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Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:54 EDTGOOG, EBAYeBay 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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March 19, 2015
06:55 EDTGOOGCertain news agencies form advertising alliance to rival Google, others, BI says
The Guardian, CNN International, The Financial Times , Reuters (TRI) and The Economist are forming an advertising alliance, called Pangaea, in hopes of rivaling Google (GOOG), Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD), reports Business Insider UK. The Financial Times is owned by Pearson (PSO), The Economist Group is 50% owned by Pearson via The Financial Times, and CNN is owned by Time Warner (TWX). Reference Link
06:42 EDTGOOGSafety standards for self-driving cars remain in flux, WSJ says
A 2012 California proposal to create safety standards for self-driving cars has yet to materialize because lawmakers, regulators, researchers, and government agencies do not know how to fully assess the technology, reports the Wall Street Journal. Google and other auto makers want to verify safety themselves, but law firm TroyGould and advocacy group Auto Reliability and Safety say third party testing is necessary, while a UC Berkeley transportation expert called the issue an "open question." The National Highway Traffic Safety Administration plans to test the technology "as it emerges... to inform future federal regulation," while the California DMV stated last week it's working quickly but doesn't want to release a premature ruling. Reference Link
05:42 EDTGOOG, EBAYeBay downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Gene Munster downgraded eBay (EBAY) to Underweight, the firm's sell-equivalent rating, saying competition from Google Wallet (GOOG), Apple Pay (AAPL), Facebook (FB) and Samsung will weigh on PayPal's valuation and market share over the next three years. Munster notes shares of eBay are up 12% since the beginning of February due to optimism around the PayPal spin-out. He cut his price target for shares to $49 from $55. The online marketplace and PayPal owner closed yesterday down $1.07 to $58.42.
March 18, 2015
11:24 EDTEBAYeBay falls after Facebook adds friend-to friend payment option
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08:04 EDTGOOGAmerican Enterprise Institute to hold a discussion
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06:04 EDTGOOGGoogle's initial drone design failed, company working on new drone, WSJ reports
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05:59 EDTGOOGGoogle sees self-driving car on market within five years, Re/code says
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05:55 EDTGOOGApple has small team working on augmented reality, says Piper Jaffray
Piper Jaffray analyst Gene Munster says that following talks with industry contacts, he believes Apple (AAPL) has a small team working and exploring the augmented reality space. Munster believes augmented reality has the potential to "be as profound a technology platform as the smartphone today," but admits broader consumer adoption is likely 10 years away. He views Apple's involvement in the space as an indication the company is preparing for the next evolution of computing. Munster has an Overweight rating on Apple with a $160 price target. He describes augmented reality as the "overlay of digital information on the physical world," with Google (GOOG) Glass given as an example.
05:43 EDTGOOGGoogle introduces new app approval process
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March 17, 2015
14:13 EDTGOOGMorgan Stanley questions GM capital allocation plan
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09:27 EDTGOOGApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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09:07 EDTGOOGDISH's Sling TV launches on Xbox One
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09:05 EDTGOOGMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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08:45 EDTEBAYeBay marketplaces GMV to accelerate in 2H15, says Bernstein
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07:42 EDTGOOGBoeing may produce satellite for tech giants, Reuters says
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07:01 EDTEBAYeBay launches Sotheby's live auctions experience
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06:42 EDTEBAYeBay to start selling Sotheby items today, NY Times says
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06:37 EDTGOOGAfter losing marketshare, Google now asks Firefox users to switch, BI says
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05:57 EDTGOOGChina vendors to ship 50M Androids with fingerprint sensors, DigiTimes reports
China vendors is expected to ship 50M Android (GOOG) smartphones with fingerprint sensors in 2015, reports DigiTimes. According to sources at Taiwan-based IC backend service companies, Android smartphone vendors have adopted sliding-type fingerprint sensors, which are more competitive in pricing compared to press-type sensors used by Apple (AAPL). Reference Link
March 16, 2015
14:13 EDTGOOGApple to offer Android users rebates to switch to iPhones, 9to5Mac says
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