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Stock Market & Financial Investment News

News Breaks
August 25, 2014
06:04 EDTSNE, AALAmerican Airlines flight diverted as Sony exec receives threat, Re/code reports
A San Diego-bound American Airlines (AAL) flight was diverted yesterday to Phoenix after a hacker group posted a bomb threat directed at one of the plane's passengers, Sony Online Entertainment (SNE) President John Smedley, Re/code reports. The hacker group was also responsible for a denial of service attack that brought down the PlayStation Network earlier Sunday. Reference Link
News For AAL;SNE From The Last 14 Days
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April 1, 2015
06:39 EDTAALDeutsche Bank downgrades three major U.S. airlines to Hold
Deutsche Bank this morning cuts it ratings on the three major U.S. airlines to Hold from Buy on concerns international sales will disappoint over the next few quarters. Analysts at Deutsche expect the combination of a strong U.S. dollar, capacity increases by non-US airlines and decelerating global GDP growth to pressure the foreign sales in 2015. To reflect its thesis, Deutsche downgraded shares of American Airlines (AAL), Delta Air Lines (DAL) and United Continental (UAL) to Hold from Buy. It cut its price target for American to $58 from $78, for Delta to $50 from $60 and for United to $70 from $85. Deutsche notes the downgrades reflects its 12-month view and that it remains positive on the stocks longer term.
06:33 EDTAALAmerican Airlines downgraded to Hold from Buy at Deutsche Bank
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06:31 EDTSNESony cuts stake in Olympus, Reuters reports
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March 31, 2015
13:29 EDTSNEAcacia subsidiaries enter into patent license agreements with Sony Mobile
Acacia Research (ACTG) announced that its Saint Lawrence Communications LLC and Saint Lawrence Communications GmbH subsidiaries have entered into patent license agreements with Sony (SNE) Mobile Communications.
11:49 EDTSNEFTC approves orders settling charges of false advertising by Sony for PS Vita
The FTC has approved two final orders settling charges that Sony Computer Entertainment America and its advertising agency at the time falsely advertised certain capabilities of the company’s PlayStation Vita handheld gaming console. According to the complaints, announced jointly in November 2014, Sony deceived consumers with false advertising claims about several “game changing” technological features of the PS Vita in late 2011 and early 2012. The Commission alleged that Deutsch LA, Sony’s advertising agency for the PS Vita launch, knew or should have known that the advertisements it produced contained misleading claims about the console’s capabilities. The FTC also alleged that Deutsch LA misled consumers by urging its employees to create awareness and excitement about the PS Vita on Twitter, without instructing them to disclose their connection to the advertising agency or its then-client Sony. Under the order, Sony will provide consumers who bought a PS Vita gaming console before June 1, 2012, either a $25 cash or credit refund, or a $50 merchandise voucher for select video games, and/or services. The FTC’s order with Deutsch LA bars it from making similar misrepresentations as Sony, and bars misrepresentations that an endorser of any game console product or video game product is an independent user or ordinary consumer of the product. It also requires the agency to disclose a material connection, where one exists, between any endorser of a game console product or video game product and Deutsch LA or other entity involved in the manufacture or marketing of the product. Reference Link
06:00 EDTSNESony Mobile to ship 38M smartphones in FY15, DigiTimes reports
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March 30, 2015
07:53 EDTSNEAlibaba signs digital music distribution deal for China with BMG, WSJ reports
Alibaba (BABA) will become an exclusive online distributor of BMG’s music and artists in China under a new digital music distribution deal, The Wall Street Journal reports. The partnership with BMG follows similar deals in China last year between Tencent (TCEHY) and music companies like Sony's (SNE) Sony Music Entertainment and Warner Music Group. Reference Link
March 29, 2015
13:55 EDTAALHawaiian Holdings expresses 'disappointment' on DOT decision on Haneda slots
Statement from Mark Dunkerley, President And CEO Of Hawaiian Airlines (HA), on DOT tentative decision on Haneda Slots: "The tentative decision issued by the U.S. Department of Transportation this morning to allow Delta Air Lines (DAL) to retain the valuable right to fly from Tokyo's Haneda International Airport for largely unused service to Seattle is tremendously disappointing. We are further disappointed that the U.S. DOT has determined that should Delta's planned service continue to fail, the Haneda slots will be assigned to American Airlines (AAL). Hawaiian is the only airline to have operated Haneda service continuously and successfully since the slot rights were granted. Our proposal provided more seats and would have resulted in more travelers flying between Japan and the United States than either Delta's or American's proposal. Kona is the largest unserved market in this proceeding, and Hawaiian's proposed route would have generated more economic benefit than that offered by either Delta or American. None of these facts are in dispute by the DOT. Sadly, by dismissing Hawaiian's proposed Kona route as just simply being additive to the routes already serving Hawaii, the DOT has once more failed to appreciate the geography of the 50th state. Kona and Honolulu are separate markets, separate communities and indeed are located on separate islands. The tentative ruling also reveals a long-held institutional bias among decision makers favoring the interests of U.S. business travelers over those of U.S. travel-related businesses and travelers in general. Hawaiian will be considering its next steps in this proceeding in the coming days."
March 26, 2015
06:32 EDTSNEGameStop pre-owned sales may see boost in Thursday earnings release, WSJ says
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March 25, 2015
06:16 EDTAALAmerican Airlines merging US Airways' Dividend Miles plan, AAdvantage, WSJ says
American Airlines is planning to combine two of its loyalty programs in the next few days: The frequent-flier program of its US Airways merger partner and the American AAdvantage plan, The Wall Street Journal reports, citing comments from AAdvantage President Suzanne Rubin. The "multistep, multiday process" will not be completed until early April and will transfer 30M accounts held by US Airways Dividend Miles customers into AAdvantage accounts. Reference Link
05:52 EDTSNEFoxconn to set up India production lines to respond to Sony demand, DigiTimes says
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March 24, 2015
12:57 EDTAALAmerican Airlines management to meet with SunTrust
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09:23 EDTAALHouse Transportation & Infrastructure Committee to hold a hearing
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08:04 EDTAALAirline estimates may have to come down, buy on weakness, says Cowen
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March 23, 2015
08:13 EDTAALBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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06:00 EDTSNESony to reduce TV, smartphone orders to Taiwan partners, DigiTimes reports
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March 20, 2015
06:36 EDTSNEWeb TV companies ask internet providers for special treatment, WSJ says
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06:06 EDTSNESony Mobile expected to reach revised smartphone shipment target, DigiTimes says
Sony Mobile said its Q4 smartphone shipments increased 20.2% sequentially to 11.9M units, reports DigiTimes. According to Taiwan-based hanset component suppliers, Sony Mobile is expected ship over 8M smartphones in the first calendar quarter of 2015, allowing the vendor to reach its revised target of 39.2M units for FY14. Reference Link
March 18, 2015
12:09 EDTSNESony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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07:49 EDTAALAmerican Airlines management to meet with Deutsche Bank
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