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Stock Market & Financial Investment News

News For AAPL;GOOG;INTC From The Last 14 Days
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September 1, 2015
17:29 EDTGOOGGoogle cancelled location-tracking ad project, Fortune says
Earlier this year, Google (GOOG) cancelled a project that aimed to track Google Maps users and send notifications to their phones after entering the vicinity of certain retailers, allowing potential partners such as Starbucks (SBUX) or Walgreens (WBA) to automatically highlight loyalty programs or discounts when a customer entered the store, reports Fortune, citing people familiar with the project. The project, known as "Google Here," was shut down due to concerns of being overly invasive as well as doubts about whether retailers were interested in the project, said the report. Note that on June 8, Facebook (FB) expanded its test of business "beacons," allowing retail partners to "beam" information to customers via in-store devices. Reference Link
16:26 EDTAAPLOn The Fly: Top stock stories for Tuesday
Stocks began the session deep in negative territory and remained there throughout the session. The weakness was attributed to the release of poor economic data out of China that confirms the world's second largest economy is slowing. There was little help from the day's domestic economic reports, as the construction spending and ISM manufacturing data came out roughly in-line with expectations. The market pared its losses slightly just before the lunch hour, but then the sellers regained control and pushed the averages down further with no sign of a rally prior to the close. ECONOMIC EVENTS: In China, the government's official manufacturing purchasing manager's index fell to 49.7 in August, indicating contraction and marking its worst PMI reading in three years. In the U.S., the Institute for Supply Management's manufacturing index for August came in at 51.1, below the consensus forecast for a reading of 52.5. Markit's manufacturing PMI for last month came in at 53.0 in its final reading, slightly beating expectations for a 52.9 reading. Construction spending rose 0.7% in July, beating/missing expectations for spending to have grown 0.6% in the month. In Europe, the final Eurozone manufacturing PMI for August came in at 52.3, which was a tick down from the flash reading of 52.4 and from July's final 52.4 reading. The EU's statistics agency said the eurozone's unemployment rate fell to 10.9% during July, marking the area's lowest unemployment figure since February 2012. COMPANY NEWS: Ford (F) reported August U.S. sales that it said were its best in nine years, growing its sales by 5% to 234,237 vehicles last month, but its shares slipped 1.08% to $13.72 amid the broader market weakness. General Motors (GM) fell 2.75% to $28.63 after the company reported its U.S. sales slipped 0.7% to 270,480 vehicles in August, while Fiat Chrysler (FCAU) shares slid 3.4% to $13.65 after the company reported its U.S. sales increased 1.7% last month to 201,672 units... Shares of streaming video giant Netflix (NFLX) fell $9.39, or 8.16%, to $105.64 after Variety reported that Apple (AAPL) is exploring an entry into the original programming business and Amazon (AMZN) announced it expanded Prime Video downloads to the iOS and Android platforms. MAJOR MOVERS: Among the notable gainers was drugmaker Trevena (TRVN), which surged 51% to $9.06 after reporting that its study of post-surgery painkiller TRV130 met its primary endpoint. Also higher was Internap (INAP), which gained 12% to $8.93 after disclosing that it is exploring strategic alternatives. Among the noteworthy losers was Penn West (PWE), which declined about 16.5% to 64c after suspending its dividend and announcing plans to cut its global workforce by 35% amid the weak commodity price environment. Also lower were both Westport (WPRT) and Fuel Systems (FSYS), which lost a respective 5.93% and 4.23%, after agreeing to merge and reiterating current revenue outlooks for both companies. Additionally, Dollar Tree (DLTR) fell 9.2% to $69.22 after its pre-market earnings report. Note that in a regulatory filing last night, the company disclosed that it does not plan to pay a dividend following its combination with Family Dollar. INDEXES: The Dow dropped 469.68, or 2.84%, to 16,058.35, the Nasdaq lost 140.40, or 2.94%, to 4,636.10, and the S&P 500 fell 58.33, or 2.96%, to 1,913.85.
16:22 EDTAAPLOptions Update; September 1, 2015
iPath S&P 500 VIX Short-Term Futures up 2.97 to 31.40. Option volume leaders: AAPL NFLX BAC FB BABA MSFT TSLA TWTR C GE GPRO XOM SUNE FCX JPM INTC
15:03 EDTAAPLApple hitting session lows
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13:41 EDTAAPLApple to roll out 'next generation store redesigns in the fall, 9to5Mac reports
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13:27 EDTGOOGYelp may be attractive to TripAdvisor, Google, FT says
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13:06 EDTAAPLNetflix dives as Apple reportedly explores original programming
Shares of streaming video giant Netflix (NFLX) are underperforming a down market today after a Variety report that said Apple (AAPL) is exploring an entry into the original programming business. Amazon (AMZN) also said it expanded Prime Video downloads to the iOS and Android platforms. WHAT'S NEW: According to the Variety report, Apple recently held preliminary discussions with Hollywood executives to measure their interest in "spearheading" a move into entertainment content. Exclusive content has been an integral part of Netflix's success with programming such as House of Cards and Orange Is the New Black. Amazon and Time Warner's (TWX) HBO, which recently launched a streaming-only version of its service, are also counting on exclusive content. According to Variety, the extent of Apple's ambitions vary, according to sources, with some saying the plan is to create long-form content and compete directly with Netflix while other sources say that Apple's efforts are more of a "flirtation." WHAT'S NOTABLE: Netflix announced this week that it will not renew its agreement with Epix, which allowed Netflix to stream movies released on the cable movie channel. Netflix noted that the Epix movies are widely available on cable and other subscription platforms at the same time as they are on Netflix. The streaming video giant said in a blog post that it knows some subscribers will be disappointed by the end of Epix movies but added that its goal "is to provide great movies and TV series for all tastes, that are only available on Netflix." Also noteworthy was the announcement by Amazon today that it will now allow Prime members to download movies and TV episodes, including Amazon Original Series, to iPhones, iPads and Android phones and tablets for offline viewing, at no additional charge. The company noted that Amazon Video is the only online subscription streaming video service that enables downloads of titles, meaning unlike other subscription streaming services such as Netflix, Prime members can enjoy movies and TV shows as part of their membership even when they don't have an internet connection. ANALYST TAKE: In a note to investors this morning, BofA/Merrill analyst Nat Schindler raised his price target on Netflix shares to $133 from $121 following reports the company will officially launch in Japan on September 2 and recently raised prices in Europe. The analyst, which maintains his Buy rating on shares, also pointed out that Netflix is in an agreement with Softbank (SFTBF), a leader in Japan's telecom and internet space. The Softbank partnership will bolster subscriber growth through pre-installed Netflix apps on Softbank phones, automatic subscription payments through Softbank's payment system, and in-store signups and marketing. PRICE ACTION: Shares of Netflix are underperforming a weak market and are down 8.15% to $105.65, while Apple and Amazon are both down over 2%.
12:21 EDTAAPLOn The Fly: Top stock stories at midday
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11:48 EDTGOOGGoogle unveils new logo, identity family on blog
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09:34 EDTAAPLActive equity options trading on open
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09:01 EDTAAPL, GOOGAmazon expands Prime Video downloads to iOS, Android platforms
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08:45 EDTAAPLLVMH appoints Ian Rogers as Chief Digital Officer, effective in October
LVMH (LVMUY) announces the appointment of Ian Rogers as Chief Digital Officer of the LVMH Group, effective October 2015. Ian contributed to the recent launch of Apple Music (AAPL) including Beats1, their digital streaming channel.
08:06 EDTINTCVerifone, Aava Mobile partner to offer 'pocketable' mPOS Solution
Verifone (PAY) and Aava Mobile announced the first handheld mobile point of sale solution powered by Intel (INTC) to deliver a flexible, long-lasting EMV-ready mPOS solution for enterprise retailers. The solution is based on Verifone's device and operating system-agnostic mPOS terminal integrated with Aava Mobile's rugged handheld tablet PC, which is powered by the Intel Atom processor.
07:48 EDTINTCSemiconductor sector upgraded to Neutral from Cautious at UBS
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06:23 EDTAAPLSamsung to launch Gear S2 smartwatch this week, WSJ reports
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06:17 EDTAAPLApple exploring producing original programming, Variety reports
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06:14 EDTGOOGTwo Euro companies launch platform for users to take legal action against Google
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August 31, 2015
20:04 EDTAAPLNext Apple TV device to feature deep support for gaming, 9to5Mac says
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19:32 EDTGOOGRussian regulator delays new data policy for tech giants, WSJ says
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18:41 EDTGOOGGoogle web browser to start limiting Adobe Flash on September 1
Google's (GOOG) "Chrome" web browser is set to start pausing Adobe (ADBE) Flash ads on September 1, preventing affected ads from playing unless a user manually clicks on the advertisment. Reference Link
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