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Stock Market & Financial Investment News

News For ORCL;ERIC;BUD;SMRT;VZ;GWAY;DB;TMO;WYNN;PCAR;GME;AJG;PMCS;WMS From The Last 14 Days
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July 17, 2015
08:01 EDTPCARSurvey indicates new win for Meritor, says Longbow
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06:36 EDTDBBaFin accuses Deutsche Bank execs of Libor negligence, WSJ reports
German regulators have accused several Deutsche Bank executives of failing to halt or notify regulators about years of attempted market manipulation, the Wall Street Journal reports, according to a confidential report. BaFin, Germany's financial watchdog, sent the report to Deutsche Bank's board on May 11, less than a month before the bank announced that its co-CEOs Anshu Jain and Jurgen Fitschen intended to resign, the report says. Jain was singled out particularly int he letter for allegedly providing inadequate leadership and failing to stop manipulation of the London interbank offered rate, or Libor, and other benchmarks, the report says. Four other Deutsche bank board members and two other senior executives were also harshly criticized by BaFin in the report for negligence and selective disclosures, the Wall Street Journal says. Reference Link
05:51 EDTGMEJune NPD video game software sales rose 21%, says Piper Jaffray
Piper Jaffray notes June NPD video game software sales were up 21% year-over-year, driven by Batman: Arkham Knight from Warner Bros. Piper remains positive on the group and keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
05:36 EDTERICEricsson says global cost and efficiency program progressing according to plan
Ericsson announced that the target to achieve savings of approximately SK 9B during 2017 relative to 2014, remains. During the quarter, numerous activities were implemented globally including a reduction of 2,100 positions in Sweden, resulting in higher than normal restructuring charges. Savings related to the activities will start to impact results towards the end of this year.
05:34 EDTERICEricsson reports Q2 non-IFRS EPS SK 1.45 vs. SK 1.07 last year
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July 16, 2015
19:27 EDTVZFCC reforms bidding rules for spectrum auctions, prohibits joint bidding
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18:48 EDTORCLOracle drops largest copyright damages theory against Rimini Street
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13:22 EDTGMEBest Buy purchase of GameStop unlikely, says Oppenheimer
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11:52 EDTGMEGameStop call activity attributed to takeover speculation
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11:47 EDTGMERumor: GameStop strength attributed to takeover speculation
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11:39 EDTORCLOracle management to meet with Evercore ISI
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10:04 EDTVZU.S. Cellular offers 'guarantee' to beat Verizon and AT&T plans
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10:04 EDTPMCSHigh option volume stocks
High option volume stocks: TWX PMCS SHW ASML GRMN GSAT ROVI ALLY LC HZNP
06:25 EDTORCLOracle announces 'disciplined reduction' in overall compensatoin
Oracle announced bonuses to Ellison, Catz and Hurd will be paid out at $0 in FY15, compared to 16% targe tin FY14. Oracle said that no performance-based cash bonuses will be awarded in years where no growth in non-GAAP pre-tax profits is achieved. PSU payouts are based on Oracle revenue growth and operating cash flow growth relative to select peer company performances. In connection with the management transition in 2015, the compensation committee canceled 1.5M equity equivalent shares of Ellison's FY15 equity award. The company announced option awards will be reduced to 5 year terms from 10 year terms in 2016, significantly reducing its value and maintaining long-term vest. Comments taken from slides for July Investor Presentation.
05:46 EDTDBFCA in early stages of investigation into Deutsche Bank, Financial Times reports
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05:34 EDTERICEricsson announces collaboration with Softbank on 5G trials in Tokyo
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July 15, 2015
10:01 EDTPMCSOn The Fly: Analyst Initiation Summary
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08:35 EDTDBCNBC to hold a conference
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08:32 EDTWMSAdvanced Drainage announces delay in filing FY15 10-K
Advanced Drainage Systems has delayed the filing of its Annual Report on Form 10-K for the fiscal year ended March 31, 2015 beyond the July 14, 2015 extended filing date. As previously disclosed by the company in its Form 12b-25 filed with the SEC on June 30, 2015, the company is reviewing methodologies utilized in its year-end inventory costing analysis and the related impact on the company’s fiscal year 2015 financial statements. This review is ongoing, and is primarily due to the need to assess the impact of highly volatile raw material costs during the company’s fiscal 2015 fourth quarter. Although the company’s independent public accounting firm is performing audit testing procedures for such items, the company anticipates that the effect of this review will be a reduction of year-end inventory values for fiscal year 2015 as compared to previously reported amounts, and a related increase in cost of sales. The company anticipates these adjustments will have a positive impact on cost of sales in fiscal year 2016. The company intends to make any necessary adjustments to its previously issued earnings release for the fourth-quarter and full fiscal year 2015 in light of the above concurrent with the filing of its Form 10-K. As part of the review process, the company is now also conducting a review of its accounting treatment for its transportation and equipment leasing program. The company’s transportation and equipment leases have historically been recorded as operating leases and the company is now in the process of re-evaluating whether it is necessary to record such leases as capital leases. The company is working diligently to conclude its review and analysis of the items described above as well as the company’s journal entry control processes as previously disclosed, and will announce its anticipated timing via press release once known.
06:50 EDTPMCSPMC-Sierra initiated with a Buy at Mizuho
Target $14.
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