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Stock Market & Financial Investment News

News Breaks
May 29, 2014
06:33 EDTGOOG, GMGM 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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March 19, 2015
06:42 EDTGOOGSafety standards for self-driving cars remain in flux, WSJ says
A 2012 California proposal to create safety standards for self-driving cars has yet to materialize because lawmakers, regulators, researchers, and government agencies do not know how to fully assess the technology, reports the Wall Street Journal. Google and other auto makers want to verify safety themselves, but law firm TroyGould and advocacy group Auto Reliability and Safety say third party testing is necessary, while a UC Berkeley transportation expert called the issue an "open question." The National Highway Traffic Safety Administration plans to test the technology "as it emerges... to inform future federal regulation," while the California DMV stated last week it's working quickly but doesn't want to release a premature ruling. Reference Link
05:42 EDTGOOGeBay downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Gene Munster downgraded eBay (EBAY) to Underweight, the firm's sell-equivalent rating, saying competition from Google Wallet (GOOG), Apple Pay (AAPL), Facebook (FB) and Samsung will weigh on PayPal's valuation and market share over the next three years. Munster notes shares of eBay are up 12% since the beginning of February due to optimism around the PayPal spin-out. He cut his price target for shares to $49 from $55. The online marketplace and PayPal owner closed yesterday down $1.07 to $58.42.
March 18, 2015
08:37 EDTGMGeneral Motors says to change business model in Russia
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08:36 EDTGMGeneral Motors says to idle auto plant in St. Petersburg
08:04 EDTGOOGAmerican Enterprise Institute to hold a discussion
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06:04 EDTGOOGGoogle's initial drone design failed, company working on new drone, WSJ reports
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05:59 EDTGOOGGoogle sees self-driving car on market within five years, Re/code says
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05:55 EDTGOOGApple has small team working on augmented reality, says Piper Jaffray
Piper Jaffray analyst Gene Munster says that following talks with industry contacts, he believes Apple (AAPL) has a small team working and exploring the augmented reality space. Munster believes augmented reality has the potential to "be as profound a technology platform as the smartphone today," but admits broader consumer adoption is likely 10 years away. He views Apple's involvement in the space as an indication the company is preparing for the next evolution of computing. Munster has an Overweight rating on Apple with a $160 price target. He describes augmented reality as the "overlay of digital information on the physical world," with Google (GOOG) Glass given as an example.
05:43 EDTGOOGGoogle introduces new app approval process
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March 17, 2015
14:13 EDTGOOG, GMMorgan Stanley questions GM capital allocation plan
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09:27 EDTGOOGApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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09:07 EDTGOOGDISH's Sling TV launches on Xbox One
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09:05 EDTGOOGMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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08:05 EDTGMGeneral Motors coverage resumed with an Underweight at Morgan Stanley
Morgan Stanley reinstated General Motors with an Underweight and $28 price target. The firm believes GM's agreement to accelerate capital returns to investors is a popular short-term decision but raises questions longer-term by increasing both financial and strategic risks.
07:42 EDTGOOGBoeing may produce satellite for tech giants, Reuters says
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06:37 EDTGOOGAfter losing marketshare, Google now asks Firefox users to switch, BI says
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06:23 EDTGMGM employees to be deposed for class action case, NY Times says
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05:57 EDTGOOGChina vendors to ship 50M Androids with fingerprint sensors, DigiTimes reports
China vendors is expected to ship 50M Android (GOOG) smartphones with fingerprint sensors in 2015, reports DigiTimes. According to sources at Taiwan-based IC backend service companies, Android smartphone vendors have adopted sliding-type fingerprint sensors, which are more competitive in pricing compared to press-type sensors used by Apple (AAPL). Reference Link
March 16, 2015
14:13 EDTGOOGApple to offer Android users rebates to switch to iPhones, 9to5Mac says
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11:06 EDTGMGM ignition switch death claims rises to 67, WSJ says
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