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Stock Market & Financial Investment News

News For GOOG;AAPL;BAC;GS;C From The Last 14 Days
Check below for free stories on GOOG;AAPL;BAC;GS;C the last two weeks.
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May 23, 2013
20:04 EDTGOOGGoogle 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 EDTAAPLApple faces potential setback in e-books case, WSJ reports
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17:54 EDTGOOGGoogle 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 EDTGOOGGoogle loses bid to block U.S. imports of Microsoft's Xbox, Bloomberg reports
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17:11 EDTGOOGGoogle facing new antitrust probe from FTC, Bloomberg says
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16:01 EDTGOOGVIX methodology for Google up 5% to 22.88, will face antitrust probe
16:00 EDTAAPL, GOOG, COptions Update; May 23, 2013
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15:58 EDTGOOGGoogle facing new FTC probe over display ad practices, Bloomberg says
12:52 EDTGOOGGoogle 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 EDTGOOGGoogle Glass reportedly to use Samsung OLED displays, SlashGear says
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09:59 EDTAAPLAnalyst: Apple won't launch computerized watch until late 2014, BGR says
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09:37 EDTAAPL, GOOGActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ
09:25 EDTAAPLSamsung'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 EDTGOOGGoogle's Schmidt defends taxes in U.K., FT reports
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07:12 EDTBACWall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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07:11 EDTAAPLEU's Barnier wants big companies to disclose national tax bills, Reuters reports
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06:08 EDTBAC, AAPLOn the Fly: Periodicals Wrap-Up
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06:04 EDTAAPLApple hoping to launch music service at June conference, NY Post reports
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05:45 EDTGOOG, AAPLBig companies remove subsidiaries based on SEC disclosure rules, WSJ reports
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May 22, 2013
16:25 EDTGSOn 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.
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