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Stock Market & Financial Investment News

News Breaks
February 13, 2013
15:16 EDTAMAT, TRIP, PXD, NVDA, NTAP, MDLZ, MET, CSCO, CTL, WFMCompanies reporting After the Market Close on Wednesday, February 13
Notable companies reporting after the bell include Applied Materials (AMAT), CenturyLink (CTL), Cisco (CSCO), MetLife (MET), Mondelez (MDLZ), NetApp (NTAP), NVIDIA (NVDA), Pioneer Natural (PXD), TripAdvisor (TRIP) and Whole Foods (WFM).
News For AMAT;CTL;CSCO;MET;MDLZ;NTAP;NVDA;PXD;TRIP;WFM From The Last 14 Days
Check below for free stories on AMAT;CTL;CSCO;MET;MDLZ;NTAP;NVDA;PXD;TRIP;WFM the last two weeks.
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September 11, 2014
18:35 EDTAMATOn The Fly: After Hours Movers
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18:31 EDTAMATApplied Materials/Tokyo Electron filing doesn't satisfy MofCom, Bloomberg says
Applied Materials' filing, which is seeking approval for the company's takeover of Tokyo Electron, did not satisfy China's Ministry of Commerce, according to Bloomberg, citing DealReporter.
11:17 EDTCSCOEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:00 EDTPXDOn The Fly: Analyst Upgrade Summary
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09:10 EDTPXDPioneer Natural upgraded to Outperform from Sector Perform at Howard Weil
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September 9, 2014
14:54 EDTWFMApple announces Apple Pay
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14:31 EDTWFMWhole Foods confirms participation with Apple Pay
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11:53 EDTTRIPStocks with call strike movement; YHOO TRIP
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08:27 EDTCTLCenturyLink could buy Rackspace for under $50/share, says Citigroup
Citigroup believes CenturyLink (CTL) could "financially digest" a potential acquisition of Rackspace (RAX) under $50 per share, using up to 50% in cash. Citi says that based on its initial basis, it would take a neutral view for a possible buyout under $40 per share, while adding that CenturyLink could trade lower if it were to pay more than $50 for Rackspace. Citi has a Neutral rating on CenturyLink with a $40 price target.
07:52 EDTCTLCenturyLink could be interested in Rackspace at right price, says UBS
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07:17 EDTCSCOThe Wireless Association to hold a conference
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September 8, 2014
16:18 EDTCTLOn The Fly: Closing Wrap
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13:58 EDTWFMWhole Foods announces partnership with Instacart
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11:24 EDTCTLRackspace trades higher following report CenturyLink in talks to buy company
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10:58 EDTCTLCenturyLink would need to issue stock, raise debt to buy Rackspace, Re/code says
Following a Bloomberg report that said CenturyLink (CTL) is interested in buying Raxspace (RAX), Re/code's Arik Hesseldahl noted that CenturyLink has "practically no cash" and would have to issue stock and likely take on "significant debt" to make such an acquisition, though the author also noted that CenturyLink has a history of structuring such deals. However, Hesseldahl believes Rackspace remaining independent is still the "more likely scenario" than the company being bought. Reference Link
09:12 EDTCTLOn The Fly: Pre-market Movers
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08:58 EDTCTLRackspace risk/reward remains compelling, says Wells Fargo
Wells Fargo says that even with some takeout speculation being priced into Rackspace (RAX)shares today following reports that CenturyLink (CTL) is in talks to buy the company, the risk/reward on the stock remains compelling. Wells believes Rackspace either gets acquired at a premium or stays independent and announces a share buyback of $900M. The firm keeps an Outperform rating on the name.
08:45 EDTCSCONimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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08:36 EDTCTLRackspace Hosting volatility expected to move on acquisition report
Rackspace Hosting (RAX) volatility is expected to move on CenturyLink (CTL) looking to acquire says Bloomberg, citing sources. Overall option implied of 37 is below its 26-week average of 46 according to Track Data, suggesting decreasing price movement.
September 7, 2014
16:22 EDTCTLCenturyLink said to seek Rackspace acquisition, Bloomberg says
Louisiana-based landline phone service provider CenturyLink (CTL), is looking to acquire cloud computing company Rackspace Hosting (RAX), says Bloomberg, citing sources. Sources say a deal may not be reached for Rackspace Hosting, which currently has a stock market valuation of $5.33B, added Bloomberg. Reference Link
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