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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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July 15, 2014
10:46 EDTAAPLApple rumored to solve alleged battery problem in new iPhones, AppleInsider says
According to reports from Asia, Apple is rumored to have solved its issue with the construction of ultra-thin batteries for its next-generation iPhones, says AppleInsider. Apple is said to have enlisted a new manufacturing partner in Taiwan to craft the batteries, added AppleInsider. Reference Link
10:37 EDTCOptions with decreasing implied volatility
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10:33 EDTFBFacebook, Twitter slip following cautious valuation comments from Fed
Shares of a number of companies in the social media and biotech industries moved lower following the circulation of cautious comments about their stock valuations that were included in the Federal Reserve's latest Monetary Policy Report. WHAT'S NEW: In the report, presented by the Board of Governors of the Federal Reserve and signed on behalf of the governors by Chair Janet Yellen, the central bank wrote that some broad equity price indexes have increased to all-time highs in nominal terms since the end of 2013, but that valuation measures for the overall market in early July were "generally at levels not far above their historical averages." However, the Fed's report also cautioned that valuation metrics in some sectors do appear substantially "stretched," particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year. As support for its assessment, the Fed noted that ratios of prices to forward earnings for "smaller firms as well as social media and biotechnology firms" remain "high relative to historical norms." PRICE ACTION: Following the circulation of the comments in the Fed report, shares of Facebook (FB) are down 88c, or 1.3%, to $67.02, Twitter (TWTR) is down 24c, or 0.6%, to $38.07 and LinkedIn (LNKD), is down 21c, or 0.1%, to $159.57. Shares of some biotechnology companies including Celgene (CELG) and Amgen (AMGN) also ticked lower following the circulation of the comments from the Fed's report.
10:18 EDTFBFacebook, Twitter move lower following comments from Yellen
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09:40 EDTAAPLApple 'iWatch' said to debut in two sizes, three models, AppleInsider says
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09:38 EDTAAPL, FBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB JPM TSLA
09:31 EDTMSFTSenate Judiciary Committee to hold a hearing
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09:29 EDTMSFTMicrosoft in talks to buy cybersecurity start-up Aorato, WSJ says
Microsoft is in talks to buy Israel-based cybersecurity start-up Aorato in a deal worth around $200M, according to The Wall Street Journal, citing a person familiar with the matter who noted that the pact could close within the next two months. Reference Link
09:05 EDTMSFTMicrosoft price target raised to $50 from $45 at Nomura
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08:35 EDTMSFTCisco announces multi-year sales, go-to-market agreement with Microsoft
Cisco (CSCO) announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets. The companies will focus on integrating market leading technologies, including Cisco Unified Computing System, Cisco Nexus switching and Microsoft Cloud OS solutions including Windows Server, System Center, SQL Server and Microsoft Azure.
07:43 EDTCCitigroup successfully executing plan, says RBC Capital
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07:37 EDTCAmerican Enterprise Institute holds a discussion
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07:34 EDTCCitigroup shares cheap on valuation, says UBS
UBS views Citigroup shares as cheap and does not expect them to trade below tangible book value indefinitely. The firm sees earnings stabilization, better than expected trading results, strong loan growth, and valuation as reasons to maintain its Buy rating and raise its price target on Citigroup shares to $61 from $60.
07:24 EDTMSFTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
07:23 EDTFB, MSFTFortune to hold a conference
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06:43 EDTAAPLApple reportedly considering Carney for PR head position, Re/code reports
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06:24 EDTMSFTMicrosoft poised to make job reductions, Bloomberg says
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06:20 EDTAAPLBoy's rash linked to possible exposure to nickel found in iPad, WSJ reports
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06:13 EDTFBFacebook, Nielsen team up to track TV habits, LA Times reports
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06:06 EDTMSFTElectronic Arts names Ken Moss as Chief Technology Officer
Electronic Arts (EA) announced on its website that it has named Ken Moss as its Chief Technology Officer. As CTO, Ken will lead the organization, strategy and vision for EA’s Digital Platform and Information Technology divisions. Moss comes to EA most recently from eBay (EBAY), where he led the Marketplace Technology, Science and Data global organization. He is a 20-year veteran of Microsoft (MSFT), where he founded and led the engineering and product teams on Search -- which later became Bing -- and played an important role in Microsoft’s transition to large-scale services. Reference Link
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