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Stock Market & Financial Investment News

News Breaks
March 27, 2014
11:42 EDTGME, MSFT, SNEGameStop says sales of new consoles expected to remain strong in Q1
Regarding video game business, says sees industry with "tremendous" growth potential ahead. Says expects growth cycle to follow historical pattern. Says will continue to face strong box, online competitors in the pre-owned space. Sees FY sales growth in each of its categories. Sees FY14 CapEx about $160M, says will invest in remodels in 2014. Says sees opening 300-400 stores among its three brands this year through new store openings or acquisitions. Sees FY14 free cash flow $450M-$500M. Says shutting down Spawn Labs due to lack of demand from customers. Says "Titanfall" was well received, with four times more pre-orders on Xbox One (MSFT) than Xobx 360. Says greater than expected supply of Xbox One, PS4 (SNE) caused decline in older generation hardware. Comments made on the Q4 earnings conference call.
News For GME;MSFT;SNE From The Last 14 Days
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September 10, 2014
11:38 EDTGMEGameStop achieved high share of Destiny sales, says BofA/Merrill
Activision (ATVI) announced that it sold more than $500M of Destiny on its first day, making it the biggest new video game franchise launch in history. BofA/Merrill believes GameStop (GME) had a very high share of Destiny sales and expects further clarity in the coming months. The analyst continues to believe GameStop is leveraged to momentum in the console cycle and believes competitive threats from full game downloads id overblown. Shares of GameStop are Buy rated with a $56 price target.
10:01 EDTSNEViacom and Sony reach internet distribution agreement
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08:51 EDTGMEGameStop volatility at low end of historic range
GameStop September call option implied volatility is at 31, November is at 33, January is at 36; compared to it 26-week average of 41 according to Track Data, suggesting decreasing price movement.
07:31 EDTGMEGameStop, Alliance Data announce branded private label credit card program
GameStop Corporation (GME) and Alliance Data Systems Corporation (ADS) announced the introduction of a GameStop-branded private label credit card program. Under the terms of the long-term agreement, Alliance Dataís Retail Services business, which manages more than 135 private label and co-brand credit programs, will deliver a customized loyalty-driven private label credit program designed to further enrich GameStopís relationship with its more than 28 million members of the successful PowerUp Rewards loyalty program. The new GameStop PowerUp Rewards Credit Card will provide cardholders with convenience and benefits exclusive to account holders, including being able to make purchases with the card in-store and online, promotional financing for larger purchases, online and mobile platform card management and payment services, as well as no annual fee and exclusive offers for savings throughout the year. Upon the opening of an account, PowerUp Rewards Pro members will receive a one-time award of 15,000 bonus points, and PowerUp Rewards Basic members will receive a one-time award of 5,000 bonus points.
07:23 EDTMSFTMicrosoft coverage assumed with a Buy at MKM Partners
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September 9, 2014
18:38 EDTMSFTMicrosoft in serious talks to acquire Mojang AB for more than $2B, WSJ says
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07:28 EDTMSFTThe Money Event, Inc to hold a conference
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06:54 EDTMSFTChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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06:37 EDTMSFTMicrosoft begins rolling out 'Delve' to Office 365 business customers
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September 8, 2014
09:40 EDTMSFTActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
07:34 EDTMSFTU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
06:37 EDTMSFTBaidu hires Microsoft's Zhang Yaqin, WSJ reports
Baidu (BIDU) has hired Zhang Yaqin, a top Microsoft (MSFT) executive in China, to become its president for new business,t he Wall Street Journal reports. Zhang was Microsoft's VP and chairman of its Asian-Pacific research and development group. Reference Link
06:21 EDTMSFTSmartwatch market to reach $10B by 2018, says Citigroup
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06:08 EDTMSFTMicrosoft gives MSN.com a facelift, Re/code reports
Microsoft has given MSN.com a major facelift a year after MSN was merged with Bing Apps, Re/code reports. The updated MSN will still feature news, sports and cars, but will also include interactive content involving food and fitness. MSN is expected to be fully rolled out by the end of the month, and optimized MSN apps for iOS and Android could be released by the end of hte year. Reference Link
September 5, 2014
06:33 EDTMSFTMicrosoft, competitors aim to halt Google EU agreement, Reuters says
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September 4, 2014
13:56 EDTMSFTGetty Images files lawsuit against Microsoft over photo tool, Reuters reports
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06:30 EDTMSFTIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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September 3, 2014
07:18 EDTSNETime Warner pursues Sony exec for Turner post, NY Post says
Time Warner's (TWX) Turner Broadcasting is pursuing Sony Pictures TV (SNE) executive Zack Van Amburg to become the unit's new entertainment chief after the departure of Steve Koonin, said the New York Post, citing sources. Reference Link
September 2, 2014
12:42 EDTMSFTMicrosoft to launch Xbox One in 28 more countries this month
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06:34 EDTMSFTMicrosoft reduces Surface chassis suppliers, DigiTimes reports
Microsoft has reduced the number of chassis suppliers for its Surface tablets and outsourcing all the orders to Ju Teng, reports DigiTimes. According to sources from the upstream supply chain, Microsoft stopped placing chassis orders with its China-based supplier in August and may adopt a similar strategy for other components. Reference Link
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