In the News: Google tests delivery drones, Apple announces September event and more

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Friday headlines include: Google acknowledges testing delivery drones, Apple announces new event scheduled for September 9, Wal-Mart beefs up online presence in China, Number of McDonald's shut down in Russia rises to eight, Big Lots posts disappointing earnings results

Google

Tech titan Google ( GOOGL ) has joined a growing list of companies testing delivery drones to delivery products to customers. The company's advanced research arm, Google-X, said it was testing a 5-foot-wide single-wing prototype, capable of carrying goods such as candy bars, dog treats, vaccines and radios to two farmers in the Queensland, Australia area.

Apple

Apple ( AAPL ) has announced a new event scheduled for September 9. While the only information on the event that Apple has revealed is "Wish we could say more", it is widely assumed that the company will unveil a couple new products at the event. A new iPhone is expected, and there are high expectations that the company will finally unveil the highly anticipated iWatch.

Wal-Mart

Wal-Mart ( WMT ) is looking to boost its online presence in China. The company has struggled to grow its brick-and-mortar sales in the nation, and hopes that it can achieve the growth it desires through its online arm in the country, Yihaodian. It has beefed up its product listings, and streamlined its mobile site in hopes of boosting online sales.

McDonald's

Russia has now shut down eight McDonald's ( MCD ) stores in the country. By Thursday, the country's consumer regulator, Rospotrebnadzor, had shut down the locations over alleged sanitary violations, but the real reason for the closings could be more related to the company's decision to pull away from the Ukrainian region of Crimea in April after it was annexed by Russia. McDonald's is also the subject of a lawsuit brought upon it by Rospotrebnadzor, which is attempting to ban some of its more popular offerings, stating food-safety violations.

Big Lots

Discount retailer Big Lots ( BIG ) reported second quarter results Friday morning. The company posted comparable same store sales growth of 1.7%, and announced a $125 million share repurchase program. Earnings during the quarter were $0.31 per share, topping the $0.30 consensus. Big Lots reaffirmed its full year guidance for same store sales growth in a range of 1% to 2%.

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.

Follow @mfatMicenter

This article was originally published on MarketIntelligeneCenter.com



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Technology

Referenced Stocks: GOOGL , AAPL , WMT , MCD , BIG

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