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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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September 22, 2014
06:34 EDTGOOGGoogle selects HTC to make 9-inch Nexus tablet, WSJ reports
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September 19, 2014
10:12 EDTGOOGSony expected to launch SmartEyeglass by end of March, The Verge reports
Sony (SNE) is expected to launch SmartEyeglass, a competitor to Google Glass (GOOG), by the end of March, according to The Verge. Reference Link
06:43 EDTGOOGYouTube spending more money on original content, Re/code reports
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06:22 EDTGOOGGoogle planning to encrypt phone data in Android, Washington Post reports
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September 18, 2014
15:47 EDTGOOGHimax may be back in with Google, buy shares, says Northland
Northland said Google (GOOG) has finished testing the Samsung OLED displays and have determined they are not bright enough. The analyst believes Google will go back to Himax (HIMX). Google has the option to invest in HIMX by October 21, which the firm believes they will do if they go back to them for displays. Norhtland recommends buying shares aggressively into an expected strong September quarter.
15:44 EDTGOOGHimax may be back in with Google, says Northland
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13:57 EDTGOOGGoogle mulls new R&D unit focused on longer term projects, The Information says
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08:58 EDTGOOGGoogle October volatility flat on tight three-month price range
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07:26 EDTGOOGGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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07:18 EDTGOOGSupply chains expect component orders from Motorola through 2014, DigiTimes says
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September 17, 2014
17:48 EDTGOOGNews Corp opposed Google EC settlement offer
Early last week, in a letter to European Commissioner for Competition Joaquín Almunia, News Corp (NWS, NWSA) CEO Robert Thomson opposed Google’s (GOOG) settlement offer with the European Commission, or EC, saying the internet giant is “willing to exploit its dominant market position to stifle competition.” Thomson said News Corp also opposed the proposed five year term of a settlement, noting that “five years is an eternity in internet time.” Citing Google’s “egregious aggregation” of content, Mr. Thomson said that, along with serious commercial damage, there is a “profound social cost” to Google’s actions. “The internet should be a canvas for freedom of expression and for high quality content of enduring value. Undermining the basic business model of professional content creators will lead to a less informed, more vexatious level of dialogue in our society.” "Your decision to reconsider Google's settlement offer comes at a crucial moment in the history of the free flow of information and of a healthy media in Europe and beyond," Mr. Thomson wrote.
10:04 EDTGOOGDiscover rumored to be eyed as target by Apple, Bank Innovation says
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06:19 EDTGOOGGoogle picks former Qualcomm exec to head Google Fiber, WSJ reports
Google (GOOG) has hired Dennis Kish, a former Qualcomm (QCOM) executive, to head Google Fiber, replacing Milo Medin, the Wall Street Journal reports. A Google spokeswoman confirms that Medin remains a VP for access services and adviser to the Google Fiber team. Reference Link
September 16, 2014
16:27 EDTCHLOn The Fly: Closing Wrap
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12:18 EDTCHLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, with some attributing the move to noted Fed watcher Jon Hilsenrath of The Wall Street Journal giving the opinion that he does not believe the central bank will drop the language that interest rates will "remain low for an extended period of time" when it issues its latest policy statement tomorrow. The averages began the session in negative territory and appeared to be heading for another listless day of trading. The market drifted lower during the opening hour but the Dow and S&P crossed into positive ground and the Nasdaq eventually followed. ECONOMIC EVENTS: In the U.S., the Producer Price Index was unchanged in August, as expected. The core reading, which excludes food and energy, increased 0.1%, also matching expectations. Of note, the Fed's FOMC rate setting group kicked off its two-day policy meeting. COMPANY NEWS: Shares of Apple (AAPL) slid over 1% after Chinese-language 21st Century Business Herald reportedly said the company might not get the necessary approval to launch its new iPhone 6 models throughout China until next year after failing to come to an agreement with a regulator in the nation. Shares of China Mobile (CHL), which is buy far the largest phone carrier in China, slipped 2% after the report... Glimcher Realty Trust (GRT) surged 29% after it agreed to sell itself to fellow REIT Washington Prime Group (WPG) for $14.20 per share. Washington has agreed to buy Glimcher for about $4.3B in a cash and stock deal. Glimcher shareholders will receive $10.40 in cash and 0.1989 of a share of Washington stock upon the closing of the transaction, the companies stated. As part of the deal, Simon Property Group (SPG), which completed its separation of Washington Prime Group this May, agreed to buy two shopping malls owned by Glimcher for $1.09B in cash. Shares of fellow mall owning REITs CBL & Associates (CBL), Rouse Properties (RSE) and Pennsylvania REIT (PEI) rose following the deal announcement. MAJOR MOVERS: Among the notable gainers was Bill Barrett (BBG), which rose 12% after selling natural gas, oil and natural gas liquids assets in the Piceance Basin in Colorado for $525M to Vanguard Natural (VNR). Vanguard Natural also gained 1% following the deal announcement. Among the noteworthy losers was VirnetX (VHC), which plunged nearly 50% after an appeals court vacated a jury’s damages award in its patent case with Apple. Also lower were shares of Atlantic Power (AT), which dropped 32% after announcing that it concluded a sale or merger of the company is not in the best interests of the company or its stakeholders and the company cut its annual dividend. INDEXES: Near midday, the Dow was up 88.18, or 0.52%, to 17,119.32, the Nasdaq was up 16.11, or 0.36%, to 4,535.01, and the S&P 500 was up 11.94, or 0.6%, to 1,996.07.
10:52 EDTCHL, CHAApple, China Mobile trade lower as iPhone 6 unlikely to debut in China this year
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10:52 EDTGOOGGoogle's Nexus 9 tablet may arrive on October 8, PhoneArena.com says
Google's Nexus 9 tablet may be unveiled on October 8, reports PhoneArena.com, citing a Portuguese report from 4G News. According to the source, the Nexus 9 will feature a Tegra K1 processor and may come equipped with 3GB of RAM rather than the previously rumored 4GB. Reference Link
09:25 EDTCHAOn The Fly: Pre-market Movers
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09:13 EDTCHL, CHAApple may need to wait until 2015 to launch iPhone 6 in China, Bloomberg says
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06:16 EDTGOOGGoogle called on by Berlin to disclose search engine formula, FT reports
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