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Stock Market & Financial Investment News

News Breaks
October 4, 2012
12:24 EDTCX, GOOG, KSS, TGT, INFA, VRNG, BKE, APP, COST, NUVA, FB, ROST, GPSOn 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 analystsí 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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April 7, 2015
07:55 EDTINFAInformatica to be acquired by Permira Funds, CPPIB for $48.75 per share
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07:53 EDTINFAInformatica to be acquired by Permira Funds, CPPIB for $48.75 per share
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07:53 EDTINFAInformatica to be taken private for about $5.3B, or $48.75 per share
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07:30 EDTINFAInformatica trading halted, pending news
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07:03 EDTGOOGCyrusOne announces direct connectivity to Google Cloud Platform
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06:46 EDTGOOGApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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06:25 EDTGOOGGroups urge authorities to probe YouTube app, Reuters says
Advocacy groups say they will urge federal regulators to probe a video app for Google's YouTube, according to Reuters. Aimed at children, the app deceptively blends video programming and ads, the news service quoted the groups as saying. Reference Link
06:21 EDTGOOGGoogle Ventures leading $12M investment in CoreOS, Business Insider reports
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06:00 EDTGOOG, FBTurkey restores access to YouTube, Twitter, Facebook, FT reports
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April 6, 2015
20:07 EDTFBFacebook sued for facial biometric data collection, BI says
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19:42 EDTGOOGSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
13:32 EDTINFAInformatica got takeover offers from two private equity groups, Reuters says
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13:26 EDTINFAInformatica receives offers from two private equity consortia, Reuters reports
Sources say a deal could value Informatica at $5B-$6B, Reuters reports.
09:56 EDTGOOGGoogle in talks with Hutchison for cheaper overseas calls, Telegraph reports
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09:36 EDTGOOGActive equity options trading on open
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06:32 EDTGOOGGoogle Ventures-backed Buttercoin to shut down
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06:03 EDTFBUber hires Facebook's Joe Sullivan as Chief Security Officer
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05:54 EDTGOOGYouTube planning advertising campaign aimed at Canada, Globe and Mail says
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April 5, 2015
16:56 EDTFB, GOOGEU considers major probe into Internet platforms, WSJ says
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14:32 EDTGOOGAntitrust suit against Google over Android app limits dropped, Reuters says
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