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Stock Market & Financial Investment News

News Breaks
May 22, 2014
08:25 EDTSSNLF, BBY, SNEBest Buy says to open 500 Samsung, 350 Sony home theater stores this quarter
Says will open 500 Samsung Entertainment (SSNLF), 350 Sony Experience (SNE) stores within stores this quarter. Says since Q4, annualized cost reductions have increased an additional $95M, bringing the total annualized cost reductions to $860M. Says online sales represented 8.2% of sales in Q1, up from 6.3% a year ago. Sees ongoing softness in mobile phone category in Q2, Q3. Comments made on the Q1 earnings conference call.
News For BBY;SSNLF;SNE From The Last 14 Days
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June 30, 2015
06:58 EDTSSNLFSprint to roll out $80 a month 'All-in' plan, Reuters reports
Sprint (S) will today launch an $80 a month "All-in" cellular phone plan, Reuters reports. Chief Marketing Officer Kevin Crull says the plan will offer unlimited talk, text and data at $60, plus $20 to lease phones like the iPhone 6 (AAPL) and Samsung (SSNLF) Galaxy S6. Reference Link
06:30 EDTSSNLFCheil to boost dividends if Samsung C&T merger is approved, WSJ says
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06:03 EDTSNESony to raise nearly $4B via new shares, bonds
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05:58 EDTSNESony Mobile and Huawei look to expand mobile device sales, DigiTimes reports
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June 29, 2015
19:49 EDTSSNLFSamsung looking to supply NAND to Apple for iPhone, AppleInsider says
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11:03 EDTSSNLFAnalyst says sell Qualcomm ahead of predicted price cuts
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07:45 EDTSSNLFWidePoint enters into strategic alliance with Samsung SDS America
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07:38 EDTSSNLFSamsung Bioepis could go public on Nasdaq, Bloomberg reports
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06:31 EDTSSNLFSamsung leaves out ‘Vision 2020’ from 2015 sustainability report, WSJ says
Samsung’s 2015 sustainability report notably left out its “Vision 2020” goals for the first time since the lofty 10-year plan was announced in 2009, the Wall Street Journal reports. The “Vision 2020” plan’s main goals are to push annual revenue to $400B and to become one of the world’s five best brands, the report says. Reference Link
06:05 EDTSSNLF, SNENotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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June 26, 2015
09:18 EDTSNESirius XM discloses settlement agreement with various record companies
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06:24 EDTSSNLFElliott lobbies Korean shareholders to block Samsung C&T, Cheil deal, WSJ says
A team from U.S. hedge fund Elliott told Samsung unit Samsung C&T’s CFO at an April 9 meeting that a merger with Cheil Industries would not be in the best interests of shareholders, including Elliott, the Wall Street Journal reports, citing a person familiar with the matter. Elliott is trying to block the deal, seeking a court injunction and telling investors to block the deal at a shareholder vote next month, the report says. South Korean shareholders in Samsung C&T have begun to voice their concerns over the deal, with “dozens” of them filing court petitions arguing the deal unfairly undervalues Samsung C&T, the report says. Reference Link
05:51 EDTSNEFoxconn expects to be largest handset, tablet ODM/OEM in 2015, DigiTimes says
Foxconn Chairman Terry Guo said the company is set to be the largest OEM/ODM for handsets, tablets and desktops in 2015, reports DigiTimes. Guo added that Foxconn will establish component supply chains to increase its advantage over competitors. Reference Link
June 25, 2015
10:29 EDTSSNLFBarnes & Noble says relationship with Samsung 'excellent'
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07:29 EDTSSNLFCheil, Samsung C&T deal could increase shareholder returns, Reuters reports
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05:53 EDTSSNLFSamsung expects SUHD TV sales to reach 15K in 1H15, DigiTimes reports
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June 24, 2015
15:53 EDTBBYSunTrust identifies the most likely M&A activity in specialty retail
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11:11 EDTBBYAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Street’s appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
10:36 EDTSNEElectronic Arts advances after analysts positive on E3 showing
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07:27 EDTBBYBest Buy recommended ahead of 2H margin gains at B. Riley
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