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Stock Market & Financial Investment News

News Breaks
April 11, 2014
08:49 EDTBXP, CRMBoston Properties signs 714,000 square foot lease with Salesforce.com
Boston Properties (BXP) has signed a lease with salesforce.com (CRM) for 714,000 square feet on floors 1, 3-30 & 61 at the new Salesforce Tower, the 1,400,000 square foot 61-story, LEED Platinum pre-certified office building currently under construction in San Francisco, CA. With the execution of the lease, Boston Properties and salesforce.com have agreed to rename the building Salesforce Tower. In conjunction with signing what is the largest office lease in San Francisco’s history, Boston Properties has committed to construct the building and expects to complete the building in early 2017 for a projected total cost of approximately $1.1B, which includes capitalized interest in accordance with GAAP.
News For BXP;CRM From The Last 14 Days
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October 28, 2014
18:22 EDTBXPBoston Properties sees FY15 FFO $5.22-$5.42, consensus $5.47
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18:21 EDTBXPBoston Properties sees Q4 FFO $1.23-$1.25, consensus $1.34
18:21 EDTBXPBoston Properties narrows FY14 FFO view to $5.24-$5.26 from $5.24-$5.29
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18:20 EDTBXPBoston Properties reports Q3 FFO $1.46, consensus $1.37
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07:23 EDTCRMSalesforce.com added to Best Ideas List at Morgan Stanley
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October 26, 2014
15:53 EDTCRMSalesforce looks to establish presence in healthcare, Reuters says
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October 21, 2014
10:00 EDTBXPOn The Fly: Analyst Initiation Summary
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07:45 EDTCRMMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
07:32 EDTBXPBoston Properties initiated with a Buy at SunTrust
Target $130.
06:40 EDTCRMForrester: Adobe becomes marketing cloud leader, VentureBeat reports
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October 17, 2014
07:44 EDTCRMSalesforce.com moving in right direction in every way, says Canaccord
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October 16, 2014
07:57 EDTCRMSalesforce president lays out vision for quadrupling revenue, WSJ reports
Salesforce (CRM) president and vice chairman Keith Block outlined his plan to grow the company's annual revenue to $20B at the company’s annual Dreamforce conference, said The Wall Street Journal, which noted that Block specifically said, “We want to be bigger than SAP.” Block's strategy involves expansion in new product areas, adding new packages of software tailored to a handful of high-value industries, and expanding sales efforts outside of North America, the Journal reported. Reference Link

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