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Stock Market & Financial Investment News

News Breaks
March 13, 2013
06:34 EDTGOOG, MSFT, AMZNGoogle looking to become cloud computing player, NY Times says
Google (GOOG) is accelerating its hiring of engineers who work on cloud computing as the company looks to rent its data storage capacity to other businesses, according to The New York Times. The move will add another front to Google's competition with Amazon.com (AMZN) and Microsoft 9MSFt), the newspaper stated. Reference Link
News For GOOG;AMZN;MSFT From The Last 14 Days
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May 20, 2013
09:40 EDTGOOGActive equity option families trading
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08:40 EDTMSFTBarnes & Noble could rise above $30 a share, Barron's says
Barnes & Noble (BKS) shares are up about 15% since TechCrunch said Microsoft (MSFT) may pay $1B for its Nook e-reader business but the stock may have another 50% upside to $30 per share based on Barnes & Noble's asset value, contended Barron's in a report this weekend. Barron's, however, called the situation "admittedly tough to assess" because neither Microsoft nor B&N will comment on the purchase rumor. The Fly notes Barnes & Noble shares are up 4% to $20.80 in pre-market trading. Reference Link
07:53 EDTGOOGGoogle ex-employee claims evidence of U.K. tax evasion, FT says
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07:42 EDTMSFTCohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22.
07:32 EDTMSFTSociety for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24.
May 19, 2013
18:59 EDTMSFTCisco looks the best out of tech comeback stocks, Barron's says
Cisco (CSCO), Intel (INTC), and Microsoft (MSFT) stocks have jumped this month, however, Intel and Microsoft's revenue growth declined, due to their reliance on the PC market, providing Cisco with an opportunity to pull ahead in the technology sector, Barron's contends in its Technology Trader column. Cisco looks moderately priced, the paper adds. Reference Link
14:49 EDTMSFTMicrosoft set to unveil new Xbox amid stiff competition, Reuters says
Facing stiff competition from Sony's (SNE) PlayStation 4 and the Wii U by Nintendo (NTDOY), Microsoft (MSFT) is set to unveil its new Xbox game console, says Reuters. Reference Link
May 17, 2013
16:00 EDTGOOGOptions Update; May 17, 2013
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14:03 EDTGOOGMarket set to finish week with gains after Cisco results, comments
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10:17 EDTMSFTMicrosoft continues its quiet stealth rally, levels to watch
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09:38 EDTGOOGGoogle rises following price target bump, levels to watch
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09:37 EDTGOOGActive equity option families trading on open
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08:53 EDTGOOGGoogle price target raised to $1,065 from $875 at Argus
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08:29 EDTMSFTJPMorgan's business and information services analyst holds a conference call
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07:10 EDTGOOG, AMZNU.K. to question Amazon over income tax, Reuters reports
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06:43 EDTAMZNApple disputing government's e-book allegations, NY Times says
Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link
06:36 EDTGOOGGoogle to add new apps to Google Glass, NY Times says
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06:12 EDTAMZNApple losing its edge as innovator, poll shows, Bloomberg reports
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06:06 EDTAMZNOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports.
May 16, 2013
18:42 EDTGOOGGoogle sent letter by Congress over Glass privacy issues, WSJ reports
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