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Stock Market & Financial Investment News

News For C;AAPL;T;AKAM From The Last 14 Days
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October 16, 2014
07:48 EDTAAPLSony must decide quickly what to do with smartphone strategy, Nikkei says
Sony's (SNE) "One Sony" strategy is built around providing contents to consumers and smartphones are one of three pillars it sees for growth, but the strategy is "on the brink of collapse" as the company falls behind Apple (AAPL) and Chinese rivals, according to the Nikkei Asian Review. Sony officials are debating whether smartphone operations in Asia should be downsized and whether cutting 1,000 jobs, or 15% of its mobile communications workforce, would be warranted, according to the report. Reference Link
07:29 EDTCCitigroup upgraded to Hold from Sell at Argus
Argus upgraded Citigroup to Hold based on valuation and management's progress in improving the loan portfolio and reducing expenses.
07:21 EDTCCFA Institute to hold a conference
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05:29 EDTAKAMAkamai downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Akamai to Market Perform citing a slowdown in the company's video and audio streaming traffic during the first two weeks of October. The firm believes 2015 revenue estimates are too high and lowered its price target range for shares to $57-$61 from $70-$75.
October 15, 2014
19:24 EDTCMexico regulators fine Citigroup Banamex unit 30M pesos, Bloomberg reports
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16:00 EDTC, AAPLOptions Update; October 15, 2014
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14:17 EDTCCitigroup reports September credit loss 2.53% vs. 2.57% last month
Reports September delinquencies 1.5% vs. 1.44% last month.
13:43 EDTAAPLFirm says more apps downloaded from Google than Apple, 9to5Google says
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13:23 EDTAAPLScreenshots confirm Apple iPad Air 2, iPad mini 3, 9to5Mac reports
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13:09 EDTAAPLEarnings Preview: eBay to report Q3 earnings after PayPal spin-off announcement
eBay (EBAY) is expected to report third quarter earnings after the market close on Wednesday, October 15 with a conference call scheduled for 5:00 pm ET. eBay is a technology company that enables commerce through Marketplaces, Payments, and GSI. EXPECTATIONS: Analysts are looking for earnings per share of 67c on revenue of $4.37B. The consensus range is 65c-72c for EPS, and $4.33B-$4.43B for revenue, according to First Call. LAST QUARTER: eBay reported second quarter EPS of 69c against estimates of 68c on revenue of $4.37B against estimates of $4.38B. The company gave Q3 EPS guidance of 65c-67c and Q3 revenue guidance of $4.3B-$4.4B as well as FY14 EPS guidance of $2.95-$3.00. It narrowed FY14 revenue guidance to $18B-$18.3B from $18B-$18.5B. eBay said Google search algorithm change slowed traffic in June. The company confirmed the Q3 guidance during a conference call in September. NEWS AND STREET RESEARCH: eBay announced in late September that it will separate eBay and PayPal into two independent publicly traded companies, set to be completed in the second half of 2015. eBay Marketplaces President Devin Wenig will be the CEO of the new eBay company and Dan Schulman will become CEO of the new PayPal company. The cost of the transaction has yet to be determined, and the split is not designed to position either business for sale. During its conference call to discuss the split, the company said PayPal is on track to process 1B mobile payments this year and added that Apple (AAPL) could help speed NFC adoption and would be good for PayPal. eBay adds that it has "never been more bullish" on PayPal's prospects. Following the announcement, there were rumors that Google (GOOG) was looking to acquire eBay. Piper Jaffray said the press reports of the talks between the two companies are "largely unsubstantiated." The company was downgraded at JPMorgan, JMP Securities, Jeffries, and Wedbush after the announcement of a split due to increased uncertainty. Investors say the benefit of the spin-off plans are not as clear, unsure if a standalone PayPal is in a better position to compete in the quickly changing digital payments space. Wedbush analysts say a spin-off will not boost the payment processor's business and may have negative consequences for both companies. Investors were also split on how Apple's mobile payments platform will affect eBay and PayPal. RW Baird said Apple iWallet will pose a threat to PayPal, particularly to its opportunities at point-of-sale and Piper Jaffray said the new payments system will further weigh on eBay's multiple over the next six months. JPMorgan, however, said iWallet will be a net positive for payment networks and Citigroup believes the risks from Apple are likely overstated. PRICE ACTION: eBay shares have dropped more 2.21% since the first day of trading following the company's Q2 report. In Wednesday midday trading ahead of its earnings report, eBay shares are trading down 2%.
12:30 EDTAAPLApple to stop selling Fitbit devices in stores, Re/code reports
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10:45 EDTAAPLApple to host event to introduce new iPads
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10:11 EDTTFrontier granted PURA approval for AT&T wireless ops. in Connecticut
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09:38 EDTC, AAPLActive equity options trading on open
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08:31 EDTAAPLApple added to Best Ideas List at Morgan Stanley
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07:27 EDTCJPMorgan, HSBC fire traders linked to forex probe, WSJ reports
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07:26 EDTCCapital Link to hold a webinar
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06:39 EDTAKAMAkamai warns of UPnP devices used in DDoS attacks
Akamai Technologies released, through the company's Prolexic Security Engineering & Response Team, or PLXsert, a new cybersecurity threat advisory. The advisory alerts the security community, device vendors, Internet service providers and enterprises to the risk of massive distributed denial of service, or DDoS, attacks involving Universal Plug and Play, or UPnP, devices. PLXsert has observed the use of a new reflection and amplification DDoS attack that deliberately misuses communications protocols that come enabled on millions of home and office devices, including routers, media servers, web cams, smart TVs and printers. The protocols allow devices to discover each other on a network, establish communication and coordinate activities. DDoS attackers have been abusing these protocols on Internet-exposed devices to launch attacks that generate floods of traffic and cause website and network outages at enterprise targets.
06:37 EDTAAPLGT Advanced executive sold shares before bankruptcy, WSJ says
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06:34 EDTAAPLIHS: Apple, Samsung set to drive fingerprint sensor market, DigiTimes says
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