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Stock Market & Financial Investment News

News Breaks
November 6, 2012
16:31 EDTCSC, AOL, VVUS, GOOG, SREV, VRNGOn 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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May 11, 2015
11:03 EDTGOOGLionsgate, Google Play partner on 'The Mad Men Experience'
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09:59 EDTAOLOn The Fly: Analyst Downgrade Summary
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08:39 EDTAOLAOL well positioned to capitalize on industry shifts, says UBS
UBS believes AOL is well positioned to capitalize on the shifts to video display advertising, deep brand marketing services on digital properties, and the trend toward programmatic buying in the coming years. UBS reiterated its Buy rating and $50 price target on AOL shares.
07:42 EDTAOL, AOLAOL downgraded to Sell from Underperform at CLSA
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06:11 EDTGOOGStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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May 8, 2015
16:34 EDTAOLOn The Fly: Top stock stories for Friday
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13:55 EDTGOOGAnalysts say Yelp sale more likely than not
There is a 60% chance that Yelp (YELP) will be acquired for $59-$85 per share, Deutsche Bank wrote in a note to investors today. Meanwhile, research firm Jefferies contended that Google (GOOG) is the company that is most likely to buy Yelp. WHAT'S NEW: There is a 60% chance that Yelp will be acquired for $59-$85 per share, Deutsche analyst Lloyd Walmsley wrote in a note to investors earlier today. If the company is not acquired, the stock will fall 32% from current levels, the analyst predicted. Given its status as a winner in the local Internet sector, its huge user base and its global presence, Yelp should draw a great deal of interest, the analyst believes. Since its user reviews and community are difficult to replicate, the company should receive a premium from an acquirer, added Walmsley, who raised his price target to $56 from $51 and kept a Buy rating on the shares. Google is the most logical acquirer of Yelp, according to Jefferies analyst Brian Pitz, who noted that it had previously tried to buy the company in 2009. Google has been unable to obtain the local reviews that draw consumers to small and medium businesses, according to Pitz. Traditional search engine marketing through Google is too difficult for these businesses, according to the analyst. The biggest hurdle to a takeover of Yelp by Google is the companies' "rocky historic relationship," he believes. The analyst kept a $79 price target and Buy rating on Yelp. WHAT'S NOTABLE: After The Wall Street Journal reported yesterday that Yelp could be sold for more than $3.5B, Piper Jaffray said it thought there was a greater than 50% chance of the company being acquired. The firm said the most logical buyers of Yelp are Google, Facebook (FB) and Apple (AAPL), since all three would benefit from further traction in local ads and would gain technological synergies from acquiring Yelp. PRICE ACTION: In mid-afternoon trading, Yelp advanced 6.5% to $50.
12:58 EDTAOLOn The Fly: Top stock stories at midday
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09:28 EDTAOLOn The Fly: Pre-market Movers
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08:49 EDTAOLAOL CEO sees doing 'more and more things' with messaging, social platforms
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08:45 EDTVRNGVringo announces favorable ruling against ZTE in Romania
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08:35 EDTAOLAOL CEO says feels 'very good' about choices when renewing search contract
AOL (AOL) CEO Tim Armstrong says he feels "very good" about where the company is in search and about the options and position the company has heading into its search contract renewal conversations with incumbent Yahoo (YHOO) and others.
08:28 EDTAOLAOL says Q1 results evidence of 'solid progress' on strategies
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08:25 EDTAOLAOL sees Q2 revenue 'bearing brunt' of restructuring efforts
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07:38 EDTGOOGJefferies puts Google atop list of potential Yelp buyers
Jefferies laid out potential buyers for Yelp (YELP) after the Wall Street Journal reported that the company hired bankers to explore a sale. A Google (GOOG, GOOGL), Yelp (YELP) combination makes the most sense, the firm believes. It points out Google unsuccessfully tried to buy Yelp for $550M in 2009. Other potential buyers include Facebook (FB), Priceline (PCLN), GrubHub (GRUB) and Yahoo (YHOO), the firm notes. Jefferies views Yelp as a highly valuable asset and keeps a Buy rating on the stock with a $79 price target. Deutsche Bank today pegged the chances of a Yelp buyout at 60% and estimates a takeout price between $59 and $85 per share. The stock closed yesterday up $8.79 to $47.01 following the Journal's report.
07:20 EDTAOLAOL CEO says focused on mobile, programmatic ad growth
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07:19 EDTAOLAOL CEO says Huffington Post 'one of the most valuable assets' in media
AOL CEO Tim Armstrong says Huffington Post has grown to have 220M global users and is still "in investing mode," noting that its traffic and revenue are growing. Armstrong is speaking on CNBC.
07:05 EDTAOLAOL reports Q1 domestic average monthly multi-platform unique visitors up 12%
AOL reports domestic AOL subscribers of 2.156M at end Q1, down 11% from prior year and down 3% from the prior quarter. Reports domestic average monthly AOL multi-platform unique visitors of 190M, up 12% from the prior year and down 3% from the prior quarter. Reports domestic average monthly desktop unique visitors to AOL Properties of 107M, down 6% from the prior year and flat with the prior quarter.
07:01 EDTAOLAOL reports Q1 adjusted EPS 34c, consensus 32c
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06:12 EDTGOOGGoogle integrates food ordering into search results for some restaurants
Google (GOOG) says on Google+, "Whether you’re craving deep dish pizza or pad thai, starting today you can order food from some of your favorite restaurants directly from Google search results. When you search for a nearby restaurant on your phone, you’ll see an option to 'Place an order' in the search results. Just tap that, choose the delivery service and you’ll be taken to their website to complete the order.Initially, you’ll be able to order via six providers in the U.S. -- Seamless, Grubhub (GRUB), Eat24, Delivery.com, BeyondMenu and MyPizza.com -- but we’ll be looking to add more in the future." Reference Link
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