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Stock Market & Financial Investment News

News Breaks
February 7, 2014
12:32 EDTG, CI, AAPL, ATHN, EXPE, BEBE, LNKDOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday despite a second straight monthly jobs report that fell significantly short of expectations. Stock futures rapidly fell after the jobs data was reported, but recovered and closed the pre-market session higher, leading to an up open for the broader market. The averages gained upside momentum near mid-morning and stand close to session highs near midday. ECONOMIC EVENTS: In the U.S., 113,000 non-farm jobs were added last month, versus the expected increase of 180,000 jobs. The unemployment rate fell to 6.6%, hitting its lowest level since October 2008. COMPANY NEWS: Shares of Apple (AAPL) climbed 2% after CEO Tim Cook revealed to the Wall Street Journal that the company has bought back $14 billion of its own shares since it reported its earnings on January 27. Cook said he wants to be "aggressive" and "opportunistic" with the company's buyback program, noting that Apple had bought back a record total of more than $40 billion of its own shares over the past year... Shares of professional networking company LinkedIn (LNKD) fell 7% after the company reported better than expected fourth quarter results, but issued a disappointing revenue forecast for the first quarter and fiscal 2014. MAJOR MOVERS: Among the notable gainers following their earnings reports were healthcare services company athenahealth (ATHN), which rose 25%, and women's apparel retailer bebe stores (BEBE), which advanced 18%. Also rising were shares of Expedia (EXPE) and its fellow online travel agencies after Expedia reported stronger than expected fourth quarter results. Among the noteworthy losers was IT services provider Genpact (G), which fell 19% after the company said it expects the revenue headwinds it faced in 2013 to continue and its stock was downgraded at Wells Fargo and JPMorgan. Also lower were shares of health insurer Cigna (CI), which tumbled 8.5% after issuing a disappointing profit forecast for fiscal 2014 and being downgraded by research firm Susquehanna. INDEXES: Near midday, the Dow was up 92.89, or 0.59%, to 15,721.42, the Nasdaq was up 50.10, or 1.23%, to 4,107.23, and the S&P 500 was up 14.57, or 0.82%, to 1,788.00.
News For AAPL;LNKD;EXPE;CI;BEBE;ATHN;G From The Last 14 Days
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April 8, 2014
09:23 EDTCILeerink views final rates as favorable for MA plans
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09:04 EDTAAPLAmazon Instant Video says video streams on Prime Instant Video tripled y/y
Amazon Instant Videoannounced that video streams on Prime Instant Video nearly tripled year over year. According to a report from Qwilt, which tracks growth in online video usage, Amazon (AMZN) has now passed both Apple (AAPL) and Hulu (NWSA, DIS, CMCSA) in streaming video usage.
08:26 EDTGGenpact accepted payments for $302.6M from modified "Dutch Auction" offer
Genpact announced the final results of its modified "Dutch Auction" self-tender offer for the purchase of up to $300M in value of its common shares, which expired at 12:00 Midnight, New York City time, at the end of the day on April 2. Based on the final count by Computershare Trust Company, N.A., the depositary for the tender offer, Genpact accepted for payment an aggregate of 17,292,842 common shares at a final purchase price of $17.50 per share, for an aggregate cost of approximately $302.6M, excluding fees and expenses relating to the tender offer. The shares accepted for purchase in the tender offer include shares accepted through Genpact's exercise of its right to upsize the tender offer by up to 2% of its outstanding shares.
08:08 EDTAAPLCost to Apple, Google, Intel, of 'no-poaching' deal may be high, DealBook says
Some of the of the biggest names in tech, including Apple (AAPL), Google (GOOG), Intel (INTC)and Adobe (ADBE), are at the center of a class-action suit that seeks $9B as compensation for employees who contend the tech giants colluded to prevent their employees from being hired at rivals, reported The New York Times' DealBook. Reference Link
08:04 EDTAAPLiAnywhere could boost Apple earnings by over 10%, says JPMorgan
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06:24 EDTAAPLApple may develop baseband chpis for iPhones inhouse, DigiTimes says
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06:20 EDTAAPLApple may release iWatch in Q3, DigiTimes reports
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06:07 EDTAAPLMicrosoft investing in 'invisible user interface' technology, WSJ reports
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April 7, 2014
19:13 EDTCICMS issues 2015 rate announcement for Medicare Advantage and Part D programs
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16:01 EDTAAPLOptions Update; April 7, 2014
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15:16 EDTLNKDLinkedin May volatility elevated as shares trend to 13-month low
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14:18 EDTEXPEGoogle licenses booking software from Expedia-backed startup, Bloomberg says
Tech giant Google (GOOG), which has been bolstering its investments in travel, is now licensing hotel-booking software from Room 77, a startup backed by Expedia (EXPE), reported Bloomberg, citing a letter sent to Room 77 shareholders that was obtained by the news service. Other online travel agencies include Priceline Group (PCLN) and Orbitz Worldwide (OWW). Reference Link
14:06 EDTAAPLApple slips to lows of the day, levels to watch
Shares were last at $522.56, just off the session low. At current price, next support is at $517.35. Resistance is at $527.67.
10:02 EDTCICigna announces first collaborative care program in South Florida
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09:34 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
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07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
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06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
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