New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For AAPL;GOOG;SSNLF;MSFT;NOK;RIMM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | all recent news | >>
May 28, 2015
13:14 EDTAAPL, GOOGGoogle introduces Android Pay
Subscribe for More Information
13:04 EDTAAPL, GOOGGoogle introduces Android Pay at developer conference, Business Insider reports
Subscribe for More Information
12:53 EDTGOOGGoogle says Android M to succeed Lollipop this year, The Verge reports
Subscribe for More Information
12:02 EDTAAPLApple's efforts to remove corporate monitor rejected by appeals court, WSJ says
Apple's moves to efforts remove Michael Bromwich, a corporate monitor appointed in the wake of a judge's finding the company liable for conspiring to raise the price of e-books, has been rejected by a federal appeals court, The Wall Street Journal reports. Apple argued that Bromwich, a former DOJ inspector general, prematurely began work and that his fees were exorbitant. The appeals court ruled that Bromwich's role was "appropriately constrained." Reference Link
11:17 EDTMSFTBofA/Merrill software analyst holds an analyst/industry conference call
Subscribe for More Information
10:55 EDTAAPL, GOOGGoPro rises after confirming plans to enter drone, VR markets
Shares of GoPro (GPRO) are rising after the action camera maker confirmed it is developing a camera array for virtual reality filming and is also making its own drone for consumers. WHAT'S NEW: GoPro is developing a product that can create video which can be viewed on virtual reality headsets, GoPro CEO Nick Woodman said at the Code Conference, according to Re/code. Called a Six-Camera Spherical Array, the device uses six of GoPro's Hero4 cameras and a product from Kolor, a virtual reality software company GoPro acquired in April. GoPro is also building its own drone geared to consumers, Woodman said, according to Re/code. However, the company will continue to provide cameras to other drone makers, the website noted. ANALYST REACTION: In a note to investors earlier today, Piper Jaffray analyst Erinn Murphy said that GoPro's virtual reality product should be available in the second half of this year and cost $500-$1,500. The drone is expected to be available in the first half of next year and is likely to be sold for $500-$2,500, the analyst stated. GoPro's expansion into the drone and virtual reality markets could undermine bears' contention that GoPro's total available market is low, according to Murphy. Drones and virtual reality should have total available markets of over $5B by 2020 and over $65B by 2025, respectively, estimated the analyst, who kept a $68 price target and Overweight rating on GoPro. Meanwhile, Stifel analyst Jim Duffy wrote that the virtual reality product will have only a minimal impact on GoPro's results in 2015 and 2016. However, the drone offering could increase its 2016 earnings per share by 20c-30c if it is launched in the beginning of the year, according to Duffy, who kept a Hold rating on the stock. WHAT'S NOTABLE: In a note to investors yesterday, well-known Piper Jaffray analyst Gene Munster called virtual reality and augmented reality "the next mega tech themes through 2030." Users will be able to enjoy gaming, live sports, concerts, "immersive cinema," and social experiences using virtual reality, he predicted. Facebook (FB), Google (GOOG,GOOGL) and Apple (AAPL) are likely to benefit from this trend, Munster believes. PRICE ACTION: In mid-morning trading, GoPro climbed nearly 8% to $57.43.
10:51 EDTGOOGRumor: Tesla moves higher on renewed Google speculation
Shares of Tesla (TSLA) are moving higher on renewed speculation Google (GOOGL) may have accumulated a stake in the company.
10:11 EDTGOOGAnalyst says Google non-search assets to drive strong growth
Subscribe for More Information
10:09 EDTGOOGGoogle volatility flat into developer’s conference
Subscribe for More Information
10:02 EDTGOOGSandvine: Netflix accounts for 36.5% of peak Internet traffic, Variety reports
Subscribe for More Information
09:46 EDTAAPLApple now offering same-day delivery on some items in SF area, MacRumors says
Subscribe for More Information
09:34 EDTAAPLActive equity options trading on open
Subscribe for More Information
09:01 EDTAAPLAerohive says Apple becomes resseller of products, software solutions
Subscribe for More Information
08:28 EDTNOKOpel rules out deal with Fiat Chrysler, Reuters says
Opel CEO Karl-Thomas Neumann said he sees the need to improve volume, scale and utilization in the industry and in his company, but ruled out a deal with Fiat Chrysler (FCAU), whose own CEO has been vocal about the need for consolidation among automakers, Reuters reported. Neumann declined to comment on whether Opel would seek to join a consortium that is bidding for Nokia's (NOK) HERE mapping business and added that Opel has pared back the extent of cooperation projects with Peugeot (PUGOY) and focused on using parent company General Motors' (GM) platforms instead, the report added. Reference Link
07:45 EDTAAPLApple investors may be underestimating China, says UBS
UBS believes investors may be underestimating Apple in China as the iPhone is the market leader in the mainland and sales have exceeded those of the phone in North America. The firm's survey shows Apple is penetrating in multiple income bands, price is less important than operation as a buying criteria, and China users upgrade quickly. UBS reiterated its Buy rating and $150 price target on Apple shares.
07:42 EDTGOOGGoogle valuation supported by non-search business growth, says Canaccord
Subscribe for More Information
07:30 EDTGOOGGoogle to hold a conference
Google I/O 2015 is being held in San Francisco on May 28-29.
06:55 EDTSSNLFSamsung risks inflaming governance worries with deal, WSJ says
After Samsung Group's de facto holding company, Cheil Industries, announced plans to buy construction and trading company Samsung C&T, critics called the plan a maneuver to increase heir apparent Jay Y. Lee’s stake in Samsung Electronics, said The Wall Street Journal, which added that Lee risks raising concerns about corporate governance in a country that has grown more sensitive about such matters. Reference Link
06:28 EDTGOOGGoogle says 'Buy' button to come to searches, Business Insider reports
Subscribe for More Information
06:27 EDTGOOG, AAPLGoogle and Apple set to unveil plans to enhance mobile payments, NY Times says
Google (GOOG) is set to unveil plans at its annual developer conference Thursday for an overhaul of its mobile payment products, reports the New York Times. According to three people familiar with the situation, changes include a service called Android Pay that will allow credit card payments from inside their mobile apps and can be integrated with loyalty programs. Apple, meanwhile is preparing to announce details about enhancements to Apple Pay at its software conference next month that include a rewards program, according to two people briefed on the product. Reference Link
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use