Orlando, FL -- (SBWIRE) -- 09/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Marvell Technology Group Ltd.(NASDAQ:MRVL), BP plc (ADR) (NYSE:BP).
Marvell Technology Group Ltd.(NASDAQ:MRVL) shares dropped 0.84% to $12.45. MobiTV, a global leader in enabling delivery of live and on-demand TV everywhere, on Sept. 16 announced it is collaborating with Marvell and EchoStar Corporation (NASDAQ: SATS), a supplier of added-value, connected device solutions to the digital TV industry. Expanding MobiTV's footprint inside the home, its Digital Rights Management (DRM) agent and Marvell-powered media player are now integrated into EchoStar set-top boxes to ensure secure delivery of high-quality video content. As such, the collaboration now allows both companies to offer a truly end-to-end ecosystem to operators that is pre-integrated and pre-certified thus significantly reducing time to market.
Additionally, The company will begin trading ex-dividend on September 10, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on October 03, 2013. Shareholders who purchased MRVL stock prior to the ex-dividend date are eligible for the cash dividend payment.
Are investors worried about the recent updates with MRVL? Find out with a free trend analysis HERE
BP plc (ADR) (NYSE:BP) stock climbed 0.31% to $42.46. BP PLC has cancelled contracts to build a custom-made extension to a major oil project in the Gulf of Mexico, according to Reuters, which cited three people familiar with the matter on Sept. 13.
The Mad Dog extension project has been under review since April due to cost overruns and uncertainty surrounding oil prices. BP’s decision “will affect its output growth prospects and shows the increasing cost pressures on big oil projects worldwide,” Reuters said.
Additionally, the company on Sept. 12 has urged a federal judge to reject a $111 million budget request by the court-supervised administrator of the company's multibillion-dollar settlement with Gulf Coast businesses and residents following its 2010 Gulf oil spill. In a court filing, BP attorneys said claims administrator Patrick Juneau refused to cut his office's fourth-quarter budget request by at least $25.5 million after the company complained that it was excessive.
Is BP going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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