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Stock Market & Financial Investment News

News Breaks
June 11, 2014
08:01 EDTAAPL, SBUX, FIATYIreland '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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August 12, 2014
06:24 EDTAAPLApple readies Healthkit launch despite complicated regulations, Reuters says
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06:19 EDTAAPLApple suppliers begin production of next-generation iPads, Bloomberg says
Apple suppliers began production of next-generation iPads as the tech firm looks to reignite the popularity of tablet computers after it experienced two consecutive quarters of sales declines, according to Bloomberg, citing people with knowledge of the matter. Reference Link
05:47 EDTAAPLApple December quarter margins likely down sequentially, says Piper Jaffray
Piper Jaffray says itís likely that Apple's December quarter margins decline quarter-over-quarter due to the impact of the updated iPhone 6. Piper does not view the potential margin decline as a long-term negative, however, noting that Apple showed with the iPhone 5S that margins can expand as the company moves away from new design launches. Piper says it remains a buyer of Apple shares with an Overweight rating and $105 price target.
August 11, 2014
16:00 EDTAAPLOptions Update; August 11, 2014
iPath S&P 500 VIX Short-Term Futures down 1.33 to 31.90. Option volume leaders: AAPL KMI MNKD PBR AMZN SCTY TWTR TSLA according to Track Data.
10:07 EDTAAPLVirnetX says court denies Apple motion in patent suit
VirnetX (VHC) announced that on August 8 the U.S. District Court for the Eastern District of Texas, Tyler Division, issued its patent claim construction, or "Markman" Order and ruled on a VirnetX motion in the ongoing patent infringement action between VirnetX and Apple (AAPL). Both parties had presented arguments on the disputed terms along with various other motions at a Markman hearing on May 20. In the Markman order, the court denied Apple's Motion for Summary Judgment of Indefiniteness, in which Apple alleged that some of the disputed claims terms in the patents asserted by VirnetX were invalid for indefiniteness. In a separate order, the court granted in part and denied in part VirnetX's Motion for Partial Summary Judgment on Apple's Invalidity Counterclaims. The court's order precludes Apple from asserting invalidity as a defense against infringement of the claims that were tried before a jury in VirnetX's prior litigation against Apple. Apple is not precluded from asserting invalidity as a defense against infringement of the claims that were not tried before a jury in the Apple I case. "We are extremely pleased with the court's rulings and we remain confident in the merits of our complaint against Apple," said Kendall Larsen, VirnetX CEO and President. "We believe the court's Markman Order and motion ruling represents another significant step towards the successful resolution of this litigation."
09:36 EDTAAPLActive equity options trading on open
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06:23 EDTAAPLGoogle testing "Listen Now" music ads, WSJ reports
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August 10, 2014
16:51 EDTAAPLCourt rejects $324M settlement in tech hiring conspiracy, NYT says
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August 8, 2014
16:16 EDTAAPLU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
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16:00 EDTAAPLOptions Update; August 8, 2014
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09:37 EDTAAPLActive equity options trading on open
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07:31 EDTAAPLChina refutes report of Apple product procurement ban, Re/code reports
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06:11 EDTSBUXOSI withdraws products made in Shanghai in response to food scandal
After dealing with a food scandal, OSI China, parent company of Shanghai Husi Food, announced the withdrawal of products produced in Shanghai. The company said, "Husi is the subject of company and government investigations and it is proceeding smoothly. While there have been no reported illnesses linked to any Shanghai Husi products, recovering this production is an important step in facilitating the investigations and rebuilding the respect and trust of our customers, the government and the people of China. With assistances and guidance provided by Shanghai FDA, we have started the recovery process of products in question in a comprehensive and orderly." Worldwide brands such Yum! Brands (YUM) McDonald's (MCD) and Starbucks (SBUX) were affected by the scandal in China. Reference Link
August 7, 2014
16:00 EDTAAPLOptions Update; August 7, 2014
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09:36 EDTAAPLActive equity options trading on open
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06:49 EDTFIATYMarchionne says no talks, but open to Canada investment proposal, Reuters says
Fiat (FIATY) Chrysler Group CEO Sergio Marchionne noted that the firm had not restarted discussions with Canadian officials regarding investments to help back an upgrade for the company's minivan facility in Windsor, but the car manufacturer would be open to hearing any offered pitch, according to Reuters, citing comments from Marchionne. Reference Link
06:43 EDTFIATYFiat CEO accuses 'overreaction' for sell-off shadowing deal, Reuters says
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06:43 EDTAAPLApple poaches YSL's Catherine Monier, 9to5Mac reports
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06:33 EDTFIATYAnti-trust investigations in China reignite protectionism worries, Reuters says
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06:19 EDTAAPLMicrosoft in talks to open Fifth Avenue store, Daily News reports
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