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Stock Market & Financial Investment News

News Breaks
May 19, 2011
06:00 EDTGOOG, SNE, AAPL, AMZN, WMG, VIVEF, CApple close to cloud-music deals with Sony, Universal, CNet reports
According to multiple music industry sources, Apple (AAPL) has signed a cloud-music licensing agreement with EMI Music (C) and is very close to finalizing deals with Sony Music Entertainment (SNE) and Universal Music Group (VIVEF), CNet reports. Warner Music Group (WMG) has already completed a deal with Apple. Apple's cloud-music service will rival unlicensed offerings from Google (GOOG) and Amazon (AMZN). The talks with Sony and Universal could be completed as early as next week. Reference Link
News For AAPL;C;WMG;SNE;VIVEF;AMZN;GOOG From The Last 14 Days
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May 22, 2013
16:00 EDTGOOG, COptions Update; May 22, 2013
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14:27 EDTGOOG, SNEcomScore says Google Sites lead April U.S. online video rankings
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14:06 EDTGOOGGoogle’s X Phone confirmed for Sprint, BGR says
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13:56 EDTAMZNAmazon.com to add 500 jobs in Web services unit, Washington Post says
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12:07 EDTAAPLConsumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says
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09:42 EDTAAPLApple rises in early trading, levels to watch
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09:39 EDTAAPL, GOOGActive equity option families trading
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09:07 EDTAMZNAmazon introduces 'Kindle Worlds' commercial publishing platform for fan fiction
Amazon Publishing announced Kindle Worlds, the first commercial publishing platform that will enable any writer to create fan fiction based on a range of original stories and characters and earn royalties for doing so. Amazon Publishing has secured licenses from Warner Bros. Television Group’s Alloy Entertainment division for its series Gossip Girl, Pretty Little Liars, and Vampire Diaries and plans to announce more licenses soon, the company said. Through these licenses, Kindle Worlds will allow any writer to publish authorized stories inspired by these Worlds and make them available for readers to purchase in the Kindle Store. Amazon Publishing will pay royalties to both the rights holders of the Worlds and the author.
09:02 EDTCFinancials 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 EDTCCitigroup 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.
07:15 EDTSNESony will take partial entertainment unit spinoff proposal to board, WSJ says
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07:10 EDTAAPLApple 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
07:10 EDTSNESamsung, LG TV screen troubles benefit Sony, Sharp, Bloomberg reports
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07:09 EDTAAPLApple used unusual tax loophole in Ireland to shelter billions, Reuters reports
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06:12 EDTCRussia 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 EDTSNE, AAPLOn 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.
05:56 EDTSNEStocks with implied volatility movement; SNE JRCC
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05:54 EDTSNESony targets FY14 sales of 8.5T yen, operating income margin over 5%
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May 21, 2013
19:39 EDTGOOGGoogle tax behavior to be criticized by U.K. party leader, Reuters says
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16:26 EDTSNEOn The Fly: Closing Wrap
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