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Stock Market & Financial Investment News

News Breaks
June 11, 2014
08:01 EDTFIATY, SBUX, AAPLIreland 'confident' that there is no state aid rule breach
The European Commission has announced that it will open formal State Aid investigations in a number of Member States. This announcement is part of a wider investigation by the European Commission encompassing tax rulings and patent box regimes in a number of member states which has been on-going for some time. In the case of Ireland, our understanding of the particulars of this case is that the Commission is focusing on advance opinions provided to a company a number of years ago which address the calculation of the taxable base of profits of this company. Ireland is confident that there is no state aid rule breach in this case and we will defend all aspects vigorously. However, we understand that the European Commission has a responsibility to investigate potential breaches of state aid rules, so we will continue to do everything we can to ensure that they have the full information they require. We are very confident that we will successfully defend our position as Ireland does not have a statutorily binding tax ruling system. Like other tax administrations in other countries, the Revenue Commissioners, in certain limited circumstances, operate a system of non-binding advance opinions where companies can seek advice on the correct application of the law in their self-assessed tax filings. This morning, the European Commission announced it had opened three investigations to examine whether decisions by tax authorities in Ireland, The Netherlands and Luxembourg with regard to the corporate income tax to be paid by Apple (AAPL), Starbucks (SBUX) and Fiat (FIATY), respectively, comply with the EU rules on state aid. Reference Link
News For AAPL;SBUX;FIATY From The Last 14 Days
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June 24, 2015
12:30 EDTAAPLOn The Fly: Top stock stories at midday
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10:44 EDTAAPLCarl Icahn sells last of Netflix stake, positive on Apple
Carl Icahn said via Twitter, "Sold last of our $NFLX today. Believe $AAPL currently represents same opportunity we stated NFLX offered several years ago."
09:48 EDTAAPLApple reaches royalty deal with Beggars Group
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09:37 EDTAAPLReport: Apple may adopt flexible OLED displays in 2018, DigiTimes says
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09:35 EDTAAPL, SBUXActive equity options trading on open
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09:30 EDTAAPLGoogle competing with itself after unveiling free music service, Bloomberg says
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09:18 EDTAAPLApple June quarter iPhone demand strong, says Morgan Stanley
Morgan Stanley's AlphaWise survey indicates 53M iPhone unit demand for the June quarter, unchanged from last month's reading. The firm adds that Apple Watch demand has sustained healthy levls after the initial spike and investor expectations for iPhone and Watch growth are low. Morgan Stanley rates Apple an Overweight with a $166 price target.
09:01 EDTSBUXAerohive names Starbucks CIO Curt Garner to board of directors
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07:45 EDTAAPLSharp asking suppliers to cut prices for LCD parts, WSJ says
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06:12 EDTAAPLiPhone 6 resale value suggests strong demand, says Piper Jaffray
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06:00 EDTAAPLGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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June 23, 2015
18:27 EDTAAPLLiquidmetal, Apple extend intellectual property agreement
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16:00 EDTAAPLOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
12:54 EDTAAPLPC concerns weighing on shares of Seagate, Western Digital
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09:36 EDTAAPLActive equity options trading on open
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09:00 EDTAAPLTelus, BCE, Rogers to roll out mobile payments app, Bloomberg reports
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08:04 EDTAAPLApple Watch launch buzz lagging behind other devices, says Bernstein
After analyzing Internet search data, Bernstein estimates that the Internet "buzz" on the Apple Watch was only about 1/3 of the iPhone at its launch and about 1/4 of the iPod at its launch. Based on this data, the firm estimates that Apple will sell only 750,000 units of the Watch in Q3 and 1.3M in Q4. Nonetheless the firm thinks the Watch can be accretive to Apple's gross margins and could generate significant sales volumes going forward. Bernstein keeps a $142 price target and Outperform rating on Apple.
07:46 EDTSBUXPiper Jaffray to hold a field trip
Seattle Field Trip travels throughout Seattle visiting with Costco, Starbucks and Amazon on June 23-24.
06:05 EDTAAPLNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
05:56 EDTAAPLEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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