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Stock Market & Financial Investment News

News For GOOG;DISH;T;VZ;SNE;PC;KBSTY;GE;SSNLF;AAPL;UAL From The Last 14 Days
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | all recent news | >>
February 24, 2015
06:49 EDTGOOGGoogle bans sexually explicit content from websites hosted on Blogger
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06:39 EDTGOOG, AAPLVisa Europe announces 'tokenisation service'
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06:34 EDTGOOGGoogle said to be rearranging engineers in Glass department, 9to5Google reports
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06:29 EDTAAPLApple hiring chip, battery experts from Samsung, Korea Times reports
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06:29 EDTUALCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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06:27 EDTAAPLApple said to buy music plug-in and effect makker Camel Audio, MacRumors says
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06:06 EDTAAPLApple's market cap hits nearly $775B, CNBC reports
Apple's (AAPL) market cap has reached nearly $775B after the stock closed at a record on Monday, up over 2.7% to $133, CNBC reports. Exxon Mobil (XOM) has a market cap of about $377B. Reference Link
05:59 EDTAAPLStocks with implied volatility movement; BBRY AAPL
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February 23, 2015
16:17 EDTUALBuckeye Partners reduces FY14 revenue by $40M due to settlement discussions
Buckeye Partners (BPL) announced revisions to its financial results for Q4 and FY14 due to a recent development. As has been previously disclosed, commencing in September 2012, Delta Air Lines (DAL), JetBlue (JBLU), United/Continental Air Lines (UAL), US Airways, and American Airlines (AAL) filed complaints with the Federal Energy Regulatory Commission challenging rates for transportation of jet fuel from New Jersey to three New York City area airports charged by Buckeye Pipe Line Company, an operating subsidiary of Buckeye. The Airlines are seeking payments for alleged past excessive charges and prospective tariff rate reductions. As the litigation has progressed, BPLC and the Airlines have continued to pursue settlement discussions. Due to positive developments in those settlement discussions subsequent to Buckeye's issuance of its 2014 earnings on Friday, February 6, Buckeye has recorded a reduction in revenue in the amount of $40M for the year ended December 31, 2014 in accordance with applicable accounting guidance regarding contingencies. This reduction in revenue is a one-time charge; therefore, Adjusted EBITDA and distributable cash flow for 2014 remain as reported on February 6th. The $40M is based upon a settlement offer made by BPLC to satisfy the claims for alleged past excessive charges through December 31, 2014, which offer has not been accepted by the Airlines. "While we continue to pursue settlement of this matter, we are not able to predict with certainty the final outcome of the proceeding, should it be carried through to its conclusion, or whether we can reach a satisfactory settlement and, if so, whether or not it will be on more or less favorable terms," the company said.
16:00 EDTAAPLOptions Update; February 23, 2015
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15:17 EDTAAPLAOL iTunes login pact with Apple ending soon, AppleInsider says
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13:10 EDTDISHDISH Chairman Ergen says not interested in owning TV content
Says re-assumed CEO role because other duties were taken care of.
12:38 EDTDISHDISH Chairman Ergen says prefers not to use equity to raise cash
Says Sling would not make it after potential Comcast/Time Warner Cable merger as the combined company would have a giant advantage in online TV. Says plans to continue as CEO unless, "I find someone better." Says short term battles over programming costs eventually pay off. Says Q1 adversely impacted by Fox, Turner blackouts. Says Sling TV results "encouraging after two weeks." Says Sony's OTT will include a full package of programs, and the company has less to lose by having no pay-TV service. Says more TV programmers worried about not being on Sling.
12:33 EDTGOOGAndroid antitrust lawsuit against Google dismissed, Reuters says
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12:28 EDTAAPL, VZ, T, GOOGGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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12:21 EDTAAPLOn The Fly: Midday Wrap
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12:18 EDTDISHDISH Chairman Ergen says will consider talks over spectrum
Says DISH Pay-TV is mature, Sling TV has upside potential. Says company has used most of cash on latest airwave aution. Says "comfortable" with current liquidity, it's not an issue. Says 600MHZ aution is key to leveling the playing field.
12:12 EDTAAPL, SSNLFReport: Apple may be targeting next-gen experts from Samsung, Apple Insider says
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12:10 EDTDISHDISH Chairman Ergen says auction gave company valuable downlink airwaves
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12:07 EDTGEEU opens probe in GE's proposed acquisition of Alstom's energy business
The European Commission has opened an in-depth investigation to assess whether General Electric's (GE) proposed acquisition of the Thermal Power, Renewable Power & Grid businesses of Alstom (ALSMY) is in line with the EU Merger Regulation. The Commissionís preliminary investigation indicates potential competition concerns in the market for heavy-duty gas turbines which are mainly used in gas-fired power plants. The transaction would bring together the activities of GE, the world's largest manufacturer of heavy-duty gas turbines, with those of Alstom, eliminating one of the three main global competitors to GE in this market. The opening of an in-depth inquiry does not prejudge the final result of the investigation. The Commission now has 90 working days, until 8 July, to take a final decision. Reference Link
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