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Stock Market & Financial Investment News

News Breaks
December 19, 2012
18:55 EDTM, FB, GPS, JWNFacebook testing 'Collections' feature with retailers, AllThingsD reports
Facebook (FB) is testing a feature called "Collections" with retailers, including Nordstrom (JWN), Old Navy (GPS), and Macy's (M), that allows users to "like, want and add" pictures of products to a favorite list similar to Pinterest, according to an AllThingsD report. Reference Link
News For FB;JWN;GPS;M From The Last 14 Days
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June 16, 2015
12:23 EDTGPSGap CEO says 'very bullish' on Banana Republic
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12:15 EDTGPSGap CEO says 'hates' to close stores
Gap says "hates" to close stores but remaining fleet will be in the correct real estate. Comments from company Investor Day.
12:09 EDTGPSOn The Fly: Top stock stories at midday
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09:36 EDTFBActive equity options trading on open
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08:22 EDTGPSGap restructuring 'necessary and positive,' says FBR Capital
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07:51 EDTGPSGap volatility at 29 into announcing it will close about 175 stores
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06:56 EDTFBFacebook plans to build EUR200M data center in Meath, TheJournal.ie reports
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06:31 EDTFBBelgian Privacy Commission adopts first recommendation of principle on Facebook
The Belgian Privacy Commission said in a statement that on May 13 it adopted a first recommendation of principle on Facebook. "It has observed that Facebook 'processes' the personal data of its members, users as well as of all internet users who come into contact with Facebook. Facebook does this secretively: no consent is asked for this 'tracking and tracing' and the use of cookies. No targeted information is provided. The available information is vague and authorizes just about anything. Following the introduction of new worldwide terms of use by Facebook, a number of European privacy commissions queried Facebook, which was particularly sparing with precise answers and also refused to comply with the request to postpone the entry into force of the new terms of use. Facebook did not accept that it was bound by the national privacy legislation of Belgium, the Netherlands and Germany. It rejected the competence of those countries' supervisory authorities for privacy. Facebook only accepts supervision by the Irish privacy commission and the application of Irish law.After months of unsuccessful correspondence and fruitlessly exchanging ideas, the Belgian Privacy Commission has now adopted a first recommendation. This document establishes first of all that the Belgian Privacy Commission is competent and that Belgian law also applies to Facebook, simply because any national supervisory authority is obliged to ensure privacy protection for its citizens. And Belgian law also applies because the Facebook Group has an actual establishment in Brussels, Belgium. At the request of the Belgian Privacy Commission the inter-university research center EMSOC/SPION conducted a detailed study into the way in which Facebook deals with its members' personal data. And that of citizens who do not use Facebook or who explicitly opted out of its service.The research results are disconcerting. Facebook disregards European and Belgian privacy legislation in several ways. In 10 chapters an equal amount of issues have been uncovered. It is the Belgian Privacy Commission's ambition to thoroughly look into these issues. Until today, the eighth chapter - 'tracking trough social plug-ins' - has been the focus of attention, because it does not only impact Facebook users but also virtually every Internet user in Belgium and Europe. Up to this day Facebook refuses to recognize the application of Belgian legislation nor the Belgian Privacy Commission. Until now it has always contested the findings of the EMSOC/SPION research report, but it has not provided concrete facts repudiating them. To the contrary: Facebook recognizes that errors, 'BUGS' have been uncovered." Reference Link
June 15, 2015
19:00 EDTGPSOn The Fly: After Hours Movers
HIGHER: Aerie Pharmaceuticals (AERI), up 41.2% after receiving clearance to change endpoint in Rhopressa trial... Gap (GPS), up 1.3% after announcing it will close about 175 stores in North America... Under Armour (UA), up marginally after board approves creating of non-voting Class C common stock. DOWN AFTER EARNINGS: Capstone Turbine (CPST), down 16.2%... Profire Energy (PFIE), down 12.3%. ALSO LOWER: Avalanche Biotechnologies (AAVL), down 39% following results of Phase 2a study of AVA-101... Tahoe Resources (TAHO), down 7.4% after filing to sell 58.1M shares owned by Goldcorp (GG)... Crossamerica Partners (CAPL), down 6.3% after filing to sell 4.6M common units for limited partners.
16:35 EDTGPSGap up 1.3% after announcing it will close about 175 stores in North America
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16:05 EDTGPSGap backs FY15 EPS view of $2.75-$2.80, consensus $2.77
Excluding the estimated pre-tax costs of $140M-$160M, or approximately 21c-24c per diluted share, the company is reaffirming its guidance for FY15 to be in the range of $2.75-$2.80. This guidance is provided to enhance visibility into the company’s expectations regarding its ongoing business excluding the Gap brand optimization effort.
16:03 EDTGPSGap sees annualized sales loss of about $300M associated with store closures
Gap estimates an annualized sales loss of approximately $300M associated with the store closures. Additionally, the company estimates one-time costs primarily associated with these actions to be in the range of approximately $140M-$160M, of which about $55M-$75M is non-cash. These costs are expected to be recognized primarily in the second quarter of fiscal year 2015 and include lease buyouts, asset impairments primarily related to the Gap fleet, inventory and fabric write-offs, and employee related costs associated with organizational changes. The company estimates annualized savings from these actions to be approximately $25M, beginning in 2016.
16:02 EDTGPSGap announces strategic initiatives, to close about 175 stores in North America
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16:01 EDTGPSGap announces strategic initiatives, to close about 175 stores in North America
16:00 EDTFBOptions Update; June 15, 2015
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13:07 EDTFBFacebook announces Moments standalone app
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12:26 EDTFBLegal action taken by Belgian privacy entity against Facebook, Reuters says
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11:51 EDTGPSGap to hold an Investor Day with a conference call hookup
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09:38 EDTFBActive equity options trading on open
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08:48 EDTFBFacebook poised to benefit from Internet ad growth, says RBC Capital
RBC Capital says that it "sees something of" a positive turning point in Internet advertising, driven by demand for video and mobile ads. The firm thinks that Facebook (FB) may be the biggest beneficiary of this trend. RBC finds the stock's valuation "highly attractive" and identifies Facebook as its second favorite large cap Internet stock behind Amazon (AMZN). RBC keeps a $105 price target and Outperform rating on Facebook.
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