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December 20, 2013
Stocks on Wall Street were higher after a revised GDP estimate showed the U.S. economy grew at a 4.1% annual rate in the third quarter, the strongest reading since late 2011. The averages powered to their highs near midday but came off their best levels into the close, though with today's close each of the indexes finished the week with gains better than 2%. ECONOMIC EVENTS: In the U.S., third quarter GDP growth was revised up to 4.1% from the second reading of 3.6% growth. Personal consumption fueled the better than expected headline, rising 2.0%, which was up from the prior 1.4% estimate and from 1.8% in the prior quarter. In Europe, ratings agency S&P cut its triple-A rating of the European Union by one notch. COMPANY NEWS: BlackBerry (BBRY) reported a wider-than-expected quarterly loss, with sales that also trailed estimates, as the trouble handset maker recognized revenue on only 1.9M smartphones in the third quarter which was down from 3.7M smartphones in the previous quarter. BlackBerry also announced a five-year strategic partnership with Foxconn, which also builds devices for Apple (AAPL), and shares of the company, which have a substantial short interest, closed up 97c, or 15.52%, to $7.22... T-Mobile U.S. (TMUS) gained $1.39, or 4.69%, to $31.00 after a Wall Street Journal report said that Sprint (S) may bid for the company, while a report from Bloomberg said that Softbank (SFTBF) CEO Masayoshi Son has approached banks about financing a possible deal for T-Mobile. Sprint, which is majority-owned by Softbank, saw its shares gain 62c, or 6.71%, to $9.86. MAJOR MOVERS: Among the notable gainers was Responsys (MKTG), up $7.81, or 40.01%, to $27.33 after agreeing to be acquired by Oracle (ORCL) for $27.00 per share in cash. Also higher were shares of Jazz Pharmaceuticals (JAZZ), up $9.19, or 8.01%, to $123.91 after the company last night announced it would acquire Gentium (GENT) for $57 per share in a deal Jazz said will be immediately accretive to its adjusted earnings per share. U.S.-listed shares of Gentium gained $1.57, or 2.82%, to $57.22 following the announcement. Among the noteworthy losers was TIBCO Software (TIBX), down $2.54, or 10.38%, to $21.94 after the company last night reported fourth quarter earnings that beat estimates, but gave a first quarter profit and sales outlook that trailed estimates, as the stock was also downgraded to Neutral from Buy at UBS. Also lower following a disappointing earnings report was CarMax (KMX), which fell $4.97, or 9.37%, to $48.08. Shares of coal miner Peabody Energy (BTU) also fell 90c, or 4.70%, to $18.23 after the company said it expects fiscal-year 2013 adjusted EBITDA to come in $60M-$80M lower than previously expected. INDEXES: The Dow was up 42.06, or 0.26%, to 16,221.14; the S&P 500 was up 8.71, or 0.48%, to 1,818.31; the Nasdaq was up 46.61, or 1.15%, to 4,104.74.
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April 16, 2014
09:04 EDTBBRYBlackBerry announces investment by several leading Canadian organizations
BlackBerry announced that several leading Canadian customers are deploying BlackBerry Enterprise Service 10, or BES10, including: Volker Stevin, City of Waterloo and Samuel, Son & Co., Limited. According to J. Gold Associates, over the next year or two the average enterprise user will employ three to five personal devices and use eight to 10 business applications. With the growing need for enterprise users to connect to at least five different enterprise systems, such as VPN, email and the cloud, to perform work-related tasks, the management and security of devices will become increasingly more complex to control without the right enterprise mobility management, or EMM, solution. Migrating to BlackBerry's EMM solution allows organizations to seamlessly manage devices, operating systems, applications and security. The City of Waterloo continues its long-standing partnership with BlackBerry in innovating and injecting new ideas and technologies to provide valued services that help build the best quality of life for its citizens. In addition to deploying BES10 and BlackBerry 10 smartphones for its workforce, the City of Waterloo also worked with BlackBerry to develop the Ping Street mobile application on the BlackBerry OS platform. Samuel, Son & Co., Limited, Canada's oldest and largest metals service center and metal manufacturing company, has chosen BES10 and BlackBerry 10 smartphones as their core end-to-end business mobility solution.
April 15, 2014
15:53 EDTBBRYFord's new My Touch with BlackBerry software slated for year end, WSJ says
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08:03 EDTBBRYBlackBerry invests in NantHealth for integrated end-to-end healthcare solutions
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April 14, 2014
09:10 EDTTMUS, ST-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTS, TMUST-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
06:40 EDTS, TMUSNo lines for Samsung's Galaxy S5 but carriers say demand healthy, Re/code says
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April 13, 2014
17:05 EDTBBRYBlackBerry plans to release 'Heartbleed' patches, Reuters says
BlackBerry is planning a release of security updates for messaging software for Android and iOS devices by Friday to deal with vulnerabilities in programs related to the "Heartbleed" security threat, says Reuters. Reference Link
16:57 EDTSSprint and Spotify plan to team up, Re/code says
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April 11, 2014
09:24 EDTORCLOracle management to meet with JPMorgan
Meeting to be held in Chicago on April 17 hosted by JPMorgan.
07:06 EDTORCLOracle management to meet with Deutsche Bank
Meeting to be held in Frankfurt on April 11 hosted by Deutsche Bank.
April 10, 2014
12:13 EDTBBRYBlackBerry CEO: No intention of selling handset unit, Globe and Mail reports
BlackBerry CEO John Chen said his comments that he would consider exiting the handset business were taken out of context, and that there are no immediate plans to sell the business, The Globe and Mail reports. Reference Link
11:03 EDTKMXOptions with decreasing implied volatility: MNKD QCOR MU KMX
09:06 EDTORCLOracle management to meet with Deutsche Bank
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April 9, 2014
19:49 EDTBBRYBlackBerry would consider handset unit sale, Reuters says
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11:51 EDTORCLOracle management to meet with Jefferies
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11:15 EDTTMUS, ST-Mobile unveils $40 monthly price plan called 'Simple Starter'
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11:11 EDTKMXCarMax management to meet with Oppenheimer
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10:33 EDTORCLConstant Contact surges after preliminary Q1 revenue beats consensus
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10:23 EDTKMXOptions with decreasing implied volatility: MNKD QCOR MU KMX
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07:22 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Zurich/Milan on April 9 hosted by Deutsche Bank.
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