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Stock Market & Financial Investment News

News Breaks
March 28, 2014
17:13 EDTFB, C, MSFT, AAPL, VRTX, BIIB, ALXNMarket ends week mixed as Nasdaq continues to lag
Stocks on Wall Street finished the week mixed as the tech-heavy Nasdaq continued to lag the S&P 500 and Dow, while the situation in Ukraine appeared to impact trade in U.S. markets less than in previous weeks. MACRO NEWS: U.S. durable goods orders for February and weekly jobless claims beat expectations, while fourth quarter GDP, new home sales for February, and an index of consumer confidence were roughly in-line with expectations... The world continued to keep an eye on the situation in Ukraine, with Western leaders saying this week that they will look to intensify economic sanctions against Russia. However, for this week at least, the geopolitical situation did not seem to move markets as much as it had in recent weeks... Investors also continued to monitor the apparent the economic slowdown in China, with Manufacturing PMI data coming out of that country to start this week missing expectations. COMPANY NEWS: Facebook (FB) again made headlines for a major acquisition, with the social network on Tuesday night announcing it acquired virtual reality technology firm Oculus VR for about $2B in cash and stock. Shares of the social network, which have had a tough month amid broad weakness in the Nasdaq, finished the week down about 10% at $60.01... Citigroup (C) shares fell about 6% after the bank's 2014 capital plan was rejected by the Federal Reserve, which spurred downgrades from a number of analyst firms. Citigroup had been seeking to raise its dividend to 5c from 1c per share, as well as repurchase $6.4B of its common stock. The bank will be permitted to continue with its current capital actions through the first quarter of 2015, which include a 1c dividend and a $1.2B share repurchase program... New Microsoft (MSFT) CEO Satya Nadella made his first public appearance as the company's CEO, announcing the launch of its Microsoft Office suite for Apple's (AAPL) iPad at an event... A number of biotech stocks, including Vertex Pharmaceuticals (VRTX), down 8%, Biogen (BIIB), down 7.5%, and Alexion Pharmaceuticals (ALXN), down 6.5%, were notably weak as the sector, and the broader tech-heavy Nasdaq, continued to underperform. INDEXES: The Dow gained 0.1% to close at 16,323.06, the S&P 500 lost 0.5% to close at 1,857.62, and the Nasdaq fell 2.8% to close at 4,155.76.
News For FB;C;MSFT;AAPL;VRTX;BIIB;ALXN From The Last 14 Days
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August 10, 2014
16:51 EDTAAPLCourt rejects $324M settlement in tech hiring conspiracy, NYT says
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August 8, 2014
16:16 EDTAAPLU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
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16:00 EDTC, AAPLOptions Update; August 8, 2014
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09:37 EDTAAPLActive equity options trading on open
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08:42 EDTMSFTMicrosoft has made strong progress in cloud, says Pacific Crest
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08:32 EDTMSFTVMware, others could benefit from increased cloud adoption, says Pacific Crest
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07:31 EDTAAPLChina refutes report of Apple product procurement ban, Re/code reports
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07:18 EDTCRegulators direct banks to steer mortgage aid to hard-hit areas, FT says
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06:30 EDTCCitigroup, Accenture employ tech workers in Argentina, Bloomberg says
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August 7, 2014
16:00 EDTC, AAPLOptions Update; August 7, 2014
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15:33 EDTFBFacebook in talks with studios on content for Oculus Rift, The Information says
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10:51 EDTBIIBOptions with increasing implied volatility
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10:37 EDTFBPrivateCore to join Facebook
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10:24 EDTFBFacebook acquires security startup PrivateCore, VentureBeat reports
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09:36 EDTAAPLActive equity options trading on open
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08:23 EDTCL.A. suit against JPMorgan over mortgage lending dismissed, Reuters reports
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06:43 EDTAAPLApple poaches YSL's Catherine Monier, 9to5Mac reports
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06:33 EDTMSFTAnti-trust investigations in China reignite protectionism worries, Reuters says
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06:19 EDTAAPL, MSFTMicrosoft in talks to open Fifth Avenue store, Daily News reports
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06:02 EDTFBFacebook hires former BBM head Bocking to run Internet.org app, Re/code says
Facebook (FB) has hired Andrew Bocking to run its new Internet.org mobile app, reports Re/code. Bocking was previously head of BlackBerry Messenger (BBRY). Reference Link
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