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Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:54 EDTEBAY, GOOGeBay slips after analyst sees slowdown following breach, Google change
Shares of eBay (EBAY) are falling after research firm Robert W. Baird, in a note to investors earlier today, wrote that the company's growth had slowed in the latter half of May and warned that it might report weaker than expected second quarter results. WHAT'S NEW: After analyzing data from eBay's Marketplace business, Baird analyst Colin Sebastian wrote that the business' growth slowed to a single digit percentage level during the last two weeks of May, down from mid-teens growth during the early portion of the month. One or more "potentially undesirable" events likely caused the decline, Sebastian believes. Specifically, eBay reported a data breach on May 21 and on May 22 SearchEngineJournal reported that the company's visibility in Google (GOOG) searches had declined due to an update made by the search giant. Additionally, eBay's sales may have declined ahead of the Memorial Day holiday weekend, the analyst believes. Sebastian trimmed his price target on the stock to $63 from $65 but kept an Outperform rating on the shares. WHAT'S NOTABLE: On May 28, research firm Cantor predicted that eBay would be able to quickly address the reported decline in its organic search traffic caused by Google's changes. The firm viewed the situation as a cause for concern for eBay, but added that the e-commerce company only receives a small portion of its overall traffic from Google. It kept a $63 price target and Buy rating on the shares. PRICE ACTION: In late morning trading, eBay fell 1.5% to $49.82.
News For EBAY;GOOG From The Last 14 Days
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September 24, 2014
07:18 EDTGOOGEU antitrust head says Google must improve search settlement terms, WSJ reports
Joaquín Almunia, the outgoing head of the EU competition department, told European Parliament lawmakers that Google must improve its proposal to settle concerns over its search practices or that it will face formal antitrust charges, even though the commissioner has already acknowledged that a final decision on the case will now fall to his successor, reported The Wall Street Journal. Reference Link
September 23, 2014
13:22 EDTEBAYBitPay, PayPal announce bitcoin integration
BitPay announced a relationship with PayPal to further expand the adoption of bitcoin. The first joint project is an integration with PayPal’s Payments Hub, which is PayPal’s alternative payment platform for digital goods. The integration with PayPal’s Payments Hub is now completed and ready for merchants in North America to enable. Merchants using Payments Hub can create a BitPay merchant account and provide the API credentials into the Payments Hub admin. Customers with a bitcoin wallet will then be able to pay with bitcoin for games, music, videos, news, ebooks, and other digital content.
07:07 EDTGOOGGoogle planning to build data center in Netherlands, Bloomberg reports
Google will spend over EUR 600M over the next four years to build a data center in the Netherlands, Bloomberg reports. Google will employ about 150 permanent workers at the Eemshaven hub once the job is completed. Reference Linkp
06:56 EDTGOOGGoogle exec to manage Snapchat PR, policy, Re/code says
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06:20 EDTGOOGAlmunia: Google must improve EU settlement or will face charges, WSJ says
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06:00 EDTGOOGFacebook expected to launch new advertising platform, WSJ reports
This week, Facebook (FB) will introduce Atlas, a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reports, citing people familiar with the matter. Atlas is a re-engineered version of the Atlas Advertiser Suite Facebook acquired in 2013 from Microsoft (MSFT). Facebook is looking to challenge Google (GOOG) in the online ad space. Reference Link
September 22, 2014
12:14 EDTGOOGTel Aviv in negotiations with Waze to relieve traffic jams, Globes reports
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06:35 EDTGOOGGoogle hurt by new Chinese Internet cracckdown, NY Times says
New restrictions that China has placed on the Internet is making it more difficult for the country's citizens to use the search giant's services, according to The New York Times. Reference Link
06:34 EDTGOOGGoogle selects HTC to make 9-inch Nexus tablet, WSJ reports
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September 19, 2014
10:59 EDTEBAYSamsung working with PayPal for mobile payments on smartwatch, Gigaom says
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10:12 EDTGOOGSony expected to launch SmartEyeglass by end of March, The Verge reports
Sony (SNE) is expected to launch SmartEyeglass, a competitor to Google Glass (GOOG), by the end of March, according to The Verge. Reference Link
06:43 EDTGOOGYouTube spending more money on original content, Re/code reports
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06:22 EDTGOOGGoogle planning to encrypt phone data in Android, Washington Post reports
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September 18, 2014
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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13:57 EDTGOOGGoogle mulls new R&D unit focused on longer term projects, The Information says
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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.
07:26 EDTGOOGGartner: 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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