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Stock Market & Financial Investment News

News Breaks
August 22, 2014
16:20 EDTNSR, HPQ, KRFT, RAX, GMCROn The Fly: Closing Wrap
Stocks began the session in negative territory as investors hoped the market would extend its recent gains. The early weakness was attributed to reports that a Russian humanitarian convoy crossed the Ukraine border without permission, sparking concerns of a possible clash between the countries. The market had little else to focus on as the economic calendar was quiet. The averages moved in a narrow range throughout the session and was mixed most of the day, with the Nasdaq the leader and the Dow and S&P trailing behind. With the market on track for its best monthly performance since February, investors chose to play it cautious ahead of the weekend. ECONOMIC EVENTS: Federal Reserve Chair Janet Yellen gave a speech on labor markets in Jackson Hole, Wyoming. The speech was fairly neutral and very "two-handed" in terms of the policy course. She said there's no "simple recipe for appropriate policy." She indicated the economy is improving and the FOMC now is questioning the degree of slack in the economy, adding that assessing the latter has become more difficult. COMPANY NEWS: Keurig Green Mountain (GMCR) and Kraft Foods (KRFT) announced a multi-year licensing, manufacturing, and distribution agreement for Kraft’s branded coffees in Keurig portion pack formats compatible with Keurig consumer and commercial brewing systems in the U.S. Financial terms of the agreement were not disclosed. Green Mountan closed up over 13%. MAJOR MOVERS: Neustar (NSR) closed up more than 2% after Reuters reported the company was mulling a sale amid private equity interest... Rackspace (RAX) closed up 1.6% despite a Re/code report that Hewlett-Packard (HPQ) was not interested in acquiring the company. INDEXES: The Dow closed down 38.27, or 0.22%, to 17,001.22; the Nasdaq closed up 6.45, or 0.14%, to 4,538.55; and the S&P 500 closed down 3.96, or 0.2%, to 1,988.41.
News For GMCR;KRFT;NSR;RAX;HPQ From The Last 14 Days
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October 8, 2015
06:59 EDTHPQEMC, Dell deal could boost infrastructure valuations, says William Blair
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05:58 EDTHPQOptions expected to be active: EMC VMW IBM HPQ ORCL AA DB LL
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October 7, 2015
04:59 EDTHPQStocks with implied volatility movement; WFT HPQ
Stocks with implied volatility movement; Weatherford (WFT) 81, Hewlett-Packard (HPQ) 36 according to iVolatility.
October 6, 2015
13:06 EDTRAXAWS, Rackspace pact a sign of consolidation, says Piper Jaffray
Piper Jaffray analyst Gene Munster views the partnership between Amazon Web Services (AMZN) and Rackspace (RAX) as another sign that market offerings are consolidating. The cloud space is set to continue to consolidate toward key winners AWS, Azure and Google (GOOG), Munster tells investors in a research note. He views AWS as the key driver for Amazon shares and the rollout of SaaS products as the next major catalyst. The unit could be worth north of $100B, Munster estimates. He reiterates an Overweight rating on Amazon with a $650 price target.
09:18 EDTRAXRackspace announces agreement with Amazon Web Services
Rackspace (RAX) announces an agreement with Amazon Web Services (AMZN), under which Rackspace will offer "tools, expertise, application management, and operational support" to customers on the AWS Cloud. The core offering, Fanatical Support for AWS, plus three additional beta offerings -- Managed Security for AWS, Compliance Assistance for AWS, and Managed Cloud for Adobe Experience Manager -- reflect Rackspace's "strategy of delivering best in class expertise and support for the world's leading technologies and platforms," it stated. Rackspace also has become an Amazon Web Services authorized reseller, completed the audit to become a Managed Services Partner, and is joining the AWS Partner Network at the Advanced Consulting Partner level with over 100 certified AWS engineers.
October 2, 2015
09:13 EDTGMCROn The Fly: Pre-market Movers
HIGHER: Wynn Resorts (WYNN), up 6.7% after reports indicate Chinese government may enact new policies to support Macau's economy. Shares of fellow Macau casino operators Las Vegas Sands (LVS) and MGM Resorts (MGM) are also higher in pre-market trading. UP AFTER EARNINGS: Micron (MU), up 3.3%... CalAmp (CAMP), up 9%. DOWN AFTER EARNINGS: Progress Software (PRGS), down 14.5%. ALSO LOWER: Valeant (VRX), down 4.5% after being downgraded to Equal Weight from Overweight at Morgan Stanley... Keurig Green Mountain (GMCR), down 3.4% after disclosing that its president of U.S. sales and marketing resigned... AIG (AIG), down 3% after being downgraded to Market Perform from Outperform at FBR Capital... Gilead (GILD), down 2% following a downgrade to Equal Weight at Morgan Stanley.
October 1, 2015
19:23 EDTGMCROn The Fly: After Hours Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 9%... Micron Technology (MU), up 7%. ALSO HIGHER: bebe stores (BEBE), up 12.7% after reaffirming its first quarter guidance and announcing that its September Same Store Sales turned positive... Coherus Biosciences (CHRS), up 7.5% after CHS-1701 PK/PD study met primary PD endpoints... Nordstrom (JWN), up 3.6% after announcing a special cash dividend and additional $1B repurchase program. DOWN AFTER EARNINGS: Progress Software (PRGS), down 15.7%. ALSO LOWER: Keurig Green Mountain (GMCR), down 3.1% after disclosing the that president of U.S. sales and marketing, John Whoriskey, resigned... T-Mobile (TMUS), down 1.4% after Experian (EXPGY) disclosed a data breach affecting T-Mobile customers... XenoPort (XNPT), down 5.2% after announcing that the company will discontinue the development of XP23829.
17:14 EDTGMCRKeurig Green Mountain discloses departure of president of U.S. sales, marketing
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11:15 EDTHPQAutonomy's Mike Lynch sues HP for $150M in damages, Reuters reports
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07:48 EDTHPQHP board approves separation
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September 30, 2015
15:39 EDTHPQHP announces transactions to retire up to $8.85B of debt securities
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10:49 EDTHPQWestern Digital surges on $3.78B investment from China's Unisplendour
Shares of Western Digital (WDC) surged in morning trading after the company said it Unisplendour will take a 15% stake in the U.S. data storage company. WHAT'S NEW: Western Digital and Unisplendour, a unit of China's Tsinghua Holdings, said they entered into a pact under which a Unis subsidiary will invest $3.78B in Western Digital, the companies said. Under the terms of the agreement, Unis will buy the shares at $92.50 each. Unisplendour will own 15% of Western Digital's outstanding shares after the purchase, and have the right to nominate one representative to Western Digital's board of directors, a right that terminates if Unis' ownership falls below 10%. Unis also agreed not to sell any of its Western Digital shares for five years. WHAT'S NOTABLE: In July, the Wall Street Journal reported that Tsinghua Unigroup, which is majority-owned Tsinghua Holdings, offered to buy Micron Technology (MU) for $23B. After several talks and meetings over the matter, Reuters reported on August 28 that Zhao Weiguo, chairman of Tsinghua Unigroup, met with Micron in an attempt to revive takeover talks, but a deal did not come to fruition. Tsinghua Holdings chairman Jinghong Xu said that his company was open to a partnership with Micron if an acquisition deal could not be reached, dealReporter said. Separately, in May, Hewlett-Packard (HPQ) announced that it would sell a 51% stake in its H3C business to Unisplendour for roughly $2.3B. PRICE ACTION: In morning trading, Western Digital shares are up 16.06% to $79.91. OTHERS TO WATCH: Micron, which reports quarterly earnings on Thursday, is up 5.25% to $15.10, HP is up 2.56% to $25.28, SanDisk (SNDK) is up 9.2% to $53.63, Intel (INTC) is up 3.56% to $30.28, and Seagate (STX) is up 5.5% to $44.10.
09:25 EDTHPQJefferies more positive on EMC, more negative on IBM
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06:14 EDTRAXRackspace expected to partner with Amazon, WSJ reports
Rackspace Hosting (RAX) is expected to partner with Amazon (AMZN) to make it easier for corporate customers to move computing operations to Amazon Web Services from their own facilities, The Wall Street Journal reports. According to two sources, the partnership, which is similar to an agreement Rackspace signed with Microsoft (MSFT) in July, will be announced at a conference for AWS users next week. Reference Link
September 29, 2015
09:03 EDTHPQHP updates entry-level workstation
HP (HPQ) announced the HP Z240 Tower and Z240 SFF Workstations with next generation Intel (INTC) processors and HP Z Turbo Drive options, raising the bar for entry-level workstations, while providing the reliability of a workstation at the price point of a desktop PC. The Z240 is the latest update to the world's No. 1 ranked entry-level workstation, the HP Z230. As HP's most affordable workstation, the Z240 is ideal for customers in the video editing, MCAD/AEC, education, public sector and image viewing industries.
07:28 EDTGMCRKeurig CEO: Kold machine to drive long-term growth, Reuters reports
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September 28, 2015
16:10 EDTHPQHP initiated with a Neutral at Sterne Agee CRT
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September 25, 2015
18:19 EDTHPQFormer HP Chairman Ray Lane tried to stop Autonomy acquisition, WSJ says
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09:04 EDTHPQHP management to meet with JPMorgan
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September 24, 2015
09:36 EDTHPQGabelli continues to believe Stratasys is a strategic fit for Hewlett-Packard
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