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Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:20 EDTPBYI, BRCM, BEBE, MSFT, PL, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street began the session in quiet fashion and remained that way through most of the day. The Institute for Supply Management needed to revise it manufacturing data twice during the day, providing some confusion in what was otherwise a listless day. The market moved in a narrow range, as the mellow activity that typified last week continued. Investors may be sidelined as they await the big economic events coming later in the week, which include a meeting of the European Central Bank and the U.S. payroll report for May. ECONOMIC EVENTS: In the U.S., the Institute for Supply Management's manufacturing index appeared to fall to 53.2 in May, missing expectations for a slight rise, but the group than corrected its index to 56, noting that wrong seasonal adjustments were used in the first, incorrect reading. The report was then adjusted for a second time to a reading of 55.4. Markit's manufacturing PMI rose to 56.4 for May, which is a little better than the 56.2 flash print and up from April's 55.4. Construction spending rose 0.2% in April, which was less than the 0.6% growth expected. In China, the government's official Purchasing Managers' Index rose to 50.8 in May from April's 50.4, beating market expectations and indicating that factory activity there expanded at its fastest pace in five months. COMPANY NEWS: Shares of Apple (AAPL) slipped $4.35, or 0.69%, to $628.65 after the company held its keynote at the first day of its Worldwide Developers Conference, or WWDC. At the event, Apple announced OS X Yosemite, a new version of its Mac operating system, that makes working across devices more fluid, will let Mac users make or receive iPhone calls using their computer as a speakerphone, and now uses Microsoft's (MSFT) Bing for search. Apple also unveiled iOS 8, its updated mobile operating system, that added new Messages features, new photo functions and a new Health app. Additionally, Apple confirmed its launch of Home Kit, a "smart home" platform that had been hinted at in recent media reports. MAJOR MOVERS: Among the notable gainers was Protective Life (PL), which surged $6.20, or 11.85%, to $58.50 after the Nikkei said that Japan's Dai-ichi Life Insurance is in late stage talks to acquire its U.S. life insurance peer. Also higher was Broadcom (BRCM) rose $2.97, or 9.32%, to $34.84 after the company announced it has engaged JPMorgan (JPM) to help it explore strategic alternatives for its cellular baseband business, including a potential sale or wind-down. Among the noteworthy losers was Puma Biotechnology (PBYI), which fell $19.37, or 25.34%, to $57.06 after it presented results from an ongoing Phase II clinical trial of its investigational treatment of HER2 positive metastatic breast cancer that has metastasized to the brain at the American Society of Clinical Oncology annual meeting. Also lower were shares of Bebe Stores (BEBE), which plunged 68c, or 16.81%, to $3.39 after the company's CEO Steve Birkhold disclosed in a filing after the close Friday that he'd sold over 140K shares of the company's stock for $4.07 per share on May 29. INDEXES: The Dow rose 26.46, or 0.16%, to 16,743.63, the Nasdaq fell 5.42, or 0.13%, to 4,237.20, and the S&P 500 added 1.40, or 0.07%, to 1,924.97.
News For AAPL;MSFT;BRCM;PL;BEBE;PBYI From The Last 14 Days
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August 20, 2015
13:31 EDTMSFTMicrosoft could unveil Surface Pro 4 at October event, The Verge reports
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12:32 EDTMSFTEarnings Watch: Salesforce shares up fractionally since last earnings report
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12:24 EDTAAPLVIX methodology for Apple up 12% to 33.29
10:22 EDTAAPLApple falls, levels to watch
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10:00 EDTBRCMOn The Fly: Analyst Downgrade Summary
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09:36 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLApple iPhone 6S may not pressure gross margins, says Bernstein
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08:39 EDTBRCMBroadcom downgraded to Hold from Buy at Argus
Argus downgraded Broadcom (BRCM) to Hold following the announcement that the waiting perorid under the Hart-Scott-Rodino Antitrust Act had expired. The firm now expects the acquisition by Avago (AVGO) to go through.
08:02 EDTMSFTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
06:13 EDTAAPLApple's Australian bonds raise $1.2B within two hours, SMH reports
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06:07 EDTAAPLApple's 12.9-inch iPad to feature displays from Sharp, DigiTimes reports
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August 19, 2015
19:13 EDTAAPLSamsung to ask Supreme Court to review Apple patent ruling
Samsung (SSNLF) has filed court documents indicating it will ask the U.S. Supreme Court to hear an appeal of its Apple (AAPL) patent fight. Reference Link
17:44 EDTAAPLApple iPhone 6s to feature stronger metal body, MacRumors says
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16:00 EDTAAPLOptions Update; August 19, 2015
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11:14 EDTAAPLApple to open first Middle East store this year, Bloomberg reports
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09:45 EDTMSFTMicrosoft dividend raise likely to be modest, says Citi
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09:33 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
07:52 EDTAAPLAnalog Devices growth being driven by Apple, says Jefferies
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06:45 EDTMSFTMicrosoft in talks to buy Mesophere, The Information reports
Microsoft has made an approach to Mesophere to buy the cloud-computing software startup, The Information reports, citing two sources briefed on the talks. A deal that could be worth about $1B, the report says. Reference Link
06:35 EDTAAPLApple Stores to shift iPod stock to shelves, drop iPad smart signs, 9to5Mac says
Apple plans to make changes at its stores by relocating iPod stock to accessory shelves and removing iPad-based Smart Signs, 9to5Mac reports, citing several Apple Retail managers briefed on the plans. Apple will start to roll out these changes overnight on Tuesday of next week in the U.S., the report says. Reference Link
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