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Stock Market & Financial Investment News

News Breaks
February 7, 2013
05:59 EDTAMZN, MU, SVU, IDAIdaho joins states who want to tax the cloud, WSJ reports
Idaho is the newest state to take action on cloud taxation since late 2009, as states seek to tap into this fast-growing and potentially lucrative area, reports the wall Street Journal. Already, Arizona, Indiana, New York, Texas and Washington have taken different approaches to apply sales tax to cloud services. Reference Link
News For AMZN;MU;SVU;IDA From The Last 14 Days
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May 17, 2013
07:10 EDTAMZNU.K. to question Amazon over income tax, Reuters reports
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06:43 EDTAMZNApple disputing government's e-book allegations, NY Times says
Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link
06:12 EDTAMZNApple losing its edge as innovator, poll shows, Bloomberg reports
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06:07 EDTMUMobile DRAM revenue fell 5% in Q1, DigiTimes reports
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06:06 EDTAMZNOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports.
May 16, 2013
10:03 EDTAMZNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen.
09:24 EDTAMZNAmazon.com expands content licensing agreement with NBCUniversal
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08:19 EDTMUCourt decision should hasten Micron takeover of Elpida, says Sterne Agee
Sterne Agee believes that a decision by a Japanese court dismissing appeals from the two unsecured creditors to the Elpida consolidation process should enable Micron to close its Elpida acquisition much more quickly than some had feared. The firm views this development as very positive for Micron and keeps a Buy rating on the stock.
06:46 EDTAMZNAmazon.com initiated with a Buy at Lazard Capital
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05:32 EDTMUMicron announces issuance by Tokyo Court of order dismissing creditor appeals
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May 15, 2013
17:46 EDTAMZNSAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), .
08:19 EDTAMZNAmazon paid $3.7M tax in U.K.on $6.B in sales, Reuters reports
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May 14, 2013
12:47 EDTSVUOptions with increasing implied volatility: FMCN FIO SVU BKS
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07:54 EDTAMZNAmazon's employees in Germany to strike for pay, benefits, Reuters reports
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07:05 EDTAMZNNetflix continues to lead web usage in North America, AllThingsD reports
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May 13, 2013
15:22 EDTAMZNAmazon confirms purchase of Samsung screen technology, The Digital Reader says
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07:29 EDTMUSkillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16.
May 10, 2013
14:52 EDTAMZNMarket poised to end week higher as tech helps lead advance
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10:00 EDTMUOn The Fly: Analyst Downgrade Summary
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07:47 EDTMUMicron downgraded at JMP Securities
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