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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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October 9, 2014
16:49 EDTGOOGOracle hires former director of engineering from Google, Re/code reports
Oracle (ORCL) hired Peter Magnusson, former director of engineering at Google (GOOG) and VP of engineering at Snapchat, two weeks ago in a move to improve its cloud computing business, Re/code reports, citing sources familiar with the move. Reference Link
14:37 EDTGOOGYahoo looking to make Tumblr another YouTube, Business Insider says
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14:28 EDTEBAYIcahn says Andreesen should be removed from eBay board
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09:38 EDTEBAYActive equity options trading on open
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06:29 EDTGOOGIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTGOOGGoogle's tax arrangement facing new challenge by France, WSJ reports
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October 8, 2014
16:26 EDTEBAYOn The Fly: Closing Wrap
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12:41 EDTEBAYeBay ChannelAdvisor data confirms company guidance, says Piper Jaffray
Piper Jaffray noted ChannelAdvisor reported eBay's same-store sales grew 8.9% in September, which confirms the company's reiterated guidance when it announced its planned PayPal spin-off. The firm maintains its Neutral rating on eBay.
09:48 EDTGOOGGoogle says new movies can be pre-ordered, watched on first day of availibility
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09:42 EDTEBAYeBay SSS rose 8.9% in September, Amazon SSS up 37.9%, ChannelAdvisor says
Amazon's (AMZN) September SSS rose 37.9%, a decrease compared to August's 45.1%, ChannelAdvisor reported. eBay's (EBAY) September came in at 8.9% up from August's 5.9%, but below the e-commerce growth rate. "This is the first up-tick in eBay SSS since June and indicates that eBay is recovering from the breach and Google issues," ChannelAdvisor stated. Reference Link
08:10 EDTEBAYeBay survey suggests upswing in growth, says RW Baird
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07:46 EDTGOOGcomScore well positioned for change, says Brean Capital
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October 7, 2014
13:45 EDTGOOGVringo says several important events scheduled for Q4
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13:33 EDTGOOGGoogle executive says Google+ here to stay, Re/code reports
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09:18 EDTGOOGRackspace partnership with Google positive for sentiment, says Wells Fargo
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09:03 EDTGOOGRackspace to offer managed IT services support for full Google Apps for Work
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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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06:07 EDTGOOGYouTube may still be interested in programming for kids, Re/code reports
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October 6, 2014
06:21 EDTGOOGMicrosoft 2015 solution may not help suppress Chromebook growth, DigiTimes says
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