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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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September 19, 2014
06:22 EDTAAPL, GOOGGoogle planning to encrypt phone data in Android, Washington Post reports
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September 18, 2014
16:00 EDTAAPLOptions Update; September 18, 2014
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15:47 EDTGOOGHimax may be back in with Google, buy shares, says Northland
Northland said Google (GOOG) has finished testing the Samsung OLED displays and have determined they are not bright enough. The analyst believes Google will go back to Himax (HIMX). Google has the option to invest in HIMX by October 21, which the firm believes they will do if they go back to them for displays. Norhtland recommends buying shares aggressively into an expected strong September quarter.
15:44 EDTGOOGHimax may be back in with Google, says Northland
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15:22 EDTBRCM, AAPLBroadcom appears to be WiFi chip provider for Apple Watch, Chipworks says
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14:31 EDTMACapital One said to bump Amex as Costco Canada card issuer, Bloomberg says
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14:14 EDTMACapital One said to replace American Express as Costco Canada card issuer
MasterCard said to be processor for new Costco Canada cards. Reported by Bloomberg.
13:57 EDTGOOGGoogle mulls new R&D unit focused on longer term projects, The Information says
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
08:58 EDTGOOGGoogle October volatility flat on tight three-month price range
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08:47 EDTEBAYeBay October volatility elevated into Alibaba IPO
eBay September call option implied volatility is at 33, October is at 31, November is at 27, January is at 27; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected IPO of Alibaba (BABA) on September 19.
08:46 EDTAAPLApple patent points to development of bone conducting EarPods, AppleInsider says
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07:29 EDTAAPLApple, U2 collaborate on digital format to up music-buying, Time says
Apple and U2 are collaborating on a new project to develop a digital music format which will increase music purchases and fairly compensate artists, reported Time. Reference Link
07:26 EDTAAPL, GOOGGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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07:18 EDTGOOGSupply chains expect component orders from Motorola through 2014, DigiTimes says
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06:55 EDTAAPLApple launches new iOS 8 phones with 'kill switch'
Attorney General Eric Schneiderman and San Francisco District Attorney George Gascon revealed that new iPhones sold with iOS 8 will include Apple’s theft deterrent system, Activation Lock, as a default setting. This marks the first time in the history of the smartphone industry that theft deterrent technology is available by default on new products. In addition to being standard on the new iPhone 6 and 6 Plus, newly-sold iPhones will also prompt users to upgrade to iOS 8. Additionally, the new operating system can also be installed on most previous models of iPhones. As co-chairs of the Secure Our Smartphone, or S.O.S. Initiative, Attorney General Schneiderman and District Attorney Gascon led the effort to call on the wireless industry to address the global rise in smartphone thefts. The ultimate goal of SOS is for every mobile device to have a “kill switch” on by default. A default solution is imperative because it ensures that the device will be worthless to thieves. Reference Link
06:40 EDTAAPLApple wants to sell 50M Apple Watches in 2015, DigiTimes reports
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06:27 EDTAAPLReport says one iPhone 6 Chinese license approved, Reuters says
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05:40 EDTAAPLApple says will never allow government access to servers
Apple launched a website dedicated to privacy with a message from its CEO Tim Cook. The message stated in part, "We don’t build a profile based on your email content or web browsing habits to sell to advertisers. We don’t ‘monetize’ the information you store on your iPhone or in iCloud. And we don’t read your email or your messages to get information to market to you. Our software and services are designed to make our devices better. Plain and simple...Finally, I want to be absolutely clear that we have never worked with any government agency from any country to create a backdoor in any of our products or services. We have also never allowed access to our servers. And we never will."
05:31 EDTVVisa to undertake assessment of stake in Monitise
Visa (V) and Monitise entered into an alliance agreement in 2009. At the same time, Visa began investing in Monitise. Given the maturation of Monitise as a company, Visa is considering its options with respect to the investment and has engaged J.P. Morgan Securities (JPM) to assist. Visa will also be lessening its dependence on external mobile development resources. In 2009, in conjunction with its commercial partnership, Visa invested in Monitise as a 14.4% owner of the company in order to provide capital support to a leader in the evolution of the mobile payments sector. Over time, Visa’s holdings have been reduced to its current 5.5% stake in the company. This reduction in ownership and associated influence is consistent with Visa’s investment practice to seed emerging players and, over time, taper that influence as the partner company grows. Under their agreement, Monitise will provide Visa with mobile platform development services through 2016. As both Visa and the payments industry evolve at a rapid pace, Visa intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources.
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