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Stock Market & Financial Investment News

News For BUD;AJG;DB;ERIC;GME;GWAY;ORCL;PCAR;VZ;WMS;WYNN;SMRT;PMCS;TMO From The Last 14 Days
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June 30, 2015
09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
09:27 EDTAJGArthur J. Gallagher updates at-the-market equity program activity
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08:22 EDTVZMicrosoft deal with AOL for Bing doesn't move needle, says Citi
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05:59 EDTORCLGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
05:38 EDTERICEricsson announces LTE expansion contract with Chunghwa Telecom
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June 29, 2015
10:54 EDTORCLGoogle denied appeal by U.S. Supreme Court in Oracle copyright case
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June 28, 2015
17:05 EDTDBBank regulator probes 'Isdafix' benchmark manipulation, FT says
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14:50 EDTVZSome AOL investors to seek higher price from Verizon in court, WSJ says
Certain AOL investors including Brigade Capital and Verition have opted not to sell their holdings to Verizon for $50 per share and will instead seek a higher price through an appraisal process, the Wall Street Journal reported Friday, citing people familiar with the matter. The report notes that the dissenting firms hold roughly 5% of AOL. Reference Link
June 26, 2015
14:46 EDTDBBaFin concludes Deutsche Bank acted 'negligently' over Libor rigging, FT reports
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09:32 EDTWYNNNevada reports May Statewide gaming win up 3.33% to $1.0B
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07:55 EDTDBHSBC hires Lilia Karboub to trade derivatives indexes in London, Bloomberg says
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06:17 EDTORCLConcerns over AWS pricing overblown, says Piper Jaffray
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June 25, 2015
18:07 EDTVZHuff Post network 'almost definitely' launching on Verizon service, Variety says
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16:42 EDTVZFCC Chairman outlines changes to future spectrum auctions
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14:13 EDTVZVerizon's HuffPo to launch 24-hour online video network, Hollywood Reporter says
The Huffington Post plans to launch a 24-hour online video network featuring live programming, original series and other video, HuffPo founder Arianna Huffington told staff, according to The Hollywood Reporter. The website, whose parent AOL was recently acquired by Verizon, will also establish film and television divisions, the report noted. Reference Link
09:28 EDTTMOThermo Fisher agrees to acquire Alfa Aesar for GBP256M
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08:35 EDTVZVerizon and Scripps Networks sign licensing agreement
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05:13 EDTVZVerizon repair crews working to keep customers connected in Mid-Atlantic
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June 24, 2015
15:53 EDTGMESunTrust identifies the most likely M&A activity in specialty retail
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11:11 EDTGMEAnalyst 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 Streetís 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.
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