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News Breaks | | | | February 5, 2013 | | 16:49 EDT |  | ACM, LBTYA, DELL, MHP, CSC, VMED, BIDU, YUM, MSFT | On 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. | |
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News For DELL;MSFT;VMED;LBTYA;YUM;CSC;ACM;BIDU;MHP From The Last 14 Days Check below for free stories on DELL;MSFT;VMED;LBTYA;YUM;CSC;ACM;BIDU;MHP the last two weeks. |
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| May 24, 2013 | | 14:07 EDT | | MSFT | Market poised to end week lower following Fed, China data
 Subscribe for More Information | | | 12:27 EDT |  | MSFT | Microsoft to look to sell 25M additional Xbox 360s, The Verge reports
Subscribe for More Information | | | 08:56 EDT | | MSFT | Microsoft to receive percentage cut of Xbox One pre-owned sales, MCV says
Subscribe for More Information | | | 06:22 EDT | | DELL | Icahn hired Jefferies to help fund Dell deal, NY Post reports
Subscribe for More Information | | | May 23, 2013 | | 19:33 EDT | | DELL | Icahn, Southeastern engage banks on financing for Dell deal, Reuters says
Subscribe for More Information | | | 17:54 EDT | | MSFT | Google loses bid to block imports of Xbox One, Bloomberg says
The ITC ruled that Microsoft's (MSFT) new Xbox One does not infringe patents held by Google's (GOOG) Motorola Mobility unit, preventing Google from getting imports of Xbox One to the U.S. blocked, reports Bloomberg. Reference Link | | | 17:11 EDT |  | MSFT | Google loses bid to block U.S. imports of Microsoft's Xbox, Bloomberg reports
Subscribe for More Information | | | 14:46 EDT |  | MSFT | GameStop reported solid Q1 results but uncertainty remains, says Piper Jaffray
Subscribe for More Information | | | 11:51 EDT | | MSFT | GameStop says 'lots of rumors' out there about Microsoft Xbox One
GameStop says company, customers excited about Xbox One. | | | 11:38 EDT | | MSFT | GameStop sees being able to leverage buy/sell/trade model with new consoles
GameStop (GME) says in communication with Microsoft (MSFT) about how used games and resale will be handled in respect to upcoming Xbox One. | | | | 11:22 EDT | | MSFT | GameStop believes next-gen consoles will have lower price points than last cycle
Subscribe for More Information | | | 11:09 EDT | | MSFT | GameStop says 'right in the middle' of opportunity presented by new consoles
Subscribe for More Information | | | 08:31 EDT | | MSFT | Microsoft increasing cloud services in Japan, WSJ reports
In Japan, Microsoft is expanding capacity for its Windows Azure cloud computing services for businesses, as it bets on growing corporate IT spending in the country, reports the Wall Street Journal. Reference Link | | | 07:41 EDT | | MSFT | Lenovo warns of tough first half but sees late year boosted by Win8, FT says
Subscribe for More Information | | | 06:30 EDT | | MSFT | Microsoft Windows 8 may take up 5%-8% of global tablet shipments, DigiTimes says
Subscribe for More Information | | | 05:45 EDT | | MSFT | Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports
Subscribe for More Information | | | May 22, 2013 | | 11:52 EDT | | MSFT | Uncertainty surrounds GameStop after new Xbox revealed
Subscribe for More Information | | | 09:24 EDT | | MSFT | Microsoft CEO says to hire 'several thousand' in China, Bloomberg reports
Subscribe for More Information | | | 08:53 EDT | | MSFT | GameStop has positive read through from Xbox launch, says Sterne Agee
Sterne Agee believes that GameStop (GME) will benefit from several aspects of the launch of the new version of Microsoft's (MSFT) Xbox, including the fact that it will accept new games and is launching this year instead of 2014 as some reports had suggested. The firm keeps a $46 price target and Buy rating on GameStop. | | | 08:45 EDT | | MSFT | Microsoft Xbox very compelling, says Stifel
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