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Stock Market & Financial Investment News

News Breaks
July 7, 2014
06:28 EDTMSFT, AAPL, FIATY, AMZN, MCD, SBUXAmazon's Luxembourg operations included in EU tax inquiry, WSJ reports
According to a source familiar with the situation, the EU's inquiry into the tax treatment of multinational firms has spread to Amazon's Luxembourg operations, as well as other companies operating in the country, the Wall Street Journal reports. EU regulators previously said they had opened formal investigations into the tax practices of Apple (AAPL) in Ireland, Starbucks (SBUX) in the Netherlands and a Fiat (FIATY) unit in Luxembourg. Joaquin Almunia, the EU's antitrust chief, says the investigation could include Google (GOOG) if expanded. Thefly notes that Bloomberg recently reported that Luxembourg has been questioned by the EU about its tax agreements with McDonald's (MCD) and Microsoft (MSFT). Reference Link
News For AMZN;AAPL;SBUX;FIATY;MSFT;MCD From The Last 14 Days
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December 4, 2014
14:28 EDTSBUXStarbucks CFO reaffirms FY SSS growth mid single digits
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12:34 EDTMSFTMicrosoft advances after analyst hikes target on upbeat earnings forecast
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12:27 EDTSBUXStarbucks exploring two different delivery models to launch mid-to-late 2015
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12:24 EDTSBUXStarbucks sees mobile ordering driving MSR memberships
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12:22 EDTMSFTOn The Fly: Midday Wrap
Stocks on Wall Street began the session slightly lower despite relatively in-line jobless claims data, as European markets moved down following a rate decision and accompanying commentary from ECB President Mario Draghi. Adding to the modest pressure seen in morning trading may be the fact that oil prices continue to move lower. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 17K to 297K in the week ended November 29, which was nearly in-line with the expectation for 295K first-time claims. Challenger reported announced layoffs fell 15.2K in November to 35.9K. In Europe, the European Central Bank kept its key rates unchanged, as expected. ECB President Mario Draghi said in his accompanying press conference that the latest euro area macroeconomic projections indicate lower inflation, accompanied by weaker real GDP growth and subdued monetary dynamics. Additionally, he stated that early next year the Governing Council will reassess the monetary stimulus achieved, the expansion of the balance sheet and the outlook for price developments. "Should it become necessary to further address risks of too prolonged a period of low inflation, the Governing Council remains unanimous in its commitment to using additional unconventional instruments within its mandate. This would imply altering early next year the size, pace and composition of our measures," Draghi said. COMPANY NEWS: Shares of Barnes and Noble (BKS) slid about 10% after the company reported lower than expected second quarter earnings and said it continues to expect both Retail comparable bookstore sales and Retail Core comparable bookstore sales to decline in the low-single digits this fiscal year. Additionally, Barnes & Noble and Microsoft (MSFT) agreed to terminate their commercial agreement and B&N agreed to acquire Microsoft's entire preferred interest in NOOK Media in exchange for $62.4M cash and 2.74M shares of its stock. MAJOR MOVERS: Among the notable gainers was Hawaiian Electric (HE), which jumped 16% after its board approved a plan to spin off ASB Hawaii, the parent company for American Savings Bank, and establish it as an independent publicly traded company and NextEra Energy (NEE) agreed to acquire the company, excluding the banking subsidiary. Array BioPharma (ARRY) rose 15% after announcing it has reached a definitive agreement with Novartis (NVS) to regain full worldwide rights to binimetinib, a MEK inhibitor in three Phase 3 trials, which Piper Jaffray called a "big win" for the company. Among the noteworthy losers was UTi Worldwide (UTIW), which fell 11.5% after confirming that exploratory conversations have taken place with DSV, but adding those discussions never progressed beyond a preliminary stage and that no talks are currently taking place. Also lower were shares of Express (EXPR), which declined over 9% after the apparel retailer reported lower than expected Q3 revenue and gave EPS guidance that fell short of estimates. INDEXES: Near midday, the Dow was down 53.56, or 0.3%, to 17,859.06, the Nasdaq was down 2.80, or 0.06%, to 4,771.67, and the S&P 500 was down 5.49, or 0.26%, to 2,068.84.
12:18 EDTSBUXStarbucks sees 'mobile ordering' driving transactions
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12:16 EDTSBUXStarbucks says has the neccessary attributes to create new mobile payment system
12:14 EDTSBUXStarbucks says use of mobile app grew approximately 50% in 2014
12:05 EDTSBUXStarbucks to make aggressive push in tea business
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11:06 EDTSBUXStarbucks announces launch of Mobile Order & Pay
Reports 8M loyalty customers, 7M mobile transactions per week. Reports more than $4B loaded onto prepaid Starbucks Cards in North America in the last year. Starbucks announced the launch of “Mobile Order & Pay” and plans for food and beverage delivery. Mobile Order & Pay will allow customers to place orders in advance of their visit, and to pick up their ready order at their preferred Starbucks store – improving speed of service, enhancing customer loyalty and the customer experience, streamlining store operations and further extending Starbucks leadership position in mobile commerce and customer loyalty. The Portland launch will be followed by a national rollout of Mobile Order & Pay in 2015.
11:04 EDTSBUXStarbucks plans to double store count in China to 3000 stores by 2019
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11:03 EDTSBUXStarbucks projects revenue to approach $30B in FY19, up from $16B in FY14
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10:08 EDTMSFTBarnes & Noble says Pearson continues to have 5% interest in Nook Media LLC
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09:37 EDTAMZN, AAPLActive equity options trading
Active equity options trading according to Track Data: AAPL ALTR P BIDU AMZN TSLA X NFLX TWTR WMT
09:01 EDTAMZNAmazon launches Amazon Elements everyday essentials product line
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08:46 EDTMSFTBarnes & Noble to pay $62.4M, 2.74M shares for Microsoft Nook stake
08:45 EDTAMZNAmazon.com, ChannelAdvisor should be bought, says Pacific Crest
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08:44 EDTMSFTBarnes & Noble to acquire preferred interest in NOOK Media from Microsoft
Barnes & Noble (BKS) filed a Form 8-K with the SEC stating that Barnes & Noble and Microsoft (MSFT) have agreed to terminate their commercial agreement including any associated obligations for international content acquisition and sale. Such termination will allow the company to continue its rationalization of the NOOK Digital business and enhances Barnes & Noble’s operational and strategic flexibility. The termination also relieves Microsoft of any obligation to continue to fund support and other payments set forth in the commercial agreement between the partners. Additionally, the company stated that it had entered into an agreement with Microsoft to acquire its entire preferred interest in NOOK Media, LLC. As a result of today’s announcement, Barnes & Noble expects that the completion of the potential separation of the company's businesses could occur by the end of August 2015, although there can be no assurances regarding the timing of such potential separation or that such separation will be completed.
07:25 EDTMSFTMicrosoft price target raised to $56 from $50 at Nomura
Nomura raised Microsoft's price target to $56 to reflect the new Board's potential return of cash to shareholders. The analyst believes the Board is looking at several scenarios that include a leveraged recapitalization to buy back half its stock over a multi-year period, to a more likely, 5%-10% repurchase of shares. The firm rates shares a Buy.
06:02 EDTAMZNStocks with implied volatility movement; BAC AMZN
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