Private conglomerate Virgin Group -- along with its iconic helmsman Sir Richard Charles Nicholas Branson -- knows a thing or two about investing strategies. From airlines to media to mobile phones, the company has its fingers in a lot of pies. But according to a new website set to launch June 15, it appears that the next Virgin venture will be video games -- and that has leading studios like Activision Blizzard (ATVI) and Electronic Arts (ERTS) taking notice.

It's official: Target (TGT) has confirmed that it will begin selling the Amazon.com (AMZN) Kindle e-reader this weekend. The Amazon gadget will see a $259 price tag at Target stores' brick and mortar locations. Rumors of the Amazon Kindle and Target sales partnership between AMZN and TGT stock was first reported here about a month ago, and has finally been confirmed.

AT&T (T) announced today that it is eliminating unlimited data plans for its wireless service. The move comes conspicuously just before the expected launch of a new Apple (AAPL) iPhone in about a week, the data hungry device that is blamed by many as the culprit behind recent criticism of AT&T's network and reliability. Now that the Apple iPad is also draining AT&T bandwidth with 3G data plans for the tablet computer, it's clear T stock needs to do something about managing its wireless data network.

Motorola (MOT) has been one of those stocks that investors love to kick around. It peaked at almost $60 a share during the tech bubble days of 2000, slumped to $20 a share in 2006 amid increased competition from smartphones, and bottomed out at about $3 a share in March of 2009. But thanks to Google (GOOG) and its Android smartphone OS, Motorola and its Droid handset are profitable.

The bulls managed to hold above the S&P 500's 12-month moving average in May, which is a good sign.

ArcelorMittal (NYSE: MT), Nucor Corp. (NYSE: NUE), AK Steel Holding Corp. (NYSE: AKS), Freeport-McMoran Copper and Gold Inc. (NYSE: FCX), and U.S. Steel Corp. (NYSE: X) have all been touted as on the mend, but the worries about the global economy have cooled some of the enthusiasm for steel stocks in the past two weeks. Anticipating a recovery in the global economy, steelmakers have ramped up production since the beginning of the year. The recent troubles in Europe have caused expectations of a strong recovery to fade quickly and have generated concern that the supply of steel will outstrip demand and weigh down steel prices.

Hewlett-Packard Co. (NYSE: HPQ) has announced that it will "invest" $1 billion in its Enterprise Services business by taking a charge of $1 billion over several years to cut 9,000 jobs. That's one way of looking at layoffs. HP spent $13.9 billion in 2008 to acquire EDS, putting the company in a position to challenge IBM Corp. (NYSE: IBM) in the IT services business. Since then, IBM has widened its offerings in services, Oracle Corp. (NASDAQ: ORCL) has swallowed up Sun Microsystems, and SAP AG (NYSE: SAP) recently announced that it would pay $5.8 billion for Sybase Inc. (NYSE: SY). The common thread in all this is that scale and diversity are required to compete successfully.

If you're an aggressive trader who wants to get in during what appears to be the early stages of a reversal, these are the sectors you should focus on.

Carl Icahn, the gunslinger of private investors, once made an investment in more than 75 million shares of Yahoo! Inc. (NASDAQ: YHOO). Now Icahn is doubling his investment position in Lawson Software Inc. (NASDAQ: LWSN) to about 8.54% of Lawson's stock outstanding.

The aircraft production cycle is in full swing as Boeing and Airbus build out their fleets of new planes. The major companies involved in this high-revenue effort are in the fund iShares Aerospace/Defense (ITA), but it's useful to own a few individual companies as well. Today let's take a look at Goodrich (GR), a leading supplier of components, systems, and services to the commercial aviation and aerospace defense industries. The company is underappreciated and undervalued, so you should learn more about it.

Asda, the British retail chain owned by Wal-Mart Stores, Inc. (NYSE: WMT), has agreed to purchase the 193 UK stores of Denmark's Netto for $1.2 billion. The move is a first for both Asda and Walmart into the small footprint space that UK shoppers appear to prefer. An average Asda store has around 46,000 square feet of space, while the Netto stores have an average of just 8,000 square feet.

Pantene, the hair care line that generates $3 billion for personal products giant Procter and Gamble (PG), is no stranger to makeovers. And after the recession drove consumers into the arms of cheaper rivals, Pantene is reinventing itself yet again – the third rebranding since 1999 – in an effort to reconnect with consumers.

The US Department of Justice has started looking into complaints that Apple, Inc.'s (NASDAQ: AAPL) iTunes and related business practices in the music industry may be anti-competitive. The Apple inquiries are not yet a formal investigation of AAPL stock, but a move to find out whether or not a formal investigation by the Justice Department should be initiated into Steve Jobs and company.

Who's really worse, BP plc (BP) or Goldman Sachs (GS)? Consumers have plenty of reasons to be down on both companies right now. Energy giant BP is up to its elbows in oil as a deepwater well on the ocean floor continues to spew oil over a month after the initial failure, and Goldman is currently under investigation for allegedly peddling investments while at the same time profiting from those investments' failures.