shares rose 0.6% in early trade, but are down 35% in the last 12 months, while the S&P 500 has lost about 7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News