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Stock Market & Financial Investment News

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May 16, 2014
11:01 EDTDDS, TTWO, CSCO, CA, CHLOptions with decreasing implied volatility: DDS TTWO CSCO CA CHL
Options with decreasing implied volatility: DDS TTWO CSCO CA CHL
News For DDS;TTWO;CSCO;CA;CHL From The Last 14 Days
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September 16, 2014
12:18 EDTCHLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, with some attributing the move to noted Fed watcher Jon Hilsenrath of The Wall Street Journal giving the opinion that he does not believe the central bank will drop the language that interest rates will "remain low for an extended period of time" when it issues its latest policy statement tomorrow. The averages began the session in negative territory and appeared to be heading for another listless day of trading. The market drifted lower during the opening hour but the Dow and S&P crossed into positive ground and the Nasdaq eventually followed. ECONOMIC EVENTS: In the U.S., the Producer Price Index was unchanged in August, as expected. The core reading, which excludes food and energy, increased 0.1%, also matching expectations. Of note, the Fed's FOMC rate setting group kicked off its two-day policy meeting. COMPANY NEWS: Shares of Apple (AAPL) slid over 1% after Chinese-language 21st Century Business Herald reportedly said the company might not get the necessary approval to launch its new iPhone 6 models throughout China until next year after failing to come to an agreement with a regulator in the nation. Shares of China Mobile (CHL), which is buy far the largest phone carrier in China, slipped 2% after the report... Glimcher Realty Trust (GRT) surged 29% after it agreed to sell itself to fellow REIT Washington Prime Group (WPG) for $14.20 per share. Washington has agreed to buy Glimcher for about $4.3B in a cash and stock deal. Glimcher shareholders will receive $10.40 in cash and 0.1989 of a share of Washington stock upon the closing of the transaction, the companies stated. As part of the deal, Simon Property Group (SPG), which completed its separation of Washington Prime Group this May, agreed to buy two shopping malls owned by Glimcher for $1.09B in cash. Shares of fellow mall owning REITs CBL & Associates (CBL), Rouse Properties (RSE) and Pennsylvania REIT (PEI) rose following the deal announcement. MAJOR MOVERS: Among the notable gainers was Bill Barrett (BBG), which rose 12% after selling natural gas, oil and natural gas liquids assets in the Piceance Basin in Colorado for $525M to Vanguard Natural (VNR). Vanguard Natural also gained 1% following the deal announcement. Among the noteworthy losers was VirnetX (VHC), which plunged nearly 50% after an appeals court vacated a jury’s damages award in its patent case with Apple. Also lower were shares of Atlantic Power (AT), which dropped 32% after announcing that it concluded a sale or merger of the company is not in the best interests of the company or its stakeholders and the company cut its annual dividend. INDEXES: Near midday, the Dow was up 88.18, or 0.52%, to 17,119.32, the Nasdaq was up 16.11, or 0.36%, to 4,535.01, and the S&P 500 was up 11.94, or 0.6%, to 1,996.07.
11:16 EDTCSCOVirnetX plunges after appeals court vacates jury award in suit with Apple
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10:52 EDTCHLApple, China Mobile trade lower as iPhone 6 unlikely to debut in China this year
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09:13 EDTCHLApple may need to wait until 2015 to launch iPhone 6 in China, Bloomberg says
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08:18 EDTCSCOFCC to hold a roundtable
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07:19 EDTCSCOCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
September 15, 2014
14:28 EDTCHLAmerica Movil shopping $17.5B of assets to AT&T, others, Bloomberg says
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06:23 EDTCSCOCisco says Salesforce.com CEO Benioff to step down from board
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September 12, 2014
08:05 EDTTTWORockstar Games says Grand Theft Auto V to launch Nov. 18 for PS4, Xbox One
Rockstar Games (TTWO) announced that Grand Theft Auto V will arrive on the PlayStation 4 (SNE) computer entertainment system and Xbox One, the all-in-one games and entertainment system from Microsoft (MSFT) on November 18, with the PC version to follow on January 27, 2015.
07:22 EDTCACA, Inc management to meet with UBS
Meeting to be held in London on September 12 hosted by UBS.
07:19 EDTTTWOConsoles lead video game sales up 8% in August, Bloomberg reports
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06:05 EDTCSCOCisco implied volatility of 14 at lower end of index mean range
05:36 EDTTTWOAugust NPD video game software sales fell 21%, says Piper Jaffray
Piper Jaffray says August NPD video game software sales fell 21% year-over-year. The firm continues to expect growth beginning in late 2014 and recommends using any weakness in shares of GameStop (GME), Electronic Arts (EA), Activision Blizzard (ATVI) and Take-Two (TTWO) as a buying opportunity.
September 11, 2014
11:17 EDTCSCOEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
07:15 EDTCACA, Inc management to meet with UBS
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September 10, 2014
07:16 EDTCACA, Inc management to meet with UBS
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September 9, 2014
18:21 EDTCHLChina Mobile targets 50M 4G subscribers by year end, Nikkei reports
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07:32 EDTCACA, Inc management to meet with UBS
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07:17 EDTCSCOThe Wireless Association to hold a conference
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September 8, 2014
08:45 EDTCSCONimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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