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Stock Market & Financial Investment News

News Breaks
April 9, 2012
16:14 EDTWCG, GOLD, FB, UNH, CNC, CALL, MSFT, AET, MOH, SNE, AOLOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as investors got their chance to react to Friday’s worse than expected jobs report. Stock futures were sharply lower in pre-market trading, leading to a lower open for the market. The move was broad based, as evidenced by the fact that at one point 99% of the stocks in the S&P 500 index were in negative territory. Investors came back from the holiday weekend ready to sell, but a drift higher throughout the day limited the losses. Big question marks hang in front of the earnings season, which unofficially kicks off tomorrow with Alcoa's (AA) report... ECONOMIC EVENTS: A report Friday, while the U.S. stock markets were closed, showed that the U.S. added 120K net new jobs in March. That total missed expectations and the prevailing rate of growth in recent months. Today's economic calendar had little of note to distract investors from Friday's disappointment... COMPANY NEWS: Microsoft (MSFT) agreed to pay $1.06B to AOL (AOL) to buy many of it patents and license others, sending AOL's shares soaring $7.98, or 43.32%, to $26.40. Microsoft's stock declined with the broader market following the announcement of the deal, falling 42c, or 1.33%, to $31.10. In another $1B tech deal, Facebook (FB) agreed to purchase Instagram, a photo-sharing app for mobile devices. Shares of photo site Shutterfly (SFLY) fell $1.26, or 4.28%, to $28.21 after the deal was announced... Sony (SNE) plans to cut 10,000 jobs, or 6% of its workforce, over the next two years, according to reports... MAJOR MOVERS: Among the notable gainers were magicJack VocalTec (CALL), up $2.26, or 10.86%, to $23.07, as it provided guidance above the Street's view and said it will look to increase its stock buyback program, and Randgold Resources (GOLD), up $7.46, or 9.16%, to $88.90, after the company said its 2012 gold production would not be affected by a coup in Mali. Noteworthy losers included Molina Healthcare (MOH), down $9.36, or 26.74%, to $25.65, Centene (CNC), down $7.83, or 15.41%, to $42.97, WellCare Health Plans (WCG), down $5.46, or 7.35%, to $68.78, and Amerigroup (AGP), down $3.27, or 4.85%, to $64.18, after the companies lost their contracts to administer the state of Ohio’s Medicaid program. Ohio instead chose to go with Aetna (AET), United Health Group (UNH), and three others... INDICES: The Dow fell 130.55, or 1.00%, to 12,929.59; the Nasdaq dropped 33.42, or 1.08%, to 3,047.08; and the S&P 500 lost 15.88, or 1.14%, to 1,382.20.
News For AOL;MSFT;FB;SNE;CALL;GOLD;MOH;CNC;WCG;AET;UNH From The Last 14 Days
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January 20, 2015
15:21 EDTUNHNotable companies reporting before tomorrow's open
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12:57 EDTUNHUnitedHealth volatility elevated into Q4 and outlook
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11:08 EDTMSFTMicrosoft acquires Equivio, terms not disclosed
Rajesh Jha, Microsoft's Corporate VP, Outlook and Office 365, announced on the company's blog that Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance. Jha explains, "We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents." Reference Link
09:39 EDTMSFTMicrosoft Outlook in China hacked by government censorship department, CNBC says
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06:57 EDTFBFacebook to upgrade Messenger app, experiment with revenue generation, WSJ says
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06:02 EDTFBFacebook acquires boutique firm Teehan+Lax, terms not disclosed
Toronto-based boutique firm Teehan+Lax announced in a blog post on Friday that the company will join Facebook's design team in California. T+L said "In a few weeks we will be moving to the San Francisco Bay Area. This will mean saying goodbye to family, friends, Toronto, and Teehan+Lax." Terms of the deal have not been disclosed. Reference Link
January 18, 2015
17:40 EDTAETAetna customers can switch coverage after mistake, Bloomberg says
Aetna is being investigated by the U.S. for misleading elderly and disabled people about which pharmacies would fill prescriptions in Medicare drug plans the health insurer sold them, says Bloomberg. According to the Bloomberg report, customers will be able to quit their coverage and choose a new plan this year as a result. Raymond Thorn, a spokesman for the Centers for Medicare and Medicaid Services said Aetna may be fined or prohibited from enrolling new Medicare customers if the agency determines it intentionally misled Medicare patients, added Bloomberg. Reference Link
16:34 EDTFBFacebook job listings hint at push into virtual reality, Reuters says
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January 16, 2015
14:54 EDTAETGilead at high of day, up 3% after reaching hep C drug pact with Aetna
14:46 EDTAETAetna, Gilead confirm discount pricing for hepatitis C drugs Harvoni, Sovaldi
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10:47 EDTCNC, UNH, AETBofA/Merrill healthcare facilities analyst analyst/industry conference call
Healthcare Facilities & Managed Care Analyst Bressler discusses the legislative and regulatory outlook for the industry for 2015 on an Analyst/Industry conference call to be held on January 23 at 2 pm.
09:47 EDTMSFT, SNEPolice arrest U.K. man in connection with Sony, Microsoft hack, Bloomberg says
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06:08 EDTSNESony may look to sell handset business, DigiTimes reports
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January 15, 2015
19:46 EDTSNE, MSFTMicrosoft's Xbox wins holiday retail fight against PS4, Re/code reports
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15:13 EDTMSFTQihoo 360, Microsoft announce advertising alliance in China, TechWeb says
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13:10 EDTUNHUnitedHealth volatility elevated into Q4 and outlook
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08:31 EDTUNHUnitedHealth, ProHEALTH announce new collaboration agreement
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07:52 EDTSNE'Avatar' sequel pushed back to 2017, AP says
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07:08 EDTMSFTMicrosoft Windows shipments still growing, says Bernstein
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06:27 EDTMSFTIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
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