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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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October 21, 2014
07:26 EDTGOOGGoogle invests in enhanced reality visual-display start-up, WSJ reports
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07:07 EDTGOOGMecklerMedia to hold a conference
Inside 3D Printing Conference is being held in Santa Clara, California on October 21-23.
October 20, 2014
13:40 EDTVRNG, GOOGVringo says Court of Appeals invites Google to respond to en banc petition
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09:52 EDTAOLArmstrong says AOL will not merge with Yahoo, VentureBeat reports
AOL CEO Tim Armstrong said "no" when asked if his company will merge with Yahoo (YHOO), VentureBeat reports, citing a fireside chat with Armstrong at the TechCrunch Disrupt in Europe. Reference Link
09:49 EDTAOLAOL in early talks to spin off CrunchBase, TechCrunch reports
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09:36 EDTGOOGActive equity options trading on open
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09:31 EDTGOOGRobinhood.org to hold conference
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06:22 EDTGOOGYouTube's Robert Kyncl considering leaving company, NY Post reports
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06:01 EDTGOOGGoogle's Hiroshi Lockheimer overseeing Android, Chrome engineering, WSJ says
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October 17, 2014
16:55 EDTGOOGStocks end volatile week lower amid oil price plunge
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09:38 EDTGOOGActive equity options trading on
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07:53 EDTGOOGFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to take a step back, to pause to consider, I hope, a change of course, and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
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07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
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07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
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06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:13 EDTGOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMHs watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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