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Stock Market & Financial Investment News

News Breaks
March 5, 2014
08:57 EDTOSTK, GOOG, CHK, BCS, VZ, AAPL, FB, GM, CAT, F, QIHU, YHOO, RVBD, MS, BBRY, DIS, EBAY, DISH, CBSOn the Fly: Periodicals Wrap
WSJ: EBay (EBAY) CEO says company stronger with PayPal...CBS's (CBS) Moonves: Dish (DISH) deal with Disney (DIS) doesn't go far enough...BlackBerry (BBRY) users in Southeast Asia say trouble with connections...Ford (F) expanding China R&D facility...REUTERS: Verizon (VZ) in talks to deliver web-based TV to mobile platforms...Morgan Stanley (MS) may sell Swiss private bank...Caterpillar (CAT) CEO says global economy fragile...BLOOMBERG: Barclays (BCS), others accused of manipulating London gold fix...Riverbed (RVBD) CEO says no ‘credible’ offers received...GM's (GM) China sales up 20% in February...OTHER NEWS: Chesapeake (CHK) weighing international acquisitions again, Upstream reports...Yahoo (YHOO) ceases Facebook (FB), Google (GOOG) sign-in on its web properties, Re/code reports... Qihoo (QIHU) says apps back on Apple's (AAPL) China app store, Marbridge Daily says... Overstock.com (OSTK) received more than $1M in bitcoin payments, Re/code reports... Apple is expected to end production of the 13-inch MacBook Pro in 2H14 and plans to replace it with thinner models with Retina display, DigiTimes says.
News For EBAY;CBS;DISH;DIS;BBRY;F;VZ;MS;CAT;BCS;RVBD;GM;CHK;YHOO;FB;GOOG;QIHU;AAPL;OSTK From The Last 14 Days
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February 22, 2015
17:11 EDTAAPLApple could reach $160 in a year, Barron's says
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15:11 EDTAAPLApple increases capabilities in industrial lithium-ion batteries, Reuters says
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14:20 EDTGMUAW chief says GM buyback proposal too much, premature, Reuters says
Dennis Williams, the president of the UAW, said that an investor group’s proposal that GM buy back $8B of its stock is premature, and the amount too high for the company’s long-term health, says Reuters. The UAW indirectly controls the largest single block of General Motors shares, added Reuters. Reference Link
13:03 EDTDISDisney raises prices at the Magic Kingdom, Orlando Sentinel says
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February 20, 2015
16:48 EDTAAPLDow, S&P 500 finish week at record highs after Greek deal reached
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16:03 EDTFB, AAPLOptions Update; February 20, 2015
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13:56 EDTDISH, VZAT&T VP critical of Dish auction tactics
AT&T (T) VP of Federal Regulatory Joan Marsh stated in a post to a corporate blog that FCC Auction 97 represents "hard evidence that there is significant continuing interest in licensed spectrum... It didn't matter that it was mid-band spectrum. It mattered only that it was broadband spectrum." Marsh notes that Dish (DISH) won more licenses than any other bidder though "none of that spectrum is currently supporting commercial wireless services," with her suggestion being that "auctions should be designed to ensure that licenses go to those willing to deploy networks – not speculators or stockpilers...The government should continue to place a high priority on allocating new licensed bands to the wireless industry." Marsh continues her analysis of Dish, claiming the double and triple-bidding activity carried out by its two designated entities "circumvented auction activity rules, masked actual demand and distorted the auction," as they were able to win significant allocations while enjoying a 25% small business discount. In response to Dish claims that all companies use DEs, Marsh replies that "in more recent auctions... bidders like AT&T, Verizon (VZ) and T-Mobile (TMUS) had no DE relationships, participated directly and paid full price for their licenses." Reference Link
11:02 EDTAAPLApple electric car could be 'iPhone of the Future,' says Cantor
Cantor Fitzgerald analyst Brian White says he believes an electric car from Apple has the potential to be the "iPhone of the Future." White, in a note to investors today, added that he doubts Apple's reach will stop there. He believes the personal robot category offers "great potential over the next decade and fits well with Apple's skill set." White thinks the reports of an electric car show innovation at the tech giant continues. He keeps a Buy rating Apple shares with a $160 price target. The stock is up 30c it morning trading to $128.71.
11:00 EDTAAPLApple electric car could be 'iPhone of the Future,' sys Cantor
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09:38 EDTFB, AAPLActive equity options trading on open
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09:02 EDTOSTKOverstock.com reports 34.9% increase in sales on Presidents' Day 2015
Overstock.com saw the largest Presidents' Day sales event in company history, with a 34.9% increase in sales over 2014 and an average order size increase of 11.4% on February 16. This increase was pushed, in part, by a jump in the online shopping site's mobile channel. Mobile visits were up 54% over last year, and a 30% increase in conversion helped lead to a 120% increase in mobile sales for the day.
08:11 EDTGMAlly CEO exploring subprime lending, sees loss of GM business, Detroit News says
Ally (ALLY) CEO Jeffrey Brown stated in a Thursday interview with The Detroit News that the company may return to offering credit cards and home mortgages, and currently plans to expand auto lending to subprime customers. The CEO said he expects to decide within 30-60 days whether Ally will consolidate its five locations to a single headquarters in the Detroit suburbs. Brown added that he expects GM (GM) to shift its $4.1B subsidized leasing program for Chevrolet from Ally to GM Financial, which the Ally CEO wants to offset by increasing subprime lending from 9% of total lending to 12%-15%. Reference Link
07:42 EDTGOOGFDA authorizes 23andMe to market genetic testing for Bloom Syndrome
The U.S. Food and Drug Administration yesterday authorized for marketing Google-backed 23andMe’s Bloom Syndrome carrier test, a direct-to-consumer genetic test to determine whether a healthy person has a variant in a gene that could lead to their offspring inheriting the serious disorder. Along with this authorization, the FDA is also classifying carrier screening tests as class II. In addition, the FDA intends to exempt these devices from FDA premarket review. The agency plans to issue a notice that announces the intent to exempt these tests and that provides a 30-day period for public comment.
07:04 EDTGMAlly CEO assuming company will lose all of GM's leasing business, Reuters says
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06:41 EDTAAPL, GMApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
06:22 EDTGOOGYouTube to release stand-alone app for kids, WSJ says
Google's YouTube is planning to release a smartphone and tablet app for kids featuring original episodes of television shows including "Thomas the Tank Engine" and "Sesame Street," as well as content from existing YouTube kids channels, reports the Wall Street Journal, citing a person familiar with the matter. The app -- slated for an official reveal Monday at the Kidscreen Summit -- will initially only be available for Android devices. The source said the inclusion of ads is "under discussion." Reference Link
06:20 EDTAAPLApple price target raised to $145 on increasingly bullish outlook at Goldman
Goldman raised Buy rated Apple's price target to $145 from $130 based on increased confidence in platform momentum, sustained iPhone growth, and the potential for the Apple Watch. The firm believes risk/reward is more balanced following the recent 20% upside move but sees further upside given the aforementioned factors and the near-term catalysts from the April watch launch, updates on capital allocation, and a likely March quarter beat.
06:06 EDTGMGeneral Motors names Craig Glidden as new general counsel
General Motors (GM) announced yesterday that Craig B. Glidden has been appointed executive VP and general counsel, effective March 1. Glidden will lead a team of staff attorneys who are integrated into all of GM’s regional and functional teams in more than 30 countries. Glidden succeeds Michael Millikin, who is retiring in July after a nearly four-decade legal career, including five years as GM’s general counsel. Before joining GM, Glidden was executive VP and chief legal officer for LyondellBasell Industries (LYB).
06:04 EDTCHKChesapeake March volatility elevated into Q4 and outlook
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05:21 EDTFBFacebook implied volatility of 25 at lower end of index mean range
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