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Stock Market & Financial Investment News

News Breaks
February 11, 2013
16:29 EDTBBRY, SNY, AAPL, HEK, GOOG, NVO, NDAQOn The Fly: Closing Wrap
Stocks on Wall Street were slightly lower and traded in a narrow range during the session. Investors had little to react to on the domestic economic calendar and holidays in Asia also slowed the data flow from abroad... ECONOMIC EVENTS: In the U.S., no major economic data was reported. In Europe, a meeting of finance ministers of the countries using the euro convened, with the strength of the shared currency, how to handle a bailout for Cyprus and progress in Greece likely to be discussed. In Asia, Chinese and Japanese markets were closed for holidays... COMPANY NEWS: Shares of Apple (AAPL) rose $4.95, or 1.04%, to $479.93 amid rumors of a new "iWatch" that is under development and continued speculation around what, if anything, CEO Tim Cook may announce tomorrow in terms of capital return plans during his speech at the Goldman Sachs Technology and Internet Conference... Nasdaq (NDAQ) shares gained 91c, or 3.09%, to $30.38 after Charles Gasparino of Fox Business said the company held "going private" talks with Carlyle Group, though the report said talks are not ongoing... Google (GOOG) Chairman Eric Schmidt disclosed plans late Friday to sell 3.2M of the shares he holds, valued at $2.5B. Google fell as much as 1% during the session but closed down $2.95, or 0.38%, at $782.42... MAJOR MOVERS: Among notable gainers were shares of Sanofi (SNY), up $1.49, or 3.2%, to $48.01, after rival Novo Nordisk (NVO) received an FDA Complete Response Letter indicating that the company's insulin products will need additional tests before approval. Shares of Novo Nordisk fell $26.89, or 13.98%, to $165.40 following the FDA decision. Also lower were shares of Heckmann (HEK), down 45c, or 10.34%, to $3.90 after being downgraded to Underperform at Wedbush, and BlackBerry (BBRY), down 76c, or 4.61%, to $15.73 after a report said Home Depot (HD) would replace staff BlackBerry's with Apple's iPhone 4S... INDICES: The Dow was down 21.73, or 0.16%, to 13,971.24; the Nasdaq was down 1.87, or 0.06%, to 3,192.00; and the S&P 500 was down 0.92, or 0.06%, to 1,517.01.
News For AAPL;NDAQ;GOOG;SNY;NVO;HEK;BBRY From The Last 14 Days
Check below for free stories on AAPL;NDAQ;GOOG;SNY;NVO;HEK;BBRY the last two weeks.
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May 21, 2013
10:42 EDTGOOGGoogle tests support at $900, levels to watch
The shares have had an amazing run-up over the last month, gaining nearly 14% in the process. Today, support at the $900 level is being tested with shares having broken that level to reach $897.61 and then bouncing slightly back above $900. If the stock can close back above $900 today, it will have passed the first test of support at this area. If it fails to do so, it could give bears in the stock an opportunity to sell and chase out longs in the name. First support today is at the session low at $897.61. Resistance is at $903.87.
10:03 EDTHEKHeckmann management to meet with Needham
Meeting to be held in the Midwest on May 22 hosted by Needham.
09:42 EDTAAPLActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C
09:34 EDTAAPLApple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46.
08:12 EDTAAPLSenate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link
07:50 EDTAAPLIreland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link
07:44 EDTSNYSachs Associates to host a forum
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07:05 EDTAAPLSenate report says Apple avoided paying taxes on $44B of income, Politico says
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May 20, 2013
17:26 EDTSNYRegeneron, Genentech, Sanofi enter into 'Zaltrap agreement'
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17:12 EDTAAPLApple has avoided paying taxes on operations for five years, U.S. Senate says
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17:11 EDTAAPLApple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added.
16:02 EDTGOOG, AAPLOptions Update; May 20, 2013
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15:19 EDTAAPLApple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link
12:04 EDTAAPLApple rumored to be testing OLED for iWatch, AppleInsider says
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11:27 EDTSNYAppeals court reverses, remands patent ruling in Sanofi suit against Mylan, Teva
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09:40 EDTGOOG, AAPLActive equity option families trading
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08:06 EDTNDAQNASDAQ, Smarsh establish partnership to deliver deeper compliance risk capabilities
Smarsh announced a new partnership with NASDAQ OMX to offer Smarsh archiving and compliance solutions to corporations, broker-dealers, exchanges and regulators alongside NASDAQ OMX's SMARTS market surveillance and compliance solutions. NASDAQ OMX provides its SMARTS market surveillance and compliance solutions to broker-dealers, buy-side firms, regulators and exchanges around the world, making it the industry's leading market surveillance platform for real-time cross-asset surveillance.
07:53 EDTGOOGGoogle ex-employee claims evidence of U.K. tax evasion, FT says
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07:45 EDTHEKWunderlich Securities to hsot a summit
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07:42 EDTNDAQCohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22.
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