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Stock Market & Financial Investment News

News Breaks
February 5, 2013
16:49 EDTBIDU, YUM, MSFT, ACM, LBTYA, DELL, MHP, CSC, VMEDOn The Fly: Closing Wrap
Stocks on Wall Street were higher as the Dow's third straight session with a triple digit move allowed it to close just shy of the 14K level, while the S&P 500 climbed back above 1,500... ECONOMIC EVENTS: In the U.S., the Institute for Supply Management's index of non-manufacturing activity dipped to 55.2 in January from 55.7 in December, but beat expectations for a reading of 55.0. In Europe, the composite euro-zone services PMI rose to 48.6 in January from a 48.3 reading in the prior month. In China, HSBC's services PMI jumped to 54.0 in January from 51.7 the month before... COMPANY NEWS: Dell's (DELL) expected "go private" deal was officially announced, as private equity firm Silver Lake and Michael Dell agreed to buy the company for $13.65 in cash, or about $24.4B. As had been speculated, the financing for the deal includes a $2B loan from Microsoft (MSFT). Dell shares, which had risen about 22% over the last month amidst the going private chatter, gained 15c, or 1.13%, to $13.42... Virgin Media (VMED) rose $6.92, or 17.89%, to $45.61 after confirming that it is in discussions with Liberty Global (LBTYA) concerning a possible transaction. CNBC's David Faber reported late in the afternoon that the boards of both companies voted to approve a cash and stock deal that will see Liberty Global take over Virgin Media. Liberty shares lost $1.58, or 2.27%, to $67.88... Yum! Brands (YUM) reported earnings after yesterday's close that were in-line with expectations, but the company reported same-store-sales in China fell 6% in Q4. Shares of Yum! Brands were downgraded at RW Baird and Goldman and slid $1.86, or 2.91%, to $62.08... MAJOR MOVERS: Among the notable gainers was Computer Sciences (CSC), up $3.84, or 9.16%, to $45.75, and AECOM Technology (ACM), up $1.95, or 7.7%, to $27.26 after both companies reported earnings that beat estimates. Among the notable losers was McGraw-Hill (MHP), which followed yesterday's slide with another loss of $5.38, or 10.7%, to close at $44.92 after the DOJ confirmed it is suing Standard & Poor's for alleged fraud in rating mortgage-based securities. Also lower was Baidu (BIDU), which fell $10.83, or 10.1%, to $96.37 after its Q4 report, as shares were downgraded by Stifel Nicolaus and Raymond James with both firms citing increased margin pressure... INDICES: The Dow was up 99.22, or 0.71%, to 13,979.30; the Nasdaq was up 40.41, or 1.29%, to 3,171.58; and the S&P 500 was up 15.58, or 1.04%, to 1,511.29.
News For DELL;MSFT;VMED;LBTYA;YUM;CSC;ACM;BIDU;MHP From The Last 14 Days
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November 13, 2014
07:29 EDTMSFTMicrosoft to buy Aorato for about $200M, sources say, WSJ reports
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06:45 EDTMSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
17:22 EDTMSFTMicrosoft says will have sold 10M Xbox One consoles 'shortly'
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07:58 EDTMSFTMicrosoft to hold a conference
Developer Conference is being held in New York on November 12-13 with webcasted discussions will begin on November 12 at 10 am. Reference Link
07:48 EDTMSFTWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
November 11, 2014
12:09 EDTMSFTRackspace soars after Q3 results top estimates, $500M share buyback plan
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09:37 EDTBIDUActive equity options trading
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07:03 EDTACMAECOM Technology sees FY15 adjusted EPS $2.75-$3.35, consensus $2.73
The mid-point of the guidance range assumes approximately $110M of realized synergies from the acquisition of URS.
07:02 EDTACMAECOM Technology reports Q4 EPS ex-items 79c, consensus 82c
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05:59 EDTMSFTMicrosoft unveils first Lumia smartphone without Nokia name
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November 10, 2014
16:40 EDTMSFTRackspace says joined Microsoft Cloud OS Network
Rackspace (RAX) said it expanded its Managed Private Cloud product portfolio and joined the Microsoft (MSFT) Cloud OS Network, adding Fanatical Support for the Microsoft Cloud Platform. It stated, "This includes expertise and support for Windows Server with Hyper-V, System Center and Azure Pack. The offering is now in general availability in all U.S. data centers providing customers with SLA-backed management across the underlying infrastructure, guest operating systems, and select applications including Microsoft Exchange, SharePoint and Lync."
15:57 EDTMSFTWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
15:43 EDTDELLAmerican Petroleum Institute to hold a conference
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15:26 EDTACMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings DR Horton (DHI), consensus 48c; Sabre (SABR), consensus 26c; AECOM Technology (ACM), consensus 82c; CST Brands (CST), consensus 57c; Qiwi plc (QIWI), consensus 36c; INSYS Therapeutics (INSY), consensus 29c.
09:27 EDTBIDUXiaomi rumored to mull stakes in Youku Tudou, Baidu unit, Marbridge Daily says
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08:20 EDTBIDUBaidu subsidiary to buy 1,000 US films in 2015
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07:36 EDTYUMPizza Hut to unveil major menu expansion, CNBC reports
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07:23 EDTMSFTRBC Capital to hold a conference
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06:09 EDTBIDULightInTheBox, Baidu Dianxin form strategic partnership
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