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Stock Market & Financial Investment News

News Breaks
January 15, 2013
16:24 EDTCWTR, DELL, MSFT, ENOC, AAPL, GOOG, EXPR, YELP, FBOn 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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July 14, 2015
14:22 EDTYELPYelp's June traffic better than expected, says Cowen
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13:18 EDTAAPLProbendi sues Apple over iWatch name, Bloomberg reports
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13:01 EDTGOOGFanDuel completes $275M funding round from KKR, Google Capital, Bloomberg says
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12:01 EDTEXPRVince Holding sinks to 52-week low after CEO resigns
Shares of Vince Holding (VNCE), a contemporary fashion brand, are sinking after the company announced the resignation of its Chief Executive Officer. WHAT'S NEW: Vince Holding announced yesterday that CEO Jill Granoff resigned from the company. Granoff, who advised the Board of her decision in advance, will remain CEO through a transition period, the company said. The company's Board of Directors plans to work with an executive search firm to identify potential CEO candidates. The company also announced that it has hired Livia Lee as its new senior vice president of Merchandising, reporting directly to Granoff in the interim and then her successor once appointed. Lee will join the company on July 20. WHAT'S NOTABLE: On June 25, Vince Holding Chief Financial Officer Lisa Klinger resigned. The company appointed Mark Brody, most recently Managing Director and Group CFO at Sun Capital Partners, as interim CFO. ANALYST REACTION: This morning, research firm William Blair downgraded Vince Holding to Market Perform from Outperform citing reduced visibility on company's long-term strategy following the resignation of CEO Jill Granoff and CFO Lisa Klinger. Despite the downgrade, William Blair did note that its store checks continue to suggest the brand remains healthy. The firm sees limited downside to numbers from these levels. PRICE ACTION: In late morning trading, Vince Holding fell $2.33, or about 19.5%, to $9.62 on more than four times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $9.46. Including today's pull back, the shares have lost approximately 72% over the past 12 months. OTHERS TO WATCH: Other contemporary fashion brands include Guess?, Inc. (GES), Ralph Lauren (RL) and Express, Inc. (EXPR).
11:26 EDTGOOGGoogle price target raised to $744 from $614 at B. Riley
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09:45 EDTMSFTRackspace preparing deal with Amazon Web Services, CRN reports
In addition to its deal announced yesterday with Microsoft (MSFT) Azure, Rackspace is preparing an alliance with Amazon (AMZN) Web Services, CRN reported last night, citing a source. Reference Link
09:35 EDTMSFT, AAPL, FBActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
09:06 EDTGOOGMerkle announces deal with Google to adopt DoubleClick's marketing solutions
Merkle, a data-driven, technology-enabled performance marketing agency, has reached an agreement with Google to adopt the full suite of DoubleClick’s marketing solutions. As part of the agreement, Merkle will be one of the first agencies to use DoubleClick’s cross-device measurement, which was unveiled by Google at the June 17 DoubleClick Leadership Summit.
08:56 EDTAAPLMorgan Stanley names 'Vintage Values 2016' list
Morgan Stanley named its "Vintage Values 2016" list, comprised of the firm's analysts' best ideas to hold over the next 12 months. Included on the list are Ameriprise (AMP), Apple (AAPL), Bank of America (BAC), Comcast (CMCSA), Crown Castle (CC), Estee Lauder (EL), Hilton (HLT), Ingersoll-Rand (IR), LinkedIn (LNKD), Magna (MGA), Marathon Oil (MRO), McKesson (MCK), Oaktree Capital (OAK), Thermo Fisher (TMO) and Visa (V).
08:19 EDTAAPLFBR Capital looks past 'speed bump' in Apple shares
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06:46 EDTFBFacebook Messenger to add 'Moneypenny' feature, The Information reports
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06:37 EDTAAPLApple progresses in TV app talks with networks, NY Post reports
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06:33 EDTYELPBlue Calypso completes hearing in case against Groupon and Yelp
Blue Calypso (BCYP) announced that on July 8, it completed its Claim Construction Hearing, or "Markman hearing" for its patent infringement lawsuits against Groupon (GRPN), Foursquare, Yelp (YELP) and IZEA in the Eastern District Court of Texas. Judge Rodney Gilstrap presided. As is typical in Markman hearings, no ruling was issued from the bench. It is anticipated that the District Court's ruling will be announced in the next several weeks. The PTAB review which successfully concluded in December required a similar process of defining the terms of the patents. While the District Court has the ability to take reference from the PTABs construction, they are not required to adopt the PTAB's definition.
06:30 EDTAAPLApple Pay launches in U.K., has technical problems, Reuters reports
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06:20 EDTGOOGQualcomm to work with Google-backed Thread Group, Re/code reports
Qualcomm (QCOM) said it is working with Thread Group, a Google (GOOG) backed effort to find ways for internet connected devices to communicate with one another, Re/code reports. Reference Link
06:15 EDTGOOGGoogle seeks ways to operate more efficiently, WSJ reports
Google is slowing down hiring and seeking ways to run more efficiently, the Wall Street Journal reports, citing sources familiar with the matter. New CFO Ruth Porat has been active in the company's cost-cutting measures, the report says, having started an internal audit examining costs, revenue, and accounting systems. Google is expected to offer an expenses update on Thursday when it reports its second quarter financial results, the report says. Reference Link
06:14 EDTFBFacebook's Instagram has 14M monthly active users in U.K., Business Insider says
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05:53 EDTAAPLSamsung expected to launch Galaxy Note 5 on August 14, DigiTimes reports
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05:53 EDTAAPLReport: Apple research center in Japan part of govt IT strategy, DigiTimes says
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05:53 EDTMSFTMicrosoft likely to revamp and focus on flagship smartphones, DigiTimes says
Microsoft will likely revamp its strategy for smartphones by focusing on high-end and business-use models, reports DigiTimes. According to sources at Taiwan's handset supply chain, the company's new roadmap is expected to call for the launch of 1-2 models for its high-end business and mid-range to entry-level family lineups. The company and most industry insiders are wondering whether the new Windows 10 OS will help ramp up significantly the share of Windows Phone-based smartphones in the global market. Reference Link
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