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Stock Market & Financial Investment News

News Breaks
September 27, 2012
06:11 EDTTOSBF, FB, NOK, GRPN, CRARY, ZNGAOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The declining share prices of Facebook (FB), Zynga (ZNGA) and Groupon (GRPN) are causing some investors to pull back from Web start-ups. Venture capitalists are now asking tougher questions about their revenue and profits. As a result, some entrepreneurs are finding that it's taking longer to raise cash, and some are resetting their expectations over valuations, the Wall Street Journal reports...Toshiba (TOSBF) expects its share of the computer hard-drive market to about double over the next few years as more PC makers start using so-called "hybrid" hard drives that can improve laptop performance without adding much to price tags, the Wall Street Journal reports...REUTERS: Euro zone economic sentiment again fell sharply in September, underlining the economic gloom brought on by the sovereign debt crisis as the euro zone falls into a recession. The EC’s monthly economic sentiment survey showed the index for the 17 countries sharing the euro dropped to 85 points from 86.1 in August, Reuters reports...Talks to sell Credit Agricole's (CRARY) Greek bank Emporiki are likely to be completed in the next few weeks, says the bank's CEO Jean-Paul Chifflet, adding that the purchase price could be a symbolic one euro depending on the amount of capital Credit Agricole has to put into the bank, Reuters reports...BLOOMBERG: Global mergers and acquisitions slumped this quarter to a level not seen since the aftermath of the financial crisis amid increasing concern the economic recovery is deteriorating. Companies have announced $446B of takeovers since June 30, the smallest amount since the third quarter of 2009, according to Bloomberg data. Acquisitions are on pace to drop 15% in 2012 to $2T, the lowest in three years, Bloomberg reports...As Nokia (NOK) depletes its cash during its prolonged turnaround effort--it’s consuming about $300M a month--investors are bracing for something that hasn’t happened in decades: no dividends, Bloomberg reports.
News For FB;ZNGA;GRPN;TOSBF;CRARY;NOK From The Last 14 Days
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June 19, 2013
18:55 EDTNOKOn The Fly: After Hours Movers
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16:22 EDTNOKNokia up as much as 4.4% after WSJ report company held talks with Microsoft
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16:12 EDTZNGAZynga acquires social slot maker Spooky Cool Labs
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16:11 EDTNOKMicrosoft, Nokia recently held talks on devices unit, WSJ reports
Microsoft (MSFT) and Nokia (NOK) recently held talks, though the talks have since faltered, regarding a deal for Microsoft to acquire Nokia's devices business, reports The Wall Street Journal, citing people familiar with the matter. The report cites a source that says the talks aren't likely to be revived. Reference Link
16:05 EDTNOKNokia up 2.8% after Dow Jones says company held talks with Microsoft on devices
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16:04 EDTNOKMicrosoft, Nokia talks on devices recently broke down, DJ reports
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16:02 EDTNOKMicrosoft, Nokia talks recently in advanced talks on devices business, DJ says
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10:38 EDTFBSamsung likely to reject idea of Facebook phone, Korea Herald says
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08:08 EDTFBMerkel tells Obama: Internet monitoring must have proper limits, Reuters reports
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07:54 EDTFBFacebook says over 1M active advertisers
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05:49 EDTNOKStocks with implied volatility movement; NOK MNKD
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June 18, 2013
15:01 EDTNOKNokia rallies sharply, falls back after negative comments from MKM Partners
The stock hit a high today of $4.12 on very heavy volume, approaching over 3 times the daily average. The catalyst for this move higher was an item in the FT that suggested Huawei could be a suitor for the company. MKM Partners came out calling the move up a selling opportunity, suggesting that the EU would likely block any such attempt. Huawei has since come out to say it has no plans to acquire the company, according to Bloomberg. Whether the stock will remain higher on the presumption someone may step forward as a suitor remains to be seen. Support is at the low of the day at $3.67. Resistance is at $4. On a technical basis the shares have been putting in a bullish rounding bottom over the last several months. Purely on a technical basis the stock looks to have upside to $4.62.
14:55 EDTNOKHuawei says has 'no plans to acquire' Nokia, Bloomberg reports
Bloomberg cites e-mailed statement from Huawei.
14:17 EDTFBSamsung may launch smartphone optimized for Facebook, Korea Times says
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14:07 EDTNOKNokia strength is a selling opportunity, says MKM Partners
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13:56 EDTTOSBFToshiba to cut costs in TV business by 10B yen, Nikkei reports
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12:54 EDTNOKNokia June and July 4 calls active on Huawei may consider buying
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12:51 EDTNOKBlackBerry up 4% after FT reports Huawei considering Nokia buy
12:43 EDTNOKNokia up as much as 7% following FT report Huawei could buy company
12:41 EDTNOKHuawei may consider buying Nokia, FT says
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