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Stock Market & Financial Investment News

News Breaks
May 29, 2014
06:33 EDTGM, GOOGGM exec feels Google might be 'serious threat,' Bloomberg says
GM's (GM) product development chief Mark Reuss feels that Google (GOOG) might become a “serious competitive threat” to the car industry if it continues to pursue its self-driving vehicles, according to Bloomberg, citing comments from Reuss. The executive said that GM isn't in a race with the tech giant to produce driverless cars, even though the company is developing its own autonomous vehicle technology. Reference Link
News For GM;GOOG From The Last 14 Days
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August 11, 2014
07:19 EDTGOOGGoogle settles suit over drug ads, to spend $250M on changes, Re/code says
Google has agreed to spend at least $50M a year for at least five years on an internal effort to make content about prescription drug abuse more visible and work with legitimate pharmacies to counter marketing by non-U.S. drug sellers as part of settlement to end shareholder lawsuits over accusations the company improperly allowed certain drug ads, reported Re/code, citing legal documents. Reference Link
06:38 EDTGMGM's ignition switch fund receives 63 death case claims, AP reports
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06:23 EDTGOOGGoogle testing "Listen Now" music ads, WSJ reports
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06:07 EDTGMGM's Lansing plant to halt Cadillac production temporarily, Detroit News reports
General Motors will halt Cadillac production at its Lansing Grand River Assembly Plant for three weeks, effective August 18, the Detroit News reports. According to sources, the halt is due to lower than expected demand for the cars. Reference Link
August 10, 2014
16:51 EDTGOOGCourt rejects $324M settlement in tech hiring conspiracy, NYT says
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August 9, 2014
15:40 EDTGMGM loses attempt to dismiss revived ignition-death lawsuit, Bloomberg says
A Georgia judge rejected General Motors' attempt to dismiss a revived lawsuit over the death of woman that precipitated the recall of 2.59M cars over faulty ignition switches, says Bloomberg. Reference Link
August 8, 2014
16:16 EDTGOOGU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
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14:09 EDTGMGeneral Motors announces 269K vehicle recall
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12:08 EDTGOOGUpcoming Google tablet may feature 8 MP rear camera, PhoneArena says
Google's upcoming Nexus 8 tablet will feature an 8 MP rear camera, a 64 bit Tegra processor, 4 GB of memory, and the Android L operating system, without any HTC Sense overlay, according to PhoneArena, which cited various leaks and comments from an IHS analyst. Reference Link U
06:47 EDTGMGM aims to unveil new Volt hybrid in six months, Reuters says
GM said that it plans to showcase its newest model of its Chevrolet Volt hybrid electric vehicle in six months, reported Reuters. Company officials did not explain details on the pricing or driving range of the 2016 model, but said the car will be revealed at the North American International Auto Show. Reference Link
06:37 EDTGOOGMotorola to be sales arm for Lenovo to increase global shipments, DigiTimes says
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06:01 EDTGOOGYahoo to strengthen email encryption for users, Mashable reports
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August 7, 2014
06:36 EDTGOOGGoogle, Barnes & Noble launching same-day book delivery service, NY Times says
Google (GOOG) and Barnes & Noble (BKS) today will begin allowing consumers in three cities to order books carried by Barnes & Noble stores and have them delivered to their homes on the same day, according to The New York Times. Users will order the books on Google Shopping Express, and the service will compete with Amazon, the newspaper stated. Reference Link
06:18 EDTGMGM issues recall for certain model year SAABs, Trailblazer EXTs, others
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06:13 EDTGOOGGoogle to boost encrypted websites in rankings
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August 6, 2014
15:39 EDTGOOGYouTube buys mobile-video startup Directr
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13:04 EDTGOOGGoogle acquires mobile messaging application Emu
Google has acquired Emu, Emu announced on its website. "As of August 25, we’ll be shutting down the Emu app. It will no longer be available in the App Store, and existing users won’t be able to send, receive, or download messages." Financial terms of the deal have not been disclosed. Reference Link
08:37 EDTGMGoldman Sachs to hold a field trip
Autos Field Trip travels to Detroit on August 6.
07:49 EDTGOOGcomScore price target raised to $44 from $40 at Brean Capital
Brean Capital raised its price target on comScore (SCOR) to $44 from $40 as they believe the company is well positioned for an acceleration in fundamentals. The firm expects its recent years of investment to impact their online business as the integration of Yahoo (YHOO) vCE is up and running and Google (GOOG) is expected to be completed by the end of Q3, leading to an acceleration of top line growth. Brean maintains its Buy rating on comScore.
06:17 EDTGOOGAlibaba courting Nokia employees on website, WSJ reports
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