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Stock Market & Financial Investment News

News Breaks
November 6, 2012
16:31 EDTAOL, VRNG, GOOG, CSC, SREV, VVUSOn 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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September 5, 2014
06:33 EDTGOOGMicrosoft, competitors aim to halt Google EU agreement, Reuters says
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06:29 EDTGOOG$30 to be competitive price for sapphire covers in 2015, DigiTimes Research says
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06:03 EDTGOOGGoogle implied volatility of 16 at lower end of index mean range
06:01 EDTGOOGESPN head doesn't see people using Google for big sports events, Re/code reports
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September 4, 2014
12:34 EDTGOOGGoogle settles FTC complaint over kids app purchases
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12:30 EDTGOOGFTC says Google settles app purchase charges for $19M
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07:22 EDTGOOGGoogle has upward bias to estimates, says Credit Suisse
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06:40 EDTGOOGApple, others restart discussions with tech staff in hiring suit, Reuters says
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06:30 EDTGOOGIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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06:16 EDTGOOGLuxottica's returning CEO says 'embarrassed’ by Google Glass, FT reports
Luxottica's (LUX) founder and returning CEO Leonardo Del Vecchio told the Financial Times earlier this week that he has not used Google Glass (GOOG) and that it would "embarrass [him] going around with that on my face." Luxottica signed a deal with Google earlier this year to develop the $1,500 interactive headset. Reference Link
September 3, 2014
13:02 EDTGOOGAbbVie, Calico announce collaboration
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11:08 EDTGOOGAppeals court upholds Google win in patent suit brought by buySAFE
A district court previously ruled that patent claims asserted by buySAFE were invalid because they cover subject matter ineligible for patenting. An appeals court agreed that the district court’s holding is correct and Google did not infringe. Reference Link
10:32 EDTSREVServiceSource management to meet with JMP Securities
Meeting to be held in San Francisco on September 8 hosted by JMP Securities.
07:31 EDTAOLDun & Bradstreet names Curtis Brown as CIO
Dun & Bradstreet (DNB) announced the appointment of Curtis Brown to the role of Chief Information Officer, reporting to COO Josh Peirez, effective immediately. Brown, who most recently served as Global Chief Technology Officer at AOL (AOL), assumes global responsibility for Dun & Bradstreet's expanding portfolio of technology, proprietary data and related intellectual property.
06:23 EDTGOOGGoogle satellite exec Greg Wyler leaves company, sources say, WSJ reports
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06:22 EDTGOOGGoogle, UCSB partner on hardware initiative
Google yesterday said it is backing a project to design and build "new quantum information processors" with researchers at the University of California at Santa Barbara. Google comments, "With an integrated hardware group the Quantum AI team will now be able to implement and test new designs for quantum optimization and inference processors based on recent theoretical insights as well as our learnings from the D-Wave quantum annealing architecture. We will continue to collaborate with D-Wave scientists and to experiment with the 'Vesuvius' machine at NASA Ames which will be upgraded to a 1000 qubit 'Washington' processor." Reference Link
06:06 EDTAOLAOL's Susan Lyne stepping down as brand CEO, Re/code reports
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September 2, 2014
14:26 EDTGOOGGoogle renames Google Enterprise products Google for Work
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09:22 EDTGOOGGoogle expected to launch low-end smartphone soon, NDTV Gadgets reports
Google has sent out invitations to the media for an event on September 15 in India, according to NDTV Gadgets. The search engine giant is expected to launch a low-end smartphone known as Android One at the event, NDTV stated. Reference Link
08:58 EDTGOOG, VRNG, AOLVringo preparing to seek further review of Court split decision
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