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Stock Market & Financial Investment News

News For AMZN;EBAY;BBY;WMT;TGT;SCOR From The Last 14 Days
Check below for free stories on AMZN;EBAY;BBY;WMT;TGT;SCOR the last two weeks.
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April 10, 2014
14:24 EDTAMZNAmazon Web Services CTO says ARM CPUs may be considered, The Register says
Amazon (AMZN) Web Services chief technology officer Werner told The Register that the company is “always looking for efficiency” and may consider using ARM (ARMH) CPUs in the future. Vogels said another processor architecture AWS has considered is IBM's (IBM) Power, the report noted. Reference Link
13:14 EDTWMTFamily Dollar slides after holiday disappointment prompts store closures
Shares of discount retailer Family Dollar (FDO) are falling after the company reported second quarter earnings per share and revenue that fell below expectations, along with third quarter and FY14 projections that are lower than analysts' consensus. WHAT'S NEW: This morning, Family Dollar reported second quarter earnings per share of 80c, which fell below analysts consensus of 90c. The company reported second quarter revenue of $2.72B, while analysts projected $2.77B. Family Dollar, which reported that its second quarter same-store-sales decreased by 3.8%, said the holiday season was challenged by "a more promotional competitive environment and a more financially constrained consumer" and that its results were also significantly impacted by severe winter weather like many retailers. The company expects third quarter earnings per share excluding-items to be 85c-95c, while analysts project a 98c consensus. Family Dollar said that it sees FY14 earnings per share excluding items to be $3.05-$3.25, which is at the lower end of analysts' estimations. Family Dollar noted that it expects to close nearly 370 underperforming stores in the second half of FY14 and slow new store growth beginning in FY15. WHAT'S NOTABLE: During Family Dollar's earnings conference call, the company said that it plans to slow square footage growth in the beginning of FY14 and said that it recently cut about 10% of its corporate workforce. ANALYST OPINION: Wells Fargo analyst Matt Nemer said Family Dollar's third quarter negative comp guidance and commentary about a challenging macro environment could pressure its own shares as well as those of its peers Dollar General (DG) and Dollar Tree (DLTR). However, Family Dollar's store closures combined with a decrease in future store growth could ultimately have positive implications for its competitors, Nemer added. On March 4, Credit Suisse said Family Dollar's underperformance compared to Dollar General and significant earnings possibilities gives the rationale for a potential merger of the two. On February 19, Credit Suisse analyst Michael Exstein suggested that Wal-Mart (WMT) should consider acquiring Family Dollar as a way to "jumpstart" its small store effort. CNBC's David Faber reported the same morning that Exstein published his note that Family Dollar was not holding any talks about selling itself at that time. PRICE ACTION: During afternoon trading, shares of Family Dollar decreased $1.54, or 2.61%, to $57.53, Dollar Tree dropped 2.5%, and Dollar General fell about 1.5%.
12:52 EDTEBAYCarl Icahn says eBay separation 'not if but when'
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12:25 EDTEBAYOn The Fly: Midday Wrap
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12:18 EDTAMZNAmazon CEO confirms plans to expand Amazon Fresh offering, Re/code reports
Amazon CEO Jeff Bezos has confirmed that the company is planning to expand Amazon Fresh beyond its current three markets, Re/code reports, citing the CEO's 2013 letter to shareholders. He commented that "We’ll continue our methodical approach – measuring and refining Amazon Fresh – with the goal of bringing this incredible service to more cities over time." Bezos also commented on drones, saying "The Prime Air team is already flight testing our 5th and 6th generation aerial vehicles and we are in the design phase on generations 7 and 8." Reference Link
09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
09:21 EDTEBAYOn The Fly: Pre-market Movers
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08:35 EDTEBAYeBay CEO says Icahn now becoming 'long-term shareholder'
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08:35 EDTEBAYEBay volatility expected to move on settling proxy contest with Carl Icahn
eBay volatility is expected to move on settling a proxy contest with Carl Icahn. Overall option implied volatility 29 is near its 26-week average of 28 according to Track Data, suggesting non-directional price movement.
08:22 EDTEBAYeBay says appointment will expand independent directors to 10
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08:22 EDTEBAYeBay says to appoint David Dorman as independent director
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08:21 EDTEBAYeBay, Carl Icahn settle proxy contest, PayPal spin-off proposal withdrawn
eBay announced that it has reached an agreement with investor Carl Icahn, ending the proxy contest before the company’s upcoming annual meeting of stockholders. Icahn is withdrawing both his proposal to separate the company’s PayPal business and his two nominees to the company’s Board of Directors. The company said it has agreed to Icahn’s suggestion to appoint business executive David Dorman as an independent director to its Board of Directors. This will expand the number of independent directors to 10 on the 12-member board. The other two directors are eBay Founder and Chairman Pierre Omidyar, the company’s largest shareholder, and company President and CEO John Donahoe. Dorman is a Founding Partner of Centerview Capital Technology. “We are very pleased to have reached this agreement with Carl, settling proxy issues and enabling our board and management team to focus our full attention on a goal every shareholder agrees on – growing PayPal and eBay, and delivering sustainable shareholder value,” said eBay President and CEO John Donahoe. “As a result of our conversations, it became clear that Carl and I strongly agree on the potential of PayPal and our company,” Donahoe said. “I respect Carl’s willingness to work together to drive sustainable shareholder value today and into the future. His record shows that he has done this with many other companies in the past. Icahn has signed a confidentiality agreement covering any non-public information that directors and certain officers of the company may share with him. In addition, the company agreed not to adopt a policy precluding such persons from speaking to Icahn, and that it would advise them that they may speak to Icahn if they are willing to do so.
08:18 EDTEBAYeBay, Icahn settle proxy contest, PayPal spin-off proposal withdrawn, CNBC says
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06:13 EDTWMTWal-Mart to carry Wild Oats organic food items
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April 9, 2014
13:20 EDTEBAYeBay option activity suggests bullish move, Barron's reports
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09:10 EDTWMTWal-Mart to purcahse energy-efficient LED ceiling lighting fixtures from GE
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07:49 EDTAMZNAmazon unclear about limits of Fire TV voice search, BI says
Amazon (AMZN) claimed to have addressed user annoyances when it detailed the voice search features of its new Fire TV system last week, but the company was unclear about the fact that voice searches only present results from Amazon's Instant Video library and Vevo and exclude other services like Netflix (NFLX), said Business Insider. The company also was not upfront about the way voice searches are saved as recordings of users' voices, the report added. Reference Link
07:28 EDTAMZNAmazon looking to court game developers for Fire TV, NY Post reports
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06:07 EDTAMZNRovi sell-off on patent ruling unwarranted, says Brean Capital
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06:01 EDTAMZNRovi sell-off on patent ruling a buying opportunity, says Piper Jaffray
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