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May 24, 2013
16:00 EDT	GOOG, AAPL	Options Update; May 24, 2013 Subscribe for More Information

15:37 EDT	GOOG	Google plans wireless networks in Africa, Asia, WSJ reports Subscribe for More Information

12:34 EDT	BAC	Bank of America seeking buyers for 40 branches, Bloomberg reports Subscribe for More Information

11:22 EDT	AAPL	Best Buy to cut iPhone prices, AllThingsD says Subscribe for More Information

10:40 EDT	AAPL	Apple's iOS to become flatter, more black and white, 9to5Mac says Subscribe for More Information

09:43 EDT	GOOG, AAPL	Active equity option families trading Subscribe for More Information

07:49 EDT	GOOG, AAPL	Rumors of Google interest in Waze unfounded, TechCrunch says After Bloomberg, citing "people familiar with the matter," said Google (GOOG) is considering a bid for map and traffic app maker Waze, TechCrunch countered that multiple credible sources it contacted "have poured cold water on the Google rumor." Facebook (FB) and Apple (AAPL) have previously been suggested as expressing interest in Waze, but the Bloomberg report said Apple was not among the "large tech companies” that have recently approached Waze, TechCrunch noted. Reference Link

07:44 EDT	GOOG	Facebook delays release of HTC First phone in Europe, FT reports Facebook delayed release of its customized Android phone in Europe, following negative customer feedback in the U.S., reports the Financial Times. The new HTC First was released in the U.S. last month.Reference Link

07:33 EDT	GOOG	Google ad sales draws FTC probe, Reuters reports Subscribe for More Information

07:20 EDT	GOOG	Facebook may face bidding war with Google for Waze, Bloomberg says Subscribe for More Information

07:11 EDT	AAPL	Apple nearly tax free in Ireland since 1980, Reuters reports Subscribe for More Information

07:11 EDT	GOOG	Google seems to be copying Amazon's moves, WSJ reports Google (GOOG) increasingly appears to be following Amazon.com’s (AMZN) lead. Last year, Amazon rolled out AmazonSupply, an e-commerce site featuring industrial goods, and Google followed suit this January, reports the Wall Street Journal.Reference Link

06:21 EDT	GOOG	AU Optronics to supply panels for next-generation Nexus 7, DigiTimes says Subscribe for More Information

06:10 EDT	GOOG, AAPL	On the Fly: Periodicals Wrap-Up Subscribe for More Information

06:05 EDT	AAPL	FDA targets IPhone urinalysis app, Bloomberg reports Subscribe for More Information

05:56 EDT	GS	Goldman Sachs imposes checks on conflicts to help restore image, Reuters says Subscribe for More Information

May 23, 2013
20:04 EDT	GOOG	Google considering acquisition of Waze, Bloomberg reports Waze is said to have fielded expressions of interest from several parties, which could create a possible bidding war, according to Bloomberg.

19:50 EDT	AAPL	Apple faces potential setback in e-books case, WSJ reports Subscribe for More Information

17:54 EDT	GOOG	Google loses bid to block imports of Xbox One, Bloomberg says The ITC ruled that Microsoft's (MSFT) new Xbox One does not infringe patents held by Google's (GOOG) Motorola Mobility unit, preventing Google from getting imports of Xbox One to the U.S. blocked, reports Bloomberg. Reference Link

17:11 EDT	GOOG	Google loses bid to block U.S. imports of Microsoft's Xbox, Bloomberg reports Subscribe for More Information

17:11 EDT	GOOG	Google facing new antitrust probe from FTC, Bloomberg says Subscribe for More Information

16:01 EDT	GOOG	VIX methodology for Google up 5% to 22.88, will face antitrust probe

16:00 EDT	GOOG, AAPL, C	Options Update; May 23, 2013 Subscribe for More Information

15:58 EDT	GOOG	Google facing new FTC probe over display ad practices, Bloomberg says

12:52 EDT	GOOG	Google cuts data storage prices Google earlier today announced that it was reducing its Google App Engine data storage prices by up to 25%. Reference Link

10:10 EDT	GOOG	Google Glass reportedly to use Samsung OLED displays, SlashGear says Subscribe for More Information

09:59 EDT	AAPL	Analyst: Apple won't launch computerized watch until late 2014, BGR says Subscribe for More Information

09:37 EDT	GOOG, AAPL	Active equity option families trading on open Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ

09:25 EDT	AAPL	Samsung's Galaxy S4 reaches 10M channel sales Samsung Electronics announced that global channel sales of its GALAXY S4 has surpassed 10M units sold in less than one month after its commercial debut. Launched globally on April 27 in 60 countries, the phone is estimated to be selling at a rate of four units per second.

08:10 EDT	GOOG	Google's Schmidt defends taxes in U.K., FT reports Subscribe for More Information

07:12 EDT	BAC	Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports Subscribe for More Information

07:11 EDT	AAPL	EU's Barnier wants big companies to disclose national tax bills, Reuters reports Subscribe for More Information

06:08 EDT	AAPL, BAC	On the Fly: Periodicals Wrap-Up Subscribe for More Information

06:04 EDT	AAPL	Apple hoping to launch music service at June conference, NY Post reports Subscribe for More Information

05:45 EDT	AAPL, GOOG	Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports Subscribe for More Information

May 22, 2013
16:25 EDT	GS	On The Fly: Closing Wrap Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35.

16:00 EDT	C, GOOG	Options Update; May 22, 2013 Subscribe for More Information

14:29 EDT	GS	Goldman Sachs volatility near low end of historic range Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement.

14:27 EDT	GOOG	comScore says Google Sites lead April U.S. online video rankings Subscribe for More Information

14:06 EDT	GOOG	Google’s X Phone confirmed for Sprint, BGR says Subscribe for More Information

13:07 EDT	GS	KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link

12:07 EDT	AAPL	Consumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says Subscribe for More Information

09:42 EDT	AAPL	Apple rises in early trading, levels to watch Subscribe for More Information

09:39 EDT	GOOG, AAPL	Active equity option families trading Subscribe for More Information

09:02 EDT	C, GS, BAC	Financials upgraded to Overweight from Market Weight at Wells Fargo Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list.

07:45 EDT	C	Citigroup price target raised to $60 from $53 at Credit Suisse Credit Suisse said Citigroup's International markets have had faster growth and provide a source of additional revenue opportunity. The firm expects 2013 ROE of 13.2% vs. 11.9% in 2012 and sees positive operating leverage driving improved profitability. Shares are Outperform rated.

07:22 EDT	BAC	Dun & Bradstreet to hold a conference 2013 Access to Capital is being held in Chicago on May 22.

07:10 EDT	AAPL	Apple bonds lose $280.6M as rates increase, Bloomberg reports Apple’s bonds have lost $280.6M of market value since buyers bought $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, reports Bloomberg.Reference Link

07:09 EDT	AAPL	Apple used unusual tax loophole in Ireland to shelter billions, Reuters reports Subscribe for More Information

06:12 EDT	C	Russia becomes a tougher market for foreign banks, Reuters reports Foreign banks that once treated Russia as new territory where easy money could be made are now finding it a cut-throat market tougher than some bargained for, reports Reuters. While players such as Citi and Austria's Raiffeisen thrive, many have found post-Soviet Russia too hard to penetrate: rife with credit, legal and corruption risks, and dominated by state giants Sberbank and VTB.Reference Link

06:02 EDT	AAPL	On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports.

May 21, 2013
19:39 EDT	GOOG	Google tax behavior to be criticized by U.K. party leader, Reuters says Subscribe for More Information

18:56 EDT	GS	On The Fly: After Hours Movers Subscribe for More Information

17:03 EDT	GS	Merck announces $5B share repurchase Subscribe for More Information

16:04 EDT	AAPL	Options Update; May 21, 2013 Subscribe for More Information

10:42 EDT	GOOG	Google tests support at $900, levels to watch The shares have had an amazing run-up over the last month, gaining nearly 14% in the process. Today, support at the $900 level is being tested with shares having broken that level to reach $897.61 and then bouncing slightly back above $900. If the stock can close back above $900 today, it will have passed the first test of support at this area. If it fails to do so, it could give bears in the stock an opportunity to sell and chase out longs in the name. First support today is at the session low at $897.61. Resistance is at $903.87.

09:42 EDT	AAPL, C	Active equity option families trading on open Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C

09:34 EDT	AAPL	Apple trades lower, levels to watch The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46.

09:33 EDT	GS	Bloomberg LINK to host a summit Subscribe for More Information

08:12 EDT	AAPL	Senate Homeland Security and Governmental Affairs Committee to hold a hearing The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link

07:50 EDT	AAPL	Ireland rejects allegations that it's a tax haven, FT reports Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link

07:13 EDT	C, BAC, GS	U.S. bank mergers less likely this year, Bloomberg reports Subscribe for More Information

07:12 EDT	GS	Credit Suisse now second largest Asia prime broker, Reuters reports The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link

07:05 EDT	AAPL	Senate report says Apple avoided paying taxes on $44B of income, Politico says Subscribe for More Information

06:10 EDT	GS	On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports.

05:46 EDT	GS	Thomson Reuters, others to challenge Bloomberg messaging, WSJ reports Subscribe for More Information

May 20, 2013
17:12 EDT	AAPL	Apple has avoided paying taxes on operations for five years, U.S. Senate says Subscribe for More Information

17:11 EDT	AAPL	Apple Operations International has no physical presence, says Senator Levin Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added.

16:02 EDT	AAPL, GOOG	Options Update; May 20, 2013 Subscribe for More Information

15:19 EDT	AAPL	Apple sees paying over $7B in taxes to U.S. in current fiscal year Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link

12:32 EDT	C	Citigroup announces departure of CitiMortgage head, organizational changes Subscribe for More Information

12:04 EDT	AAPL	Apple rumored to be testing OLED for iWatch, AppleInsider says Subscribe for More Information

11:49 EDT	C	Wells, Citi halt most foreclosure sales amid OCC scrutiny, American Banker says Subscribe for More Information

10:11 EDT	BAC	On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel.

09:40 EDT	AAPL, GOOG, C	Active equity option families trading Subscribe for More Information

07:53 EDT	GOOG	Google ex-employee claims evidence of U.K. tax evasion, FT says Subscribe for More Information

07:50 EDT	C	Gulf wealth funds raise private equity investments, Reuters reports Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link

06:41 EDT	GS	Goldman Sachs seeking to sell stake in Chinese bank, Reuters reports Subscribe for More Information

06:27 EDT	AAPL	Apple MacBook orders to rise 20% sequentially in Q2, DigiTimes says Subscribe for More Information

06:23 EDT	AAPL	Apple next-generation iPad trial production to begin soon, Digitimes says Subscribe for More Information

05:39 EDT	BAC	Bank of America downgraded to Market Perform from Outperform at Keefe Bruyette Keefe Bruyette downgraded Bank of America with a $13.50 price target citing valuation.

May 17, 2013
16:00 EDT	GOOG, AAPL, BAC	Options Update; May 17, 2013 Subscribe for More Information

14:03 EDT	GOOG	Market set to finish week with gains after Cisco results, comments Subscribe for More Information

12:13 EDT	AAPL	Samsung says S4 sales to reach 10M next week, Korea Times says Subscribe for More Information

12:01 EDT	AAPL	iPad mini panel shipments from AUO expected to drop this quarter, DigiTimes says AU Optronics' (AUO) shipments of panels for Apple's (AAPL) iPad minis are expected to sink to 2.5M-2.8M in Q2 from 4M in the first quarter, Taiwan-based supply chain sources stated, according to DigiTimes. Reference Link

11:05 EDT	AAPL	Apple devices approves for use on U.S. military networks, Bloomberg says Subscribe for More Information

10:20 EDT	BAC	Bank of America rises, levels to watch Subscribe for More Information

09:57 EDT	AAPL	Apple devices approved for use by Pentagon, Bloomberg reports Subscribe for More Information

09:38 EDT	GOOG	Google rises following price target bump, levels to watch Subscribe for More Information

09:37 EDT	AAPL, GOOG	Active equity option families trading on open Subscribe for More Information

08:53 EDT	GOOG	Google price target raised to $1,065 from $875 at Argus Subscribe for More Information

07:11 EDT	AAPL	Apple to suggest tax reform for offshore cash, Bloomberg reports Subscribe for More Information

07:10 EDT	GOOG	U.K. to question Amazon over income tax, Reuters reports Subscribe for More Information

06:43 EDT	AAPL	Apple disputing government's e-book allegations, NY Times says Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link

06:36 EDT	GOOG	Google to add new apps to Google Glass, NY Times says Subscribe for More Information

06:12 EDT	AAPL	Apple losing its edge as innovator, poll shows, Bloomberg reports Subscribe for More Information

06:06 EDT	AAPL	On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports.

May 16, 2013
18:42 EDT	GOOG	Google sent letter by Congress over Glass privacy issues, WSJ reports Subscribe for More Information

14:01 EDT	GOOG, AAPL	Options Update; May 16, 2013 Subscribe for More Information

13:05 EDT	AAPL, GOOG	Spending on Apple, Android video games jumped in Q1, AllThingsD says In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link

10:25 EDT	GOOG	Microsoft discussing 'glasses' tech with Vuzix, NY Post says Subscribe for More Information

10:20 EDT	AAPL	Apple reverses sharply higher after breaking below $420 Subscribe for More Information

10:03 EDT	AAPL	On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen.

09:44 EDT	AAPL	Apple falls in early trading, levels to watch The shares are down over 1.6% to $420.77. At that price, next support is at $419.85. Resistance is at $424.85. Among issues that could be contributing to the price decline are continued cutting of postions by hedge funds long the stock, a news item that Apple and its supplier Foxconn are violating work-hour laws in China, and a U.S. Senate inquiry into its treatment of taxes and non-patriated foreign profits.

09:36 EDT	GOOG, AAPL	Active equity option families trading on open Subscribe for More Information

09:05 EDT	GS	SolarCity, Goldman Sachs collaborate on solar lease financing platform Subscribe for More Information

08:36 EDT	AAPL	Apple says over 50B apps downloaded from App Store Apple announced that customers have downloaded over 50B apps from its App Store. Customers are downloading more than 800 apps per second at a rate of over two billion apps per month on the App Store, the company added.

08:33 EDT	C	BofA/Merrill's gobal financial analysts hold an analyst/industry conference call Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am.

07:40 EDT	AAPL	Foxconn and Apple exceeding work-hour laws in China, WSJ reports Subscribe for More Information

07:36 EDT	GOOG	Google price target raised to $1,025 from $830 at RW Baird RW Baird raised its price target for Google shares to $1,025 following the company's I/O conference and keeps an Outperform rating on the name. Baird thinks Chrome continues to gain momentum and that yesterday's event highlighted Google's technology advantages. Shares of Google closed yesterday up $28.79 to $915.89, and are indicated up another $5.66 in pre-market trading.

07:18 EDT	BAC, C	Investors bet on banks hit by credit crisis, Bloomberg reports Subscribe for More Information

07:10 EDT	GOOG	Google to help with supercomputing project, WSJ reports Subscribe for More Information

07:02 EDT	GOOG	YouTube demands that Microsoft pull YouTube app, The Verge reports Subscribe for More Information

06:47 EDT	AAPL	Apple initiated with a Neutral at Susquehanna Subscribe for More Information

06:41 EDT	GS, C, BAC	Big banks to benefit from U.S. concession on derivatives, NY Times says Subscribe for More Information

06:19 EDT	GS	U.K. judge rules Goldman Sachs tax deal didn’t break law, Bloomberg reports Goldman Sachs Group's deal with the U.K. government that may have saved the investment bank about $30.6M on its taxes didn’t break any laws and was properly conducted, a judge ruled, reports Bloomberg. Reference Link

06:08 EDT	GOOG	On the Fly: Periodicals Wrap-Up Subscribe for More Information

05:59 EDT	GOOG	High tech firms involved in immigration battle, WSJ reports Subscribe for More Information

May 15, 2013
17:09 EDT	GOOG, AAPL	Greenlight gives quarterly update on stakes NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG).

17:03 EDT	GOOG, AAPL, C	Soros gives quarterly update on stakes NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).

16:24 EDT	GOOG	On The Fly: Closing Wrap Subscribe for More Information

16:08 EDT	GOOG	Google sites lead U.S. April searches with 66.5% of searches, comScore says Subscribe for More Information

16:02 EDT	C, AAPL, GOOG	Options Update; May 15, 2013 Subscribe for More Information

15:55 EDT	AAPL	Apple slide attributed to 13F filings, bearish '$240 per share' call, BI says With Apple's stock down sharply over the last two days, analysts and media sources searching for a reason have pointed to 13F filings that show hedge funds have been trimming or liquidating their positions, as well as a publicized call from an Apple bear who said the stock is only worth $240 per share based on its Return On Invested Capital, said Business Insider. Reference Link

15:32 EDT	C	Citigroup April net charge-offs 3.11% vs. 3.19% last month Citigroup April delinquencies 2.1% vs. 2.17% last month

14:27 EDT	GOOG	Google unveils redesigned Maps for mobile Subscribe for More Information

13:20 EDT	AAPL	Apple's slide picks up momentum, levels to watch The shares have been on a very steady downward track today, last at $426.45. That is a loss of over 3.9%. At current price, next support would be at $420.05. Resistance is at $428.43.

13:17 EDT	GS	Goldman Sachs COO says will address Fed's CCAR concerns Subscribe for More Information

13:15 EDT	GS	Goldman Sachs COO says wouldn't cut equities on first move by Fed Subscribe for More Information

13:15 EDT	GS	Goldman Sachs volatility near low end of historic range Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement.

13:01 EDT	GOOG	Google says Chrome browser now has over 750M users Subscribe for More Information

12:59 EDT	GOOG	Google confirms plan to sell Samsung Galaxy S4 in Google Play store Says GS4 will be available on AT&T (T) and T-Mobile (TMUS) networks.

12:53 EDT	GOOG	Google says All Access music service available for $9.99 per month Subscribe for More Information

12:49 EDT	GOOG	Google announces subscription streaming music service Subscribe for More Information

12:26 EDT	GOOG	Google announces Google Play Game Services Subscribe for More Information

12:13 EDT	GOOG	Google says 900M Android devices now activated worldwide Subscribe for More Information

11:48 EDT	C	Appaloosa reports new stakes in Comcast, Ashland, sells Oracle David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M.

11:37 EDT	AAPL	Microsoft replacing Xbox points with gift cards, currency, The Verge reports Subscribe for More Information

10:13 EDT	BAC	Bank of America reports April card write-offs 4.55% vs. 4.33% last month Subscribe for More Information

10:02 EDT	GOOG	Google breaks out above round-number resistance at $900 Subscribe for More Information

10:01 EDT	GOOG	Google volatility decreases as shares rally to record into Google I/O Subscribe for More Information

09:55 EDT	AAPL	Apple slides further, levels to watch Subscribe for More Information

09:55 EDT	AAPL	Tiger Management liquidates stake in Apple Julian Robertson's Tiger Management disclosed today in its quarterly filing that it held no position in Apple. The hedge fund reported owning 42K shares of Apple as of December 31, 2012.

09:43 EDT	GOOG	Active equity option families trading on open Subscribe for More Information

09:32 EDT	AAPL	InvenSense has multiple positive catalysts, says Pacific Crest Pacific Crest thinks that InvenSense (INVN) remains extremely well positioned to penetrate Apple (AAPL) this year. The firm expects InvenSense to recover market share on Samsung's (SSNLF) Galaxy Note 3, and it recommends buying InvenSense shares.

09:25 EDT	AAPL	Apple unlikely to launch low cost iPhone, says Pacific Crest Subscribe for More Information

09:19 EDT	GOOG	On The Fly: Pre-market Movers Subscribe for More Information

08:56 EDT	AAPL	Apple fingerprint sensor seems confirmed by PayPal exec, BGR says Subscribe for More Information

08:33 EDT	GOOG	Google to announce "pure" Android version of Galaxy S4, Geek.com says Subscribe for More Information

08:19 EDT	AAPL, GOOG	Samsung shipped 6M Galaxy S4 devices through May 10, androidcentral says Subscribe for More Information

08:08 EDT	AAPL	PC sales decline in Western Europe, Economic Times reports Subscribe for More Information

07:39 EDT	GOOG	Google to host a conference Google I/O 2013 is being held in San Francisco on May 15-17.

07:26 EDT	GOOG	Google price target raised to $996 from $932 at Morgan Stanley Subscribe for More Information

07:21 EDT	GOOG	Pandora down 4% to $16.10 after reports of Google music service Subscribe for More Information

06:52 EDT	GOOG	Google won't connect YouTube, Google Play music offerings, AllThingsD says Google is expected to launch music subscription services on both YouTube and Google Play, but won't connect the two services, unnamed music industry sources stated, according to AllThingsD.As a result, YouTube's free music won't help sell subscriptions to Google Play's service, the website stated. Reference Link

06:42 EDT	AAPL	U.S. says Apple was "ringmaster" in e-book price fixing scheme, NY Times says The Justice Department is alleging that Apple (AAPL) was "the ringmaster" in an e-book price fixing scheme, according to The New York Times, citing a lawsuit filed by the agency. One piece of evidence the agency is using to try to prove that charge is an e-mail from former Apple CEO Steve Jobs to News Corp's (NWSA) James Murdoch, in which Jobs allegedly suggested that the two companies set specific prices for e-books, the newspaper added. Reference Link U

06:34 EDT	GS	JPMorgan CEO has obtained advice from Goldman counterpart, NY Times says JPMorgan (JPM) CEO Jamie Dimon has spoken with his counterpart at Goldman Sachs (GS), Lloyd Blankfein, a number of times in recent months about the challenges that Dimon is facing, according to The New York Times, which cited unnamed sources. Reference Link J

May 14, 2013
18:39 EDT	GOOG	Google to launch Spotify-like music service, WSJ reports Subscribe for More Information

18:28 EDT	C	Citi announces sale of Credicard to Banco Itaú Unibanco Subscribe for More Information

17:50 EDT	GOOG	Google to launch Spotify-style streaming music service, DJ reports Subscribe for More Information

16:00 EDT	C, AAPL	Options Update; May 14, 2013 Subscribe for More Information

15:16 EDT	AAPL	Apple fades to session lows, down over 2%, levels to watch The shares last hit $443.92 at time of writing. Next support below is at $439.29. Resistance is at $445.25, a prior pivot high.

13:59 EDT	AAPL	Apple shares drop, down 2% to $445.84 Subscribe for More Information

13:54 EDT	GOOG	Google CEO Page discloses left vocal chord paralysis Subscribe for More Information

11:12 EDT	AAPL, GOOG	BlackBerry plans to bring BBM to iOS, Android this summer Subscribe for More Information

11:01 EDT	AAPL, GOOG	BlackBerry says bringing BBM platform to iOS, Android Says BBM on Google's (GOOG) Android and Apple's (AAPL) iOS to start with messaging, other BBM features to follow. Comment from CEO Thorsten Heins speaking at BlackBerry Live event.

10:53 EDT	BAC	Bank of America breakout continues, levels to watch The breakout back above what was persistent resistance at the $12.50 area has now taken on a firmer bullish footing. Shares are trading at multi-year highs, last at $13.25. At that price, resistance is now at $13.56 and then at $13.84. Support is at $13.01.

10:07 EDT	AAPL	Groupon introduces Breadcrumb point-of-sale app for iPad Subscribe for More Information

09:54 EDT	GOOG	Synacor to present Cloud ID with Google+ Synacor (SYNC) announced it will demo Cloud ID Social Login with Google+ and advanced TV Everywhere technologies in the Developer Sandbox at Google I/O, May 15-17.

09:38 EDT	AAPL	Active equity option families trading on open Subscribe for More Information

09:25 EDT	GOOG	Google to expand Fiber service to Gladstone, Missouri Subscribe for More Information

09:01 EDT	GS	NVIDIA in $750M accelerated share repurchase pact with Goldman Sachs Subscribe for More Information

08:44 EDT	BAC	Bank of America management to meet with Deutsche Bank Subscribe for More Information

08:33 EDT	C, BAC, GS	CFTC investigates swap contracts, FT reports The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link

08:18 EDT	AAPL, C	David Tepper says Citigroup position 'more than twice' Apple stake Subscribe for More Information

08:16 EDT	AAPL	David Tepper says Apple shares 'ok' at current levels Subscribe for More Information

08:15 EDT	AAPL	David Tepper says still owns Apple, cut stake 'a little bit' David Tepper of Appaloosa Management is speaking on CNBC.

08:10 EDT	C	David Tepper says biggest position remains Citigroup Subscribe for More Information

08:10 EDT	C	David Tepper says biggest position remains Citigroup Subscribe for More Information

07:59 EDT	GS	Glass Lewis: Investors should oppose Goldman Sachs pay plan, Bloomberg reports Subscribe for More Information

07:50 EDT	AAPL	Apple to reach 50B app downloads before Wednesday, Fortune reports Apple is expected to reach 50B app downloads in before midnight Tuesday, reports Fortune. With apps being downloaded at the rate of 580 per second today, things may accelerate considerably as the goal approaches. Reference Link

07:50 EDT	AAPL	Sharp to seek increased sales to Samsung, Reuters reports Sharp Corp. (SHCAY), a supplier to Apple (AAPL), will look to increase sales to rival Samsung Electronics (SSNLF) under a three-year rehabilitation roadmap to secure its survival, reports Reuters. The business plan is expected to be released today, and will lean further on banks that last year saved it from failure, as a $2B convertible bond will fall due in September, sources say. Reference Link

07:32 EDT	GOOG	Google ordered to change search hints by German court, AP reports Subscribe for More Information

06:52 EDT	GOOG	Google likely to focus on new Android services at conference, AllThingsD says Subscribe for More Information

06:22 EDT	AAPL	Gartner reports Q1 mobile phone sales growth Subscribe for More Information

06:19 EDT	BAC	Brokerage firms see market share drop, competition increase, Bloomberg reports Subscribe for More Information

06:01 EDT	GS	Goldman looking to lessen reliance on Bloomberg, NY Post reports Subscribe for More Information

05:53 EDT	AAPL	Web browsers are being reinvented, WSJ reports Subscribe for More Information

May 13, 2013
15:45 EDT	AAPL	Options Update; May 13, 2013 Subscribe for More Information

15:04 EDT	GS, BAC, C	Fed says large banks must submit midyear stress tests on July 5 Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added.

13:21 EDT	GOOG	Google unifies storage limit, says 15 GB available free across services Google announced earlier in a blog post that its users will now get 15 GB of unified storage for free to use between Drive, Gmail, and Google+ Photos. The changes to Google Drive storage will roll out over the next couple of weeks and Google Apps users will also be getting shared storage, the company said. Reference Link

10:24 EDT	AAPL	Follow-up: Wedge Partners believes InvenSense shipping units to Apple Subscribe for More Information

09:39 EDT	AAPL, C	Active equity option families trading Active equity option families trading on open according to Track Data: AAPL C TSLA LVS GILD FSLR

08:14 EDT	GOOG	Google volatility at low end of range as shares near record high into Google I/O Subscribe for More Information

07:58 EDT	AAPL	Barclays' technology research team holds analyst/industry conference call Analyst Research Team discusses the supply chain and major trends on an Analyst/Industry conference call to be held on May 13 at 10 am.

07:49 EDT	GOOG	Google price target raised to $950 from $875 at BofA/Merrill Subscribe for More Information

06:40 EDT	GOOG	Facebook Home not very popular so far, AllThingsD says Less than 1M people have downloaded Facebook's (FB) new Android app, Facebook Home, since the app was released about a month ago, AllThingsD reported Friday afternoon, citing statements by the social network. As far as popularity is concerned, the app is "not exactly a home run," AllThingsD stated. On the other hand, it is only currently available for five devices that use Google's (GOOG) Android operating system, the website added. Reference Link

May 12, 2013
18:49 EDT	AAPL	ABC app to let users live stream local programming, NYT says ABC, a unit of the Walt Disney Company (DIS), will unveil the "live" function for its app for iPhones (AAPL) and iPads, allowing users around New York and Philadelphia to live stream all the programming from ABC’s local stations there, says the New York Times. Reference Link

15:18 EDT	GOOG	Google+ struggles to win over brands, Reuters says Two years after introducing Google+ the search giant is struggling to win over the brands and businesses that are its best customers in the Internet search market, Reuters says. Reference Link

May 11, 2013
14:26 EDT	AAPL	Pentagon expects to give clearance for Apple mobile devices, Bloomberg says The U.S. Defense Department plans to give clearance for Apple mobile devices for use on its networks early next week, says Bloomberg, citing a Pentagon spokeswoman. Reference Link

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