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Stock Market & Financial Investment News

News Breaks
January 18, 2013
12:20 EDTSTT, FB, MS, FNSR, PATH, AAPL, GE, COF, LIFE, INTCOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, as earnings reports and economic data did little to spur the markets. Shares of Intel (INTC), Apple (AAPL), and Facebook (FB) were all trading lower at midday, weighing on the Nasdaq, while the Dow and S&P sat a bit below the flat-line after both averages touched five-year highs during yesterday's trading... ECONOMIC EVENTS: In the U.S., the preliminary University of Michigan Consumer Confidence reading dropped to 71.3, versus an expected first look reading of 75.0 for January. In Asia, China's GDP grew 7.9% in the final quarter of the year. The late-year rebound led the nation's full year GDP to grow 7.8%, beating analyst consensus of 7.7% and the government's 7.5% target. Also, Japan's stock market surged on increased expectations that the government will take even more aggressive easing steps... COMPANY NEWS: General Electric (GE) reported earnings that were just above Street estimates and a record equipment and services backlog of $210B to end the year, sending shares up almost 3% at midday... Morgan Stanley (MS) also reported earnings that beat consensus estimates, and the company said expenses could decline by about $1.6B through 2014. Shares of Morgan Stanley were leading the financial sector at midday, up over 7.5%... Intel dropped 6.5% at midday after the company reported earnings last night that were generally in-line with Street estimates, though investor concerns over slowing sales and continued capital spending spurred a sell-off of shares... MAJOR MOVERS: Among the notable gainers was Life Technologies (LIFE), up about 10.6% as a number analysts said a takeover or leveraged buyout could be in the works for the company following a media report indicating talks are ongoing. Also higher were shares of NuPathe (PATH), up 8.2% after the company's migraine treatment Zecuity received FDA approval, and State Street (STT), up 5.9% after the company reported earnings that beat estimates and announced the elimination of 630 jobs worldwide. Among noteworthy losers were shares of Capital One Financial (COF), down 8.3% after Janney Capital downgraded shares to Neutral citing last night's disappointing Q4 results, and Finisar (FNSR), down 7.4% following a downgrade to Underperform at Jefferies... INDICES: Near noon, the Dow was down 21.64, or 0.16%, to 13,574.38; the Nasdaq was down 14.97, or 0.48%, to 3,121.03; and the S&P 500 was down 3.85, or 0.26%, to 1,477.09.
News For GE;MS;INTC;AAPL;FB;LIFE;PATH;STT;COF;FNSR From The Last 14 Days
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May 13, 2015
07:08 EDTGEOppenheimer to hold a conference
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07:03 EDTAAPLNext iPhone to feature 12 MP camera, be offered in rose gold, AppleInsider says
For its next iPhone 6 model, Apple will offer a new rose gold option, according to KGI Securities analyst Ming-Chi Kuo, who did not make clear whether the luxury model would be made of actual gold or if it will simply resemble the color of the high-end Apple Watch Edition, reported AppleInsider. Kuo also said Apple will upgrade the camera to 12 megapixels and suggested that some "Plus" models may use scratch-resistant sapphire covers, though that is dependent on success in testing, the report added. Reference Link
06:55 EDTAAPLInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
06:22 EDTFBFacebook introduces Instant Articles, says working with nine launch partners
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06:15 EDTGEEU restart probe of GE's planned acquisition of Alstom's power business, WSJ say
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05:55 EDTAAPLTSMC awarded orders for SSD controller chips for Apple, DigiTimes reports
TSMC (TSM) has landed SSD controller chip orders from Apple, reports DigiTimes. According to industry sources, TSMC will utilize a 28nm process to fabricate controller cihps for Apple. Reference Link
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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14:13 EDTMSBove says it may be time to buy bank stocks
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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.
12:04 EDTINTCIntel, eASIC collaborate on customized Intel-based solutions for the Cloud
Intel Corporation announced plans to develop integrated products with eASIC Corporation that combine processing performance and customizable hardware to meet the increasing demand for custom compute solutions for data centers and the “cloud.” The new parts will enable acceleration of up to two times that of a field programmable gate array for workloads like security and big data analytics while also speeding the time to market for custom application specific integrated circuit development by as much as 50 percent.
10:45 EDTGEAnalyst says Pall deal may spark more life sciences M&A
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09:51 EDTGEPall Corp. could be precursor to more Life Science deals, says Janney Capital
After The Wall Street Journal said Pall Corp. (PLL) is nearing a possible sale, naming Thermo Fisher (THO) and Danaher (DHR) as potential suitors, Janney Capital said it thinks dealmaking in the Life Sciences space won't stop with Pall, listing Repligen (RGEN), Bio-Techne (TECH) and VWR (VWR) as others in the industry that could see strategic bids emerge. The firm added that it expects that GE (GE), 3M (MMM), and private equity firms would also be involved in bidding in deals in the space.
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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07:51 EDTINTCDeutsche Bank to hold a conference
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07:48 EDTMSStandard & Poor's to hold a summit
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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
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