New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 3, 2014
08:54 EDTLNVGY, GOOGL, GOOGGoogle Class C shares begin trading today
Google (GOOG) is effectively splitting its stock via a dividend distribution of new "Class C" shares, which begin trading today. The price of existing Google A shares, which hold one vote each, is expected to fall by half today as the C shares begin trading. WHAT'S NOTABLE: In January, Google announced that its board approved a dividend of Class C shares to be distributed on April 2 to holders of record as of March 27. The new Class C shares will trade under the ticker "GOOG" and the company's existing Class A shares will trade under a new ticker, "GOOGL." The company has previously said that its Q1 GAAP EPS will be half of what it would otherwise report because its net earnings are divided by twice as many shares. The company also said that its non-GAAP EPS will be similarly affected by the Class C dividend issuance, but will also be impacted by the expected sale of Motorola Mobile to Lenovo (LNVGY). This sale triggers "discontinued operations" accounting treatment, Google noted. Both Google Class A and Class C will be included in the S&P 500 and S&P 100 and there will not be a switch from Class A to Class C. Class A shares will subsequently be removed from Nasdaq indexes when the exchange operator rebalances them on June 23. By introducing non-voting C shares, Google's Sergey Brin and Larry Page will be able to issue stock to compensate workers or make acquisitions without diluting their voting stake, Bloomberg has noted.
News For GOOG;GOOGL;LNVGY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
November 20, 2014
07:52 EDTGOOGL, GOOGGoogle loss of Mozilla unlikely to have material impact, says Credit Suisse
Credit Suisse said Google's (GOOGL) loss of Mozilla as an affiliate to Yahoo (YHOO) will unlikely have a material impact on revenue and said EBITDA will only be impacted by .2%-.5%. Shares are Outperform rated with a $722 price target, down from $723 due to an error in a previous note.
06:48 EDTGOOGNetflix's Kelly Merryman to join YouTube, TechCrunch reports
Subscribe for More Information
06:28 EDTGOOGBillboard 200 chart to include on-demand streaming in rankings
The Billboard 200 albums chart will premiere its biggest upgrade in more than 23 years, transforming from a pure sales-based ranking to one measuring multi-metric consumption. Beginning with the top 10 revealed on Wednesday, Dec. 3, on Billboard.com, the chart, which currently tracks the top 200 albums of the week by sales alone, will be the first to include on-demand streaming and digital track sales -- as measured by Nielsen Entertainment (NLSN) -- by way of a new algorithm. It is the most substantial methodology update since May 1991, when Billboard first used Nielsen's point-of-sale data -- SoundScan -- to measure album sales. The updated Billboard 200 will utilize accepted industry benchmarks for digital and streaming data, equating 10 digital track sales from an album to one equivalent album sale, and 1,500 song streams from an album to one equivalent album sale. All of the major on-demand audio subscription services are considered, including Spotify, Beats Music (AAPL), Google Play (GOOG) and Xbox Music (MSFT). Reference Link
November 19, 2014
14:59 EDTGOOGL, GOOGGoogle acquires iOS prototyping tool maker RelativeWave
Subscribe for More Information
11:22 EDTGOOG, GOOGLGoogle to launch app store in China, The Information reports
Google intends to reverse its prior policy and distribute a version of its Google Play app store with phone makers and other potential partners in China, according to The Information, citing several people with knowledge of the company’s plans. Reference Link
10:29 EDTGOOGGoogle now top competitor to Apple, Jefferies says
Subscribe for More Information
09:57 EDTGOOGGoogle management to meet with Piper Jaffray
Subscribe for More Information
09:38 EDTGOOGCCS Insight predicts Netflix to be acquired next year, FT reports
CCS Insight, a U.K.-based technology research firm, is predicting that a major internet player such as Yahoo (YHOO), Alibaba (BABA) or Google (GOOG) will buy Netflix (NFLX) next year, reported Financial Times. Reference Link
08:02 EDTGOOGApple's top competition is Google, says Jefferies
Jefferies calls Google (GOOG) Apple's (AAPL) top competition after its analysis indicated that the search engine giant provides the majority of most popular Consumer Cloud Services, which it believes are expanding penetration through Android, Chrome, iOS, Windows and other devices. By contrast, Apple's iCloud remains focused on iOS devices, Jefferies points out. It keeps a Hold rating on Apple shares, saying Google dominates as provider of the most popular services, including Search, Maps, Chrome, and YouTube. To reflect positive supply chain data points, Jefferies raised its FY15 earnings estimate for Apple to $8.52 to $8.01. It also upped its price target for Apple shares to $120 from $112. The stock closed yesterday up $1.48 to $115.47.
November 18, 2014
09:27 EDTGOOGL, GOOGGoogle's Q4 gross ad revenues tracking slightly ahead, says ITG Research
ITG Research said Google's Q4 gross ad revenue is tracking to $16.35B vs. consensus of $16.29B.
06:08 EDTGOOGIntel's 'Mica' bracelet to feature Google alerts, AT&T data plan, Re/code says
Subscribe for More Information
November 17, 2014
07:28 EDTLNVGYSamsung pushing supply chain to cut OLED panel component prices, DigiTimes says
Samsung Display (SSNLF), which is looking to be price competitive with its own smartphone and has also attracted new customers including Motorola Mobility, Dell and Lenovo (LNVGY) that are developing Samsung Display OLED technology either in smartphones or notebooks, is pushing supply chains, including backlight makers, to lower pricing for components by as much as 30% during Q4, said DigiTimes. Reference Link
06:23 EDTGOOGFacebook working on 'Facebook at Work' website, FT reports
Subscribe for More Information
06:10 EDTGOOGGoogle partners with Telstra to test Project Loon in Australia, SMH reports
Subscribe for More Information
November 14, 2014
17:07 EDTGOOGSoros Fund Management gives quarterly update on stakes
Subscribe for More Information
06:00 EDTGOOGGoogle to retire Google Wallet for digital goods API on March 2, 2015
Subscribe for More Information
November 13, 2014
14:26 EDTGOOGL, GOOGAVG Technologies, Google renew Internet search and advertising agreement
AVG Technologies (AVG) announced earlier it has signed a renewal of its Internet search and advertising services agreement with Google (GOOG; GOOGL). The agreement has a 16-month term. AVG Technologies advised that the company's news release earlier today included an incorrect statement of the terms of the Google contract.
11:51 EDTLNVGYLenovo selected by Fixnetix as x86 server technology partner
Lenovo announced that Fixnetix, a managed service provider, chose Lenovo as its x86 server technology partner for its managed services contract at one of the world’s largest global banks. The estimated $3.5M deal, includes 700 System x3650 M4 servers, upgraded maintenance and flexible financing.
06:22 EDTGOOG, LNVGYLenovo, Asustek to launch $149 Chromebook, DigiTimes reports
Lenovo and Asustek plan to release Chromebooks using Google (GOOG) certified solutions from Rockchip in 1H15, reports DigiTimes. According to DigiTimes Resarch's latest finding from the Greater China supply chain, the devices are expected to be priced at $149. Reference Link
06:20 EDTGOOG, GOOGLAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use