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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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December 22, 2014
16:18 EDTUALPoints announces long-term agreement with United Airlines Mileage Plus
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16:02 EDTAAPLOptions Update; December 22, 2014
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15:50 EDTDISHDISH files reply in support of petitions to deny Comcast-Time Warner Cable deal
DISH Network (DISH) announced it has filed its reply at the FCC to Comcast (CMCSA) and Time Warner Cable’s (TWC) opposition to the petitions to deny the companies' proposed merger, citing irreparable harm to competition and consumers, and no discernible benefits, from the proposed union of the first and second largest cable companies in the U.S. Jeff Blum, SVP and deputy general counsel for DISH, said, “More than 54% of the country's high-speed broadband connections would be controlled by the combined company, and all online video distributors would be at the mercy of Comcast-TWC.”
09:38 EDTGE, AAPLActive equity options trading
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08:04 EDTAAPLRF Micro Devices,TriQuint price targets raised at Brean Capital
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07:29 EDTAAPLFitness band maker Fitbit plans IPO for next year, Bloomberg reports
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06:45 EDTTMexican regulator imposes conditions on AT&T acquisition, Reuters says
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06:43 EDTGOOGGoogle files lawsuit against Mississippi, WSJ says
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06:40 EDTSNESony could stream 'Interview' on Crackle, but no decision made yet, Re/code says
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06:28 EDTSSNLFSamsung to discontinue ChatON chat service, WSJ reports
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06:24 EDTGOOGGoogle seeking partners for autonomous-vehicle project, WSJ reports
Chris Urmson, the head of Google’s autonomous-vehicle project, told The Wall Street Journal that the company is looking for auto industry partners to bring its vision of a self-driving car to market within five years. In the meantime, Urmson said his team is working with automotive suppliers to build "beta one" prototype Google cars, which will begin on-road testing in 2015. Reference Link
06:22 EDTAAPLApple prepares for MacBook Air, Watch production, DigiTimes reports
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06:21 EDTAAPLBBC documentary accuses Apple of violating labor laws, WSJ reports
A BBC documentary has accused Apple suppliers of violating labor laws, reports the Wall Street Journal. In a documentary that aired this week, the BBC said undercover reporters found that Taiwan’s Pegatron, which makes some iPhones, was violating Apple’s guidelines by mandating overtime for workers, requiring workers to attend meetings without pay and forcing workers to live in overcrowded dormitories. The documentary also provided evidence that tin from illegal mines in Indonesia could be making its way into Apple’s supply chain. Reference Link
06:05 EDTAAPL7% of iPhone users intend to buy Apple Watch, says Piper Jaffray
Piper Jaffray says its most recent consumer survey indicates that 7% of iPhone users currently intend to purchase an Apple Watch, down from 8% in September. Piper believes consumers are taking a "wait-and-see" approach on the product. It expects Apple to highlight more functionality of the watch into the June quarter launch, which it believes could accelerate adoption. Piper reiterates an Overweight rating on Apple shares with a $135 price target. The tech giant closed Friday down 87c to $111.78.
December 21, 2014
18:57 EDTAAPL, SSNLF, GOOGChina's Xiaomi raises over $1B in latest funding round, WSJ says
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17:15 EDTSNEWarner Bros' ‘The Hobbit’ prevails at weekend box office, Bloomberg says
“The Hobbit: The Battle of the Five Armies,” from Warner Bros. (TWX) topped Sony's (SNE) remake of “Annie” and 21st Century Fox's (FOX, FOXA) The “Night of the Museum” this weekend, says Bloomberg. The action-fantasy from Warner Bros.brought in $56.2M in weekend sales, added Bloomberg. Reference Link
17:02 EDTDISHDISH, Comcast's SportsNet work out pact in regional dispute, Reuters says
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16:18 EDTSNEAlibaba's Ma showed interest in movie partnering with Sony, Bloomberg says
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13:40 EDTSNESony says other options for releasing 'The Interview' being considered, CNN says
Sony Entertainment CEO Michael Lynton, in an interview with CNN's Fareed Zakaria, said the company did not give in to the hackers as Sony does not own the movie theaters which determine whether or not a movie will be played, says CNN. Lynton added that other avenues of release for "The Interview" are being considered and that a release on the Internet may be an option, added CNN. Reference Link
12:02 EDTDISH21st Century Fox blacks out Fox News and Business for DISH
Tonight, 21st Century Fox (FOXA,FOX) blocked DISH (DISH) customer access to Fox News Channel and Fox Business Network, as the media conglomerate introduced other channels into negotiations despite those channels not being included in the contract up for renewal. DISH Network is a wholly owned subsidiary of DISH Network Corporation . “It’s like we’re about to close on a house and the realtor is trying to make us buy a new car as well,” said Warren Schlichting, DISH senior vice president of programming. “Fox blacked out two of its news channels, using them as leverage to triple rates on sports and entertainment channels that are not in this contract.” This service disruption comes despite DISH’s offer of a short-term contract extension that would preserve the channels as the two parties continue to negotiate. “DISH has had a productive relationship with Fox for many years,” added Schlichting. “We regret the service disruption to our customers, and remain committed to reaching an agreement that promptly returns this content to DISH’s programming lineup.”
December 19, 2014
16:01 EDTAAPLOptions Update; December 19, 2014
iPath S&P 500 VIX Short-Term Futures down 27c to 29.90. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX according to Track Data.
14:34 EDTAAPLApple February volatility increases to 29
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14:05 EDTSNEPresident Obama says Sony made 'mistake' in pulling movie
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14:02 EDTSNEPresident Obama says Sony decision to pull movie a 'mistake'
13:27 EDTTAT&T increases dividend 2.2% to 47c from 46c
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12:00 EDTSNEFBI says North Korea responsible for Sony Pictures hack
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10:58 EDTSNEU.S. places blame on N. Korea for Sony hack, Reuters reports
According to an unnamed U.S. official, North Korea was primarily responsible for the Sony hack, with a possible Chinese link, Reuters reports. The link may be either through collaboration with Chinese actors, or using China based servers to hide digital footprints, the report said. Reference Link
10:29 EDTGOOGHarman's threat from Google more than just smartphones, says Morgan Stanley
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09:37 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL TSLA BBRY AMZN CELG GILD JCP AMAT FB
09:28 EDTGOOGVringo updates on litigation with ZTE, Google
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08:03 EDTAAPLApple iPhone demand tracking ahead of estimates, says Morgan Stanley
Morgan Stanley's checks indicate Apple iPhone demand is 67M units for the December quarter, above its estimates of 62M units and consensus of 63M. The firm said demand is tracking in-line with supply chain build of 65-70M and expects a channel inventory fill to occur in the March quarter or beyond. Shares are Overweight rated with a $126 price target.
07:42 EDTGOOGEPAM, WisdomTree added to Franchise Pick list at Jefferies
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07:09 EDTAAPLBlackBerry announces Ocean Capital Investments migrates to BES12
BlackBerry (BBRY) announced that Ocean Capital Investments, and its subsidiaries, members of the Irving family of companies, are migrating to BES12: a cross-platform EMM solution by BlackBerry. Ocean Capital Investments will be deploying BES12 as a BlackBerry hosted cloud solution to manage BlackBerry and iOS devices, displacing their former mobile device management provider, MobileIron (MOBL). Ocean Capital Investments will replace the majority of their Apple (AAPL) iOS devices with BlackBerry's best-in-class QWERTY keyboard smartphones, BlackBerry Passport and the newly launched BlackBerry Classic.
07:06 EDTGOOGBlackBerry expands support for cross-platform EMM solution for Android Lollipop
BlackBerry announced that BES12: a cross-platform EMM solution includes support for Android 5.0 Lollipop. BES12 support for Android Lollipop was made available to customers in early November. The capability underscores BlackBerry's commitment to unparalleled security in managing devices from multiple platforms in the enterprise, and further demonstrates the breadth of BES12 functionality.
06:41 EDTSNESony unable to find outlet for film as relationships damaged, NY Times reports
Sony has been unable to find any outlet interested in disseminating its film, "The Interview," as any company that shows the film could be exposed to hacking, according to The New York Times. Meanwhile, the leaking of the e-mails of Sony's executives, and the cancellation of the movie's release, is damaging the company's relationship with movie stars, journalists, and other film companies, the newspaper stated. Reference Link
06:40 EDTSNESony loss on 'Interview' may not be covered by insurance, NY Post says
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06:36 EDTUALObama administration to ease many parts of Cuba embargo, NY Times says
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December 18, 2014
18:14 EDTGOOGGoogle's next version of Android to be built directly into cars, Reuters says
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18:00 EDTSNESony shares could climb 50%, Barron's says
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16:35 EDTGEGeneral Electric to provide support for Cheniere Energy Partners LP LNG trains
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16:01 EDTAAPLOptions Update; December 18, 2014
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14:19 EDTAAPLMacmillan CEO says new deal struck with Amazon
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14:00 EDTGOOG, SSNLFEarnings Preview: BlackBerry upped at BGC, Goldman says short squeeze possible
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10:19 EDTSNESony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
09:35 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL FB TSLA PBR RAD AMAT NFLX GILD KMI TWTR
08:31 EDTAAPLSkyworks price target raised to $90 from $75 at Pacific Crest
Pacific Crest increased its price target on Skyworks (SWKS), citing better than expected handset demand at Apple (AAPL) and Samsung. The firm expects Skyworks' revenue and gross margins to continue rising significantly into 2015. Pacific Crest recommends buying Skyworks.
07:23 EDTSNEIMAX and RealD could benefit from The Interview cancellation, says B. Riley
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07:17 EDTDISHDISH price target raised to $100 from $70 at Jefferies
Jefferies raised its price target for DISH shares to $100 saying the market is "overly discounting" the value of the company's spectrum. The firm expects DISH's spectrum value to accrete towards auction levels and keeps a Buy rating on the stock. Shares of the pay-TV provider closed yesterday up $1.24 to $69.72.
07:11 EDTGEAviv REIT acquires 28 properties for $305M from GE Capital
Aviv REITannounced that it acquired 28 properties, plus an office building, for $305M from Diamond Senior Living, a subsidiary of General Electric Credit Corporation of Tennessee, which is itself a subsidiary of General Electric Capital (GE). All of the 28 properties are currently triple-net leased to new Aviv operator Laurel Health Care at an initial cash yield of 8.5%, for a remaining term of 15 years.
06:50 EDTGOOGGoogle to seek dismissal of Android antitrust lawsuit, Reuters reports
Google (GOOG) will try to convince a federal judge today to dismiss a lawsuit alleging that its practices related to its Android operating system violate antitrust laws, according to Reuters. The plaintiffs allege that Google forces handset makers to restrict competing apps such as Microsoft's (MSFT) search engine, Bing, the news service stated. Reference Link
06:38 EDTGOOGGoogle signs Karbonn to Android One project, 9to5Google reports
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December 17, 2014
18:26 EDTSNEU.S. connects North Korea to Sony cyber attack, NY Times says
American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures, NY Times reports. Reference Link
18:08 EDTSNEInvestigators confirm North Korea behind Sony cyber attack, CNN reports
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17:37 EDTSNECarmike Cinemas delays exhibition of "The Interview" due to Sony cyber-attack
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17:19 EDTSNESony cancels release of 'The Interview' CNBC reports
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17:00 EDTSNESony cancels release of 'The Interview' CNBC reports
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16:36 EDTAAPLGT Advanced issues response to Apple's statement
GT Advanced (GTATQ) issued the following statement: Tom Gutierrez, president and CEO, stated, "The position that Apple (AAPL) has taken in response to the release of our October 8th declaration is in line with our expectations, as reflected in paragraph 52 of Dan Squiller's October 28 declaration in support of the Apple Settlement. Although we have different views on the matter, we believe we have settled our disputes with Apple and see no point in further addressing the circumstances that led to our Chapter 11 filing or our relationship with Apple. Our focus now is on moving the company forward through the bankruptcy process. We remain optimistic that the Bankruptcy Court will approve the Apple Settlement Agreement on November 25th because it is in the best interest of all parties."
16:00 EDTAAPLOptions Update; December 17, 2014
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11:14 EDTDISHNetflix rises after MKM downplays production risks, DISH deal announced
Shares of Netflix (NFLX) are climbing after research firm MKM Partners recommended that investors buy shares of the online streaming service heading into the New Year. The shares could triple or quadruple over the next four to five years, the firm predicted. WHAT'S NEW: Some believe that Netflix's stepped up content production increases its risk, MKM analyst Rob Sanderson reported. However, Netflix's movie content purchase deals carry similar risk and the company's massive content portfolio insulates it from risk, the analyst stated. Meanwhile, Sanderson disagrees with initial reviews of Netflix's "Marco Polo" series. The series is no "Games of Thrones," but the season of "Marco Polo" as a whole is better than the first few episodes, Sanderson believes. Netflix should benefit more than expected from the advent of 4K resolution and the company should announce partnerships with cable companies at a faster rate next year, the analyst indicated. He continues to identify the stock as his favorite large-cap name and estimates that it could triple or quadruple over the next four or five years. WHAT'S NOTABLE: Satellite broadcaster DISH (DISH) earlier today announced that it had become the first major pay-TV provider in the U.S. to integrate the Netflix app into its set-top box. The app gives customers the ability to instantly stream Netflix movies and TV shows, DISH added. PRICE ACTION: In mid-morning trading, Netflix gained 3.4% to $327.21.
11:09 EDTGOOGFormer Hulu CEO gears up to launch Vessel, Re/code reports
Former Hulu CEO Jason Kilar is getting ready to launch a web video service called Vessel, which utilizes YouTube stars, Re/code reports. Reference Link
10:04 EDTGEGE CEO Immelt says 'likes' Russia long-term, CNBC reports
General Electric CEO Jeff Immelt told CNBC's "Squawk on the Street" that he likes Russia for the long-term, though he would like Russia "to be in better shape" right now. Russia represents around 1% of GE's business, Immelt noted. Reference Link
10:02 EDTVZOn The Fly: Analyst Downgrade Summary
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10:02 EDTGOOGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Google (GOOG) upgraded to Buy from Hold at Pivotal Research... Twitter (TWTR) upgraded to Buy from Hold at Pivotal Research... Aaron's (AAN) upgraded to Buy from Hold at KeyBanc... Calpine (CPN) upgraded to Buy from Hold at Deutsche Bank... Check Point (CHKP) upgraded to Buy from Hold at Deutsche Bank... Columbia Sportswear (COLM) upgraded to Buy from Neutral at Goldman... Dakota Plains Holdings (DAKP) upgraded to Buy from Hold at Canaccord... SunCoke Energy (SXC) upgraded to Outperform from Neutral at Credit Suisse... Taylor Morrison (TMHC) upgraded to Buy from Hold at Evercore ISI... Teck Resources (TCK) upgraded to Buy from Neutral at UBS... VeriFone (PAY) upgraded to Overweight from Equal Weight at Barclays... Motorola Solutions (MSI) upgraded to Buy from Hold at Argus... Approach Resources (AREX) upgraded to Neutral from Reduce at Global Hunter... HealthSouth (HLS) upgraded to Outperform from Market Perform at Raymond James... QLogic (QLGC) upgraded to Overweight from Equal Weight at Morgan Stanley... Baker Hughes (BHI) upgraded to Focus List from Outperform at Howard Weil... Kansas City Southern (KSU) upgraded to Overweight from Equal Weight at Stephens... BlackBerry (BBRY) upgraded to Buy from Hold at BGC Financial.
09:53 EDTDISHDISH integrates Netflix into set-top box
DISH (DISH) today became the first major pay-TV provider in the U.S. to integrate the Netflix (NFLX) app into its set-top box. Available on DISH’s second-generation Hopper, the app gives customers the ability to instantly stream Netflix movies and TV shows, including “House of Cards” and “Orange is the New Black,” from the same platform used to access their linear television channels. The Netflix app will rollout to DISH customers throughout the day. The Netflix app is currently available on all broadband-connected second-generation Hopper set-top boxes. In the coming months, DISH expects the app to rollout to Joey, Super Joey and Wireless Joey clients. Additionally, in the future, titles available on Netflix could be integrated into the search functionality across live, recorded and Video On Demand programs for both the Hopper as well as DISH’s forthcoming OTT service.
09:41 EDTGOOG, AAPLActive equity options trading
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09:00 EDTAAPLEU expanding 'sweetheart' tax probe, WSJ reports
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08:47 EDTGOOGGoogle upgraded to Buy from Hold at Pivotal Research
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08:26 EDTVZMost headline concerns on Verizon overdone, says Bernstein
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08:04 EDTGEGeneral Electric guidance positive, says RBC Capital
RBC Capital views General Electric's 2015 EPS guidance as positive, given the company's 11% oil and gas exposure. The firm thinks the company's guidance indicates that its industrial businesses are set to generate healthy earnings growth in 2015. RBC Capital trimmed its price target on GE to $28 from $30 and keeps an Outperform rating on the shares.
06:52 EDTSNELions Gate wanted to talk to Sony about M&A, Reuters says
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06:47 EDTSNETheater cancels Sony movie debut after threat, NY Times says
A New York movie theater canceled the New York premier of Sony's film, "The Interview," after a terrorist threat was made against theaters that show the film, according to The New York Times. North Korea has harshly criticized the movie. Reference Link
06:44 EDTSNE, GOOGGoogle opponents lobbying state attorneys general, NY Times says
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06:40 EDTSNEAU Optronics should see increased orders for Ultra HD TV panels, DigiTimes says
AU Optronics (AUO) and Innolux should see increased orders for Ultra HD LCD TV panels as a result of active promotions for the TVs by Sony (SNE) and Panasonic (PCRFY), industry sources tell DigiTimes. Reference Link
06:39 EDTVZVerizon could ship 3M own-branded tablets next year, DigiTimes reports
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06:12 EDTGOOGBaidu to take stake in Uber, Reuters reports
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06:07 EDTVZVerizon downgraded to Neutral from Buy at Goldman
Goldman downgraded Verizon to Neutral due to higher spectrum costs, increased wireless competition that is driving higher churn and lower margins, and a reduced target multiple to reflect an uncertain outlook. Price target lowered to $48 from $55.
06:07 EDTSNECarmike Cinemas pulls screenings of Sony's "The Interview," AP reports
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December 16, 2014
17:53 EDTSNESony hackers threaten 'The Interview' attendees, WSJ says
People claiming to be the Sony hackers said that there would be attacks like those of Sept. 11, 2001 at theaters showing the studio’s movie “The Interview,” according to The Wall Street Journal. Reference Link
16:00 EDTAAPLOptions Update; December 16, 2014
iPath S&P 500 VIX Short-Term Futures up 1.55 to 34.60. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX AA MGM MCD according to Track Data.
15:57 EDTGEGE CEO says company planning for 'sluggish' oil & gas performance in FY15
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15:44 EDTGEGeneral Electric sees FY15 EPS $1.70-$1.80, consensus $1.79
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15:18 EDTGEGE CEO says still considering ways to shrink GE Capital in investor-friendly way
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15:14 EDTGEGeneral Electric sees Alstom deal adding about 1c to FY15 EPS
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15:07 EDTGEGeneral Electric sees FY15 Industrial EPS $1.10-$1.20
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15:02 EDTGEGeneral Electric sees returning $10B-$30B to investors in FY15
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14:58 EDTAAPLApple slips lower after halt to online store sales in Russia
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14:57 EDTGEGeneral Electric says Alstom synergy opportunities better than expected
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14:54 EDTGEGE repeats view for FY14 revenue flat to up 5%, consensus $148.92B
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14:54 EDTAAPLVirnetX says appeals court denies rehearing petition in Apple case
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14:50 EDTGOOGGoogle volatility increases as shares trends to 13-month low
Google December call option implied volatility is at 27, January is at 26, February is at 29, March is at 27; compared to its 26-week average of 22 according to Track Data, suggesting large near tem price movement.
14:06 EDTAAPLApple halts online sales in Russia over ruble, Bloomberg reports
Apple said that it its online store in Russia is "currently unavailable while we review pricing," according to Bloomberg, citing an emailed statement. The phone marker noted the "extreme" ruble fluctuations, the news agency added. Reference Link
13:17 EDTSNETencent, Sony make music rights deal, Re/code says
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13:11 EDTAAPLNXP Semiconductors rises after positive analyst mention, Apple Pay news
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13:08 EDTAAPLApple found not guilty of breaking antitrust laws with iTunes, CNBC reports
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13:00 EDTAAPLApple found not guilty of breaking antitrust laws with iTunes, Bloomberg reports
12:51 EDTSNESony sued by former employees over data protection, Reuters says
Two former Sony employees are suing the company for failing to adequately protect their data, according to Reuters. Sony's Sony Pictures unit suffered a massive hacking attack last month. Reference Link
10:42 EDTAAPLVirnetX drops 4% after reportedly losing appeal in case with Apple
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10:42 EDTAAPLAppeals court rules decision in VirnetX suit with Apple stands, Bloomberg says
VirnetX (VHC) lost its bid to reinstate $368.2M damage award from Apple (AAPL), reported Bloomberg.
10:10 EDTAAPL, SSNLFSamsung in talks with LoopPay to launch Apple Pay rival in 2015, Re/code reports
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10:01 EDTVZ, GOOGGoogle, Verizon enter into global patent licensing agreement
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN C TSLA PBR TWTR NFLX JPM CLF ABX
09:22 EDTGEGeneral Electric must answer on oil and gas focus after price slide, WSJ says
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08:03 EDTGEGeneral Electric to acquire Oceaneering's Electric Actuator product line
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06:57 EDTGOOGGoogle price target lowered to $600 from $670 at JPMorgan
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06:48 EDTAAPLMore companies adopting Apple Pay, NY Times says
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06:32 EDTSSNLF, AAPLApple, Samsung offer price cuts for tablet products, DigiTimes reports
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06:25 EDTGOOGGoogle facing Dutch privacy fine of up to $19M, WSJ reports
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06:16 EDTAAPLGT Advanced's settlement with Apple approved by bankruptcy court, WSJ reports
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06:14 EDTSNESony says film studio's business remains strong, WSJ reports
Sony Pictures executives apologized in a staff meeting Monday for leaked emails and sensitive documents, The Wall Street Journal reports. Despite damage from the November hacking attack, executives said the film studio’s business remains strong. Reference Link
05:56 EDTGEBoeing selects GE Aviation for ELMS on 777X
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05:44 EDTSNESony Pictures confirms extent of cyber attack
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December 15, 2014
16:36 EDTAAPLOn The Fly: Closing Wrap
The Dow began the session with triple digit gains, but the move was short lived and so was the positive start for the equities market, which tumbled with oil prices and struggled for the remainder of the session. The day’s economic reports, which included the Empire Manufacturing report, industrial production and capacity utilization reports, and the NAHB housing market index, had little effect on the market. Stocks recovered a bit but did not get back into the green before the close, with investors wondering how the Fed, which begins its final FOMC meeting of the year tomorrow, will view its strategy in light of the recent weakness in oil. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing index fell to -3.6 in December, which was significantly worse than the expectation for it to rise to 12.4 from its prior 10.2 reading. Industrial production jumped 1.3% in November, which was better than the expected 0.7% increase. The NAHB homebuilder sentiment index fell one point to 57 in December, versus expectations for a one point rise to a 59 reading. Near noon, WTI crude was down more than 2% and was trading below $57 per barrel. COMPANY NEWS: Riverbed Technology (RVBD) rose $1.57, or 8.38%, to $20.31 after the company agreed to be acquired by private equity investment firm Thoma Bravo and the private investor department of Ontario Teachers’ Pension Plan. Riverbed stockholders will receive $21 per share in cash, or a total of approximately $3.6B, which Wells Fargo views as a "good decision" and good deal for the company given the challenges in its business... PetSmart (PETM) advanced $3.30, or 4.25%, to $80.97 after the company agreed to be acquired by a consortium led by BC Partners at a price of $83.00 per share in cash. However, the private equity backers of Petco that were not allowed to participate in the auction process because of competition concerns, Leonard Green & Partners and TPG, could still make a rival offer, according to The Deal Pipeline, citing a source familiar with the situation. MAJOR MOVERS: Among the notable gainers was Sorrento Therapeutics (SRNE), which advanced $1.50, or 25.86%, to $7.30 after the company announced that it has entered into a binding agreement with NantWorks founder Dr. Patrick Soon-Shiong to establish a strategic collaboration to jointly develop next generation immunotherapies for the treatment of cancer and auto-immune diseases. Also higher was Cirrus Logic (CRUS), which rallied $4.12, or 21.87%, to $22.96 after Barclays upgraded the stock two notches to Overweight from Underweight and said the company is poised to make significantly more money per each iPhone sold next year. Among the noteworthy losers was CGG SA (CGG), which was downgraded to Underperform at Raymond James and dropped $2.41, or 28.29%, to $6.11 after Technip (TKPPY) said that it does not plan to file a tender for the company after talks between the companies did not result in a deal. Also lower were shares of Habit Restaurants (HABT), which fell $7.20, or 17.19%, to $34.69 as analysts rolled out coverage of the stock following its IPO about a month ago. Amid the coverage initiations, Habit Restaurants shares were initiated with a Neutral and $41 price target at RW Baird, with a Market Perform rating at Wells Fargo, with an Equal Weight at Stephens and with an Overweight rating and $48 target at Piper Jaffray. INDEXES: The Dow fell 99.99, or 0.58%, to 17,180.84, the Nasdaq dropped 48.44, or 1.04%, to 4,605.16, and the S&P 500 declined 12.70, or 0.63%, to 1,989.63.
16:00 EDTAAPLOptions Update; December 15, 2014
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15:05 EDTGOOGGoogle to step up challenge to Amazon with new shopping features, WSJ says
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12:41 EDTGOOGGoogle to shutter Russian engineering office, Guardian reports
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12:36 EDTGOOGVringo will seek Supreme Court review of court's reversal of Google judgement
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12:15 EDTAAPLCirrus jumps after Barclays ups stock two notches citing Apple opportunity
Shares of Cirrus (CRUS) are rallying after Barclays upgraded the stock two notches to Overweight from Underweight in a note to investors today. The company is poised to make significantly more money per each iPhone sold next year, the firm stated. Cirrus develops audio components for smartphones. WHAT'S NEW: Cirrus will obtain $2.50-$3.50 for each of Apple's (AAPL) iPhone 6S sold next year, up from about $2 for Apple's latest iPhone, the iPhone 6, Barclays analyst Blayne Curtis wrote. A new component made by Cirrus will enable smartphones to always respond to voice commands, even if the devices are turned off, the analyst reported. The new component can also enable Cirrus to obtain more revenue from Android phones, Curtis wrote. The company should obtain a significant amount of revenue from Samsung's upcoming Galaxy S6 devices, the analyst contended. He hiked his 2015 earnings per share estimate for the company to $1.55 from $1.19 and increased his price target on Cirrus shares to $28 from $18. PRICE ACTION: In early afternoon trading Cirrus rallied 19.4% to $22.50.
12:01 EDTGEBioTime unit, GE Healthcare sign set of license agreements, terms not disclosed
BioTime (BTX) announced that its subsidiary ES Cell International Pte. Ltd. and GE Healthcare (GE) have signed a set of license agreements through which GEHC received rights to ESI’s stem cell patents and ESI received rights to stem cell patents controlled by GEHC, in both cases for the development of cellular assays and models derived from stem cells for use in drug discovery and toxicity screening. In addition, the agreements give GEHC the right to grant sub-licenses to the ESI patent portfolio and, in certain circumstances, ESI may further sublicense its rights for the purpose of marketing stem cell-derived products. Financial terms were not disclosed.
11:17 EDTGEGE Aviation selected by Boeing for 777x common core avionics systems
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09:38 EDTAAPLActive equity options trading
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09:06 EDTVZVerizon announces voluntary sale and purchase program for small shareowners
Verizon Communications announced a program to provide its small shareowners with a convenient and inexpensive way either to round their Verizon holdings up to 100 shares or to sell all their shares. Verizon will not buy or sell any of the shares or otherwise participate in the program. The program is voluntary. It is intended to help owners of fewer than 100 Verizon shares who may have been deterred from selling their Verizon shares or buying additional shares because of the inconvenience. Similar odd-lot programs are commonly offered periodically by public companies to reduce administrative costs and offer a service to investors. Verizon's program will be independently administered by Georgeson, a Computershare company.
08:44 EDTAAPLSkyworks price target raised to $95 from $75 at JMP Securities
JMP Securities increased its price target on Skyworks (SWKS) as the firm says that its checks indicate that the company is benefiting from strong demand for Apple's (AAPL) iPhone and for Chinese smartphones. The firm thinks the company has a number of other positive catalysts, including rapidly proliferating Internet of Things applications. JMP Securities reiterates an Outperform rating on the shares.
08:40 EDTAAPL, SSNLFCLSA technology analysts hold a luncheon meeting
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08:30 EDTAAPLApple checks show solid brand recognition in China, says Jefferies
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08:15 EDTGEGeneral Electric to host investor meeting
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08:08 EDTGEGeneral Electric enters into IP licensing agreement with WordLogic
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07:57 EDTUALDeutsche ups targets on Airlines amid lower fuel prices
Deutsche Bank expects 2015 to be an even stronger year than 2014 for Airline stocks and believes carriers will continue to "share their growing wealth with their stakeholders." Deutsche sees lower fuel prices and reduced interest expense providing benefits in 2015. The firm raised its price target for Allegiant Travel (ALGT) to $174 from $150, for Hawaiian Holdings (HA) to $27 from $19, for JetBlue (JBLU) to $21 from $17, for Southwest (LUV) to $55 from $46, for Spirit Airlines (SAVE) to $95 from $85, for United Continental (UAL) to $80 from $50, for American Airlines (AAL) to $67 from $54 and for Alaska Air (ALK) to $53 from $42.50. Deutsche keeps a $60 price target on shares of Delta Air Lines (DAL). The firm has a Buy rating on all name in the space save for Alaska Air, which it rates Sell.
06:46 EDTAAPLApple could pay $450M if it loses e-book appeal, WSJ says
A report from yesterday explains that the Second U.S. Circuit Court of Appeals will begin considering Apple's appeal for a ruling that the company was engaged in illegal price-fixing over e-books, reports the Wall Street Journal. If Apple loses the appeal, the company could pay $450M, with most of it going to e-book customers, the Journal adds. Reference Link
06:45 EDTSNESony tells media outlets to stop reporting leaked information, Reuters says
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06:32 EDTGOOGUnwired Planet commented on Google Markman ruling
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06:03 EDTSNEAlleged Sony hackers offer to selectively withhold stolen data, Re/code reports
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06:00 EDTSNESony Pictures not shutting down film production because of hack, Deadline says
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05:39 EDTAAPLCirrus Logic upgraded to Overweight from Underweight at Barclays
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December 12, 2014
16:33 EDTT, VZStocks finish week lower amid steep decline in oil prices
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16:00 EDTAAPLOptions Update; December 12, 2014
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11:57 EDTGEGeneral Electric increases dividend 5% to 23c from 22c
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11:57 EDTGEGeneral Electric increases dividend 5% to 23c from 22c
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10:56 EDTUALNATS says London airspace open but capacity restricted
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10:25 EDTUALEurocontrol says London airspace closed after computer failure, CNBC reports
Publicly traded airlines include American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL). Reference Link
09:35 EDTAAPL, GOOGActive equity options trading
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08:43 EDTAAPLWal-Mart cuts prices on iPhone, BGR reports
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07:30 EDTGOOGAmazon forced to remove app from Google Play store, TechCrunch reports
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07:18 EDTGOOGCato Institute holds a conference
2014 Cato Institute Surveillance Conference is being held in Washington, D.C. on December 12 with webcasted presentations to begin at 9 am. Webcast Link
06:37 EDTAAPLApple online store begins accepting PayPal, Re/code reports
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06:16 EDTSNEGlobal demand for e-paper on the decline, DigiTimes reports
Global demand for e-paper from e-book vendors is decreasing due to competition from tablets, reports DigiTimes, according to sources with Taiwan's supply chain. Due to the decline, Toshiba (TOSBF), Sony (SNE), and Panasonic (PCRFY) have withdrawn from the e-book reader market. According to the sources, Amazon is still look at growth in the China market, but the e-book reader market is not showing any signs of a rebound. Reference Link
06:12 EDTSNESony considered selling stake in Crackle, Bloomberg reports
Sony Pictures Television had weighed the sale of a majority stake in Crackle, reports Bloomberg. Citing e-mails made public by hackers, executives at Sony discussed a deal with Evolution Media Capital. An outside investment in Crackle would free up cash the website could spend on original series and marketing, Berger wrote in an e-mail to Steve Mosko, president of Sony Pictures Television. Reference Link
06:09 EDTSSNLFSamsung Galaxy S6 Edge curved variant may not be in works, SamMobile says
There may not be an Edge variant with a curved screen for Samsung's Galaxy S6, reports SamMobile.com. There may be a separate variant of Galaxy S6 in the works, but at the moment, the prototype device does not have an Edge screen. Reference Link
06:05 EDTGOOGGoogle to shut down engineering operations in Russia, The Information reports
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December 11, 2014
19:34 EDTSNEMicrosoft Xbox One outsells Sony PS4, Engadget reports
Microsoft's (MSFT) Xbox One was the best selling console for November, beating Sony's (SNE) PlayStation 4, according to Microsoft, citing data from NPD Group. Prior to November, the PlayStation 4 had been the best selling console for almost a year. According to the NPD data, console sales are up in general, with hardware unit-sales increasing by 3% over last November. Reference Link
17:40 EDTAAPLPriceline becomes first online travel agency to integrate Apple PayApple
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16:01 EDTAAPLOptions Update; December 11, 2014
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14:50 EDTAAPLApple to start selling new iPads in China this week
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13:11 EDTAAPLApple February volatility elevated at 28
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10:17 EDTAAPL, GOOGCiti upbeat on Google in face of pending Apple decision on Safari
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09:37 EDTVZ, AAPLActive equity options trading
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09:05 EDTAAPLTSMC reports November sales down 10.5% to $2.32B, DigiTimes reports
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08:53 EDTGOOG, AAPLBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:46 EDTAAPLApple Watch mass production rumored to start in January, AppleInsider says
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08:09 EDTGOOG, AAPLGoogle shares pricing in loss of Apple search deal, says Citigroup
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06:35 EDTUAL, AAPLUnited's 23,000 flight attendants to get iPhone 6 Plus, Business Insider reports
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06:32 EDTAAPL, SSNLFGlobalfoundries hope to win orders from Qualcomm and Apple, DigiTimes reports
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06:24 EDTDISHDISH plans to leave broadcast channels out of basic online TV package, WSJ says
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06:17 EDTGOOGGoogle to shut Google News service in Spain
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05:18 EDTDISHNexstar, DISH reach distribution agreement
Nexstar Broadcasting (NXST) announced that it reached a new distribution agreement with DISH Network (DISH) allowing the satellite television provider the right to continue to air Nexstar’s programming. The agreement covers Nexstar’s broadcast platform inclusive of 60 network affiliated and local stations in 46 markets. On Monday, December 8, Nexstar granted DISH an extension until 11:59 p.m. ET tonight to the companies’ previous agreement.
December 10, 2014
17:21 EDTUALAmerican Airlines, United Continental can reach new highs, Barron's says
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16:00 EDTAAPLOptions Update; December 10, 2014
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14:20 EDTAAPL, UALUnited Continental providing 23,000 flight attendants with iPhone 6 Plus
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11:28 EDTVZVerizon heads for test of 52-week low, levels to watch
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10:24 EDTVZ, TSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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10:00 EDTUALOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPL, VZActive equity options trading
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09:23 EDTUALOn The Fly: Pre-market Movers
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09:12 EDTVZ, TRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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08:36 EDTAAPLApple, IBM deliver first wave of IBM MobileFirst for iOS apps
Apple (AAPL) and IBM (IBM) have delivered the first wave of IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services that bring IBM’s big data and analytics capabilities to iPhone and iPad users in the enterprise. IBM MobileFirst for iOS solutions are now available to enterprise customers in banking, retail, insurance, financial services, telecommunications and for governments and airlines, thanks to an unprecedented collaboration between Apple and IBM. IBM clients today announcing support for IBM MobileFirst for iOS solutions include: Citi, Air Canada, Sprint and Banorte.
08:16 EDTTBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:04 EDTGEGE Energy Financial Services, Pacifico to build second joint solar project
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07:52 EDTSSNLFSamsung combining U.S. electronics, mobile units, WSJ reports
Samsung Electronics is merging Samsung Electronics America, its subsidiary that oversees consumer electronics distribution in the U.S., and Samsung Telecommunications America, which focuses on mobile devices, into one unit, reported The Wall Street Journal, citing a statement from the company. Reference Link
07:30 EDTTAT&T price target lowered to $36-$38 from $42-$44 at Wells Fargo
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06:38 EDTAAPLBose products to return to Apple stores, 9to5Mac reports
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06:32 EDTTAT&T shares have near-term downside risk to $30, says Citigroup
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06:22 EDTSSNLF, AAPLChina touch panel makers suffer as smartphone inventory rises, DigiTimes reports
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06:00 EDTUALBarclays upgrades United, American amid lower oil prices
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05:53 EDTDISHStocks with implied volatility movement; SPLS DISH
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05:51 EDTTStocks with implied volatility movement; CBST T
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05:39 EDTUALUnited Continental upgraded to Overweight from Underweight at Barclays
Barclays upgraded United Continental (UAL) two notches to Overweight from Underweight citing the benefits from lower oil prices. The firm raised its price target for shares to $76 from $52. The airliner closed yesterday down $1.73 to $62.52. Barclays also upgraded American Airlines (AAL) this morning to Overweight. Its top picks in the space are Spirit Airlines (SAVE), then American and United, followed by Delta Air Lines (DAL) and Southwest (LUV). It now has Overweight ratings on all four major U.S. airlines.
05:15 EDTTAT&T rebrands Alltel in Georgia
AT&T has upgraded the former Alltel retail locations in Georgia and opened them under the AT&T brand. AT&T has also upgraded the former Alltel network in Georgia to combine the strength of Alltel's local coverage with AT&T's 4G LTE network. In early 2015, more than 100,000 former Alltel wireless customers in Georgia will begin using new devices that work on AT&T's network.
December 9, 2014
18:20 EDTAAPLApple to establish R&D center in Japan, Nikkei reports
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16:28 EDTVZOn The Fly: Closing Wrap
Stocks on Wall Street opened in the red on the heels of a sharp sell-off in China and amid continued concern over tumbling oil prices. The domestic economic calendar offered little in the way of a catalyst and the market moved in a narrow range throughout the morning. However, the averages began to pare their losses once the European markets closed. By mid-afternoon the averages had turned mixed with the Nasdaq higher, the S&P flat, and the Dow the laggard, which is the way the trading day closed. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' optimism index rose to 98.1 from a prior reading of 96.1. The JOLTS report showed job openings increased 149K to 4.83M in October, which was above the expectation for 4.795M openings. Wholesale sales increased 0.2% in October and inventories grew 0.4%, both of which were better than expected. In Asia, China's Shanghai composite index plunged 5.4%, making for the stock market's sharpest selloff in years, after the country’s securities clearing house raised the threshold for the type of collateral used for short-term loans and policymakers warned about potentially slower economic growth. In Europe, Greek stocks and bonds also tumbled after a move to bring forward presidential elections, which could potentially derail Greece’s bailout and austerity efforts. COMPANY NEWS: Verizon (VZ) was among the Dow's worst performers, sinking $1.98, or 4.05%, to $46.92 after the company warned that Q4 impacts of its promotional offers, together with the strong customer volumes this quarter, will put short-term pressure on its earnings per share. After last night's commentary from the company, Robert W. Baird downgraded Verizon shares to Neutral from Outperform and lowered its price target on the stock to $50 from $54... Merck (MRK) also weighed on the Dow, as the drugmaker fell $1.87, or 3.02%, to $60.01 after a Delaware court denied Cubist's (CBST) bid to stop Hospira (HSP) from selling a generic version of Cubicin in 2016. Merck announced just yesterday morning that it had agreed to buy Cubist in a transaction with a total value of approximately $9.5B. The news is a "tough start" to Merck's takeover and makes the $9.5B buyout price look $2B to $3B too high, according to analysts at Leerink. Shares of Cubist also fell $xxx, or xxx%, to $xxx following the court ruling. MAJOR MOVERS: Among the notable gainers was bluebird bio (BLUE), which surged $35.39, or 72.39%, to $84.28 after the company announced data from eight subjects treated with its LentiGlobin drug product and Piper Jaffray more than doubled its price target for the shares to $112 from $52. Among the noteworthy losers was Conn's (CONN), which plunged $14.26, or 40.64%, to $20.83 after unexpectedly reporting losses for its third fiscal quarter, withdrawing its FY15 guidance and announcing the departure of its CFO. Also lower was Spirit Airlines (SAVE), which slid $10.70, or 12.67%, to $73.77 after the company said last night that since late October there has been compression in the fare structure for close-in bookings, believed to be driven by the industry’s willingness to trade lower fuel prices for lower fares. Also, this morning, Raymond James downgraded Spirit Airlines to Market Perform from Outperform, citing valuation, European deflation headwinds, and earnings that are still being revised down. INDEXES: The Dow fell 51.28, or 0.29%, to 17,801.20, the Nasdaq rose 25.77, or 0.54%, to 4,766.46, and the S&P 500 slipped 0.49, or 0.02%, to 2,059.82.
16:00 EDTAAPL, VZOptions Update; December 9, 2014
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14:57 EDTVZTelecom equipment stocks rally after Verizon CFO comments on wireless CapEx
Telecom equipment stocks, which opened lower, rallied after Verizon (VZ) CFO Fran Shammo said he sees wireless CapEx continuing to trend upward. Shammo, speaking at the UBS 42nd Annual Global Media And Communications Conference, said, "The day we start to cut wireless CapEx is the day we start to wonder where the future of this industry is going." Ciena (CIEN), JDSU (JDSU), and Finisar (FNSR) all reversed earlier losses. PRICE ACTION: In afternoon trading, Ciena is up 1.5%, JDS Uniphase is up 3.8%, and Finisar is up 4.5%. Verizon, which was downgraded this morning to Neutral from Buy by RW Baird, is trading down almost 5%.
12:25 EDTVZOn The Fly: Midday Wrap
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10:38 EDTVZVerizon CFO Shammo says not interested in doing large international M&A deal
CFO Fran Shammo sees wireless CapEx continuing to trend up, sees wireline CapEx continuing to trend down. Says does not believe wireless CapEx will decline. Shammo commented that ""The day we start to cut wireless CapEx is the day we start to wonder where the future of this industry is going." Says dividend policy "very important." Says doesn't see share buybacks until balance sheet is delevered.
10:35 EDTAAPLApple falls, levels to watch
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10:28 EDTVZ, TVerizon drops after warning about promotional impact on profits
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10:27 EDTVZVerizon CFO says would sell towers for 'right price, right terms'
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10:23 EDTVZOn The Fly: Analyst Downgrade Summary
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10:17 EDTVZVerizon CFO Shammo says sees promotional pricing 'settling down' in 2015
Says Q4 has been a "pretty exciting" period, says seeing increase in activations, but seeing some increase in churn as well. Says has seen high volume in Q4 sales. Says continues to see strong momentum for wireless customer growth in Q4. Sees promotional pricing "settling down" in 2015. Shammo says social media, press has built this up as a price war; says rival's half-priced promotion "not as dramatic" as it looks. Says tablets a "tremendous" growth area for industry. Says streaming TV to mobile to begin in mid-2015. Says that over time, company believes can increase margins. Comments made at the UBS Global Media & Communications Conference. Verizon shares are down 3.8% to $47.04 in morning trading.
09:38 EDTVZ, AAPLActive equity options trading
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09:21 EDTAAPL, UALOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
08:35 EDTSSNLFCorning Gorilla Glass 4 chosen for Samsung Galaxy ALPHA
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08:03 EDTAAPLWeak iPad demand could cause Apple to miss estimates, says Pacific Crest
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07:40 EDTVZVerizon competition increased, company should be able to respond, says Canaccord
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07:32 EDTT, VZUBS to hold a conference
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06:32 EDTDISHCitigroup calls on DISH to split into two companies
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06:27 EDTSSNLFSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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06:15 EDTVZVerizon downgraded at RW Baird
As previously reported, Baird downgraded Verizon to Neutral from Outperform. The firm downgraded shares citing last night's negative pre-announcement due to increasing competitive concerns, margin pressures, higher churn, and full valuation. Price target lowered to $50 from $54.
06:14 EDTGOOGGoogle launches Street View in Dubai
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06:01 EDTVZVerizon downgraded to Neutral from Outperform at RW Baird
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06:00 EDTGOOGSalesforce.com names YouTube CEO Susan Wojcicki to board
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05:24 EDTDISHNexstar provides third extension to DISH distribution agreement
Nexstar Broadcasting (NXST) announced that it has provided the third extension of its distribution agreement with DISH Network (DISH) allowing the satellite television provider the right to continue to air Nexstar’s highly rated programming until 11:59 p.m. ET on Wednesday, December 10. The agreement covers Nexstar’s broadcast platform inclusive of 60 network affiliated and local stations in 46 markets. DISH’s previous extension with Nexstar expires at 11:59 p.m. ET. Nextar stated that for over two months, it has been negotiating in good faith to establish a mutually agreeable contract with DISH and Nexstar remains hopeful that a resolution can be reached without a service interruption to viewers in affected markets.
December 8, 2014
18:24 EDTVZ, TOn The Fly: After Hours Movers
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18:19 EDTSNESony hacker releases additional private data, issues threat, Re/code says
Guardians of Peace, the hacker group claiming responsibility for the attack against Sony Pictures Entertainment, released an additional trove of private data and issued threats against the studio, according to Re/code. Reference Link
17:05 EDTVZVerizon sees Q4 impacts of promotional offers will pressure wireless EBITDA, EPS
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16:26 EDTUALUnited Continental November consolidated traffic down 0.3%
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16:00 EDTAAPLOptions Update; December 8, 2014
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13:16 EDTAAPLApple trades off session lows, levels to watch
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09:21 EDTSNESony Pictures called the cyberattack 'unprecedented in nature', Re/code reports
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06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:24 EDTSNENorth Korea denies role in recent Sony hacking, WSJ reports
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06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:17 EDTSNESony PlayStation store may have suffered possible cyberattack, AP reports
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06:15 EDTSSNLF, AAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
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