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Stock Market & Financial Investment News

News Breaks
July 8, 2014
04:55 EDTGOOG, GOOG, GOOG, TXN, TXN, TXN, JBL, JBL, JBL, COWN, COWN, COWN, SF, SF, SF, CS, CS, CS, PLL, PLL, PLL, LMT, LMT, LMT, FSL, FSL, FSL, QCOM, QCOM, QCOM, MENT, MENT, MENT, MSFT, MSFT, MSFT, CSCO, CSCO, CSCO, IT, IT, ITSemiconductor Equipment & Materials International to hold a conference
SEMICON West to be held in San Francisco on July 8-10.
News For GOOG;CSCO;MSFT;MENT;QCOM;FSL;LMT;PLL;CS;SF;COWN;JBL;TXN;IT From The Last 14 Days
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January 26, 2016
07:04 EDTLMTLockheed Martin reports Q4 EPS $3.01, consensus $2.92
Reports Q4 revenue $12.9B vs. $12.5B last year. Fourth quarter 2015 net earnings included a special charge for workforce reductions of $67 million, which decreased net earnings $44 million, or $0.14 per share; and non-recoverable transaction costs of $45 million associated with the acquisition of Sikorsky Aircraft Corporation and the Corporation's strategic review of its government IT and technical services businesses, which decreased net earnings $28 million, or $0.09 per share. These costs were offset by the recognition of a full-year U.S. research and development tax credit resulting from the enactment of tax legislation in the fourth quarter of 2015, which increased net earnings $71 million, or $0.23 per share. Fourth quarter 2014 net earnings included a special charge for a non-cash goodwill impairment of $119 million, which decreased net earnings $107 million, or $0.33 per share, partially offset by the recognition of a full-year R&D tax credit due to the temporary reinstatement of the R&D tax credit in the fourth quarter of 2014, which increased earnings $45 million, or $0.14 per share.
07:03 EDTLMTLockheed Martin to separate and combine IT/tech service units with Leidos
Lockheed Martin (LMT) has entered into a definitive agreement to separate and combine its realigned Information Systems & Global Solutions business segment with Leidos (LDOS) in a tax-efficient Reverse Morris Trust transaction, unlocking $5 billion in estimated enterprise value for Lockheed Martin stockholders. The agreement aims to align IS&GS's business with an industry leader in government IT and technical services, creating an enterprise capable of providing unparalleled solutions in industries from national security to health and life sciences. Subject to regulatory approvals, the $5B transaction includes a $1.8B one-time special cash payment to Lockheed Martin, which the Corporation intends to use to repay debt, pay dividends, and/or repurchase its stock. The cash payment is subject to adjustment on the terms set forth in the transaction documents. Lockheed Martin stockholders will receive approximately 50.5% of the outstanding equity of Leidos on a fully diluted basis with an estimated value of $3.2B. Leidos' existing shareholders will continue to hold the remaining approximately 49.5% of the outstanding shares of Leidos. The transaction structure, which is subject to market conditions, is currently contemplated to be a tax-efficient split-off transaction, which would result in a decrease in Lockheed Martin share count. The transaction is also subject to Leidos shareholder approval and completion of customary conditions, including receipt of opinions of tax counsel. The transaction is expected to close in the third or fourth quarter of 2016. Until closing, IS&GS will continue to operate as a business segment of the Corporation.
07:02 EDTLMTLockheed Martin to separate and combine IT/tech service units with Leidos
06:29 EDTLMTPoland 'very likely' to cancel $3B Airbus deal, Reuters reports
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06:15 EDTGOOGGoogle tax avoidance deal reignites controversy, FT reports
The U.K. government is distancing itself from George Osborne's belief taht the tax deal with Google was "a major success," the Financial Times reports. Google's deal to pay GBP130M in back taxes to the U.K. government has brought back a controversy that made fixing tax avoidance the top priority three years ago, the report says. Prime Minister David Cameron's spokesman declines to repeat Osborne's claim that the deal was a "success" and a "victory," the report says. Reference Link
January 25, 2016
17:25 EDTMSFT, QCOMQualcomm Ventures chief heading to Microsoft, Fortune says
Qualcomm (QCOM) Ventures chief Nagraj Kashyap will join the venture capital division of Microsoft (MSFT), reports Fortune, citing a statement from Kashyap. Reference Link
16:00 EDTMSFTOptions Update; January 25, 2016
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15:59 EDTCSCOArista Networks files antitrust allegations against Cisco, WSJ says
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14:29 EDTLMTNotable companies reporting before tomorrow's open
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13:07 EDTLMTLockheed Martin volatility flat into Q4 and outlook
Lockheed Martin February call option implied volatility is at 23, March is at 22; compared to its 52-week range of 14 to 33, suggesting non-directional price movement into the expected release of Q4 results on January 26.
12:53 EDTGOOGVine head Jason Toff to leave Twitter to join Google
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10:44 EDTGOOGAmazon eyeing tighter software team-ups with Android makers, Information says
Amazon (AMZN) is eyeing ways to create tighter software partnerships with Android phone makers, the Information reports, citing people briefed on different aspects of the discussions. The company has had talks over working with phone brands at a "factory level" to integrate its services with devices in a more complex way than just preloading apps, the report says. Such moves would help Amazon gain traction of influence over Android smartphone software, owned by Google (GOOG), the report says. Reference Link
10:00 EDTITOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 8x8, Inc. (EGHT) initiated with a Buy at Summit Research... ARI Network (ARIS) initiated with an Outperform at Barrington... Alcobra (ADHD) initiated with an Outperform at Oppenheimer... CNO Financial (CNO) initiated with a Hold at Deutsche Bank... Expedia (EXPE) initiated with an Outperform at Wells Fargo... Gartner (IT) initiated with an Overweight at Atlantic Equities... MAG Silver (MVG) initiated with a Buy at Roth Capital... Mitek Systems (MITK) initiated with an Outperform at Northland... Priceline (PCLN) initiated with a Market Perform at Wells Fargo... QTS Realty Trust (QTS) initiated with a Buy at SunTrust... Seres Therapeutics (MCRB) initiated with a Buy at H.C. Wainwright.
09:32 EDTMSFTApple Active equity options trading on open
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09:01 EDTITGartner initiated with an Overweight at Atlantic Equities
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08:22 EDTMSFTMajesco and Microsoft announce favorable court judgment
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07:54 EDTGOOGAlphabet volatility up into Q4, costs, income projects outside of core business
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07:32 EDTCSCOTMC to hold a conference
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06:27 EDTGOOGGoogle's added transparency may make ad business seem more profitable, WSJ says
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06:09 EDTGOOGYouTube hires Broock as 'Global VR Evangelist,' Re/code reports
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