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Stock Market & Financial Investment News

News Breaks
June 30, 2014
16:22 EDTMU, MBI, KING, GLUU, GM, TWGPOn The Fly: Closing Wrap
Stocks on Wall Street were mixed with the Nasdaq the lone index to notch a gain for the session. Stocks began the session mixed and remained that way for most of the session, with the major averages trading in a narrow range. The volume was light, as is typical for a holiday shortened week. Investors are already on watch for the monthly jobs report, which will be released on Thursday before the market opens. ECONOMIC EVENTS: In the U.S., the Chicago ISM manufacturing index dipped more than expected to 62.6 in June from the seven-month high reading of 65.5 it hit last month. An index of pending home sales in May climbed 6.1%, soundly beating expectations and representing its biggest advance in more than four years. COMPANY NEWS: Shares of General Motors (GM) fell 32c, or 0.87%, to $36.30 after the company announced it will conduct six new safety recalls in the U.S. involving about 7.6M vehicles from the 1997 to 2014 model years. GM said it expects to take a charge of up to approximately $1.2B in the second quarter for the cost of recall-related repairs, which includes a previously disclosed $700M charge for recalls that have already been announced previously. The District Attorney of Orange County, California, filed a civil lawsuit against the carmaker, accusing it of endangering the public through deception regarding vehicle safety and reliability. Earlier in the day, compensation expert Ken Feinberg unveiled the awaited settlement plan to compensate victims in accidents involving GM recalled vehicles. Under the program, Feinberg will provide compensation ranging from $20,000 to several million dollars to anyone who can show they were hurt in a crash involving cars GM has recalled, with no limit, but a key condition is that the claimants show the vehicle's air bags didn't deploy in the crash. MAJOR MOVERS: Among the notable gainers was King Digital (KING), which rose $2.70, or 15.13%, to $20.55 after Cowen said in a note to investors that fears over competition in the mobile gaming space are overdone and kept its Outperform ratings on King and another stock in the space, Gluu Mobile (GLUU). Also higher was Micron (MU), which jumped $1.44, or 4.57%, to $32.95 after Credit Suisse added the stock to its Focus List, citing the company's diversification efforts and gross margin expansion opportunities. Among the noteworthy losers was Tower Group (TWGP), which dropped 23c, or 11.11%, to $1.80 after disclosing that representatives of ACP Re have suggested that an unwaived insolvency event has or may have occurred under the companies' merger agreement, though Tower said it does not believe that any such event has occurred. Also lower were shares of MBIA (MBI), which fell 45c, or 3.92%, to $11.04 after the stock was downgraded to Neutral from Buy at BTIG. INDEXES: The Dow fell 28.16, or 0.17%, to 16,823.68, the Nasdaq rose 10.25, or 0.23%, to 4,408.18, and the S&P 500 slipped 0.73, or 0.04%, to 1,960.23.
News For GM;KING;MU;GLUU;MBI;TWGP From The Last 14 Days
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July 22, 2015
17:33 EDTMUMicron advances by 2.33% after SanDisk Q2 results
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15:26 EDTGMNotable companies reporting before tomorrow's open
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15:02 EDTMUOptions Update; July 22, 2015
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14:50 EDTGMGeneral Motors technical comments ahead of earnings
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13:24 EDTGMEarnings Preview: General Motors down approximately 20% since Q1 report
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10:21 EDTMUTsinghua 'sounding out' Micron interest in deal, to make $23B bid, Nikkei says
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09:36 EDTGLUUGlu Mobile mentioned cautiously by TheStreetSweeper
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08:20 EDTGMGeneral Motors July weekly volatility elevated into Q2 and outlook
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07:18 EDTGMAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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05:55 EDTMUDRAMeXchange: DRAM prices to fall further, DigiTimes says
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July 21, 2015
10:04 EDTMUMicron spurning of Tsinghua a 'bargaining tactic,' blog author contends
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09:40 EDTGMJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
July 20, 2015
16:01 EDTMUOptions Update; July 20, 2015
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13:18 EDTMUOptions with increasing call volume
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13:10 EDTMUMicron calls Tsinghua takeover offer unrealistic, Reuters reports
Micron has told Tsinghua Unigroup that its $23B takeover offer is unrealistic due to U.S. national security concerns, reports Reuters, citing people familiar with the matter. Sources said Micron believes the Committee on Foreign Investment in the United States, a government task force which Reuters notes has the power to stop mergers that threaten national security, would not approve Tsinghua's proposed deal. Micron has not formally hired an investment bank because it is not seriously considering Tsinghua's offer, the sources added. Reference Link
12:58 EDTMUMicron does not think U.S. would approve deal with Tsinghua, Reuters reports
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12:16 EDTGMHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
10:17 EDTMUHigh option volume stocks
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09:34 EDTMUActive equity options trading on open
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06:43 EDTGMGM's Opel to cut production at two German factories, Reuters reports
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