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Stock Market & Financial Investment News

News Breaks
November 8, 2012
15:07 EDTCFN, IGT, MCHP, JWN, NVDA, DISCompanies reporting After the Market Close on Thursday, November 8
Notable companies reporting after the bell include CareFusion (CFN), International Game Technology (IGT), Microchip Technology (MCHP), Nordstrom (JWN), NVIDIA (NVDA) and Walt Disney (DIS).
News For CFN;IGT;MCHP;JWN;NVDA;DIS From The Last 14 Days
Check below for free stories on CFN;IGT;MCHP;JWN;NVDA;DIS the last two weeks.
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August 29, 2014
15:46 EDTDISDisney jv A&E in talks for Vice Media stake after Time Warner backs out, FT says
A&E Networks, a joint venture owned by Disney (DIS) and Hearst Corporation, is nearing a deal to pay $250M for 10% stake in Vice Media after the digital media company and Time Warner (TWX) failed to come to terms on a deal, said Financial Times. 21st Century Fox (FOXA) already owns a 5% stake in Vice. Reference Link
11:07 EDTMCHPHigh option volume stocks
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August 28, 2014
18:13 EDTMCHPOn The Fly: After Hours Movers
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17:46 EDTMCHPMicrochip Technology confirms preliminary discussions with CSR plc
Microchip Technology Incorporated (MCHP) announced that it has had preliminary mutual discussions with CSR plc (CSRE) regarding ways in which its relationship with CSR could be advanced, including possibly an acquisition of CSR, a leading provider of AV, connectivity and location technology. Microchip and CSR have worked together on business initiatives in the past, such as a Bluetooth module initiative. The discussions between the parties are at a very preliminary stage and there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made, or that any other type of transaction will be entered into with CSR or as to the terms, structure or form of any such transaction.
15:03 EDTMCHPCSR a potential target for TI, Broadcom after spurning Microchip, Bloomberg says
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11:44 EDTMCHPCSR surges after confirming rejection of Microchip takeover offer
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10:42 EDTIGTOptions with increasing implied volatility
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07:26 EDTDISDisney submits patents for drones for entertainment uses, NY Post says
Disney has filed three patents for entertainment strategies that employ drones, such as the use of unmanned flying vehicles to move giant puppets, according to The New York Post. Reference Link
06:12 EDTMCHPCSR rejects offer from Microchip
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August 27, 2014
17:02 EDTJWNNordstrom files to sell common stock, no amount given
11:32 EDTJWNTiffany shines brighter as results beat expectations, company raises outlook
Shares of luxury retailer Tiffany (TIF) are moving higher after the company reported significantly stronger than expected second quarter results and raised its fiscal year 2015 earnings per share view. WHAT'S NEW: Tiffany's reported Q2 EPS of 96c on revenue of $993M, beating analysts' consensus estimates of 85c and $987.88M, respectively. Worldwide net sales increased 7% in Q2 and comparable store sales increased 3% in Q2 mainly due to growth in the Americas and Asia-Pacific regions. Looking ahead, the retailer increased its FY15 EPS view to $4.20-$4.30 from its previous view of $4.15-$4.25, which is in-line with analysts' $4.29 consensus. Tiffany anticipates worldwide net sales increasing by a high-single digit range and sees worldwide net sales increasing by a high-single-digit percentage for the year. The company also sees FY free cahs flow of at least $400M as well as capital expenditures of $270M. WHAT'S NOTABLE: During its conference call discussing the quarter, Tiffany said that it sees a "healthy" increase in its full-year operating margin. The luxury company noted that it experienced continued softness in its U.S. silver sales during Q2 as well as softness in U.S. entry-level sales under $500. In its Japan division, the retailer foresees returning to single-digit sales growth, but noted that the unit has not experienced that so far in the first few weeks of this month. In Europe, the retailer said it is "still feeling" the effect of economic and currency related obstacles. Tiffany sees opening 10 stores throughout the rest of the year, which is lower than its original plan of opening 13, and plans to close three stores this year compared to its original target of closing four. Tiffany also sees a double-digit percentage marketing spend increase in the second-half of this year. ANALYST REACTION: Sterne Agee analyst Ike Boruchow said that as Tiffany continues to surpass expectations in its earnings reports, fashion jewelry in general is growing again and the company's latest "T" collection should quicken that category further. He feels that regardless of the few headwinds in Japan and Europe, the luxury company is still one of the most stable retail firms. Boruchow believes that the CEO transition from Michael Kowalski to Frederic Cumenal is likely to be a "smooth" one in March. The analyst keeps the stock at a Buy rating with a $100.77 price target. OTHERS TO WATCH: Other high end retailers include Signet Jewelers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: During late-morning trading, Tiffany rose $1.32 or 1.31%, to $102.09.
06:36 EDTJWNNordstrom, Target launching Instagram platform, CNBC says
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August 26, 2014
14:45 EDTDISESPN says Verizon signs deal to carry SEC Network
Verizon (VZ) FiOS has signed an agreement to carry the SEC Network and expects to begin airing it prior to Aug. 28, Disney's (DIS) ESPN announced. The deal also includes live viewing rights and additional live and on-demand content scheduled for SEC Network + across other platforms like smartphones, tablets and laptops. In addition, the deal also includes rights for the FiOS Mobile app, which will be available to FiOS customers in the near future. Terms of the deal were not disclosed.
12:04 EDTNVDAVMware, NVIDIA, Google announce graphics collaboration
VMware (VMW), NVIDIA (NVDA) and Google (GOOG) announced a collaborative effort to deliver high-performance virtual desktops and workstation-class graphics to Google Chromebooks. The joint effort is expected to expand the hardware options for high-performance virtual desktops, VMware said.
09:35 EDTDISNetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
08:55 EDTNVDAEU antitrust regulators could open Qualcomm investigation, Reuters reports
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07:20 EDTNVDATablets seen declining, notebooks growing in 2014, DigiTimes says
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August 24, 2014
21:56 EDTNVDAB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
21:54 EDTCFNPiper Jaffray to hold a bus tour
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August 22, 2014
13:21 EDTJWNNordstrom completes Trunk Club acquisition
Nordstrom announced the closing on August 22 of its acquisition of Trunk Club. The company previously announced its proposed acquisition of Trunk Club by press release on July 31. The company believes this acquisition represents a natural extension of its core business, aligns with its strategic priorities around a relevant customer experience and accelerates entry into this market.
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