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Stock Market & Financial Investment News

News Breaks
January 15, 2013
16:24 EDTFB, GOOG, MSFT, YELP, AAPL, DELL, EXPR, ENOC, CWTROn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with the Dow and S&P 500 gaining in the second half of the session to close in positive territory. Tech headlines dominated the day, as a Facebook (FB) event at 1 pm ET prompted heavy volume trading of shares of the social network. Aside from Facebook, volume was fairly light again ahead of earnings reports due tomorrow morning from a number of financial giants... ECONOMIC EVENTS: In the U.S., the January Empire State Manufacturing Survey from the New York Fed rose slightly to -7.78 from last month's -8.10 reading, but missed forecasts for a rise to 0.00. The Commerce Department said retail sales increased 0.5% in December, versus the expected increase of 0.2%. Producer prices fell 0.2% during last month, versus the expected decrease of 0.1%. Business inventories grew 0.3% in November, matching expectations... COMPANY NEWS: Facebook unveiled "Graph Search," which will be rolled out in a limited beta test beginning today. The search feature is designed to answer questions in a way particular to the user based on information in their own Facebook feed and those of their friends, but is a supplement, not a replacement, for traditional web searches like Google's (GOOG). In fact, Facebook announced that Microsoft's (MSFT) Bing is a partner in the new tool. Shares of Facebook slipped 85c, or 2.74%, to $30.10 on the day on trading volume nearly three times the stock's average... Apple's (AAPL) move below $500 garnered significant attention amid some conflicting analyst commentary. Research firm Nomura lowered its estimates and price target for Apple, while Sterne Agee, Jefferies and RW Baird all made positive comments and Apple closed down $15.83, or 3.15%, at $485.92... Dell (DELL) gained another 88c, or 7.16%, to $13.17 a day after rising on a Bloomberg report that said the company was in talks to go private. A Wall Street Journal report said TPG Capital and Silver Lake Partners are involved in a potential bid for Dell and Reuters added that talks with Silver Lake are in "advanced" stages. Analyst commentary on the possibility of a deal getting done was mixed, though Deutsche Bank said a deal could be done at $15-$16 per share while Jefferies said a deal could be done between $15-$17 per share... MAJOR MOVERS: Among the notable gainers were Express (EXPR), up $3.34 or 23.76%, to $17.40 after raising its Q4 and FY12 EPS views, and EnerNOC (ENOC), up $3.20, or 25.48%, to $15.76 following an EPA final ruling on emission control requirements for backup diesel generators. Among the noteworthy losers was Coldwater Creek (CWTR), down $1.13, or 22.60%, to $3.87 after lowering its Q4 EPS view. Also lower were shares of Yelp (YELP), down $1.36, or 6.19%, to $20.61 after Facebook announced its new Graph Search feature... INDICES: The Dow was up 27.57, or 0.20%, to 13,534.89; the Nasdaq was down 6.72, or 0.22%, to 3,110.78; and the S&P 500 was up 1.66, or 0.11%, to 1,472.34.
News For FB;GOOG;MSFT;YELP;AAPL;DELL;EXPR;ENOC;CWTR From The Last 14 Days
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October 9, 2014
08:53 EDTMSFT, AAPLAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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08:45 EDTAAPLIcahn says Apple should trade at $203 per share today
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08:42 EDTAAPLIcahn sees Apple launching UltraHD TV set in FY16
Carl Icahn stated in an open letter posted to his "Shareholder's Square Table" addressed to Apple CEO Tim Cook: "While Apple has not announced plans for a TV set and may never do so, we believe we have good enough reason to expect the introduction of an UltraHD TV set in FY 2016. We think television represents a large opportunity for Apple, one that reaches far beyond “the hobby” that Apple TV currently represents...As the home represents one compelling category for Apple, payments represents another...We estimate that, based upon Apple Pay’s rumored fee of 15 bps of all spend on credit and debit cards...and merchant deployment of NFC reaching 80%+ in 2017, Apple in the U.S. could generate revenues...of $2.5 billion in FY 2017 if it reaches 30% market share of all spend on U.S. credit and debit cards. The potential in the U.S. and internationally over a longer term is much larger."
08:41 EDTAAPLCooperman says Apple about 20% undervalued, still owns shares
Leon Cooperman of Omega Advisors is speaking on CNBC.
08:40 EDTAAPLIcahn calls Apple shares 'dramatically undervalued,' requests tender offer
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08:37 EDTAAPLIcahn calls Apple shares 'dramatically undervalued,' requests tender offer
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08:36 EDTAAPLIcahn requests Apple make tender offer for shares
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06:59 EDTFBFacebook has no imminent WhatsApp monetization goals, Reuters says
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06:52 EDTAAPLTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:48 EDTAAPLApple upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded its rating on Apple shares to Outperform saying the iPhone 6 will be the most successful phone launch to date "by far." Opco sees iPhone sales driving better than expected quarterly results into the first half of 2015 and believes Apple Pay and Apple Watch will keep investor interests high. The firm put a $115 price on shares. Apple closed yesterday up $2.05 to $100.80.
06:42 EDTMSFTMicrosoft CEO admits 'mistakes' with Windows 8, Business Insider reports
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06:41 EDTAAPLApple upgraded to Outperform from Perform at Oppenheimer
06:41 EDTMSFTMicrosoft initiated with a Market Perform at BMO Capital
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06:33 EDTAAPLCourt considers whether to pay Amazon workers for security checks, WSJ says
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06:31 EDTMSFTFiling says Sony to begin console packaging in China, Bloomberg says
A filing on the website of the China Pilot Free Trade Zone said that Sony (SNE) is aiming to begin packaging over 200K new video game consoles starting in December in China, according to Bloomberg, citing the filing which was verified as authentic by a spokesman for Sony Computer Entertainment. The company is looking to accumulate sales in the country as the end of a 14-year ban on the devices approaches. Microsoft (MSFT) already began selling Xbox Ones in China. Reference Link
06:30 EDTAAPLApple suppliers push back plans to produce larger iPad, WSJ reports
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06:29 EDTGOOG, AAPLIDC: 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 EDTAAPLMIC: Taiwan smartphone shipments surpasses 5.4M in Q3, DigiTimes says
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06:26 EDTAAPL, GOOGGoogle's tax arrangement facing new challenge by France, WSJ reports
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06:24 EDTMSFTMicrosoft rumored to cancel Surface tablet business, DigiTimes reports
Microsoft may be planning to cancel the Surface tablet business as it continues to see weak sales for its Surface Pro 3 tablet, reports DigiTimes. According to sources from the upstream supply chain, the first and second generation Surface tablets are estimated to have created losses of about $1.7B. Reference Link
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