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Stock Market & Financial Investment News

News Breaks
April 9, 2012
16:14 EDTAET, MOH, SNE, AOL, WCG, GOLD, FB, UNH, CNC, CALL, MSFTOn 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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April 4, 2014
08:02 EDTFBFacebook met with anonymous app maker Secret but didn't make offer, Re/code says
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07:43 EDTMSFTBaidu market leading search share in China rose in March, Marbridge Daily says
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07:28 EDTMSFTNew America Foundation to hold a forum
The New America Foundation holds a forum, "Implementing the PCAST Spectrum Sharing Report" with President Obama's Deputy CTO for Telecom Policy, Jason Furman, VP Medin of Google and Craig Mundie of Microsoft in Washington, D.C. on April 4 at 2 pm. Webcast Link
06:24 EDTSNEElectronic Arts hires Sony developer Amy Hennig
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06:12 EDTFBFacebook paid researchers $1.5M to fix software bugs
Facebook paid out more than $1.5M to security researchers who helped it find and fix software bugs and security vulnerabilities in its software code, the company said. The company says it has been working to grow its bug bounty program since 2011, and "We received 14,763 submissions in 2013, a 246% increase from 2012. Of these, 687 were valid and eligible to receive rewards. 6% of eligible bugs were categorized as high severity. We've paid over $2M since we got started in 2011, and in 2013 we paid out $1.5M to 330 researchers across the globe. 2014 is looking good so far. The volume of high-severity issues is down, and we're hearing from researchers that it's tougher to find good bugs." Reference Link
April 3, 2014
18:08 EDTMSFTMicrosoft options look like moneymakers, Barron's reports
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13:38 EDTFBFacebook retests the $60 area, levels to watch
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09:30 EDTMSFTApple, Pfizer others create 'go slow' patent lobby group, Reuters says
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06:13 EDTMSFTMicrosoft to stop charging fee for Windows for some smartphones, WSJ reports
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06:10 EDTFBGoogle's LeBeau hired by Facebook, TechCrunch reprots
Google (GOOG) product designer Mike LeBeau has been hired by Facebook (FB), TechCrunch reports. LeBeau had a hand in developing several voice-related technologies, including iPhone Voice Search, while working as a staff software engineer and product designer at Google, and was an early member of the Android team. LeBeau will become a product manager at Facebook. Reference Link
06:01 EDTFBInstagram fixing bug that hides users' photos, AP reports
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April 2, 2014
14:05 EDTMSFTMicrosoft announces Windows Phone 8.1, Windows 8.1 update at conference
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12:50 EDTMSFTMicrosoft Windows 8.1 update to be available April 8
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12:41 EDTMSFTMicrosoft announces Windows Phone 8.1 personal assistant Cortana
Windows Phone 8.1 personal voice assistant Cortana is powered by Bing, and can be opened by a Live Tile on the home screen or via a phone's search button. Cortana can add items to calendars, set alarms, and find nearby restaurants.
12:27 EDTMSFTMicrosoft Phone 8.1 update to roll out to consumers in next few months
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09:45 EDTFBSecond major outage hits WhatsApp since Facebook acquisition, TechCrunch says
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09:35 EDTFBActive equity options trading on open
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08:34 EDTFB, FBFacebook ahead of peers in mobile, says CLSA
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07:03 EDTMSFTMicrosoft CEO to lay out vision for Windows at Build, Business Insider says
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06:50 EDTFBYouTube dominates mobile apps, Facebook on top in mobile social, Re/code says
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