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Stock Market & Financial Investment News

News For C;AAPL;T;AKAM From The Last 14 Days
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March 4, 2015
17:41 EDTAAPLAlphaOne's Dan Niles likes Apple as long idea
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17:35 EDTAAPLApple delays larger iPad on panel challenges, Bloomberg says
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17:26 EDTAAPLApple said to delay making larger iPad due to panel challenges, Bloomberg says
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16:02 EDTC, AAPLOptions Update; March 4, 2015
iPath S&P 500 VIX Short-Term Futures down 6c to 27.22. Option volume leaders: AAPL TSLA TWTR AA PBR NFLX MNKD FB BMY C according to Track Data.
15:17 EDTAAPLHBO in talks to have Apple TV on board for HBO Now launch, IBT says
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15:14 EDTAAPLTime Warner in talks for Apple to be HBO Now launch partner, CNBC says
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13:48 EDTAAPLJudge issues prelim approval for $415M anti-poaching settlement, Reuters says
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11:34 EDTCCiti OneMain sale, Costco win both positive for shares, says Morgan Stanley
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10:06 EDTAAPLApple Watch sales script revealed, 9to5Mac says
The Apple Watch sales script distributed to retail stores states, "Many customers have already decided they want an Apple Watch," reports 9to5Mac. Suggested sales tactics include asking whether the consumer is purchasing the watch "for a special occasion," revealing Apple may believe the Watch has appeal as an expensive gift, a perspective previously absent from iPhone sales pitches. The script also coaches employees to ask consumers whether their current iPhone is compatible with the Watch, and if not, attempt to sell a compatible iPhone 5 or 6 model. Reference Link
09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA AMZN CELG MCD SINA TSLA V TWTR PBR
09:22 EDTAAPLU.S. Court of Appeals for the Federal Circuit hears Apple vs Samsung
The Court hears arguments over damages where Apple asks that Samsung remove certain features (slide unlock, auto-correct) from its phones for patent infringement but Samsung argues doing so is too onerous andn how much in damages Samsung owes Apple for failure to remove the specified features in a hearing being held at the U.S. Court of Appeals in Washington, D.C. on March 4 at 10 am.
09:14 EDTAAPLApple plans to reveal Retina MacBook Air March 9, The Michael Report says
Apple plans to reveal its Retina MacBook Air at its March 9 "Spring Forward" event, says The Michael Report, citing Apple sources familiar with the matter. Reference Link
08:21 EDTCCiti sales of OneMain positive, says Bernstein
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08:00 EDTCCiti, MasterCard sign new global 10-year agreement
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07:22 EDTC, AAPLBanks, not Apple, on hook for 'post-Apple Pay fraud,' says Trustev
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07:21 EDTAAPLApple volatility elevated into Spring Forward event
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06:50 EDTAAPLPiper sees two catalysts for Google shares in 2015
Piper Jaffray analyst Gene Munster says near-term investor concerns with regards to Google (GOOG) shares are overblown. Munster thinks investors are concerned that Google will lose its search deal with Apple’s (AAPL) Safari and that the search giant’s investments have pressured margins. He believes, however, that if Google were to lose Safari, the company will likely gain back that lost share within a year. Further, Munster believes Google's investments in robotics, self-driving cars, fiber, wireless and augmented reality will yield longer term revenue growth. The analyst views the resolution of the Safari deal and the possibility for cost-per-clicks turning positive for the first time since September 2011 as catalysts for the stock in 2015. Munster reiterates an Overweight rating on Google with a $630 price target. The stock closed Tuesday up $3.77 to $578.79.
06:46 EDTAAPLApple in talks to settle A123's lawsuit, Reuters reports
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06:31 EDTAAPLGartner: Apple sold more smartphones than Samsung in Q4
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06:16 EDTAAPLApple, Google develop fix for 'Freak' cybersecurity flaw, Reuters says
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06:10 EDTAAPLApple Pay seeing high fraud rates, WSJ says
Banks are experiencing a relatively high amount of fraud on the Apple Pay service, reports the Wall Street Journal's Digits blog, citing people familiar with the matter. Criminals are reportedly exploiting vulnerabilities in the credit card verification process, though banks say they are tightening loopholes. Mobile payment expert Cherian Abraham stated it is not uncommon to see Apple Pay fraud rates as high as 6%, versus a roughly 0.1% fraud rate with plastic cards. Reference Link
05:22 EDTTAT&T to add over 120 jobs in Ohio
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March 3, 2015
16:23 EDTCOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as the major averages receded from record levels. The Dow and S&P 500 closed yesterday at all-time highs, though the market was unable to build upon those records. Auto sales for February included disappointments for several companies, but that was quickly blamed on the poor weather during the month. With the economic calendar light, investors began looking forward to end of the week, when the highly anticipated monthly nonfarm payrolls are released. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Automakers reported on their sales in the U.S. during February, with several falling short of expectations. Ford (F) reported sales fell about 2% last month compared to the prior year, and its stock fell 40c, or 2.41%, to $16.17 afterward. Shares of Fiat Chrysler (FCAU), which reported a 6% increase in U.S. sales last month, declined 52c, or 3.28%, to $15.31. General Motors (GM) reported its February U.S. sales rose a bit over 4%, but that was below the nearly 6% increase that had been forecast by analysts, and shares gained 19c, or 0.51%, to $37.80... Target (TGT) shares gained 32c, or 0.41%, to $78.00 as the company held its investor day meeting. During the meeting, the retailer guided for its fiscal 2015 EPS to be $4.45-$4.65, versus consensus $4.50, and projected that its sales will grow 2%-3% during the fiscal year. Target also said it is targeting $2B in share repurchases this year and said it expects 5%-10% annual dividend growth. MAJOR MOVERS: Among the notable gainers was Orexigen (OREX), which surged $1.85, or 31.95%, to $7.64 after the company disclosed that its weight loss drug, Contrave, demonstrated a statistically significant benefit over placebo for cardiovascular events when announcing a method of treatment patent was issued by the USPTO. Also higher was Springleaf Holdings (LEAF), which gained $12.19, or 32.05%, to $50.23 after agreeing to acquire OneMain Financial from Citigroup (C) for $4.25B. Among the noteworthy losers was Primoris Services (PRIM), which fell $3.87, or 18.35%, to $17.22 after reporting fourth quarter results that fell short of consensus expectations and were below last year’s fourth quarter. Also lower were shares of Micron (MU), which fell $1.58, or 5.06%, to $29.66 after Nomura downgraded the stock to Neutral from Buy. INDEXES: The Dow fell 85.26, or 0.47%, to 18,203.37, the Nasdaq lost 28.20, or 0.56%, to 4,979.90, and the S&P 500 declined 9.61, or 0.45%, to 2,107.78.
16:01 EDTC, AAPLOptions Update; March 3, 2015
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12:05 EDTAKAMAkamai discloses probe relating to sales practices outside U.S.
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11:55 EDTAAPLUBS, BofA get more positive on Google outlook
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10:12 EDTCCitigroup volatility elevated into stress test results
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10:00 EDTCOn The Fly: Analyst Upgrade Summary
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09:35 EDTC, AAPLActive equity options trading on open
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08:30 EDTAAPLVisa should benefit from proliferation of token services, says Pacific Crest
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08:13 EDTAAPLApple price target raised to $155 from $115 at Oppenheimer
Oppenheimer increased its price target on Apple as the firm expects the company's Apple Watch to be superior to the competition in several ways, and believes that it is "an efficient extension of the smartphone" and "a facilitator of intimate personal communications." The firm predicts that the device will significantly boost Apple's revenue and margins. Oppenheimer keeps an Outperform rating on Apple.
07:31 EDTCFortress Co-Chairman Wes Edens comments on Springleaf acquisition of OneMain
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07:15 EDTCSpringleaf to host conference call
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06:41 EDTAAPLPiper says Apple Watch price could approach $600
Piper Jaffray analyst Gene Munster believes the average selling price for the upcoming Apple Watch could be closer to $575-$600, above his current estimate of $500, when adding in additional bands. Munster sees the potential for higher segment gross margins than previously thought. He points out his 2015 Watch estimate remains at 8M units, well below the Street's 14M. Munster keeps an Overweight rating on Apple with a $160 price target.
06:34 EDTCCiti confirms sale of OneMain Financial To Springleaf to $4.25B
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06:32 EDTCSpringleaf confirms acquisition of Citi's OneMain for $4.25B
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06:24 EDTAAPLApple-Google proposed $415M settlement headed towards approval, Reuters says
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06:06 EDTCCiti upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Citigroup (C) to Overweight saying the Costco (COST) co-branding credit card deal announced yesterday will add to revenue growth and return on assets. Further, the firm expects the Federal Reserve to approve Citi's capital return in 2015 and for the banking giant to achieve its operating efficiency targets this year. It upped its price target for shares to $58 from $54. Citi closed Monday up $1.07 to $53.49.
05:37 EDTCSpringleaf close to buying Citi's OneMain for $4.25B, WSJ reports
Springleaf (LEAF) could announce as early as today a deal to acquire Citi's (C) OneMain Financial for about $4.25B, Wall Street Journal reports, citing people familiar with the matter. Reference Link
March 2, 2015
16:02 EDTAAPL, COptions Update; March 2, 2015
iPath S&P 500 VIX Short-Term Futures down 91c to 26.70. Option volume leaders: AAPL TSLA TWTR MBI MCD NFLX AMZN GOOG BAC C according to Track Data.
13:07 EDTAAPLPayPal reveals new physical card reader, Venture Beat says
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13:05 EDTTGoogle confirms intent to launch U.S. wireless service, WSJ says
Speaking at an industry conference in Barcelona, Sundar Pichai, who oversees Google’s (GOOG) mobile operating system Android, said the search giant will launch a small scale U.S. wireless service with details to be unveiled in the months ahead, says the Wall Street Journal. Other companies in the space include Verizon (VZ), AT&T (T), Sprint (S) and T-Mobile (TMUS). Reference Link
11:24 EDTCCiti CFO sees Q1 fixed-income, equity markets revenue declining, Reuters says
Citi CFO John Gerspach sees revenue from fixed-income and equity markets declining by mid-to-high single-digits in Q1 y/y due to the Swiss currency reevaluation and a "slow start" in spread products, reports Reuters, citing an investor conference. Reference Link
10:55 EDTAAPLApple Watch expected to be available outside U.S. in April, 9to5Mac reports
The Apple Watch will not be exclusive to the United States when it launches next month, reports 9to5Mac. According to employees in attendance when CEO Tim Cook spoke at the Berlin Apple Store last week, Cook said the watch will launch in Germany during the same month as the U.S. Reference Link
10:02 EDTCSantander names Scott Powell CEO of Santander Holdings USA
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09:34 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MNTA CELG TSLA MCD ARUN GILD KO TWTR NFLX
09:16 EDTAAPLSamsung Pay could 'dwarf' Apple Pay, says Jefferies
Jefferies says Samsung Pay has the potential to "dwarf" Apple (AAPL) Pay since it targets the vast majority of currently installed payment terminals which utilize conventional magstripe technology, versus Apple's payment system which is limited in its acceptance by the availability of NFC-capable terminals. Jefferies believes Samsung's Galaxy S6/S6 Edge integrates Magnetic Secure Transmission technology acquired from LoopPay within its batteries. It views Samsung Pay as the biggest positive surprise of Samsung's new phone.
09:14 EDTAAPLApple, Google employees asking for $415M poaching settlement, Reuters says
Silicon Valley workers alleging that Apple (APPL), Google (GOOG), Intel (INTC), and Adobe (ADBE) colluded to limit poaching will attempt on Monday to win court approval for a $415M claim, reports Reuters. A judge had rejected the previous settlement offer of $324.5M as too low, saying the settlement would need to reach at least $380M. Reference Link
08:29 EDTAAPLMicrosoft reportedly to buy news app for $30M, TechCrunch says
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08:11 EDTCCapital One slips after Costco enters co-brand card pact with Visa, Citi
Shares of Capital One (COF) are slipping in pre-market trading after Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The Fly notes that on February 12 American Express (AXP) announced that its U.S. co-brand and merchant acceptance agreements with Costco are set to end on March 31, 2016. On October 1 of last year, MasterCard Canada (MA) entered into an agreement with Costco Canada to open credit card acceptance to MasterCard cardholders. In addition, Capital One rolled out a new cobranded MasterCard credit card with Costco Canada at that time, which may have led some to speculate that Capital One and MasterCard could have the inside track for a U.S. deal with Costco. In pre-market trading, Capital One shares slid 0.56% to $78.27 and MasterCard shares slipped fractionally lower to $90.
08:06 EDTCCostco enters long-term co-brand credit card agreement with Citi, Visa
Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi. Under the terms of the agreements, Citi, the world's largest issuer of consumer credit cards, would become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express as the credit card network for Costco in the United States and Puerto Rico beginning April 1, 2016. Once issued, Costco's co-brand Visa credit card would provide generous rewards to Costco members, serve as the Costco membership card, and would be accepted at Costco locations in the United States and Puerto Rico, as well as all merchants worldwide that accept Visa credit cards. Costco will provide its members with additional information in the coming months regarding the anticipated transition from its existing co-brand credit card program.
08:06 EDTCCostco enters long-term co-brand credit card agreement with Citi, Visa
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07:50 EDTCCitigroup volatility elevated into stress test results
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06:41 EDTAAPLiPhone 6s will have Force Touch, won't have multi-cameras, AppleInsider says
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06:31 EDTAKAMAkamai acquires Xerocole
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06:22 EDTAAPLApple price target raised to $160 from $133 at Morgan Stanley
Morgan Stanley raised Apple's price target to $160 and increased its bull cast to $190 based on the accelerated pace of category expansion. The firm believes the strong platform creates a "halo effect" as users buy multiple devices and added services and software, which attracts more developers and partners and improves the entire ecosystem. Shares are Overweight rated.
06:16 EDTCCiti CEO, CFO may be pressured to leave if bank fails stress test, FT says
Citi is preparing for the results of the Federal Reserve's capital distribution stress test and if the bank were to fail, CEO Mike Corbat, CFO John Gerspach, and head of risk Brian Leach will be pressured by investors to step down, reports the Financial Times, citing two anonymous Citi executives. Reference Link
06:01 EDTAAPLNorthern Trust debit cards now support Apple Pay
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05:59 EDTAAPLSamsung announces Samsung Pay mobile payment system
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March 1, 2015
18:48 EDTTAT&T to offer new HTC One and HTC Grip smart fitness tracker
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18:28 EDTAAPLBlackBerry expands cross platform strategy
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16:40 EDTTAT&T will carry the Samsung Galaxy S 6 and Galaxy S 6 edge
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13:26 EDTTAT&T confirms it will offer the LG Watch Urbane
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February 27, 2015
16:06 EDTC, AAPLOptions Update; February 27, 2015
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12:50 EDTAAPLApple CEO says consumers will find many reasons to admire watch, Telegraph says
Apple CEO Tim Cook said that people will buy Apple's Apple Watch for one reason, and then discover that they like it for many reasons, according to The Telegraph. The watch will give users rewards if they hit exercise goals and could be used to replace car keys and security fobs used by many vehicles, the newspaper quoted Cook as saying. Reference Link
10:45 EDTCBank of America falls after analyst warns of potential Fed test failure
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09:59 EDTAAPLApple slips below $130, levels to watch
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09:43 EDTTCongressional Internet Caucus to hold a discussion
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MCD GOOG MNST BAC TSLA NFLX SINA AMZN WYNN
09:33 EDTTTechFreedom and Int'l Center for Law & Economics holds a discussion
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08:37 EDTCCiti likely to return 44% of 2015 earnings to shareholders, says Bernstein
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06:48 EDTAAPLApple hiring engineers to work on virtual reality products, 9to5Mac reports
Apple is hiring hardware engineers to work on virtual reality products, according to 9to5Mac, which cites job listings that have appeared this week. According to the ads, Apple is seeking to hire a Senior Display Systems Engineer for "display systems design and development related to VR environments" and a Senior Display Software Engineer to support graphics software engineering efforts for VR environments. Reference Link
06:46 EDTTGameStop bids on 163 RadioShack stores, Reuters says
GameStop (GME) bid for 163 RadioShack (RSHCQ) store leases at $15,000 per lease in a Wednesday auction, reports Reuters, citing bankruptcy court filings and spokesperson statements. GameStop has roughly two months to decide whether it will take on the leases or terminate them, and a spokesperson said the locations -- if awarded -- would "primarily be used to expand... Spring Mobile, which is an exclusive AT&T (T) dealer." Reference Link
06:39 EDTAAPLTexas company sues Apple over additional alleged patent violations, Reuters says
The Texas company that on Tuesday won a $533M patent infringement verdict against Apple (AAPL) is launching another patent lawsuit against the iPhone maker, according to Reuters. Filed Wednesday night, the new lawsuit addresses technology used by Apple devices that were launched after the previous case began, the news service stated. Reference Link
06:32 EDTAAPLCiti sees April 16 launch date for Apple Watch
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05:26 EDTAAPLEricsson files lawsuits against Apple
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February 26, 2015
16:52 EDTTOn The Fly: Closing Wrap
Stocks on Wall Street moved in a narrow range for most of the session while remaining near record levels. The Nasdaq was the strongest of the indices, as it continues its march towards 5,000. Crude oil prices fell by over 5% during the regular trading session, but recovered a bit in after-hours trading. The market is on pace to complete its fourth consecutive week of gains and close out the month of February with gains after suffering losses in January. ECONOMIC EVENTS: In the U.S., the Consumer Price Index fell 0.7% in January, with the core rate rising 0.2%, versus expectations for the headline CPI to be down 0.6% and the core rate to rise 0.1%. Initial jobless claims rose 31K to 313K in the week ended February 21, versus expectations for 290K first-time claims. Durable goods orders rose 2.8% in January, versus expectations for a 1.6% increase. The FHFA home price index rose 0.8% to 218.6 in December, versus expectations for an increase of 0.5%. COMPANY NEWS: The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including Verizon (VZ), AT&T (T), and Comcast (CMCSA), have opposed the rules, while Netflix (NFLX) has been a strong and vocal supporter of open Internet provisions... Shares of International Business Machines (IBM) slipped $1.94, or 1.19%, to $160.87 after Big Blue held its investor day meeting in NYC. At the meeting, IBM backed its fiscal year profit view but also said that the company now expects currency to impact revenue growth by over 6 points for the full year, which is greater than the impact previously provided based on January 16 spot rates. IBM also said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security... Barnes & Noble (BKS) rose $1.67, or 6.89%, to $25.92 after announcing plans to split its Education business from its Retail and NOOK Digital businesses. The separation into two independent, publicly traded companies is anticipated to be completed by the end of August and is intended to be a tax-free distribution to shareholders, B&N noted. MAJOR MOVERS: Among the notable gainers was Emulex (ELX), which jumped $1.57, or 24.69%, to $7.93 after the company agreed to be acquired by Avago Technologies (AVGO) for $606M, or $8 per share in cash. Avago also rose $16.57, or 14.71%, to $129.25 after announcing the deal and reporting "beat and raise" quarterly results. Also higher was UIL Holdings (UIL), which gained $9.74, or 23.01%, to $52.07 after the company agreed to be acquired by Iberdrola USA to create a newly listed U.S. publicly-traded company. The proposed transaction implies total value per share to UIL shareholders of $52.75, including $10.50 per share paid in the form of cash, the companies said. Among the noteworthy losers was Clayton Williams (CWEI), which fell $11.41, or 17.77%, to $52.79 after the company suspended drilling operations in both of its core resource plays, citing low oil prices, and its shares were downgraded at Wunderlich. Also lower following their earnings reports were network solutions provider Inteliquent (IQNT), which dropped $3.05, or 17.33%, to $14.55, and electric weapons maker TASER (TASR), which slid $4.36, or 16.14%, to $22.68. INDEXES: The Dow fell 10.15, or -0.06%, to 18,214.42, the Nasdaq gained 20.75, or 0.42%, to 4,987.89, and the S&P 500 declined 3.12, or 0.15%, to 2,110.74.
16:00 EDTAAPL, COptions Update; February 26, 2015
iPath S&P 500 VIX Short-Term Futures down 33c to 27.78. Option volume leaders: AAPL TSLA TWTR C ZNGA MCD RIG NFLX according to Track Data.
15:02 EDTCFed extends capital surcharge for SiFi banks comment period to April 3
The Federal Reserve extended until April 3 the comment period for its proposed rule to implement capital surcharges for the largest, most systemically important U.S. bank holding companies. The Fed extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by March 2. The proposed rule would establish a methodology to identify whether a firm is a global systemically important banking organization and would also establish the size of a firm's risk-based capital surcharge. The proposal is designed to further strengthen the capital positions of these institutions. Large U.S. banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
14:01 EDTCBarclays to double provision for forex rigging fines, Sky News says
Barclays (BCS), which previously excluded itself from a broader settlement between several banking peers and regulators over alleged manipulation of foreign exchange rates as it worked to secure a binding agreement with all relevant authorities, will more than double its existing provision for forex fines next week, which may indicate that a settlement deal could be announced soon, said Sky News. Barclay took a GBP500M charge during the course of last year in advance of expected forex issue costs, the report noted. Other banks that previously agreed to a settlement included Bank of America (BAC), Citibank (C), HSBC (HSBC), JPMorgan Chase (JPM), RBS (RBS) and UBS (UBS). The report indicates that U.S. regulators have stepped up talks with banks including Barclays and the others involved. Reference Link
13:00 EDTTFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTTFCC Chair says open Internet proposals not a plan to control the Internet
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12:05 EDTAAPLApple to host event on March 9, Business Insider reports
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11:15 EDTAAPLStocks with call strike movement; AAPL CRM
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10:50 EDTCNew York regulator considering cybersecurity, cash laundering controls, WSJ says
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10:24 EDTAAPLApple falls, levels to watch
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10:22 EDTAAPLTesla jumps 2% as Chinese language report fuels speculation
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09:35 EDTAAPLActive equity options trading on open
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07:58 EDTAAPLAvago price target raised to $145 from $120 at Brean Capital
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February 25, 2015
17:36 EDTCCiti discloses money laundering inquiries, says fully cooperating
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16:00 EDTAAPLOptions Update; February 25, 2015
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15:50 EDTAAPLApple pivots lower, levels to watch
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13:14 EDTAAPLFirm says iPad's market share fell sharply, Business Insider reports
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10:01 EDTAAPLIDC reports Samsung retains 22% smartphone marketshare in India
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09:48 EDTAAPLIDC reports 96.3% smartphone marketshare for iPhone, Android
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
09:25 EDTAAPLCisco, Apple among U.S. names cut from China state buying list, Reuters says
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09:01 EDTAAPLMorgan Stanley says Apple Pay available for Wealth Management clients
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07:27 EDTAAPLApple reportedly creating streaming music service, may relaunch iTunes, BI says
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07:13 EDTAAPLApple price target raised to $150 from $130 at Stifel
Stifel increased its price target on Apple as the firm thinks the company "has more than enough capacity" to increase its dividend to $2.30-$2.40 per share. The firm indicates that it believes that Apple can reduce its tax rate. Stifel keeps a Buy rating on the stock.
06:22 EDTAAPLJury orders Apple to pay $533M for patent violations, Reuters reports
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06:01 EDTAAPLGlobal tablet shipments forecast at 221.4M units in 2015, DigiTimes says
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February 24, 2015
16:06 EDTAAPL, COptions Update; February 24, 2015
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15:59 EDTAKAMAkamai price target raised to $77 from $68 at Piper Jaffray
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14:35 EDTAAPLMicron retreats amid pricing, Apple worries but analysts defend shares
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12:15 EDTAAPLMicron sell-off 'totally unwarranted,' says Summit Research
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11:29 EDTAAPLApple could thrive in auto sector, Morgan Stanley says
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10:43 EDTAAPLMicron drop on Apple speculation presents buying opportunity, says Stifel
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10:19 EDTAKAMAkamai to host investor meeting
Investor meeting to be held in Boston on February 24 from 8:30 until 2 pm. Webcast Link
10:14 EDTAAPLSamsung reportedly reaches deal with LG, Apple to supply DRAM, Korea Times says
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09:35 EDTAAPLActive equity options trading on open
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08:39 EDTAAPLApple near-term capital return could be less than expected, says UBS
UBS said they believe Apple could take a near-term breather on capital returns due to potential U.S. tax reform, increased dependence on debt issuance for stock buyback funding, and the potential for its board to wait for more clarity on repatriation. UBS reiterated its Buy rating and $150 price target on Apple shares.
07:21 EDTCSecurities Industry & Financial Markets Association to hold a conference
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06:39 EDTAAPLVisa Europe announces 'tokenisation service'
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06:29 EDTAAPLApple hiring chip, battery experts from Samsung, Korea Times reports
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06:27 EDTAAPLApple said to buy music plug-in and effect makker Camel Audio, MacRumors says
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06:06 EDTAAPLApple's market cap hits nearly $775B, CNBC reports
Apple's (AAPL) market cap has reached nearly $775B after the stock closed at a record on Monday, up over 2.7% to $133, CNBC reports. Exxon Mobil (XOM) has a market cap of about $377B. Reference Link
05:59 EDTAAPLStocks with implied volatility movement; BBRY AAPL
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February 23, 2015
16:00 EDTC, AAPLOptions Update; February 23, 2015
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15:17 EDTAAPLAOL iTunes login pact with Apple ending soon, AppleInsider says
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12:28 EDTT, AAPLGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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12:21 EDTAAPLOn The Fly: Midday Wrap
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12:12 EDTAAPLReport: Apple may be targeting next-gen experts from Samsung, Apple Insider says
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10:11 EDTAAPLApple breakout continues, levels to watch
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09:39 EDTAAPL, CActive equity options trading on open
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09:04 EDTAAPLApple volatility flat as shares near record
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07:38 EDTTComcast, AT&T deals could be delayed by document access case, WSJ says
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07:29 EDTAAPLJapan Display asking Apple to finance new smartphone screen plant, Reuters says
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06:21 EDTAAPLFacebook's shuttle drivers approve new union contract, WSJ reports
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06:04 EDTAAPLApple to publicly beta test iOS update, Re/code says
Apple plans to allow consumers to test the next update for its iOS mobile operating system, reports Re/code. The beta test will be available mid-March through the company's Apple Seed program. Reference Link
05:33 EDTTDirecTV downgraded to Hold from Buy at Brean Capital
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05:29 EDTAAPLApple to invest EUR 1.6B in new European data centers
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05:27 EDTAAPLApple to invest EUR 1.6B in new European data centers
February 22, 2015
17:11 EDTAAPLApple could reach $160 in a year, Barron's says
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15:11 EDTAAPLApple increases capabilities in industrial lithium-ion batteries, Reuters says
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February 20, 2015
16:48 EDTAAPLDow, S&P 500 finish week at record highs after Greek deal reached
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16:20 EDTCOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory with time running out for Greece to reach an extension of its bailout agreement. The morning was filled with headlines from both Greek and eurozone finance leaders, many of which indicated that prospects for a deal looked grim. When reports surfaced that an agreement on an extension had been reached the Dow took off and hit its first new high of 2015. The S&P 500 followed to its own new high and the Nasdaq continued to close in on the 5,000 level. ECONOMIC EVENTS: In the U.S., Markit's flash PMI rose to 54.3 in February, versus the consensus forecast for a preliminary reading of 53.6 for the month. In Europe, the Eurogroup and Greece reached a tentative deal for an extension of the current EFSF Master Financial Assistance Facility Agreement for up to four months. The deal is predicated on Greek authorities presenting a first list of reform measures, based on the current arrangement, by the end of Monday. Also, the Eurozone flash composite PMI came in at 53.5, versus expectations for a reading of 53. The services PMI was better than expected, while the manufacturing PMI was lower than expected. COMPANY NEWS: Deere reported Q1 earnings per share of $1.12 and revenue of $6.38B, which beat consensus forecasts of 84c and $5.59B, respectively. However, Deere said company equipment sales are projected to decrease about 17% for fiscal 2015 and now sees net income to be about $1.8B, which is down from the company's prior net income outlook of $1.9B. Analysts at Wells Fargo calculate that the implied EPS guidance from Deere dropped to $5.25 from $5.50. Consensus for FY15 EPS prior to Deere's report was $5.51. Shares of the farm, construction and forestry equipment maker rose 72c, or 0.79%, to $92.43 following this morning's report. MAJOR MOVERS: Among the notable gainers was National Bank of Greece (NBG), whose shares trading in New York jumped 35c, or 21.74%, to $1.96 after the Greek aid extension deal was negotiated. Also higher was Springleaf (LEAF), which gained $4.40, or 12.88%, to $38.57 after Reuters reported that the company has beaten out rival bidders and is in advanced talks to buy consumer finance unit OneMain Financial from Citigroup (C) for more than $4B. Two stock that dropped after their earnings reports prompted multiple analyst downgrades were Noodles & Company (NDLS), which plunged $8.84, or 31.87%, to $18.90, and Rocket Fuel (FUEL), which fell $3.95, or 26.74%, to $10.82. INDEXES: The Dow rose 154.67, or 0.86%, to 18,140.44, the Nasdaq gained 31.27, or 0.63%, to 4,955.97, and the S&P 500 advanced 12.85, or 0.61%, to 2,110.30.
16:03 EDTAAPLOptions Update; February 20, 2015
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15:05 EDTCSpringleaf in lead to buy OneMain for over $4B, Reuters says
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14:18 EDTCSpringleaf in advanced talks to buy OneMain from Citi for over $4B, Reuter says
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13:56 EDTTAT&T VP critical of Dish auction tactics
AT&T (T) VP of Federal Regulatory Joan Marsh stated in a post to a corporate blog that FCC Auction 97 represents "hard evidence that there is significant continuing interest in licensed spectrum... It didn't matter that it was mid-band spectrum. It mattered only that it was broadband spectrum." Marsh notes that Dish (DISH) won more licenses than any other bidder though "none of that spectrum is currently supporting commercial wireless services," with her suggestion being that "auctions should be designed to ensure that licenses go to those willing to deploy networks – not speculators or stockpilers...The government should continue to place a high priority on allocating new licensed bands to the wireless industry." Marsh continues her analysis of Dish, claiming the double and triple-bidding activity carried out by its two designated entities "circumvented auction activity rules, masked actual demand and distorted the auction," as they were able to win significant allocations while enjoying a 25% small business discount. In response to Dish claims that all companies use DEs, Marsh replies that "in more recent auctions... bidders like AT&T, Verizon (VZ) and T-Mobile (TMUS) had no DE relationships, participated directly and paid full price for their licenses." Reference Link
11:02 EDTAAPLApple electric car could be 'iPhone of the Future,' says Cantor
Cantor Fitzgerald analyst Brian White says he believes an electric car from Apple has the potential to be the "iPhone of the Future." White, in a note to investors today, added that he doubts Apple's reach will stop there. He believes the personal robot category offers "great potential over the next decade and fits well with Apple's skill set." White thinks the reports of an electric car show innovation at the tech giant continues. He keeps a Buy rating Apple shares with a $160 price target. The stock is up 30c it morning trading to $128.71.
11:00 EDTAAPLApple electric car could be 'iPhone of the Future,' sys Cantor
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10:47 EDTCNY AG says Santander Bank to adopt new policies regarding use of ChexSystems
New York Attorney General Eric T. Schneiderman announced that Santander Bank, N.A. (SAN) has agreed to adopt new policies governing its use of ChexSystems, a consumer-reporting agency that screens people seeking to open checking or savings accounts. Santander’s new policies are expected to allow thousands of additional New Yorkers and consumers nationwide to open bank accounts by September 30. The change comes amid concerns that screenings by ChexSystems and other consumer-reporting agencies, which are used by most of the nation’s banks, adversely affect lower-income applicants and force them to turn to high-cost alternative financial services like check-cashing outlets. With this agreement, Santander now joins Capital One (COF) and Citibank (C) as the third bank to commit to overhaul its use of ChexSystems. The three banks operate a combined 613 branches across New York State and 2,822 branches nationwide.
09:38 EDTAAPLActive equity options trading on open
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08:54 EDTCCiti confirms retirement of global consumer banking head Manuel Medina-Mora
In a filing, Citigroup said that on February 18, Manuel Medina-Mora, Citi’s Co-President and CEO, Global Consumer Banking, submitted a notice of retirement to Citi. The effective date of the retirement is June 1.
08:43 EDTCCiti's head of consumer banking set to retire in June, WSJ reports
Citigroup co-president and head of consumer banking, Manuel Medina-Mora, is planning to retire in June, The Wall Street Journal reports, citing memos sent by Medina-Mora and Citigroup CEO Michael Corbat. Medina-Mora is expected to stay with the bank as the non-executive chairman of Banamex. Citigroup plans to name a new head of the consumer bank "in the near future." Reference Link
06:41 EDTAAPLApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
06:20 EDTAAPLApple price target raised to $145 on increasingly bullish outlook at Goldman
Goldman raised Buy rated Apple's price target to $145 from $130 based on increased confidence in platform momentum, sustained iPhone growth, and the potential for the Apple Watch. The firm believes risk/reward is more balanced following the recent 20% upside move but sees further upside given the aforementioned factors and the near-term catalysts from the April watch launch, updates on capital allocation, and a likely March quarter beat.
February 19, 2015
16:01 EDTAAPLOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
14:18 EDTAKAMAkamai volatility at low end of historic range on sharp rally
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14:06 EDTTDirecTV says on track to close deal with AT&T before end of 1H
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12:58 EDTAAPLRecent Apple hires have backgrounds in automotive hardware, 9to5Mac says
Many of the automotive experts poached by Apple (AAPL) come from automotive hardware backgrounds, strongly hinting at development beyond automotive software, reports 9to5Mac, citing sources close to the company. The new hires have backgrounds in motor and gearbox design, safety components, transmissions, power trains, drive trains, electric vehicle batteries, hybrid vehicles, interior vehicle components, and other areas. Reference Link
11:51 EDTAAPLCiti, RBC lay out reasons to be bullish on Apple
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09:35 EDTAAPLOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
08:54 EDTTAT&T fiber-optic internet charges users $29 to avoid tracking, WSJ says
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08:50 EDTAAPLApple could return $150B-$200B to shareholders, says RBC Capital
RBC Capital believes that Apple could return $150B-$200B to its shareholders over the next three years. The firm expects the company to return 100% of its annual free cash flow to shareholders. It raised its price target on the name to $140 from $130 and keeps an Outperform rating on the stock.
08:21 EDTAAPLApple Pay faces resistance from China, MarketWatch says
Apple (AAPL) is attempting to launch Apple Pay in China, but a People's Bank of China official stated the company has not acknowledged regulators and "it's unclear whether the product meets the government’s requirements,” while talks with state-owned card payment operator UnionPay "have stalled" according to sources close to the companies, reports MarketWatch. Alibaba (BABA) currently operates the similar Alipay service and an Alibaba employee stated the two companies "have stayed in contact and are preparing for several projects," but because all payments go through UnionPay, Apple's entry into the market is ultimately controlled by the state-owned firm. The Chinese government has raised numerous concerns regarding Apple Pay, and is demanding the company open a mainland China data center to house customer information. Reference Link
08:15 EDTAAPLWarner Bros. exec says not in talks with Apple on streaming, Re/code reports
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06:47 EDTCReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:39 EDTAAPLA123 Systems sues Apple for poaching employees, WSJ reports
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06:22 EDTAAPLCiti lists five reasons for why Apple shares are going higher
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