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Stock Market & Financial Investment News

News Breaks
May 13, 2014
13:47 EDTSNE, EA, TTWO, MSFT, NTDOY, ATVI, GMEGameStop climbs after Microsoft announces cheaper Xbox
Shares of video game retailer GameStop (GME) are climbing after Microsoft (MSFT) announced that it will offer a cheaper version of its Xbox One video game console. GameStop and video game makers should benefit from the launch of the lower priced Xbox, research firm Robert W. Baird stated. WHAT'S NEW: Earlier today on its corporate blog, Microsoft announced that the company will offer a new version of Xbox One for as little as $399 beginning on June 9. Xbox One is now only available for $499. The cheaper version of the game console will not include Kinect, the company's motion and voice sensing system, Microsoft stated. ANALYST REACTION: In a note to investors earlier, Baird analyst Colin Sebastian predicted that video game sales would rise as a result of Microsoft's decision. Historically, price cuts on video game consoles have caused sales of both the consoles and video games to rise significantly, the analyst reported. GameStop should get a boost from this trend, while sales of Electronic Arts' (EA) Titanfall game could also get a lift from Microsoft's move, Sebastian believes. He kept a $50 price target and Outperform rating on GameStop. PRICE ACTION: In mid-afternoon trading, GameStop rose 2.25% to $37.65, Microsoft advanced 1.7% to $40.35, and Electronic Arts added 0.3% to $35.40. OTHERS TO WATCH: Other publicly traded video game makers include Activision Blizzard (ATVI) and Take-Two (TTWO). Sony (SNE) and Nintendo (NTDOY) offer console gaming systems that compete with Microsoft's Xbox One and Xbox 360.
News For GME;MSFT;EA;ATVI;TTWO;SNE;NTDOY From The Last 14 Days
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November 13, 2014
10:27 EDTTTWOHigh option volume stocks
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07:29 EDTMSFTMicrosoft to buy Aorato for about $200M, sources say, WSJ reports
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07:24 EDTGMEGameStop November volatility elevated into Q3 and outlook
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07:15 EDTGMEGameStop board authorizes $500M share repurchase program
GameStop said in a filing yesterday that on November 11, its Board of Directors approved a cash dividend to its stockholders. The quarterly dividend of 33c per share of Class A Common Stock will be paid on December 16, 2014 to stockholders of record on the close of business on November 25, 2014. Additionally, GameStop Corp. announced that its Board of Directors has authorized $500M of funds to be used in the company’s share repurchase plan. This new authorization replaces the $500M stock repurchase plan announced in November 2013, which had approximately $176.4M remaining at the time of the new authorization.
06:45 EDTSNE, MSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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06:17 EDTSNESony unveils PlayStation Vue, a cloud-based TV service
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06:04 EDTGMEStocks with implied volatility above IV index mean; GME LULU
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November 12, 2014
17:22 EDTMSFTMicrosoft says will have sold 10M Xbox One consoles 'shortly'
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14:42 EDTATVIActivision Blizzard management to meet with MKM Partners
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07:58 EDTMSFTMicrosoft to hold a conference
Developer Conference is being held in New York on November 12-13 with webcasted discussions will begin on November 12 at 10 am. Reference Link
07:48 EDTMSFTWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
05:57 EDTGMEStocks with implied volatility above IV index mean; GME LOCO
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November 11, 2014
12:09 EDTMSFTRackspace soars after Q3 results top estimates, $500M share buyback plan
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05:59 EDTMSFTMicrosoft unveils first Lumia smartphone without Nokia name
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05:56 EDTGMEStocks with implied volatility above IV index mean; GME ACHN
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November 10, 2014
16:40 EDTMSFTRackspace says joined Microsoft Cloud OS Network
Rackspace (RAX) said it expanded its Managed Private Cloud product portfolio and joined the Microsoft (MSFT) Cloud OS Network, adding Fanatical Support for the Microsoft Cloud Platform. It stated, "This includes expertise and support for Windows Server with Hyper-V, System Center and Azure Pack. The offering is now in general availability in all U.S. data centers providing customers with SLA-backed management across the underlying infrastructure, guest operating systems, and select applications including Microsoft Exchange, SharePoint and Lync."
15:57 EDTMSFT, ATVIWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
07:23 EDTMSFTRBC Capital to hold a conference
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07:05 EDTGMEGameStop November volatility elevated into Q3 and outlook
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