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Stock Market & Financial Investment News

News Breaks
March 20, 2012
06:14 EDTGE, FB, BHP, CRM, ORCL, MSFTOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Moody's Investors Service said it may downgrade the credit ratings of GE (GE) and its finance unit, pointing to risks its lending arm could pose in another credit crisis, the Wall Street Journal reports...Facebook (FB) CEO Zuckerberg doesn't expect to play a hands-on role selling the social network's IPO to analysts, the Wall Street Journal reports...REUTERS: BHP Billiton (BHP) said it was seeing signs of "flattening" iron ore demand from China, though for now it was planning to expand production, Reuters reports...BLOOMBERG: A number of companies recently opted for a cloud provider like Salesforce (CRM) over Oracle (ORCL), evidence of shifting loyalties in the $113.8B business applications market, Bloomberg reports...Microsoft (MSFT) will finish work on Windows 8 in the summer, setting the stage for personal computers and tablets with the operating system to go on sale around October, sources say, Bloomberg reports.
News For GE;FB;BHP;CRM;ORCL;MSFT From The Last 14 Days
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May 14, 2013
15:36 EDTMSFTMicrosoft confirms Windows 8.1 update scheduled for June 26
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13:10 EDTBHPMosaic would resume potash expansion if BHP cancels Jansen project, Reuters says
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07:43 EDTCRMSalesforce.com June volatility flat into Q1 and outlook
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07:29 EDTBHPBofA/Merrill to host a conference
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07:27 EDTMSFTNokia introduces Lumia 925 with metal body, PureView camera
Nokia (NOK) introduced the Nokia Lumia 925, which introduces a metal design and includes the most advanced lens technology and next generation imaging software for clearer, sharper pictures and video, including the best low light images. The Nokia Lumia 925 also introduces the new Nokia Smart Camera mode, coming as an update to all Lumia Windows Phone 8 smartphones. The Lumia 925 is being introduced into Europe with Vodafone (VOD), along with other operator and retail partners. In addition to Europe, the Nokia Lumia 925 will be introduced into the US by T-Mobile (TMUS) and into China by China Mobile (CHL) and China Unicom (CHU). Sales are expected to start in the U.K., Germany, Italy, Spain and China in June, followed by the U.S. and a number of other markets.
07:23 EDTGEOppenheimer to host a summit
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07:11 EDTGEChina XD in talks to purchase GE’s Prolec joint venture, Bloomberg reports
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06:09 EDTGEOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: North American oil production will dominate world-wide supply growth over the next five years, the International Energy Agency predicted today, the result of growing production from "fracking" and other technologies that access once-inaccessible reserves, the Wall Street Journal reports...REUTERS: Investors are becoming increasingly selective about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning, Reuters reports...State-run Air India Ltd will resume flying its Boeing (BA) 787 Dreamliner passenger jets tomorrow, nearly four months after the planes were grounded due to safety concerns. Air India has six Dreamliners and has ordered 21 more, Reuters reports...BLOOMBERG: China XD Group, a state-controlled power equipment maker, is in talks to buy GE’s (GE) joint venture with Mexico’s Xignux SA for about $1B, sources say, Bloomberg reports...Philadelphia Fed President Charles Plosser said today in Stockholm that a slowing in U.S. inflation to the lowest rate in more than three years doesn’t warrant a Fed policy response, Bloomberg reports.
06:07 EDTFBAT&T may drop HTC Facebook phone, Bloomberg reports
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05:53 EDTMSFT, FBWeb browsers are being reinvented, WSJ reports
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05:39 EDTBHPNew BHP CEO to significantly cut back capital expenditure, WSJ reports
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May 13, 2013
16:25 EDTMSFTOn The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77.
14:24 EDTMSFTBarnes & Noble tumbles after blog pans potential Nook deal
Shares of Barnes & Noble (BKS) are sinking after website Insider Monkey stated that Microsoft (MSFT) doesn't plan to buy the book retailer's NOOK Media unit in the near future. Last Thursday another website, TechCrunch, reported that Microsoft was considering acquiring NOOK Media, which includes NOOK devices and other digital businesses, for $1B. WHAT'S NEW: "Nothing imminent is happening" between Microsoft and NOOK, Insider Monkey quoted a "highly placed source" at Microsoft as saying. TechCrunch's story was "only a rumor," the unnamed source added, according to Insider Monkey. WHAT'S NOTABLE: Microsoft has already invested $300M in NOOK Media in exchange for a stake of about 17% in the unit. The New York Times last week quoted a source as saying that the TechCrunch story was based on valid documents, but that they appeared to be at least several weeks old. The book retailer's stock surged over 20% on Thursday after TechCrunch published its story. TODAY'S PRICE ACTION: In mid-afternoon trading, Barnes & noble fell $2.90, or 12.40%, to $20.40.
13:38 EDTMSFTMicrosoft, Barnes & Noble NOOK deal unlikely, InsiderMonkey says
A report by InsiderMonkey, citing a "highly placed source inside Microsoft (MSFT)," says reports last week that Microsoft may look to acquire buy Barnes & Noble's (BKS) NOOK Media assets were only a rumor, with the source adding that "[Microsoft] has no intention of acquiring the NOOK unit." Shares of Barnes & Noble, which had been flat for the session, are now sharply lower, down $2.86, or 12.17%, to $20.45. Reference Link
12:17 EDTFBFacebook's Waze deal hits snag, BGR reports
Facebook's acquisition of social navigation company Waze has hit some complications, said BGR, citing a report from the Israeli newspaper Calcalist. The main area of contention is Facebook's desire to close Waze’s Israel-based R&D center and transfer several employees to the U.S., the report said. Reference Link
07:31 EDTORCLBrightcover to host a conference
3rd Annual Brightcove PLAY Global Customer Conference is being held in Boston on May 13-15.
06:40 EDTFB Facebook Home not very popular so far, AllThingsD says
Less than 1M people have downloaded Facebook's (FB) new Android app, Facebook Home, since the app was released about a month ago, AllThingsD reported Friday afternoon, citing statements by the social network. As far as popularity is concerned, the app is "not exactly a home run," AllThingsD stated. On the other hand, it is only currently available for five devices that use Google's (GOOG) Android operating system, the website added. Reference Link
05:53 EDTMSFTU.K. game industry experiences a revival, WSJ reports
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May 12, 2013
13:44 EDTFBFacebook's general counsel leaving company, AllThingsD says
Facebook’s general counsel Ted Ullyot is leaving the company to take some time off. Ullyot will be leaving in July and the search for his replacement will include internal and external candidates, says AllThingsD. Reference Link
May 10, 2013
14:52 EDTORCLMarket poised to end week higher as tech helps lead advance
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