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News Breaks | | | | April 9, 2012 | | 16:14 EDT |  | AOL, AET, WCG, CNC, MOH, GOLD, CALL, SNE, FB, MSFT, UNH | On 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. | |
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News For AOL;MSFT;FB;SNE;CALL;GOLD;MOH;CNC;WCG;AET;UNH From The Last 14 Days Check below for free stories on AOL;MSFT;FB;SNE;CALL;GOLD;MOH;CNC;WCG;AET;UNH the last two weeks. |
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| June 18, 2013 | | 17:12 EDT |  | SNE | Nvidia to begin licensing GPU cores, visual computing portfolio
 Subscribe for More Information | | | 16:22 EDT | | SNE | On The Fly: Closing Wrap
Subscribe for More Information | | | 16:12 EDT |  | MSFT | Microsoft adds Qualcomm as Surface RT supplier, Bloomberg says
Microsoft (MSFT) will use Qualcomm (QCOM) chips in its updated Surface RT tablet, reports Bloomberg, citing people with knowledge of the company's plans. The report also cites a source that says Nvidia's (NVDA) Tegra chip will continue to be used for some versions of the Surface. Reference Link | | | 15:49 EDT | | MSFT | NVIDIA said to remain supplier for some Surface RT versions, Bloomberg says
Subscribe for More Information | | | 15:47 EDT | | MSFT | Microsoft said to have added Qualcomm as supplier for Surface RT, Bloomberg says
Subscribe for More Information | | | 14:17 EDT | | FB | Samsung may launch smartphone optimized for Facebook, Korea Times says
Subscribe for More Information | | | 12:21 EDT | | SNE | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:34 EDT | | MSFT | Microsoft selling tablets to schools for huge discounts, ZDNet says
Subscribe for More Information | | | 09:49 EDT |  | SNE | Sony rises after Third Point raises stake to 7%, levels to watch
Subscribe for More Information | | | 09:48 EDT | | FB | Facebook, Samsung meeting sparks mobile plan questions, TechCrunch says
Facebook (FB) CEO Mark Zuckerberg met with Samsung (SSNLF) President Shin Jong Kyun to discuss a potential future for the two companies coming together to increase their revenue from mobile device ad sales, reported TechCrunch. Reference Link | | | | 09:08 EDT | | FB | Amazon.com announces social gift giving service
Subscribe for More Information | | | 09:05 EDT | | SNE | T-Mobile to be exclusive carrier of Sony Xperia Z smartphone
T-Mobile U.S. (TMUS) announced it will be the exclusive U.S. wireless company to carry the Xperia Z from Sony (SNE). | | | 08:52 EDT | | SNE | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:42 EDT | | SNE, MSFT | May U.S. retail video game sales fall 25%, Bloomberg reports
U.S. retail sales of video game hardware, software and accessories tumbled 25% to $386.3M this past May, with overall hardware sales down 31% from last year to $96M, reported Bloomberg citing data from NPD Group. Reference Link | | | 07:42 EDT |  | FB, MSFT | O'Reilly Media to hold a conference
Subscribe for More Information | | | 07:39 EDT | | SNE | Loeb ups his Sony stake, pushes for entertainment IPO, WSJ reports
Hedge-fund investor Daniel Loeb's Third Point LLC increased its stake in Sony Corp. as it moved to persuade the company to launch an IPO of its entertainment division, reports the Wall Street Journal. Third Point added about 5M shares to its Sony stake, for a total of 70M shares, or 6.9% of the company. This morning in Tokyo, Loeb's fimr sent a letter from him to Sony CEO Kazuo Hirai reiterating their argument that Sony should sell a 15% to 20% stake in its entertainment arm, which comprises the company's movie and music businesses. Reference Link | | | 07:29 EDT | | MSFT | Securities Industry and Financial Markets Association to host a conference
Subscribe for More Information | | | 06:17 EDT | | MSFT | Taiwan tablet sales to reach 2M units in 2013, DigiTimes reports
Tablet demand in the Taiwan market is set to reach 2M units in 2013, reports DigiTimes, according to a Far EasTone Telecommunications Officer. Maxwell Cheng said the forecast for tablet sales volume in 2013 is set to double the level in 2012, with the 7-inch models estimated to account for 70%-80% of solid tablets. Reference Link | | | 06:05 EDT |  | SNE | Sony implied volatility at upper end of index mean range
| | | June 17, 2013 | | 20:08 EDT | | SNE | Dan Loeb sends second letter to Sony, Variety reports
Dan Loeb has sent a second letter to Sony CEO Kazuo Hirai reiterating his proposal to spin-off Sony's entertainment assets, reports Variety. Reference Link | | |
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