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Stock Market & Financial Investment News

News Breaks
January 15, 2013
13:33 EDTXOM, AAPLApple could relinquish market cap lead to Exxon Mobil , AllThingsD reports
If Apple’s (AAPL) stock continues to lose value, the company may soon relinquish its title of world’s largest company by market cap to Exxon Mobil (XOM), according to AllThingsD. Apple surpassed Exxon Mobil's market capitalization about a year ago. Reference Link
News For AAPL;XOM From The Last 14 Days
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March 13, 2015
07:00 EDTAAPLNew MacBook to support third-party battery packs, chargers, 9to5Mac says
Apple's forthcoming MacBook will reportedly support "most" USB-C accessories, including external battery packs, third party chargers, external video adapters, and even allowing other Macs to charge the MacBook, reports 9to5Mac, citing sources close to the situation. Sources say Apple will not be blocking or limiting any accessories, opening up the market for third party accessories. Reference Link
06:32 EDTXOMIEA says oil price pressure likely to resume, Reuters reports
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06:29 EDTXOMOil companies reach tentative agreement with union, WSJ says
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06:23 EDTAAPLApple CEO says 11,000 people have signed up to study using ResearchKit
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06:07 EDTAAPLMillenials not completely sold on the Apple Watch, Re/code says
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05:54 EDTAAPLReport: MacBook unlikely to exceed 450K in 1H15 sales, DigiTimes says
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05:54 EDTAAPLIDC: Worldwide tablet long term growth in low single digits, Digitimes says
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05:54 EDTAAPLIDC: PC shipments to drop 4.9% in 2015 before improving slightly, DigiTimes says
Worldwide PC shipments is expected to drop 4.9% in 2015, compared to a previous forecast of 3.3%, reports DigiTimes, according to the IDC Worldwide Quarterly PC Tracker. Total 2015 volume is projected at 293.1M PCs, slipping further to 291.4M in 2019. The report also said growth projects for 2016 and 2017 improved slightly. Reference Link
05:18 EDTXOMExxon Mobil CEO says U.S. needs to 'make regulatory process less burdensome'
The U.S. government needs to adjust its energy policies to ensure that America can realize all the benefits of the new era of energy abundance, Rex Tillerson, chairman and CEO of Exxon Mobil said Thursday. “We need sound energy policies – policies equal to the innovation that has redefined the modern energy landscape,” Tillerson said in an address to The Economic Club of Washington. “It is time to build policies that reflect our newfound abundance – that view the future with optimism, that recognize the power of free markets to drive innovation, and that proceed with the conviction that free trade brings prosperity and progress.” As examples, Tillerson said that Congress and the White House need to enable U.S. exports of oil and natural gas, approve the Keystone XL pipeline, and make the regulatory process less burdensome and more transparent. “With free trade in energy and common-sense regulatory reforms, the U.S. energy industry can strengthen U.S. energy security and continue to pioneer the innovations that make possible the safe and responsible development of energy,” Tillerson said. “No one can say for sure how the industry will evolve next or where it will go – but one of the enduring lessons of our industry is that sound policy rewards wide and disciplined investments, spurs economic growth and improved environmental performance, and leads to greater peace and prosperity.” A major driver in the industry’s expansion, Tillerson said, has been breakthroughs in the integration of hydraulic fracturing and horizontal drilling, a renaissance that is now bringing economic benefits to all 48 states in the continental U.S. along with unanticipated environmental gains. “Because natural gas emits up to 60 percent less carbon dioxide than other major sources when used for power generation, our abundant and reliable supplies have been instrumental in reducing our nation’s carbon dioxide emissions to levels not seen since the early 1990s,” Tillerson said. He noted that industry has a responsibility to meet the two-pronged challenge of providing for the world's energy needs while protecting the environment. “The global economy will need sound economic reasoning and more sensible policies to fully leverage this moment to meet the energy and environmental challenges of the future,” said Tillerson.
March 12, 2015
16:01 EDTAAPLOptions Update; March 12, 2015
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13:14 EDTXOMShell, BP, Total oil trading divisions may yield profit boost, Bloomberg says
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12:05 EDTXOMExxon Mobil resumes drilling at Point Thomson
ExxonMobil announced that it has resumed drilling at Point Thomson on Alaska’s North Slope as construction continues toward bringing the initial production system online. The initial production system is designed to produce up to 10,000 barrels per day of natural gas condensate and is scheduled for startup in 2016. Two injection wells will work in tandem with a production well, cycling up to 200M cubic feet of natural gas per day through an onsite central processing facility. The condensate will then be transported by a 22-mile pipeline to the Trans-Alaska Pipeline System. The Point Thomson reservoir holds an estimated 8T cubic feet of natural gas and associated condensate, a high quality hydrocarbon similar to kerosene or diesel. The gas represents 25% of known gas resources on the North Slope and could be used to partially underpin the proposed Alaska LNG project. Potential future development will depend on a range of factors such as business considerations, investment climate and the fiscal and regulatory environment. As of year-end 2014, ExxonMobil and working interest owners have invested more than $2.6B in the development of Point Thomson. About 70% of that amount has been spent in Alaska. More than 70 Alaska companies have contributed to the success of the project, with more than 800 people working on-site and an additional several hundred around the state. Winter construction continues with the opening of a 50-mile ice road from Deadhorse to central pad. Point Thomson is located on state acreage along the Beaufort Sea, 60 miles east of Prudhoe Bay and 60 miles west of the village of Kaktovik.
10:33 EDTAAPLApple store outage may have cost company $25M in sales, Mac Observer reports
The outage at Apple's iTunes Store and App Store on Wednesday may cost the company $25M in lost sales, reports the Mac Observer. Based on the $18.5B Apple brought in from those services last year, that breaks down to about $50M a day. At half a day, that's $25M. Reference Link
10:06 EDTAAPLQualcomm could lose 'important part' of Apple business, The Information says
Qualcomm (QCOM) could lose "an important part" of its business at Apple (AAPL) to new component makers and Intel (INTC), said The Information's Amir Efrati. Reference Link
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL C PBR POT MRVL AMAT MSFT TSLA X TWTR
08:32 EDTAAPLJPMorgan says report of Intel iPhone win makes sense
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07:54 EDTAAPLApple Watch may have little wearable competition, says UBS
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07:22 EDTXOMEconomics Club of Washington, D.C. to hold a dinner meeting
Chairman and CEO Tillerson of Exxon Mobil is the guest speaker at a dinner meeting being held in Washington, D.C. on March 12 at 7 pm.
06:10 EDTAAPLApple removes competing fitness wearables from its retail stores, Re/code says
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05:58 EDTAAPLMacBook USB Type-C adoption may expand penetration, DigiTimes reports
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