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Stock Market & Financial Investment News

News Breaks
August 11, 2014
18:00 EDTGOOG, CHL, KDDIF, SGAPY, CHA, NIPNFSix-company consortium to build new trans-pacific cable system
A consortium of six global companies announced that they have signed commercial agreements to build and operate a new trans-pacific cable system to be called “FASTER” with NEC Corporation (NIPNF) as the system supplier. The FASTER cable network will connect the U.S. to two landing locations in Japan. The total amount of investment for the FASTER system is estimated to be approximately $300M. The six-company consortium is comprised of China Mobile International (CHL), China Telecom Global (CHA), Global Transit, Google (GOOG), KDDI (KDDIF) and SingTel (SGAPY). Construction of FASTER will begin immediately and the system is targeted to be ready-for-service during 2Q16. Reference Link
News For GOOG;CHL;KDDIF;SGAPY;CHA;NIPNF From The Last 14 Days
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October 21, 2014
11:20 EDTGOOGData says open-source Android OS could threaten revenue, Information says
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07:26 EDTGOOGGoogle invests in enhanced reality visual-display start-up, WSJ reports
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07:07 EDTGOOGMecklerMedia to hold a conference
Inside 3D Printing Conference is being held in Santa Clara, California on October 21-23.
October 20, 2014
13:40 EDTGOOGVringo says Court of Appeals invites Google to respond to en banc petition
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09:36 EDTGOOGActive equity options trading on open
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09:31 EDTGOOGRobinhood.org to hold conference
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06:26 EDTCHL, CHAEU, China settle telecoms case at Joint Committee
Intensive discussions between the European Commission and the Chinese government were concluded by an amicable settlement on the trade defense investigation into Chinese telecoms. The Commission took the official decision that it no longer considers it necessary to pursue this investigation. Regarding telecoms, the main points of the settlement include tasking an independent body with the monitoring of the Chinese and EU telecoms networks markets, guaranteeing access to the relevant Chinese standard setting body for European companies without discrimination, equal treatment of companies bidding for publically funded research and development projects and the EU and China will also advance the work of the International Working Group on Export Credits, whose objective is to adopt sectorial and horizontal disciplines in the field. The talks culminated on October 18 at the EU-China Joint Committee. Some telecom companies in China include China Telecom (CHA), China Unicom (CHU) and China Mobile (CHL). Reference Link
06:22 EDTGOOGYouTube's Robert Kyncl considering leaving company, NY Post reports
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06:01 EDTGOOGGoogle's Hiroshi Lockheimer overseeing Android, Chrome engineering, WSJ says
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October 17, 2014
16:55 EDTGOOGStocks end volatile week lower amid oil price plunge
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09:38 EDTGOOGActive equity options trading on
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07:53 EDTGOOGFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to “take a step back, to pause to consider, I hope, a change of course,’’ and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
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07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
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07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
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06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:13 EDTGOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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