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Stock Market & Financial Investment News

News Breaks
January 23, 2013
08:32 EDTMSFT, PSO, BKSNOOK Media announces completion of strategic investment by Pearson
Pearson (PSO) made its approximately $89.5M in cash investment in NOOK Media, LLC at a post-money valuation of approximately $1.789B in exchange for preferred membership interests representing a 5% equity stake. Following the closing of the transaction, Barnes & Noble (BKS) now owns approximately 78.2% of the NOOK Media subsidiary and Microsoft (MSFT), which also holds preferred membership interests, owns approximately 16.8%. Subject to certain conditions, Pearson will earn the option to purchase up to an additional five percent ownership in NOOK Media.
News For BKS;PSO;MSFT From The Last 14 Days
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April 7, 2014
06:18 EDTMSFTMicrosoft starts developing 4th-generation Surface, DigiTimes reports
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April 4, 2014
11:21 EDTMSFTCourt reverses parts of lower court ruling in DataTern suit with Microsoft, SAP
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10:02 EDTPSOOn The Fly: Analyst Upgrade Summary
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07:43 EDTMSFTBaidu market leading search share in China rose in March, Marbridge Daily says
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07:28 EDTMSFTNew America Foundation to hold a forum
The New America Foundation holds a forum, "Implementing the PCAST Spectrum Sharing Report" with President Obama's Deputy CTO for Telecom Policy, Jason Furman, VP Medin of Google and Craig Mundie of Microsoft in Washington, D.C. on April 4 at 2 pm. Webcast Link
05:39 EDTPSOPearson upgraded to Buy from Hold at Jefferies
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April 3, 2014
18:08 EDTMSFTMicrosoft options look like moneymakers, Barron's reports
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16:37 EDTBKSOn The Fly: Closing Wrap
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12:10 EDTBKSOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory, with the Dow notching a new all-time high, but had slid into negative ground at midday. The Nasdaq is the biggest loser, as it is down more than 0.6%, while the Dow and Nasdaq are just slightly below the flat line. ECONOMIC EVENTS: In the U.S., initial jobless claims rose to 326K in the week ended March 29, versus the expected 319K claims. The trade deficit widened to $42.3B in February from a revised $39.3B deficit in January. ISM's non-manufacturing PMI rose 1.5 points to 53.1 in March, though that was a bit below the 53.5 forecast of economists. In Europe, the ECB maintained its current rates despite the ongoing debate over disinflationary forces posing an increasing risk. In Asia, China's State Council announced a stimulus package for new railways and subways, low-income housing and tax breaks for small business, but most of the measures were part of the government's previously communicated annual economic work plan. COMPANY NEWS: Shares of Barnes & Noble (BKS) are declining after Liberty Media (LMCA) announced a deal to reduce its stake in the bookseller. Liberty said it has sold the majority of its shares to institutional buyers and will retain approximately 10% of its initial investment, which has been reported to equate to a roughly 2% stake in Barnes & Noble. B&N Chairman Leonard Riggio said that Liberty’s reduced ownership gives the company greater flexibility to pursue various strategic options, but shares of B&N slid 13% following the announcement... Citigroup (C) shares fell almost 2% after The New York Times said the federal government has started a criminal investigation into alleged fraud involving Citi's Banamex unit in Mexico. Also of note, research firm Sterne Agee downgraded the stock to Neutral, citing the Fed's refusal to approve the bank's capital plan, along with its slowing earnings growth and lack of catalysts, as reasons for the downgrade. MAJOR MOVERS: Among the notable gainers was Amyris (AMRS), which rose 8% after announcing that it is entering into a strain engineering research and development agreement with chemical giant BASF (BASFY). Also higher was chemical, paint, and coating maker RPM (RPM), which gained 4% and hit a fresh 52-week high earlier in the session after the company raised its fiscal 2014 profit outlook. Among the noteworthy losers was Liquidity Services (LQDT), which slid another 12% after the company confirmed it's withdrawal from auction bidding for a U.S. Department of Defense contract and said it will need to reset its adjusted earnings expectations. Also lower were shares of weight-loss drug maker VIVUS (VVUS), which fell nearly 8% following a downgrade to Underweight at Piper Jaffray. INDEXES: Near midday, the Dow was down 16.31, or 0.1%, to 16,556.69, the Nasdaq was down 26.65, or 0.62%, to 4,249.81, and the S&P 500 was down 3.48, or 0.18%, to 1,887.42.
12:00 EDTBKSBarnes & Noble falls 13.2%
Barnes & Noble is down 13.2%, or $2.91, to $19.20
10:21 EDTBKSLiberty Media had 15% return on Barnes & Noble, Faber reports
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10:00 EDTBKSBarnes & Noble falls 10.1%
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09:30 EDTMSFTApple, Pfizer others create 'go slow' patent lobby group, Reuters says
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09:14 EDTBKSOn The Fly: Pre-market Movers
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09:00 EDTBKSBarnes & Noble falls 10.2%
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08:46 EDTBKSBarnes & Noble volatility expected to move on Liberty Media reducing its stake
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08:41 EDTBKSBarnes & Noble: Liberty's reduced ownership gives co. flexibility for options
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08:36 EDTBKSLiberty Media to reduce stake in Barnes & Noble
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08:36 EDTBKSLiberty Media, Barnes & Noble announce change in ownership of preferred shares
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06:13 EDTMSFTMicrosoft to stop charging fee for Windows for some smartphones, WSJ reports
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