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Stock Market & Financial Investment News

News Breaks
January 31, 2013
11:05 EDTAAPL, FB, FIOLazard Capital bucks trend with upgrade of Fusion-io
Fusion-io (FIO), which develops flash data storage products, is tumbling after the company last night provided weaker than expected revenue guidance for its third quarter and fiscal year 2013. The huge scale of the transformation to flash storage can create lumpiness in customer deployments from quarter to quarter, Fusion-io explained. The company added that its sales to Apple (AAPL) tumbled 42% in the second quarter compared with the previous quarter. Moreover, Fuison-io stated that its sales to Apple should continue to slow for the next two quarters. Facebook's (FB) spending on Fusion-io's products will also slow over the next two quarters, the company warned. While Fusion-io said it remained upbeat about the outlook for its business, several analysts reacted to the companyís guidance by downgrading the stock. Analysts from JPMorgan, Credit Suisse and Piper Jaffray all downgraded the shares in notes to investors earlier today. On the other hand, Lazard Capital analyst Edward Parker upgraded the shares to Buy from Hold. Fusion-io maintains a significant lead over its competitors, and it still has pricing power, Parker believes. The company's new guidance adequately incorporates lumpiness in its business and the stock's valuation is now reasonable, wrote Parker, who put a $23 price target on the shares. In mid-morning trading, Fusion-io sank $3.04, or 15.12%, to $17.05.
News For FIO;AAPL;FB From The Last 14 Days
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May 12, 2015
16:01 EDTFB, AAPLOptions Update; May 12, 2015
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15:50 EDTAAPLSamsung releases next-gen smart watch details to developers, SamMobile says
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13:06 EDTAAPLVivendi says talking to Spotify about streaming, Bloomberg reports
Vivendi (VIVHY) said on its earnings conference call that is having discussions with Spotify regarding a streaming service, Bloomberg reports. Apple's (AAPL) streaming service may affect music sales and margins, Vivendi noted. Shares of Spotify competitor Pandora (P) are up 36c to $18.53 in afternoon trading.
09:38 EDTAAPLActive equity options trading on open
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08:31 EDTAAPLApple likely to launch TV video service this year, says Pacific Crest
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07:41 EDTAAPLApple CEO says holding talks about Apple Pay with Alibaba, Reuters reports
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07:00 EDTFBPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
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06:58 EDTAAPLApple examines new nano material touch panels, ETNews reports
Apple (AAPL) is planning to example nano new material on touch panels, reports ETNews. The company expects the new technology to raise sense of touch and decrease cost. According to unnamed sources, Apple requested AgnW touch-panel samples that is verified for mass-production from LG Display (LPL), Samsung Display (SSNLF), Japan Display and other suppliers. Reference Link
May 11, 2015
19:05 EDTFBFacebook tests in-house search engine, WSJ says
Facebook (FB) is testing a feature within its app that allows users to search for previously-shared links, reports the Wall Street Journal's Digits blog, citing spokesperson statements. "Weíre piloting a new way to add a link thatís been shared on Facebook," said a company spokesperson. The Journal notes that the feature could give Facebook an information edge over search engine leader Google (GOOG). Reference Link
16:00 EDTAAPL, FBOptions Update; May 11, 2015
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14:57 EDTAAPLUSPTO sides with Apple, says certain claims of VirnetX 'unpatentable'
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12:17 EDTAAPLApple mulls expansion of key Irish plant, Independent. ie says
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11:37 EDTAAPLApple expanding renewable energy projects in China
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11:24 EDTAAPLUBS says Apple Watch could become 'must-have' device, but not yet
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10:30 EDTFBFacebook management to meet with Pacific Crest
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09:56 EDTAAPLIDC: Apple leads smartphone vendors in China during Q1
IDCís latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year with 98.8M units shipped in the first quarter of 2015. This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. The study said Apple (AAPL) was the top smartphone vendor in China in the first quarter, with consumers still having a strong appetite for the larger screens on the iPhone 6 and iPhone 6 Plus. Xiaomi slipped to the second position as it faced strong competition from other vendors in the low to mid-range segment of the market, while Huawei maintained third position as it saw a good uptake in the mid-range segment. Samsung (SSNLF) and Lenovo (LNVGY) both led the market at least once last year, but rankings have since changed quickly, highlighting the volatility of consumers' brand preference in China. Reference Link
09:37 EDTAAPL, FBActive equity options trading on open
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08:41 EDTAAPLApple Watch may become 'must have' as interface to internet, says UBS
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06:44 EDTAAPLFiat Chrysler CEO met with Apple, Tesla CEOs, Reuters says
During a trip to California, Fiat Chrysler (FCAU) CEO Sergio Marchionne met with Apple (AAPL) CEO, Tim Cook, and Tesla (TSLA) CEO Elon Musk, reports Reuters, citing Marchionne. Marchionne also vowed that the company would make a stronger attempt in the luxury SUV market, Reuters adds. Reference Link
05:05 EDTAAPLApple announces environmental initiatives in China
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