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Stock Market & Financial Investment News

News For AMZN;AAMRQ;SAP;LYV;JNPR;CRM;CS;HON;GOOG;NFLX;CTXS;QCOM From The Last 14 Days
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | all recent news | >>
July 30, 2015
11:26 EDTQCOM, GOOGAppeals court affirms lower court judgment in Microsoft, Motorola patent suit
The 9th Circuit Appeals court affirmed the judgment of a district court in a patent lawsuit between Microsoft (MSFT) and Motorola, which is now owned by Google (GOOG). In its ruling, the appeals court wrote: "With the partiesí consent, the district court conducted a lengthy, thorough bench trial on the RAND rate and range. The court analyzed that evidence in its exhaustive findings of fact and conclusions of law, in a manner consistent with the Federal Circuitís recent approach to establishing damages in the RAND context. The courtís factual findings were properly admitted at the jury trial. The juryís verdict was supported by substantial evidence, and its damages award was proper." In a tweet after the ruling was released, Markman Advisors, which specializes in patent law, stated that Microsoft, Qualcomm (QCOM), InterDigital (IDCC) and others will be affected by this ruling, which it characterized as "tough for licensors of standard-essential patents."
10:26 EDTNFLXMarriott sees 'solid' RevPAR growth in North America for foreseeable future
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10:09 EDTJNPR, AMZNOptions with decreasing implied volatility
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06:25 EDTCSSamson Resources plans to file for bankruptcy protection, NY Post reports
Samson Resources plans to file for bankruptcy protection "within days," the New York Post reports. KKR (KKR) is slated to lose its approximately $2B investment in the firm, the report says. Cerberus Capital Management, Silver Point Capital, and Credit Suisse (CS) are among the second-lien lenders that hold roughly $1B in debt and will take over Samson in exchange for their loans as part of a prepackaged bankruptcy, the report says. Reference Link
July 29, 2015
18:15 EDTAMZNAmazon nears $30M e-book contract with NY Department of Education, CNY says
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16:49 EDTSAPOpenText announces expanded partnership with SAP
OpenText (OTEX) and SAP (SAP) announced they will team up with OpenText to provide B2B managed services capabilities to multi-national businesses. "OpenText is pleased to expand its partnership with SAP to help companies simplify the increasing complexities of trading partners and B2B management," said Mark Barrenechea, president and CEO of OpenText. "We can address the timely and complex integrations that many customers have with their trading partners around the world. SAP, together with Ariba, an SAP company, and OpenText will provide customers a solution that enables them to improve time to revenue, reduce costs and helps to advance the digital transformation that today's leaders are undertaking."
16:00 EDTNFLXOptions Update; July 29, 2015
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12:42 EDTCTXSOn The Fly: Top stock stories at midday
Stocks on Wall Street overcame a tentative start and are higher at midday ahead of the statement from the Federal Reserve following its latest monetary policy meeting. The pending home sales report showed an unexpected decline from the prior month, reminding investors the economy still isn't seeing the most robust of recoveries. ECONOMIC EVENTS: In the U.S., an index of pending home sales fell 1.8% in June, versus expectations for it to have risen 1% compared to the prior month. The Federal Reserve concludes a meeting on monetary policy today and its post-meeting statement is scheduled to be released at 2 pm EDT. The central bank is not expected to raise rates at this meeting and no post-meeting press conference is scheduled for Fed Chair Janet Yellen. In China, the Shanghai composite index rose 3.4%, stemming its most recent stretch of declines, though the index is still deeply in the red on a week-to-date basis. COMPANY NEWS: Shares of Twitter (TWTR) fell 13% after the company reported better than expected quarterly results but its management tempered expectations about its user growth. Several analysts cut their price targets on the stock and warned its shares may be range bound in the near-term, but maintained their buy ratings on the stock based on the social network operator's long-term potential. MAJOR MOVERS: Among the notable gainers following their earnings reports were hepatitis C drug maker Gilead (GILD), which rose 3%, and two defense contractors who raised their outlooks: Northrop Grumman (NOC), which advanced 7%, and General Dynamics (GD), which gained nearly 5%. Also higher was Citrix Systems (CTXS), which jumped about 10% after issuing better than expected fiscal year earnings guidance, reporting its CEO Mark Templeton plans to retire and entering into a cooperation agreement with activist investor Elliott Management, which owns approximately 7.5% of the companyís common stock. Among the noteworthy losers was Yelp (YELP), which tumbled 28% and hit a multi-year low after the local business review site operator reported lower than expected profit and lowered its fiscal year revenue guidance. Also lower following their earnings reports were Akamai (AKAM), which fell 5%, and Level 3 Communications (LVLT), which dropped 6%. INDEXES: Near midday, the Dow was up 94.46, or 0.54%, to 17,724.73, the Nasdaq was up 6.72, or 0.13%, to 5,095.92, and the S&P 500 was up 9.02, or 0.43%, to 2,102.27.
10:00 EDTAMZN, CTXSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3D Systems (DDD) upgraded to Neutral from Underperform at Longbow... AK Steel (AKS) upgraded to Outperform from Neutral at Macquarie... Ally Financial (ALLY) upgraded to Outperform from Neutral at Credit Suisse... Amazon.com (AMZN) upgraded to Buy from Hold at Stifel... Arrow Electronics (ARW) upgraded to Buy from Underperform at CLSA... Beacon Roofing (BECN) upgraded to Buy from Neutral at CL King... Citrix (CTXS) upgraded to Outperform at Baird... Commvault (CVLT) upgraded to Buy from Hold at Jefferies... FireEye (FEYE) upgraded on positive checks, business mdoel changes at Oppenheimer... Hibbett Sports (HIBB) upgraded to Neutral from Underperform at Sterne Agee CRT... Integra LifeSciences (IART) upgraded to Outperform at Raymond James... M/A-COM (MTSI) upgraded to Buy from Hold at Needham... Norsk Hydro (NHYDY) upgraded to Neutral from Underperform at Exane BNP Paribas... NuVasive (NUVA) upgraded to Outperform from Market Perform at Northland... SM Energy (SM) upgraded to Outperform from Market Perform at Raymond James... Scorpio Bulkers (SALT) upgraded to Buy from Hold at Deutsche Bank... Sirius XM (SIRI) upgraded to Buy from Hold at Wunderlich... Sprouts Farmers Markets (SFM) upgraded to Neutral from Underperform at Longbow... Supervalu (SVU) upgraded to Equal Weight from Underweight at Morgan Stanley... Waters (WAT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Guggenheim... Williams-Sonoma (WSM) upgraded to Overweight from Neutral at JPMorgan... YRC Worldwide (YRCW) upgraded to Strong Buy at Raymond James.
09:05 EDTHONHoneywell selected by SunExpress to maximize safety, efficiency of Boeing fleet
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09:04 EDTAMZNAmazon says to debut two new dramatic plots on Amazon Instant Video on Aug. 7
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08:23 EDTCTXSCitrix upgraded to Outperform at Baird
As reported previously, Baird upgraded Citrix to Outperform from Neutral citing its agreement to work with activist investor Elliott Management. Baird raised its price target to $80 from $75 on Citrix shares.
07:39 EDTQCOMQualcomm and BRUSA sign EV charging license agreement
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07:05 EDTAMZNAmazon.com upgraded to Buy with $700 target at Stifel
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06:50 EDTSAPDescartes Systems partners with SAP for transportation software development
Descartes Systems (DSGX) has signed a software development cooperation agreement with SAP (SAP). The partnership creates a logistics message exchange between Descartes' cloud-based Global Logistics Network and the SAP Transportation Management application. The partnership is designed to provide end-to-end shipment visibility and control across the logistics network and help ensure that the supporting customs security and fiscal filings are executed.
06:29 EDTAMZNAmazon.com upgraded to Buy from Hold at Stifel
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06:29 EDTCTXSCitrix upgraded to Outperform from Neutral at Baird
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06:23 EDTGOOGTwitter's VP of product management Christian Oestlien departs for YouTube
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July 28, 2015
17:45 EDTJNPRElliott Associates reduces Juniper stake to 4.5% from 9.6%
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17:40 EDTCTXSElliott Associates raises Citrix stake to 7.5% from 7.1%
Elliott Associates has entered into a cooperation agreement with Citrix. Citrix agreed, among other things, that Asiff Hirji shall resign from the Citrix board and the board shall take such actions as are necessary to appoint Jesse Cohn as a new member of the board to fill the vacancy so created.
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