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Stock Market & Financial Investment News

News Breaks
February 28, 2013
10:37 EDTBKS, MSFT, PSOBarnes & Noble says talks with Riggio ongoing, cannot comment further
On its Q3 earnings conference call, Barnes & Noble (BKS) confirmed that discussions between Len Riggio and the strategic committee of its Board in regard to his plan to make a proposal to purchase the retail business are ongoing, but said it could not comment further. The company also said that its Nook Media subsidiary has been financing itself since investments from new partners Microsoft (MSFT) and Pearson (PSO) in October, along with positive cash flow from its College business. B&N said Nook Media has approximately $240M in cash with no debt and it expects the unit to self-finance going forward. The company said that recent news reports that it may be accelerating store closings are inaccurate. The company said historically it has closed 12-22 stores each year, averaging 15 stores a year over the last 10 years, and "that will not change." B&N noted that 95% of its stores are profitable and "we have no plans to close any of these." Shares of Barnes & Noble, which began the session in negative territory, crossed into positive ground as the call continued and are up 40c, or 2.63%, to $15.63 in early morning trading.
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September 9, 2014
08:32 EDTBKSBarnes & Noble says making progress on separation of Retail and NOOK Media
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08:32 EDTBKSBarnes & Noble reports Q1 EPS (56c), consensus (63c)
Reports Q1 revenue $1.2B, consensus $1.26B. “Core” comparable bookstore sales, which exclude sales of NOOK products, decreased 0.4% for the quarter. Comparable College store sales decreased 2.0% for the quarter, primarily impacted by the timing of the start of the back-to-school rush season as compared to last year. Comparable College store sales reflect the retail selling price of new or used textbooks when rented, rather than solely the rental fees received and amortized over the rental period. The NOOK segment had revenues of $70 million for the quarter, decreasing 54.3% from a year ago.
07:28 EDTMSFTThe Money Event, Inc to hold a conference
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06:54 EDTMSFTChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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06:37 EDTMSFTMicrosoft begins rolling out 'Delve' to Office 365 business customers
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06:29 EDTBKSBarnes & Noble results likely to highlight retail business strength, WSJ says
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September 8, 2014
15:27 EDTBKSNotable companies reporting before tomorrow's open
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13:53 EDTBKSBarnes & Noble September volatility increases into Q1 and guidance
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09:40 EDTMSFTActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
07:34 EDTMSFTU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
06:37 EDTMSFTBaidu hires Microsoft's Zhang Yaqin, WSJ reports
Baidu (BIDU) has hired Zhang Yaqin, a top Microsoft (MSFT) executive in China, to become its president for new business,t he Wall Street Journal reports. Zhang was Microsoft's VP and chairman of its Asian-Pacific research and development group. Reference Link
06:21 EDTMSFTSmartwatch market to reach $10B by 2018, says Citigroup
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06:08 EDTMSFTMicrosoft gives MSN.com a facelift, Re/code reports
Microsoft has given MSN.com a major facelift a year after MSN was merged with Bing Apps, Re/code reports. The updated MSN will still feature news, sports and cars, but will also include interactive content involving food and fitness. MSN is expected to be fully rolled out by the end of the month, and optimized MSN apps for iOS and Android could be released by the end of hte year. Reference Link
September 5, 2014
08:18 EDTBKSBarnes & Noble September volatility elevated into Q1 and guidance
Barnes & Noble September call option implied volatility is at 63, October is at 49, January is at 45; compared to its 26-week average of 46 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on September 9.
06:33 EDTMSFTMicrosoft, competitors aim to halt Google EU agreement, Reuters says
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September 4, 2014
13:56 EDTMSFTGetty Images files lawsuit against Microsoft over photo tool, Reuters reports
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06:30 EDTMSFTIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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September 2, 2014
12:42 EDTMSFTMicrosoft to launch Xbox One in 28 more countries this month
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06:34 EDTMSFTMicrosoft reduces Surface chassis suppliers, DigiTimes reports
Microsoft has reduced the number of chassis suppliers for its Surface tablets and outsourcing all the orders to Ju Teng, reports DigiTimes. According to sources from the upstream supply chain, Microsoft stopped placing chassis orders with its China-based supplier in August and may adopt a similar strategy for other components. Reference Link
September 1, 2014
12:25 EDTMSFTMicrosoft given deadline to answer antitrust questions in China, WSJ says
China officials have given Microsoft 20 days to answer questions on compatibility and bundling issues with its Windows and Office software, says the Wall Street Journal. Microsoft is currently facing an antitrust probe into its business practices in China, added the Wall Street Journal. Reference Link
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