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Stock Market & Financial Investment News

News Breaks
June 25, 2014
11:28 EDTAMZN, BKSBarnes & Noble soars after agreeing to split retail, Nook businesses
Shares of bookseller Barnes & Noble (BKS) surged after the company reported better than anticipated fourth quarter revenue and announced that its board authorized management to separate its Retail and Nook Media divisions. WHAT'S NEW: The book retailer announced that its board authorized company management to take steps to separate the Barnes & Noble Retail and NOOK Media businesses into two separate public companies and it expects to complete the separation by the end of Q1 of next calendar year. In terms of the separation of the divisions, the company said, "We have determined that these businesses will have the best chance of optimizing shareholder value if they are capitalized and operated separately. We fully expect that our Retail and NOOK Media businesses will continue to have long-term, successful business relationships with each other after separation.” Barnes & Noble experienced a loss per share of (72c) in Q4, which was a steeper loss than analyst's expectations for (49c) per share. The company's Q4 revenue of $1.32B beat analyst's consensus forecast of $1.19B. The bookseller reported that its retail same-store-sales in the quarter were down 4.1%. Excluding the effect of February's harsh winter weather, Q4 "Core" SSS decreased 0.5%, which was in-line with previously reported Q3 results, B&N noted. NOOK device and accessories sales were $25M for Q4 and $260M for FY14, declining 30.1% and 44.8%, respectively, due to lower selling volume and lower average selling prices. Barnes & Noble sees FY15 College same-store-sales, Retail comparable bookstore sales and "Core" comparable bookstore sales to be down in the low-single digits. WHAT'S NOTABLE: During the company's earnings conference call, Barnes & Noble said it does not plan to open any retail bookstores in FY15 and it does not intend to further discuss details of the separation of its Retail and Nook Media divisions at this time. Still, the company says that it is "encouraged" by core business trends. Barnes & Noble is expecting FY15 capital expenditures of $140M. The company noted that it has "clearly seen an uptick" in sales of Hachette books due to the Amazon (AMZN) fight. PRICE ACTION: During late-morning trading, shares of Barnes & Noble were up $1.24 or 6%, to $21.80.
News For BKS;AMZN From The Last 14 Days
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January 15, 2015
12:13 EDTAMZNAmazon's Twitch unit to allow users to stream music
In a blog post Amazon.com's Twitch unit said it will allow users to stream music on its online gaming platform. The company said: "Today we’re announcing two important music initiatives: the Twitch Music Library and the beta Music category.The Twitch Music Library, is a library of songs pre-cleared for Twitch broadcasters to use live and with VODs. As you may recall, we implemented an audio recognition system last year out of respect for copyright holders and to protect both our broadcasters and our brand. We knew it was equally important to ensure broadcasters had music options. Thus, the Twitch Music Library was born to offer safe passage through the less-than-clear legal landscape when it comes to audio rights. The Twitch Music Library features more than 500 songs provided by established and burgeoning labels, including Mad Decent, Dim Mak, Spinnin’ Records, OWSLA, Monstercat, Fool’s Gold, and many more. We are also announcing an experiment with music content creators: our beta Music category. The Music category—listed among the game titles you can designate for a broadcast—is for musicians to use for creating, performing, and presenting original music." Reference Link
09:36 EDTAMZNActive equity options trading
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09:02 EDTAMZNAmazon says first pilot season of 2015 available on Instant Video
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08:30 EDTAMZNEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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January 14, 2015
16:00 EDTAMZNOptions Update; January 14, 2015
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12:43 EDTAMZNAmazon.com falls, levels to watch
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10:27 EDTAMZNFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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07:42 EDTAMZNEtsy looking to raise $300M with IPO as soon as this quarter, Bloomberg says
Etsy, which operates a website that allows people to sell handmade crafts, is working with Goldman Sachs (GS) and Morgan Stanley (MS) on an initial public offering that could come as soon as this quarter, said Bloomberg, citing people familiar with the matter. Etsy seeks to raise $300M via the offering, the report said. Publicly traded companies in the e-commerce space include Amazon.com (AMZN), eBay (EBAY), Alibaba (BABA) and zulily (ZU). Reference Link
07:13 EDTAMZNAmazon could buy controlling stake in Blue Dart, Economic Times reports
Amazon is said to be in preliminary talks to buy a controlling stake in Blue Dart, a courier and integrated express package distribution company, The Economic Times reports, citing sources. One source says Amazon could buy a 75% stake in Blue Dart held by DHL Express Singapore, though it was noted that talks are currently at an early stage. Reference Link
January 13, 2015
16:00 EDTAMZNOptions Update; January 13, 2015
iPath S&P 500 VIX Short-Term Futures up 66c to 34.42. Option volume leaders: AAPL JNJ CELG WFM TSLA TWTR AMZN GILD according to Track Data.
14:11 EDTAMZNAmazon.com climbs after Citi upgrades to buy
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10:30 EDTAMZNAmazon.com tests $300, levels to watch
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10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
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09:01 EDTAMZNAmazon Studios signs Woody Allen to create television series
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07:28 EDTAMZNAmazon says created, filled over 6,000 permanent jobs across EU in 2014
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07:26 EDTAMZNAmazon.com survey suggests solid growth trends, says RW Baird
Baird said their recent inventory survey for Amazon.com suggests solid growth trends in selection and marketplace. The firm sees the selection as a key growth driver for Amazon retail. Baird reiterated its Outperform rating and $340 price target on Amazon shares.
06:16 EDTAMZNAmazon.com upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Amazon.com to Buy saying the risk/reward on shares is attractive below $300. Citi believes holiday data points look good for Amazon's Q4 results and that the retailer's gross margins will rise in 2015, reversing 2014's downward trend. The firm raised its price target for Amazon to $354 from $325 and thinks the stock has support around $300. Shares of the retailing giant closed yesterday down $5.52 to $291.41.
06:07 EDTAMZNAmazon sued for $25M by Durst Organization, Forbes reports
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January 12, 2015
16:00 EDTAMZNOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
09:04 EDTAMZNAmazon wins first Golden Globe for 'Transparent,' Business Insider reports
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