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Stock Market & Financial Investment News

News Breaks
October 4, 2012
12:24 EDTINFA, VRNG, BKE, APP, COST, NUVA, FB, ROST, GPS, CX, GOOG, KSS, TGTOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after initial jobless claims stayed below 370K for another week. The market opened slightly higher and drifted in positive territory during the early hours of trading. The market reached its highs near the time the headline number for factory orders showed a decline of more than 5% for the month. When transportation items were removed from the data, orders managed to show a slight increase. The market briefly reached new five year highs but then backed off and the averages have been drifting near noon... ECONOMIC EVENTS: In the U.S., jobless claims rose 4,000 to 367,000 in the week ended September 29, versus expectations for 370,000 claims. The Challenger job cuts report showed job cuts were roughly 70% lower than in the same period a year ago. Factory orders were down 5.2% in August, versus expectations for a decrease of 5.9%. In Europe, the Bank of England left its interest rates and stimulus unchanged and the European Central Bank left its benchmark rate unchanged as well. In his post announcement press conference, ECB president Mario Draghi refused to comment directly on the chances Spain was on the verge of a bailout, but said the ECB's Outright Monetary Transactions bond buying program could act quickly if a country asks for help... COMPANY NEWS: Numerous retailers reported September same-store sales figures, with a number of discount and specialty-apparel chains topping analysts’ estimates and some department stores trailing projections. Stocks advancing after the reports included Costco (COST), Target (TGT), Gap (GPS) and American Apparel (APP), while decliners included Kohl's (KSS), Ross Stores (ROST) and The Buckle (BKE)... Google (GOOG) said it is expanding its plan to cut jobs from its Motorola Mobility unit and will take $340M in related charges in Q3... Facebook (FB) now has 1B active users, CEO Mark Zuckerberg announced in a statement on its Web site... MAJOR MOVERS: Among the notable gainers was Vringo (VRNG), which extended yesterday's gains to rise another 20% the day after a federal judge ordered the company and Google to engage in patent litigation settlement talks. Also higher were shares of CEMEX (CX), which rose nearly 5% after it said that it expects its Q3 net sales to grow about 3% when adjusted for currency fluctuations. Among the noteworthy losers was NuVasive (NUVA), which fell over 32% following at least seven downgrades of its stock after the company lowered its outlook for Q3. Also lower was Informatica (INFA), down 26% following downgrades at Oppenheimer and Evercore after the company's Q3 outlook missed expectations... INDICES: Near noon, the Dow was up 84.98, or 0.63%, to 13,579.59; the Nasdaq was up 7.33, or 0.23%, to 3,142.56; and the S&P 500 was up 8.98, or 0.62%, to 1,459.97.
News For COST;TGT;GPS;APP;KSS;ROST;BKE;GOOG;FB;VRNG;CX;NUVA;INFA From The Last 14 Days
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February 19, 2015
05:36 EDTFBFacebook implied volatility of 25 at lower end of index mean range
February 18, 2015
15:15 EDTGOOGAngie's List could be more attractive to buyers given traction, says Barrington
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11:49 EDTGOOG, FBFacebook CEO would 'love to work with Google' on connectivity, Bloomberg says
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08:27 EDTFBFacebook in talks with media about hosting news content, Re/code says
Facebook is speaking to media publishers about hosting news content "that would otherwise go on a publisher’s own website," reports Re/code, citing statements by Facebook chief product officer Chris Cox at the Code/Media conference. Cox said Facebook could provide a larger audience and improved design, though he noted potential partnerships "aren't coming anytime soon." Additionally, Cox said the company's video efforts have been "a massive success" but the company "isn’t rushing" to pay content creators. Reference Link
07:48 EDTGOOGYandex requests anti-trust investigation against Google, TechCrunch says
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07:06 EDTGOOGGoogle Capital hiring for India expansion, WSJ says
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06:29 EDTFBFacebook engagement data remains strong, says JPMorgan
JPMorgan notes that according to comScore, Facebook’s share of mobile Internet time excluding Instagram and WhatsApp in January was 21%, up from 20% in December, and its share of total Internet time including desktop was 17%. The firm believes the data suggests continued strong engagement for Facebook. It reiterates an Overweight rating on the stock with an $85 price target, calling the stock a favorite idea for 2015.
06:20 EDTGOOGApple awarded patent for wireless head-mounted display, Financial Times reports
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06:10 EDTFBFacebook is developing virtual reality apps, Re/code says
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February 17, 2015
17:13 EDTFBPoint72 gives quarterly update on stakes
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15:05 EDTFBFacebook announces official launch of Marketing Partner program
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13:14 EDTFBFacebook introduces customizable product ads solution
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12:12 EDTGOOGAT&T to match Google Fiber speed, pricing in Kansas City area, KC Star says
AT&T (T) announced on Sunday that it would offer Internet service in Kansas City and several of itssuburbs, with the same speed and pricing as Internet service provided by Google's Google Fiber service in the region, according to The Kansas City Star. Reference Link
10:31 EDTGOOGApple rises as analysts applaud reported auto ambitions
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10:04 EDTFBFacebook receives patent for identifying, marketing to "influencers"
Facebook has received a patent allowing it to identify "influencers" within its social network - those whose recommendations results in a significant increase of word-of-mouth and re-sharing. The patent describes a process for identifying which users are most influential, and then advertising to those specific people in order to capitalize on any potential recommendations they may make.
09:22 EDTVRNGVringo announces litigation against ZTE transferred to Southern District of NY
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08:50 EDTGOOGGoogle launches Chinese YouTube channel for app developers, TechCrunch says
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08:39 EDTFBMarathon Patent Group subsidiary files patent infringement suit against Facebook
Marathon Patent Group (MARA) announced that its wholly-owned subsidiary TLI Communications GmbH has filed a patent infringement lawsuit against Facebook (FB) and Facebook Ireland Limited in the Regional Court of Munich in Germany. TLI Communications is asserting infringement of the German part of European patent 0 814 611 B1 by the social media platform "Facebook" operated by the defendants, as well as the associated application software for smartphones and tablet computers.
07:49 EDTINFAInformatica seeks new financial advisers to restart sale process, Reuters says
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07:22 EDTFBMitsubishi UFJ to hold a tour
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