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Stock Market & Financial Investment News

News Breaks
March 24, 2014
06:22 EDTCSCO, AMZNCisco plans to offer cloud computing services, WSJ reports
Cisco is planning to offer cloud computing service to corporate customers, in a move to enter a market led by Amazon (AMZN), the Wall Street Journal reports. The company is pledging to spend $1B in the next two years in the space. Reference Link
News For CSCO;AMZN From The Last 14 Days
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September 8, 2014
16:00 EDTAMZNOptions Update; September 8, 2014
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11:12 EDTAMZNAmazon offering Fire Phone for 99c with two-year contract
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08:45 EDTCSCONimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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07:35 EDTAMZNAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
September 7, 2014
14:29 EDTAMZNAmazon.com secures $2B credit arrangement
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September 5, 2014
16:01 EDTAMZNOptions Update; September 5, 2014
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13:13 EDTAMZNAmazon India unit examined by regulators, WSJ says
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06:29 EDTAMZNAmazon, USPS launch grocery delivery service in San Francisco, WSJ reports
Amazon and the U.S. Postal Service have launched a grocery-delivery experiment in San Francisco, the Wall Street Journal reports. Amazon and USPS are already partners in Sunday deliveries, the publication notes. The Postal Service says it is testing AmazonFresh deliveries "to determine if delivering groceries to residential and business addresses would be feasible from an operations standpoint and could be financially beneficial for the organization." Reference Link]:[http://online.wsj.com/articles/u-s-mail-to-deliver-amazon-groceries-in-san-francisco-1409854499?mod=rss_Technology]
September 4, 2014
16:00 EDTAMZNOptions Update; September 4, 2014
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15:26 EDTCSCOCisco UCS update further strengthens portfolio, says Cantor
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15:20 EDTCSCOCisco expands Unified Computing System portfolio
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10:32 EDTCSCOCisco, Red Hat expand relationship, launch solution for OpenStack
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09:35 EDTAMZNActive equity options trading on open
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07:52 EDTAMZNAmazon.com well-positioned to beat 2015 profit expectations, says Bernstein
Bernstein expects Amazon.com's 2015 profits and margins to beat expectations, driven by batter than expected category mix shift and greater scale. The firm raised its price target on the stock to $450 from $360 and keeps an Outperform rating on the shares.
06:22 EDTAMZNeBay to meet PayPal estimates despite competition, says Piper Jaffray
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September 3, 2014
13:50 EDTAMZNAmazon.com slips lower, levels to watch
The shares are down over 1% to $338.94. At that price next support is at $337.55, the session low. Resistance is at $340, an intraday pivot high.
08:31 EDTAMZNAmazon CFO Thomas Szkutak to retire in June 2015
Amazon.com announced that Thomas J. Szkutak, Senior Vice President and CFO, will retire from the company in June 2015. Szkutak has been Amazon’s CFO since joining the company in October 2002 and oversees the controller, treasury, investor relations, tax, internal audit and facilities functions as well as financial management of the company’s business units. Brian T. Olsavsky, Vice President of Finance for the company’s global consumer business, will succeed Szkutak as CFO, reporting to Jeffrey P. Bezos, founder and CEO of Amazon. Szkutak and Olsavsky will work together to conduct a seamless transition of CFO responsibilities over the next 10 months.
07:43 EDTCSCODCP selcets Zix email encryption to replace Cisco
Zix Corporation (ZIXI) announces that DCP has switched its email encryption solution from Cisco’s (CSCO) IronPort Encryption Appliance to Zix Email Encryption in a new three-year contract. DCP is a holding company for Bank of Washington, Citizens National Bank and United Bank of Union, and all bank employees will now use ZixCorp to protect financial information in email.
September 2, 2014
13:04 EDTCSCOFinisar retreats after analyst cuts on pricing, demand worries
Shares of optical components maker Finisar (FNSR) are falling after research firm Jefferies downgraded the stock to Hold from Buy in a note to investors today, citing pricing and demand concerns. WHAT'S NEW: After conducting checks, Jefferies analyst James Kisner wrote that Finisar is facing "brutal" prices for datacom optics, particularly in China. Prices for telecom components in North America are also challenging for Finisar, he reported. Various low-cost competitors are driving down prices for datacom optics, while AT&T (T) is trying to force optical systems vendors to cut the prices of their components by 40%, Kisner stated. Meanwhile, demand for mobile backhaul optics slowed significantly in China over the last month, and two of Finisar's customers - Cisco (CSCO) and Huawei - are exploring alternatives to Finisar's products, Kisner indicated. Additionally, Intel (INTC) and numerous start-ups may launch products that will compete with those of Finisar, potentially cutting into its market share beginning in the second half of 2015, the analyst warned. He cut his price target on the shares to $19 from $25. PRICE ACTION: In early afternoon trading, Finisar slumped 5.5% to $19. Other optical components makers also dropped, with Oclaro (OCLR) falling 1% to $1.75 and JDS Uniphase (JDSU) losing 2% to $11.30.
06:34 EDTAMZNApple cuts iPad mini prices as non-Apple vendors may follow, DigiTimes says
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