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UPDATED: Amazon AMZN sales up 35 percent in Fourth Quarter 2011

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(Best Syndication News) - Amazon.com (NASDAQ:AMZN) announced their 2011 fourth quarter sales were up 35 percent in 2011 compared to the same time the previous year. The company said that Amazon Kindle sales almost tripled during the holiday season. The company had a decrease in their net income for the fourth quarter and for the entire year.

Their net sales totaled $17.43 billion during 2011 in the fourth quarter. In 2010, during the same time, sales were $12.95 billion. However, net income decreased during the fourth quarter in 2011 compared to 2010. In the fourth quarter of 2011, the net income was $177 million with 38 cents per diluted share compared to $416 million in net income for the same period of 2010, with 91 cents per diluted share. This was a 58 percent decrease in net income.

Facebook compared to Google (GOOG) Microsoft (MSFT) and Yahoo (YHOO)

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(Best Syndication News) Stocks closed the day lower Monday as investors anticipate an announcement this week that Facebook will go public (see stock charts and graphs below). Their initial public offering could be announced as early as this week.

The S&P information technology sector was one of only two sectors that advanced Monday (see the sector charts below). Google Inc (NASDAQ:GOOG) and Yahoo! Inc. (NASDAQ:YHOO) declined in value while Microsoft Corporation (NASDAQ:MSFT) added value.

ABB to acquire Thomas & Betts Corporation sending Shares 23 Percent Higher

Going up Chart - BSN

(Best Syndication News) - Thomas & Betts Corporation (NYSE: TNB) will be acquired by ABB(NYSE: ABB) for $72 per share which equates to a $3.9 billion transaction. The closing price for the Thomas & Betts this Monday, January 30th, was $71.31 per share, up $13.36 (+23.05%).

The acquisition must first be approved by shareholders and by regulators. If all goes according to plan, the transaction should be completed in the summer of 2012.

Thomas & Betts has an estimated 2011 revenue of $2.3 billion with earnings of $390 million before interest, taxes, and depreciation and amortization. The company manufactures low-voltage and ultralow-voltage electrical products that include connectors, conduits, fittings, and wiring products for construction, industrial and utility industries. The company has around 9,400 employees.

Stock Market News – Nokia (NOK) Ford (F) Novo Nordisk (NVO) and Chevron (CVX) Report

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(Best Syndication News) Stock markets in the United States were mixed Friday after a down-day in Europe (see stock charts below). The utility sector fell sharply as the financial and info-tech sectors provided modest gains.

Large Cap Losers

Half of the stocks in our large-cap index were higher on Friday (see the large cap stock below). Nokia Corporation (ADR) (NYSE:NOK) declined more than any other constituent, down nearly six percent during the trading day.

Stock Market News – AT&T (T) and Alcoa (AA) Dow Losers - Caterpillar (CAT) and 3M (MMM) Winners

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(Best Syndication News) Markets in Asia are mixed Friday after a disappointing day on Wall Street Wednesday (see our stock charts below). The DJIA, the S&P 500, and the NASDAQ all opened the day higher but began to slide after poor economic news.

Dow Components

Only six of the 30 Dow Jones Industrial Average (INDEXDJX:.DJI) constituents were higher Thursday (see Dow chart below). AT&T Inc. (NYSE:T) was the big loser, down more than 2.5 percent on more than double the volume.

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