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Stock Market & Financial Investment News

News Breaks
November 14, 2012
12:39 EDTCSCO, ANF, FB, IAG, STMPOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the sluggish trading that has persisted since the end of the U.S. election continues. The averages began the session in positive territory but were unable to improve on their opening prices. The fiscal cliff continues to weigh on the market as lawmakers continue to comment to the press regarding its urgency but have not offered any solutions. The lack of movement on the issue, coupled with new, more aggresive revenue demands from the president, have kept investors anxious and unwilling to bid up the market... ECONOMIC EVENTS: In the U.S., retail sales fell 0.3% in October, versus expectations for a decline of 0.2%. Producer prices fell 0.2% in the month, versus forecasts for them to have increased 0.2%. Excluding food and energy, the core reading fell 0.2%, versus the expected increase of 0.4%. Business inventories rose 0.7% in September, versus expectations for an increase of 0.6%. In Europe, industrial production dropped the most in more than three years in September, declining 2.5% from August and 2.3% from the prior year... COMPANY NEWS: Cisco (CSCO) reported stronger than expected first quarter results and generally in-line second quarter earnings guidance, sparking an upgrade at Pacific Crest and a 6% rally in its shares... MAJOR MOVERS: Among the notable gainers was Abercrombie & Fitch (ANF), which surged over 27% after its better than expected quarterly results and full year guidance prompted at least four upgrades of its stock. Also higher were shares of Facebook (FB), up 9% in spite of a massive IPO lock-up expiration that allowed employees and early investors in the company to sell their shares. Among the noteworthy losers were IAMGOLD (IAG), down 18% after reporting its quarterly results and revising its gold production guidance for its next fiscal year, and Stamps.com (STMP), down 11% after Craig-Hallum said the company's site experienced a number of outages in November due to IT issues... INDICES: Near 12:30 pm ET, the Dow was down 75.18, or 0.59%, to 12,681.00; the Nasdaq was down 7.48, or 0.26%, to 2,876.41; and the S&P 500 was down 6.54, or 0.48%, to 1,367.99.
News For CSCO;ANF;FB;IAG;STMP From The Last 14 Days
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September 24, 2014
06:32 EDTFBApple iOS 8 upgrade prompts more frequent app collapse, Bloomberg says
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September 23, 2014
16:00 EDTFBOptions Update; September 23, 2014
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07:23 EDTCSCOCisco management to meet with UBS
Meeting to be held in New York on September 23 hosted by UBS.
07:19 EDTCSCOEMC's end game is a marriage with Cisco, says Macquarie
Macquarie views EMC's (EMC) merger talks with Hewlett-Packard (HPQ) as a "ploy" to bring Cisco (CSCO) to the bargaining table. The analyst is not surprised by reports that EMC's discussions with Hewlett-Packard stalled given the lack of synergies and views Cisco as a logical buyer due to strong synergies and defensive reasons. Macquarie said VMware (VMW) would make Cisco the leader in the growing Software Defined DataCenter market, allowing it to offer EMC a better deal than any other potential acquirer. Finally, the firm does not view the status-quo as a compelling option for EMC given the recent share strength, aggressive street estimates, and the upcoming retirement of Joe Tucci in February. Macquarie rates EMC a Neutral with a $32 price target, up from $28.
06:56 EDTFBGoogle exec to manage Snapchat PR, policy, Re/code says
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06:00 EDTFBFacebook expected to launch new advertising platform, WSJ reports
This week, Facebook (FB) will introduce Atlas, a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reports, citing people familiar with the matter. Atlas is a re-engineered version of the Atlas Advertiser Suite Facebook acquired in 2013 from Microsoft (MSFT). Facebook is looking to challenge Google (GOOG) in the online ad space. Reference Link
September 22, 2014
12:50 EDTCSCOEMC jumps after reports detail takeover talks
The shares of cloud application provider EMC (EMC) are rising in a down market after Wall Street Journal reported that the company had held talks about selling itself to HP (HPQ) and Dell. WHAT'S NEW: EMC held on-and-off merger talks with HP for almost a year, but those talks have ended, Wall Street Journal reported today. Dell also held talks with EMC about a takeover, the newspaper added. According to a CNBC’s David Faber, the takeover talks between HP and EMC went on for months, but the two sides couldn't agree on a price, as EMC wanted HP to pay a large premium to its stock price. Tiernan Ray of Barron's added today that the takeover talks between the companies could resume, citing a source. WHAT'S NOTABLE: The New York Post reported on September 11 that EMC was considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW). UBS analyst Steven Milunovich responded to The Post's report by writing on the same day that EMC had become a potential takeover target itself. HP, Oracle (ORCL) and Cisco (CSCO) could buy EMC, the analyst wrote. PRICE ACTION: In early afternoon trading, EMC added 1% to $30, while VMware added 1% to $95.
12:26 EDTCSCOEMC, HP merger talks could resume, Barron's reports
The merger talks between EMC (EMC) and HP (HPQ) could resume, Tiernan Ray of Barron's reports, citing a source. The companies had discussed HP selling its printer division, but only as "a down the road thing," once a deal was completed, Tiernan added, citing the source. Cisco (CSCO) and Oracle (ORCL) are still considered possible buyers for EMC, the reporter noted. Reference Link
11:18 EDTCSCOCisco management to meet with Oppenheimer
Meeting to be held in Boston on September 25 hosted by Oppenheimer.
06:11 EDTCSCOEMC explores merger, holds talks with HP, Dell, WSJ reports
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September 21, 2014
16:02 EDTFBFacebook's Oculus gets closer to consumer release of Rift headset, FT says
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September 19, 2014
11:24 EDTFBTD Ameritrade:Alibaba premarket orders approaching Facebook levels, Reuters says
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September 18, 2014
13:54 EDTFBAd dollars on Facebook outpacing amount of time people spend on site, WSJ says
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13:27 EDTFBFacebook updates story ranking criteria
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12:07 EDTFBStocks with call strike movement; JCP FB
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10:57 EDTANFU.S. ITC to investigate 17 denim jean companies for patent infringement
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07:06 EDTFBFacebook volatility low into Alibaba IPO
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September 17, 2014
10:04 EDTFBDiscover rumored to be eyed as target by Apple, Bank Innovation says
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09:40 EDTFBFacebook polishing micro-sharing app 'Moments', TechCrunch reports
Facebook is polishing a new app codenamed "Moments" for micro-sharing for a select group of friends, reports TechCrunch. According to multiple sources, including who has seen a live internal version of the app, the design features a grid with a few tiles, each representing a set of close family or friends. The goal is to make selective sharing much faster than the main Facebook app. Reference Link
08:05 EDTCSCOCisco announces intent to acquire Metacloud
Cisco announced its intent to acquire privately held Metacloud. Upon completion of the acquisition, Metacloud employees will join Cisco's Cloud Infrastructure and Managed Services organization led by Faiyaz Shahpurwala, senior vice president. The acquisition of Metacloud is expected to be complete in 1Q15, subject to customary closing conditions.
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