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Stock Market & Financial Investment News

News Breaks
December 7, 2012
13:41 EDTAKAM, C, T, AAPLMarket poised to end week little changed as fiscal cliff fears continue
Stocks are set to end the week little changed as continued fears over the fiscal cliff kept the market range bound. MACRO NEWS: House Speaker John Boehner said earlier today that little progress had been made on fiscal cliff negotiations, even though some Republicans earlier in the week signaled that they could be open to tax rate increases demanded by President Obama... More jobs than expected were added to the economy in November, and the unemployment rate dipped to 7.7% from 7.9%, but investors seemed unimpressed by the data. One reason for the skepticism was that declines in the labor participation rate were the main cause of the drop in unemployment. COMPANY NEWS: Citigroup (C) said it would lay off 11,000 people, and, as a result, take a $1B pre-tax charge this quarter. The bank expects to save $900M in 2013 and $1.1B each year beginning in 2014 due to the layoffs... Apple's (AAPL) stock is set to finish much lower again this week. A number of hypotheses were made in an attempt to explain the weakness. Weak smartphone sales by AT&T (T) in October and November and technical milestones reached by the shares were two of the more popular explanations... On a positive note, Internet content delivery company Akamai (AKAM) jumped after announcing an alliance with AT&T.
News For C;AAPL;T;AKAM From The Last 14 Days
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February 17, 2015
09:19 EDTTDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
08:04 EDTCWuXi PharmaTech enters into loan agreement with consortium led by Citi
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07:32 EDTAAPLApple asking suppliers to make 5M-6M Apple Watches in Q1, WSJ says
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07:28 EDTAAPLApple design chief working on store redesign ahead of Watch, New Yorker says
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07:22 EDTAAPLMitsubishi UFJ to hold a tour
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07:15 EDTAAPLApple foray into autos would be logical, says Barclays
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07:08 EDTAAPLAuto market could be meaningful for Apple, says Cantor
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06:39 EDTCBanks settle claims related to mortgage securities, Reuters says
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February 16, 2015
19:13 EDTTLiberty Global may become takeover target, NY Times says
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February 15, 2015
16:44 EDTAAPLApple Watch could increase revenue by 10% next year, Barron's says
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07:47 EDTAAPLHope of car positive for Apple shares, says Piper Jaffray
Piper Jaffray analyst Gene Munster said in a note to investors yesterday that the potential for a car gives investors something to look at as "the next big thing" for Apple. Munster believes the Wall Street Journal's report that Apple is building an electric car will help support the stock over the next six months. He believes it is unlikely that the company launches anything in the next five years, however. Munster reiterated an Overweight rating on Apple with a $160 price target. The stock closed Friday up 62c to $127.08.
07:46 EDTAAPLApple working on minivan-like electric vehicle, WSJ reports
Apple has "several hundred" employees working secretly toward creating an Apple-branded electric vehicle, Wall Street Journal reported yesterday, citing people familiar with the matter. The project is known internally as "Titan" and has a design that resembles a minivan, the Journal added. The Financial Times reported yesterday that the iPhone maker is recruiting experts in automotive technology and vehicle design. Reference Link
February 13, 2015
17:52 EDTCThird Point gives quarterly update on stakes
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17:05 EDTCAppaloosa gives quarterly update on stakes
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13:56 EDTAAPLApple working on car technology in secretive lab, FT says
Apple, which often investigates wide ranging product areas, has been recruiting automotive technology and vehicle design experts who are at work in a confidential Silicon Valley location near the company’s Cupertino campus, Financial Times reported, citing people familiar with the matter. Reference Link
08:43 EDTAAPLApple price target raised to $135 from $130 at BMO Capital
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07:32 EDTTAT&T and SunEdison to deliver 677 kilowatt solar system in Texas
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06:32 EDTCSumitomo Mitsui may look to buy Citi's credit card unit in Japan, Nikkei says
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06:14 EDTAAPLTSMC transfers more peripheral IC orders to Vanguard, DigiTimes reports
TSMC (TSM) has transferred more orders for peripheral ICs for use in Apple's (AAPL) mobile devices to Vanguard International, reports DigiTimes. According to industry sources, Vanguard has already entered Apple's supply chain by providing TSMC 8-inch production capacity for power management IC orders placed by Dialog Semiconductor. Reference Link
05:53 EDTAAPLApple price target raised to $150 from $130 at UBS
UBS analyst Steven Milunovich raised his price target for Apple shares to $150 from $130 citing the tech giant's "expanding ecosystem." Milunovich believes services based on Apple's operating system, such as Apple Pay, Car Play, HomeKit, and HealthKit, will play key role in extending Apple's reach. He believes Apple is evolving into a "platform company" from a "device company" and that this transition may bring the iPhone maker's market capitalization to $1T. Milunovich has a Buy rating on Apple. The stock closed yesterday up $1.58 to $126.46, representing a market cap of $739B.
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