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Stock Market & Financial Investment News

News Breaks
November 6, 2012
16:31 EDTSREV, VRNG, CSC, AOL, VVUS, GOOGOn The Fly: Closing Wrap
Stocks on Wall Street were higher on Election Day as investors looked forward to some sense of certainty following the results. However, a very tight race, along with the hurricane that impacted the East Coast, make it unclear if a winner will be declared by tomorrow's start of trading... ECONOMIC EVENTS: Domestically, the Job Openings and Labor Turnover survey, or JOLTs report, showed job openings fell 100K to 3.56M in September from 3.66M in August. In Europe, a report showed that the shared currency area's business activity shrank in October at its steepest rate in over three years... COMPANY NEWS: Vringo (VRNG) was awarded $30M in damages plus royalties on its patents that were found by a jury to have been infringed by Google (GOOG), AOL (AOL) and others. Shares of Vringo, which was reported to have been seeking upwards of $600M in damages, were down 2c, or 0.51%, to $3.93 following the stock's resumption of trading after a midday halt... MAJOR MOVERS: Among the notable gainers were AOL, up $7.89, or 22.03%, to $43.70 after reporting Q3 earnings that beat consensus estimates, and Computer Sciences (CSC), up $5.34, or 16.97%, to $36.80 after the company raised its FY13 EPS view. Noteworthy losers included ServiceSource (SREV), down $3.11, or 37.92%, to $5.09 after the company lowered its FY12 growth view and the stock received at least four analyst downgrades, and VIVUS (VVUS), down $3.13, or 20.94%, to $11.82, after the company estimated about 30% of prescriptions for Qysimia, its obesity drug, are abandoned by patients because of non-coverage from insurers... INDICES: The Dow gained 133.24, or 1.02%, to 13,245.68; the Nasdaq rose 12.27, or 0.41%, to 3,011.93; and the S&P 500 advanced 11.13, or 0.79%, to 1,428.39.
News For AOL;VRNG;GOOG;CSC;SREV;VVUS From The Last 14 Days
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March 19, 2015
15:35 EDTGOOGKey FTC staff wanted to sue Google on antitrust charges, WSJ says
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11:18 EDTGOOGeBay cut to sell by noted analyst on mounting PayPal competition
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09:02 EDTGOOGIntel, Google, TAG Heuer announce Swiss smartwatch collaboration
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06:55 EDTGOOGCertain news agencies form advertising alliance to rival Google, others, BI says
The Guardian, CNN International, The Financial Times , Reuters (TRI) and The Economist are forming an advertising alliance, called Pangaea, in hopes of rivaling Google (GOOG), Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD), reports Business Insider UK. The Financial Times is owned by Pearson (PSO), The Economist Group is 50% owned by Pearson via The Financial Times, and CNN is owned by Time Warner (TWX). Reference Link
06:42 EDTGOOGSafety standards for self-driving cars remain in flux, WSJ says
A 2012 California proposal to create safety standards for self-driving cars has yet to materialize because lawmakers, regulators, researchers, and government agencies do not know how to fully assess the technology, reports the Wall Street Journal. Google and other auto makers want to verify safety themselves, but law firm TroyGould and advocacy group Auto Reliability and Safety say third party testing is necessary, while a UC Berkeley transportation expert called the issue an "open question." The National Highway Traffic Safety Administration plans to test the technology "as it emerges... to inform future federal regulation," while the California DMV stated last week it's working quickly but doesn't want to release a premature ruling. Reference Link
05:42 EDTGOOGeBay downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Gene Munster downgraded eBay (EBAY) to Underweight, the firm's sell-equivalent rating, saying competition from Google Wallet (GOOG), Apple Pay (AAPL), Facebook (FB) and Samsung will weigh on PayPal's valuation and market share over the next three years. Munster notes shares of eBay are up 12% since the beginning of February due to optimism around the PayPal spin-out. He cut his price target for shares to $49 from $55. The online marketplace and PayPal owner closed yesterday down $1.07 to $58.42.
March 18, 2015
08:04 EDTGOOGAmerican Enterprise Institute to hold a discussion
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06:04 EDTGOOGGoogle's initial drone design failed, company working on new drone, WSJ reports
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05:59 EDTGOOGGoogle sees self-driving car on market within five years, Re/code says
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05:55 EDTGOOGApple has small team working on augmented reality, says Piper Jaffray
Piper Jaffray analyst Gene Munster says that following talks with industry contacts, he believes Apple (AAPL) has a small team working and exploring the augmented reality space. Munster believes augmented reality has the potential to "be as profound a technology platform as the smartphone today," but admits broader consumer adoption is likely 10 years away. He views Apple's involvement in the space as an indication the company is preparing for the next evolution of computing. Munster has an Overweight rating on Apple with a $160 price target. He describes augmented reality as the "overlay of digital information on the physical world," with Google (GOOG) Glass given as an example.
05:43 EDTGOOGGoogle introduces new app approval process
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March 17, 2015
14:46 EDTVRNGVringo subidiary settles patent lawsuit with D-Link Systems
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14:13 EDTGOOGMorgan Stanley questions GM capital allocation plan
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09:27 EDTGOOGApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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09:07 EDTGOOGDISH's Sling TV launches on Xbox One
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09:05 EDTGOOGMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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07:42 EDTGOOGBoeing may produce satellite for tech giants, Reuters says
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06:37 EDTGOOGAfter losing marketshare, Google now asks Firefox users to switch, BI says
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05:57 EDTGOOGChina vendors to ship 50M Androids with fingerprint sensors, DigiTimes reports
China vendors is expected to ship 50M Android (GOOG) smartphones with fingerprint sensors in 2015, reports DigiTimes. According to sources at Taiwan-based IC backend service companies, Android smartphone vendors have adopted sliding-type fingerprint sensors, which are more competitive in pricing compared to press-type sensors used by Apple (AAPL). Reference Link
March 16, 2015
14:13 EDTGOOGApple to offer Android users rebates to switch to iPhones, 9to5Mac says
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