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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.
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July 15, 2014
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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10:00 EDTGOOGOn The Fly: Analyst Initiation Summary
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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.
07:24 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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07:15 EDTGOOGIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
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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06:15 EDTGOOGGoogle Fit may benefit remote medical care industry, DigiTimes Research says
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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
06:02 EDTGOOGSamsung, Nest, ARM team up for Thread wireless networking protocol
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05:44 EDTGOOGNovartis to license Google 'smart lens' technology
Novartis (NVS) announced that its eye care division Alcon has entered into an agreement with a division of Google (GOOG) to in-license its "smart lens" technology for all ocular medical uses. The agreement with Google[x], a team within Google that is devoted to finding new solutions to big global problems, provides Alcon with the opportunity to develop and commercialize Google's "smart lens" technology with the potential to transform eye care and further enhance Alcon's pipeline and global leadership in contact lenses and intraocular lenses. The transaction remains subject to anti-trust approvals. The agreement between Google and Alcon represents an important step for Novartis, across all of its divisions, to leverage technology to manage human diseases and conditions. Google's key advances in the miniaturization of electronics complement Novartis's deep pharmaceuticals and medical device expertise. Novartis aims to enhance the ways in which diseases are mapped within the body and ultimately prevented.
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