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Stock Market & Financial Investment News

News Breaks
January 22, 2013
07:28 EDTDD, GOOG, CSX, VZ, IBM, TXN, JNJFutures signal slightly lower open
Stock futures are slightly lower as investors await an onslaught of fourth quarter earnings reports this week. Companies expected to report their results later today include Johnson & Johnson (JNJ), CSX Corp (CSX), IBM (IBM), Google (GOOG) and Texas Instruments (TXN). Verizon (VZ) and DuPont (DD) have already reported their earnings. Several pieces of economic data will be released today, as the Chicago Fed National Activity Index, the Richmond Fed Manufacturing Survey, and Existing Home Sales for December will all be disclosed.
News For CSX;JNJ;IBM;GOOG;TXN;VZ;DD From The Last 14 Days
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June 18, 2013
17:12 EDTGOOGNvidia to begin licensing GPU cores, visual computing portfolio
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13:55 EDTDDDuPont outlook still positive, says Argus
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09:38 EDTGOOGActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG PFE TSLA MGM
07:42 EDTGOOGO'Reilly Media to hold a conference
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07:34 EDTJNJMedivation pullback a buying opportunity, says JPMorgan
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07:29 EDTIBM, GOOGSecurities Industry and Financial Markets Association to host a conference
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07:19 EDTCSXEyefortransport to hold a summit
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06:43 EDTDDWhite House says president would veto House farm bill, Politico reports
The White House warned yesterday that President Obama would veto the farm bill that the House is considering, according to Politico. The White House objects to cuts in food stamps in the bill, and wants to cut crop insurance subsidies instead, the website stated. Reference Link
06:17 EDTGOOGTaiwan tablet sales to reach 2M units in 2013, DigiTimes reports
Tablet demand in the Taiwan market is set to reach 2M units in 2013, reports DigiTimes, according to a Far EasTone Telecommunications Officer. Maxwell Cheng said the forecast for tablet sales volume in 2013 is set to double the level in 2012, with the 7-inch models estimated to account for 70%-80% of solid tablets. Reference Link
06:14 EDTVZVerizon eyes Canada's Wind Mobile, Bloomberg reports
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June 17, 2013
16:20 EDTJNJOn The Fly: Closing Wrap
Stocks on Wall Street were higher following a session dominated by speculation over what is next for the Federal Reserve. The averages trimmed their gains after an article by the Financial Times suggested the Fed would signal a tapering of its pace of asset purchases at its Wednesday press conference. The upward trend resumed after the article's author said the report was based on opinion and that, "The Fed does not leak anything to any journalist to steer markets - especially during blackout." ECONOMIC EVENTS: In the U.S., the New York Fed Empire State Survey for June came in at 7.40, versus expectations for a 0 reading. The NAHB housing market confidence index for June rose to 52, versus the forecast for a more modest climb to 45 from its prior 44 reading. In Europe, Germany's Bundesbank said economic indicators for April pointed to robust growth in the second quarter and business sentiment improved in May, though warned of signs that growth in Europe's largest economy would slow over the summer. COMPANY NEWS: Netflix (NFLX) and DreamWorks (DWA) both climbed after announcing a major content deal. Under the agreement, DreamWorks will provide over 300 hours of content to Netflix, which the TV and movie service expects to start broadcasting next year. After the announcement, Netflix rose $15.24, or 7.12%, to $229.23, while DreamWorks added 93c, or 4.08%, to $23.74. MAJOR MOVERS: Among the notable gainers was Kandi Technologies (KNDI), up $1.53, or 24.4%, to $7.80 after saying it will deploy 5K-10K pure electric vehicles in China within the first year of launch. Also higher were shares of ViroPharma (VPHM), up $1.71, or 6.3%, to $28.87 after Reuters said the company has attracted takeover interest, though the company is not pursuing a sale. Among the noteworthy losers was Terex (TEX), down $2.45, or 7.72%, to $29.29 after the company lowered it fiscal year earnings view. Also lower was Medivation (MDVN), down $3.45, or 6.78%, to $47.41 after Johnson & Johnson (JNJ) acquired the company's competitor, privately held Aragon Pharmaceuticals. INDICES: The Dow was up 109.67, or 0.73%, to 15,179.85; the Nasdaq was up 28.57, or 0.83%, to 3,452.13; and the S&P 500 was up 12.31, or 0.76%, to 1,639.04.
15:29 EDTGOOGGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
12:29 EDTJNJOn The Fly: Midday Wrap
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12:28 EDTJNJMedivation retreats after J&J beefs up prostate cancer slate
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12:08 EDTJNJJ&J deal not negative for Medivation, says Citigroup
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11:52 EDTGOOGGoogle settles shareholder litigation over new Class C stock
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11:18 EDTVZ, GOOGSamsung phone to transmit data at much faster speed, Reuters reports
Samsung intends to sell a version of its Galaxy S 4 smartphone that will transmit data at almost twice the speed of devices that use conventional LTE, the company's co-CEO said, according to Reuters. The company is in talks with a number of carriers about selling the new phone, the executive told Reuters. Reference Link
09:55 EDTVZVerizon considering move into Canada, Globe and Mail says
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09:40 EDTGOOGActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG CLF TSLA CRM.
09:15 EDTGOOGYahoo unlikely to reach search deal with Google, says Bernstein
Bernstein believes that Google (GOOG) will not make a deal on search with Yahoo (YHOO), as the risk/reward ratio of such a deal would not be favorable to Google. The firm expects Yahoo's stock to rise over the next few months but it keeps a Market Perform rating on the shares.
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