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Stock Market & Financial Investment News

News Breaks
June 12, 2014
10:07 EDTEBAY, AAPL, GOOG, V, MA, BRCM, NXPIAnalyst predicts Apple will take on PayPal with digital wallet
Apple (AAPL) may unveil a digital wallet following the release of the iPhone 6, putting the tech giant in direct competition with eBay's (EBAY) PayPal, Gene Munster, an analyst at research firm Piper Jaffray wrote. WHAT'S NEW: Apple's upcoming iPhone 6 will include near-field communication technology, or NFC, potentially giving the company the opportunity to offer a digital wallet, Piper analyst Gene Munster stated in a note to investors earlier today. But such an initiative would present a number of challenges for Apple, the analyst stated. Specifically, the iPhone maker would have to build a retail or terminal partner base from scratch, while PayPal's digital wallet is already available at about 2M retail locations, according to Munster. Moreover, Apple would have to develop a security solution for its digital wallet, the analyst added. Although the credit card data that Apple has obtained from iTunes users is a valuable asset, PayPal is already facing competition from a number of companies in the digital wallet space, including Google (GOOG), Visa (V) and MasterCard (MA), the analyst noted. He kept an Overweight rating on eBay. WHAT'S NOTABLE: Broadcom (BRCM) and NXP Semiconductors (NXPI) have developed NFC solutions. PRICE ACTION: In early trading, eBay was flat at $49.
News For EBAY;AAPL;GOOG;V;MA;BRCM;NXPI From The Last 14 Days
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October 7, 2014
08:15 EDTAAPLApple leaks point to iPad Air 2 with Touch ID, gold color, Michael Report says
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08:03 EDTGOOGVonage announces appointment of Alan Masarek as CEO
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07:48 EDTGOOGU.S. Chamber of Commerce to hold a discussion
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06:14 EDTAAPLSamsung may find difficulty competing with TSMC for Apple chips, DigiTimes says
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06:11 EDTAAPLApple adjusts supply ratio for iPhone 6 and iPhone 6 Plus, DigiTimes reports
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06:09 EDTAAPLApple 12-inch tablet may integrate both Mac OS and iOS, DigiTimes reports
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06:07 EDTGOOGYouTube may still be interested in programming for kids, Re/code reports
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06:06 EDTAAPLApple reinstated with a Buy at BofA/Merrill
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06:02 EDTVVisa's CIO leaves company to join Charles Schwab, Re/code reports
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October 6, 2014
16:20 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory and appeared ready to ride the wave of optimism from Friday’s jobs report into the new week. However, with little on the economic calendar to sustain the momentum, each of the major equity indexes had given up their gains by noon. The Dow and S&P 500 made it back to flat late in the session, but weakened into the close to end the day slightly lower. The tech-heavy Nasdaq was the laggard throughout and ended the day with the most significant decline. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Hewlett-Packard (HPQ) climbed $1.67, or 4.74%, to $36.87 after it confirmed plans to split itself into two publicly traded companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." After the announcement, HP shares were upgraded to Outperform from Neutral at Credit Suisse, while analysts at Cantor called the split "a bold and smart move" that will give HP the financial flexibility needed to sell off one or both of the PC and printing businesses if an attractive offer emerges for either or both. MAJOR MOVERS: Among the notable gainers was Durata Therapeutics (DRTX), which surged $10.36, or 74.64%, to $24.24 after the company agreed to be acquired by larger drugmaker Actavis (ACT) for $23.00 per share in cash, or approximately $675M, and contingent value rights for additional cash payments of up to $5.00 per share if certain regulatory or commercial milestones related to Durata's lead product are achieved. Also higher was CareFusion (CFN), which jumped $10.58, or 22.92%, to $56.75 after agreeing to be acquired by Becton Dickinson (BDX) for $49 in cash and 0.0777 of a share of BD for each share of CareFusion, or about $12.2B. Becton Dickinson rose $9.14, or 7.89%, to $124.98 after its deal, while Actavis slipped $2.12, or 0.86%, to $243.95, after its own, much smaller purchase. GT Advanced Technologies (GTAT) plunged $10.22, or 92.46%, to 83c after the company announced that it and some of its units had commenced voluntary cases under chapter 11 of the bankruptcy code, which Raymond James believes implies a "fundamental, severe breakdown" of the company's relationship with Apple (AAPL). Also lower were shares of Sunesis (SNSS), which dropped $5.18, or 78.01%, to $1.46 and was downgraded at RBC Capital and Wells Fargo after a trial of a combination therapy for patients with first relapsed or refractory acute myeloid leukemia did not meet its primary endpoint. INDEXES: The Dow slid 17.78, or 0.1%, to 16,991.91, the Nasdaq fell 20.82, or 0.47%, to 4,454.80, and the S&P 500 slipped 3.08, or 0.16%, to 1,964.82.
16:00 EDTAAPLOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
14:01 EDTAAPLGT Advanced bankruptcy implies breakdown with Apple, says Raymond James
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11:41 EDTAAPLSolar companies sink after GT Advanced declares bankruptcy
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10:38 EDTAAPLApple's iPhone 6, 6 Plus to launch in India on October 17, Times of India says
Apple's iPhone 6 and iPhone 6 Plus will be available in India beginning Friday, October 17 through authorized resellers, the Times of India reports. Pre-orders for the devices start on October 7. The 16GB version o the iPhone 6 will be available at Rs 53,500, the 64GB version is priced at Rs 62,500 and the 128GB version of the phone will sell for Rs 71,500; the 16GB version of the iPhone 6 Plus will be available for Rs 62,500, while the 64GB version will cost Rs 71,500 and the 128GB version will sell for Rs 80,500. Reference Link
09:37 EDTAAPLActive equity options trading on open
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07:42 EDTAAPLSkyworks well positioned to benefit from iPhone upgrade cycle, says Canaccord
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07:34 EDTAAPLApple updates software to protect against iWorm bug, MacRumors reports
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07:16 EDTAAPLiOS 8 adoption appear slower than its predecessors, 9to5Mac reports
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06:25 EDTAAPLiPhone 6 chip orders to remain high in 1Q15, DigiTimes reports
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06:21 EDTGOOGMicrosoft 2015 solution may not help suppress Chromebook growth, DigiTimes says
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