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Stock Market & Financial Investment News

News Breaks
February 28, 2013
10:37 EDTPSO, MSFT, BKSBarnes & 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.
News For BKS;MSFT;PSO From The Last 14 Days
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April 13, 2015
10:00 EDTBKSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Barnes & Noble (BKS) initiated with a Buy at Craig-Hallum... Calgon Carbon (CCC) initiated with a Buy at Roth Capital... CenterPoint Energy (CNP) initiated with a Neutral at Goldman... Compass Diversified (CODI) initiated with an Outperform at William Blair... DTE Energy (DTE) initiated with a Neutral at Goldman... Goldman Sachs BDC (GSBD) initiated with an Outperform at Wells Fargo... Green Bancorp (GNBC) initiated with a Buy at SunTrust... Hilltop Holdings (HTH) initiated with a Buy at SunTrust... ITC Holdings (ITC) initiated with a Sell at Goldman... Independent Bank (IBTX) initiated with a Neutral at SunTrust... LegacyTexas Financial (LTXB) initiated with a Buy at SunTrust... MarkWest Energy (MWE) initiated with a Buy at Ladenburg... Medgenics (MDGN) initiated with an Outperform at JMP Securities... National Commerce (NCOM) initiated with an Outperform at Keefe Bruyette... OGE Energy (OGE) initiated with a Neutral at Goldman... Owens Corning (OC) initiated with a Hold at Evercore ISI... Southside Bancshares (SBSI) initiated with a Neutral at SunTrust... Zogenix (ZGNX) initiated with a Buy at Empire.
10:00 EDTPSOOn The Fly: Analyst Downgrade Summary
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08:13 EDTBKSBarnes & Noble initiated with a Buy at Craig-Hallum
Target $36.
05:30 EDTPSOPearson downgraded to Underperform from Buy at Jefferies
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April 12, 2015
19:01 EDTMSFTNokia maps unit HERE may be of interest to several tech firms, Re/code says
If Nokia is putting its mapping unit HERE up for sale it may draw interest from firms like Microsoft (MSFT), Yahoo (YHOO), Amazon (AMZN) and Apple (AAPL), says Re/code. Reference Link
April 10, 2015
11:30 EDTMSFTStocks with call strike movement; MSFT MYL
Microsoft (MSFT) October 48 call option implied volatility increased 9% to 38, Mylan (MYL) July 85 call option implied volatility decreased 11% to 31 according to IVolatility.
April 9, 2015
18:11 EDTMSFTWorldwide PC shipments decline 6.7% in Q1, IDC says
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09:55 EDTMSFTYahoo testing search pages without Bing branding, Business Insider reports
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07:15 EDTMSFTMicrosoft May volatility elevated into Q3 and outlook
Microsoft April call option implied volatility is at 19, May is at 24; compared to its 26-week average of 20 according to Track Data, suggesting large late April price movement into the expected release of Q3 results on April 29.
April 8, 2015
20:17 EDTMSFTAppeals court questions Google in patent dispute with Microsoft, Reuters says
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06:00 EDTMSFTMicrosoft expects Surface shipments to exceed 4M units in 2015, DigiTimes says
Microsoft is expected to have a chance to ship over 4M Surface tablets in 2015 due to its new Surface 3 and Surface Pro series products, reports DigiTimes. According to sources from the upstream supply chain, Microsoft is expected to unveil its next-generation Surface Pro 4 tablet and will enter mass production in June. It will be released along with Windows 10 in 2H15. Reference Link
April 7, 2015
15:53 EDTMSFTMicrosoft, Getty Images announce partnership to develop products for Bing
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15:48 EDTMSFTMicrosoft, Getty Images dismiss copyright infringement dispute, Reuters says
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07:52 EDTMSFTHP, Microsoft partnering on solutions for auto, financial services industries
HP (HPQ) announced it is partnering with Microsoft (MSFT) to deliver solutions for the automotive, public sector and financial services industries to help organizations deliver differentiated products and create new revenue through mobile, web and social channels. HP and Microsoft are building a portfolio of business process accelerators and are delivering them as Business Process as-a-Service solutions, HP stated. HP Business Process as-a-Service solutions for Microsoft Dynamics services are available immediately worldwide. Reference Link
06:25 EDTMSFTMicrosoft close to have alternative to Apple Pay, Business Insider reports
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April 6, 2015
10:02 EDTMSFTOn The Fly: Analyst Upgrade Summary
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07:45 EDTMSFTMicrosoft upgraded at Wells Fargo
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07:34 EDTMSFTWells Fargo upgrades Microsoft on improved strategic position
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06:31 EDTMSFTMicrosoft upgraded to Outperform from Market Perform at Wells Fargo
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06:28 EDTMSFTMicrosoft completes latest round of layoffs, Business Insider reports
Microsoft has completed its latest round of layoffs in a move to "remove role overlap, optimize activities and functions, align disciplines with the rest of Microsoft, and, perhaps most importantly, reshape IT for the skills we need to transform," Business Insider reports, citing an email from Chief Information Officer Jim DuBois. A company spokesperson commented that the company believes this will be the "last of the anticipated broad cuts as part of the restructuring plan announced last July." Though it is unclear how many employees were laid off in this round, affected workers are coming from Microsoft's divisions and not focused on former Nokia employees. Reference Link
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