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Stock Market & Financial Investment News

News For GOOG;MSFT;AAPL;AMZN;RIMM From The Last 14 Days
Check below for free stories on GOOG;MSFT;AAPL;AMZN;RIMM the last two weeks.
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May 21, 2013
19:39 EDTGOOGGoogle tax behavior to be criticized by U.K. party leader, Reuters says
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16:04 EDTAAPLOptions Update; May 21, 2013
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15:40 EDTMSFTGameStop off lows after Microsoft says Xbox One will allow resale of games
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15:39 EDTMSFTMicrosoft says Xbox One will allow resale, trade-in of games, Bloomberg says
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15:24 EDTMSFTMicrosoft Xbox One seems to restrict used games, Kotaku says
Microsoft's (MSFT) Xbox One won't require an "always-on" Internet connection, but could very well block used games, Kotaku said, based on a company response given to a question posed by Wired. The Fly notes that GameStop (GME) shares are down 4.75% to $36.92 in late day trade following Microsoft's Xbox One event. Reference Link
14:18 EDTMSFTElectronic Arts announced EA Sports Ignite for Xbox One
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14:16 EDTMSFTMicrosoft announces Xbox One
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14:12 EDTMSFTNVIDIA announces PhysX support for Microsoft Xbox One
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14:05 EDTMSFTMicrosoft, NFL in multiyear agreement
Microsoft and the National Football League announced a multiyear partnership that will deliver a unique, interactive NFL television experience for the next-generation Xbox One and leverage Microsoft devices and services to evolve the in-game, sideline experience for coaches, players and other personnel. The agreement provides Microsoft with the rights to create exclusive interactive experiences through products such as Xbox One and Surface. As part of the partnership, Surface by Microsoft branding will appear on NFL sidelines, including on the hoods of the official on-field NFL instant replay stations. As part of the relationship, Microsoft will be granted the following designations: Xbox remains "The Official Game Console of the NFL" and will also become "The Official Interactive Video Entertainment Console"; Microsoft is "The Official Sideline Technology Sponsor of the NFL"; Surface by Microsoft and Windows are "The Official Tablet and PC Operating System of the NFL."
13:54 EDTMSFTActivision's Call of Duty downloadable content will come first to Xbox One
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13:50 EDTMSFTMicrosoft announces partnership with National Football League
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13:48 EDTMSFTMicrosoft announces live action Halo television series
Steven Spielberg to be involved with Halo series.
13:30 EDTMSFTElectronic Arts says starting new strategic partnership with Microsoft
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13:24 EDTMSFTMicrosoft unveils 'Xbox One' featuring voice, gesture control
Microsoft says next-generation video game system, to be called "Xbox One," will be an all-in-one system for entertainment. Says newly redesigned Kinect will allow for voice and gesture control of device. Information from live blog of Xbox event.
10:59 EDTMSFTMicrosoft to hold a company event
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10:42 EDTGOOGGoogle tests support at $900, levels to watch
The shares have had an amazing run-up over the last month, gaining nearly 14% in the process. Today, support at the $900 level is being tested with shares having broken that level to reach $897.61 and then bouncing slightly back above $900. If the stock can close back above $900 today, it will have passed the first test of support at this area. If it fails to do so, it could give bears in the stock an opportunity to sell and chase out longs in the name. First support today is at the session low at $897.61. Resistance is at $903.87.
09:48 EDTMSFTMicrosoft breakout continues, levels to watch
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09:42 EDTAAPLActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C
09:34 EDTAAPLApple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46.
09:07 EDTAMZNAmazon.ca introduces Amazon Cloud Drive for Canada
All customers get 5 GB of free storage. Additional storage plans start at C$10 a year, the company said.
08:12 EDTAAPLSenate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link
07:50 EDTAAPLIreland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link
07:25 EDTMSFTMicrosoft price target raised to $40 from $33 at UBS
UBS believes Microsoft's shares can continue to move higher driven by improved earnings visibility, cloud momentum, a bottom in PC weakness, enterprise strength, and expectations for a seasonally strong 2H 2013. As a result, the firm reiterates its Buy rating and raised its price target to $40 from $33.
07:05 EDTAAPLSenate report says Apple avoided paying taxes on $44B of income, Politico says
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06:39 EDTMSFTMicrosoft to begin shipping volume shipments of new Xbox in Q3, Digitimes says
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05:33 EDTAMZNAmazon Web Services achieves FedRAMP compliance for AWS GovCloud
Amazon Web Services, or AWS, an Amazon.com company, announced AWS GovCloud and all U.S. AWS Regions have received an Agency Authority to Operate, or ATO, from the U.S. Department of Health and Human Services, or HHS, under the Federal Risk and Authorization Management Program, or FedRAMP, requirements at the Moderate impact level. FedRAMP is a U.S. government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. With this distinction, AWS has demonstrated it can meet the extensive FedRAMP security requirements and as a result, an even wider range of government customers can leverage AWS's secure environment to store, process, and protect a diverse array of sensitive government data. Leveraging the HHS authorization, all U.S. government agencies now have the information they need to evaluate AWS for their applications and workloads, provide their own authorizations to use AWS, and transition workloads into the AWS environment.
May 20, 2013
17:12 EDTAAPLApple has avoided paying taxes on operations for five years, U.S. Senate says
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17:11 EDTAAPLApple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added.
16:02 EDTAAPL, GOOGOptions Update; May 20, 2013
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15:19 EDTAAPLApple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link
12:04 EDTAAPLApple rumored to be testing OLED for iWatch, AppleInsider says
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09:40 EDTGOOG, AAPLActive equity option families trading
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08:40 EDTMSFTBarnes & Noble could rise above $30 a share, Barron's says
Barnes & Noble (BKS) shares are up about 15% since TechCrunch said Microsoft (MSFT) may pay $1B for its Nook e-reader business but the stock may have another 50% upside to $30 per share based on Barnes & Noble's asset value, contended Barron's in a report this weekend. Barron's, however, called the situation "admittedly tough to assess" because neither Microsoft nor B&N will comment on the purchase rumor. The Fly notes Barnes & Noble shares are up 4% to $20.80 in pre-market trading. Reference Link
07:53 EDTGOOGGoogle ex-employee claims evidence of U.K. tax evasion, FT says
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07:42 EDTMSFTCohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22.
07:32 EDTMSFTSociety for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24.
06:27 EDTAAPLApple MacBook orders to rise 20% sequentially in Q2, DigiTimes says
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06:23 EDTAAPLApple next-generation iPad trial production to begin soon, Digitimes says
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May 19, 2013
18:59 EDTMSFTCisco looks the best out of tech comeback stocks, Barron's says
Cisco (CSCO), Intel (INTC), and Microsoft (MSFT) stocks have jumped this month, however, Intel and Microsoft's revenue growth declined, due to their reliance on the PC market, providing Cisco with an opportunity to pull ahead in the technology sector, Barron's contends in its Technology Trader column. Cisco looks moderately priced, the paper adds. Reference Link
14:49 EDTMSFTMicrosoft set to unveil new Xbox amid stiff competition, Reuters says
Facing stiff competition from Sony's (SNE) PlayStation 4 and the Wii U by Nintendo (NTDOY), Microsoft (MSFT) is set to unveil its new Xbox game console, says Reuters. Reference Link
May 17, 2013
16:00 EDTGOOG, AAPLOptions Update; May 17, 2013
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14:03 EDTGOOGMarket set to finish week with gains after Cisco results, comments
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12:13 EDTAAPLSamsung says S4 sales to reach 10M next week, Korea Times says
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12:01 EDTAAPLiPad mini panel shipments from AUO expected to drop this quarter, DigiTimes says
AU Optronics' (AUO) shipments of panels for Apple's (AAPL) iPad minis are expected to sink to 2.5M-2.8M in Q2 from 4M in the first quarter, Taiwan-based supply chain sources stated, according to DigiTimes. Reference Link
11:05 EDTAAPLApple devices approves for use on U.S. military networks, Bloomberg says
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10:17 EDTMSFTMicrosoft continues its quiet stealth rally, levels to watch
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09:57 EDTAAPLApple devices approved for use by Pentagon, Bloomberg reports
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09:38 EDTGOOGGoogle rises following price target bump, levels to watch
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09:37 EDTAAPL, GOOGActive equity option families trading on open
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08:53 EDTGOOGGoogle price target raised to $1,065 from $875 at Argus
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08:29 EDTMSFTJPMorgan's business and information services analyst holds a conference call
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07:11 EDTAAPLApple to suggest tax reform for offshore cash, Bloomberg reports
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07:10 EDTGOOG, AMZNU.K. to question Amazon over income tax, Reuters reports
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06:43 EDTAAPL, AMZNApple disputing government's e-book allegations, NY Times says
Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link
06:36 EDTGOOGGoogle to add new apps to Google Glass, NY Times says
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06:12 EDTAAPL, AMZNApple losing its edge as innovator, poll shows, Bloomberg reports
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06:06 EDTAMZN, AAPLOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports.
May 16, 2013
18:42 EDTGOOGGoogle sent letter by Congress over Glass privacy issues, WSJ reports
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14:01 EDTAAPL, GOOGOptions Update; May 16, 2013
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13:05 EDTGOOG, AAPLSpending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link
10:25 EDTMSFT, GOOGMicrosoft discussing 'glasses' tech with Vuzix, NY Post says
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10:20 EDTAAPLApple reverses sharply higher after breaking below $420
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10:03 EDTAAPL, AMZNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen.
09:44 EDTAAPLApple falls in early trading, levels to watch
The shares are down over 1.6% to $420.77. At that price, next support is at $419.85. Resistance is at $424.85. Among issues that could be contributing to the price decline are continued cutting of postions by hedge funds long the stock, a news item that Apple and its supplier Foxconn are violating work-hour laws in China, and a U.S. Senate inquiry into its treatment of taxes and non-patriated foreign profits.
09:36 EDTAAPL, GOOGActive equity option families trading on open
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09:24 EDTAMZNAmazon.com expands content licensing agreement with NBCUniversal
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08:36 EDTAAPLApple says over 50B apps downloaded from App Store
Apple announced that customers have downloaded over 50B apps from its App Store. Customers are downloading more than 800 apps per second at a rate of over two billion apps per month on the App Store, the company added.
07:40 EDTAAPLFoxconn and Apple exceeding work-hour laws in China, WSJ reports
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07:36 EDTGOOGGoogle price target raised to $1,025 from $830 at RW Baird
RW Baird raised its price target for Google shares to $1,025 following the company's I/O conference and keeps an Outperform rating on the name. Baird thinks Chrome continues to gain momentum and that yesterday's event highlighted Google's technology advantages. Shares of Google closed yesterday up $28.79 to $915.89, and are indicated up another $5.66 in pre-market trading.
07:10 EDTGOOGGoogle to help with supercomputing project, WSJ reports
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07:02 EDTGOOG, MSFTYouTube demands that Microsoft pull YouTube app, The Verge reports
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06:47 EDTAAPLApple initiated with a Neutral at Susquehanna
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06:46 EDTAMZNAmazon.com initiated with a Buy at Lazard Capital
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06:23 EDTMSFTMicrosoft second-generation Surface to be between $249-$299, DigiTimes says
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06:21 EDTMSFTMicrosoft to launch 8-inch Surface in June, Digitimes says
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06:08 EDTGOOGOn the Fly: Periodicals Wrap-Up
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05:59 EDTGOOG, MSFTHigh tech firms involved in immigration battle, WSJ reports
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May 15, 2013
17:46 EDTAMZNSAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), .
17:09 EDTGOOG, AAPL, MSFTGreenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG).
17:03 EDTAAPL, GOOGSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
16:24 EDTGOOGOn The Fly: Closing Wrap
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16:08 EDTMSFT, GOOGGoogle sites lead U.S. April searches with 66.5% of searches, comScore says
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16:02 EDTAAPL, GOOGOptions Update; May 15, 2013
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15:55 EDTAAPLApple slide attributed to 13F filings, bearish '$240 per share' call, BI says
With Apple's stock down sharply over the last two days, analysts and media sources searching for a reason have pointed to 13F filings that show hedge funds have been trimming or liquidating their positions, as well as a publicized call from an Apple bear who said the stock is only worth $240 per share based on its Return On Invested Capital, said Business Insider. Reference Link
14:27 EDTGOOGGoogle unveils redesigned Maps for mobile
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13:26 EDTMSFTMicrosoft to grow tablet sales outlets by about 50% in Japan, Nikkei says
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13:20 EDTAAPLApple's slide picks up momentum, levels to watch
The shares have been on a very steady downward track today, last at $426.45. That is a loss of over 3.9%. At current price, next support would be at $420.05. Resistance is at $428.43.
13:01 EDTGOOGGoogle says Chrome browser now has over 750M users
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12:59 EDTGOOGGoogle confirms plan to sell Samsung Galaxy S4 in Google Play store
Says GS4 will be available on AT&T (T) and T-Mobile (TMUS) networks.
12:53 EDTGOOGGoogle says All Access music service available for $9.99 per month
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12:49 EDTGOOGGoogle announces subscription streaming music service
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12:26 EDTGOOGGoogle announces Google Play Game Services
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12:13 EDTGOOGGoogle says 900M Android devices now activated worldwide
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11:37 EDTMSFT, AAPLMicrosoft replacing Xbox points with gift cards, currency, The Verge reports
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10:02 EDTGOOGGoogle breaks out above round-number resistance at $900
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10:01 EDTGOOGGoogle volatility decreases as shares rally to record into Google I/O
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09:55 EDTAAPLApple slides further, levels to watch
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09:55 EDTAAPLTiger Management liquidates stake in Apple
Julian Robertson's Tiger Management disclosed today in its quarterly filing that it held no position in Apple. The hedge fund reported owning 42K shares of Apple as of December 31, 2012.
09:43 EDTGOOGActive equity option families trading on open
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09:32 EDTAAPLInvenSense has multiple positive catalysts, says Pacific Crest
Pacific Crest thinks that InvenSense (INVN) remains extremely well positioned to penetrate Apple (AAPL) this year. The firm expects InvenSense to recover market share on Samsung's (SSNLF) Galaxy Note 3, and it recommends buying InvenSense shares.
09:25 EDTAAPLApple unlikely to launch low cost iPhone, says Pacific Crest
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09:19 EDTGOOGOn The Fly: Pre-market Movers
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08:56 EDTAAPLApple fingerprint sensor seems confirmed by PayPal exec, BGR says
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08:33 EDTGOOGGoogle to announce "pure" Android version of Galaxy S4, Geek.com says
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08:19 EDTAAPL, GOOGSamsung shipped 6M Galaxy S4 devices through May 10, androidcentral says
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08:19 EDTAMZNAmazon paid $3.7M tax in U.K.on $6.B in sales, Reuters reports
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08:08 EDTAAPLPC sales decline in Western Europe, Economic Times reports
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07:39 EDTGOOGGoogle to host a conference
Google I/O 2013 is being held in San Francisco on May 15-17.
07:38 EDTMSFTMicrosoft has numerous potential catalysts, says Stifel
Stifel names the release of Windows 8.1, a stabilization of the PC market, and the launch of Windows devices costing less than $500 as potential catalysts for Microsoft. The firm raised its price target on the shares to $38 from $36 and keeps a Buy rating on the stock.
07:26 EDTGOOGGoogle price target raised to $996 from $932 at Morgan Stanley
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07:21 EDTGOOGPandora down 4% to $16.10 after reports of Google music service
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06:52 EDTGOOGGoogle won't connect YouTube, Google Play music offerings, AllThingsD says
Google is expected to launch music subscription services on both YouTube and Google Play, but won't connect the two services, unnamed music industry sources stated, according to AllThingsD.As a result, YouTube's free music won't help sell subscriptions to Google Play's service, the website stated. Reference Link
06:42 EDTAAPLU.S. says Apple was "ringmaster" in e-book price fixing scheme, NY Times says
The Justice Department is alleging that Apple (AAPL) was "the ringmaster" in an e-book price fixing scheme, according to The New York Times, citing a lawsuit filed by the agency. One piece of evidence the agency is using to try to prove that charge is an e-mail from former Apple CEO Steve Jobs to News Corp's (NWSA) James Murdoch, in which Jobs allegedly suggested that the two companies set specific prices for e-books, the newspaper added. Reference Link U
May 14, 2013
18:39 EDTGOOGGoogle to launch Spotify-like music service, WSJ reports
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17:50 EDTGOOGGoogle to launch Spotify-style streaming music service, DJ reports
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16:00 EDTAAPLOptions Update; May 14, 2013
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15:36 EDTMSFTMicrosoft confirms Windows 8.1 update scheduled for June 26
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15:16 EDTAAPLApple fades to session lows, down over 2%, levels to watch
The shares last hit $443.92 at time of writing. Next support below is at $439.29. Resistance is at $445.25, a prior pivot high.
13:59 EDTAAPLApple shares drop, down 2% to $445.84
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13:54 EDTGOOGGoogle CEO Page discloses left vocal chord paralysis
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11:12 EDTAAPL, GOOGBlackBerry plans to bring BBM to iOS, Android this summer
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11:01 EDTGOOG, AAPLBlackBerry says bringing BBM platform to iOS, Android
Says BBM on Google's (GOOG) Android and Apple's (AAPL) iOS to start with messaging, other BBM features to follow. Comment from CEO Thorsten Heins speaking at BlackBerry Live event.
10:07 EDTAAPLGroupon introduces Breadcrumb point-of-sale app for iPad
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09:54 EDTGOOGSynacor to present Cloud ID with Google+
Synacor (SYNC) announced it will demo Cloud ID Social Login with Google+ and advanced TV Everywhere technologies in the Developer Sandbox at Google I/O, May 15-17.
09:38 EDTAAPLActive equity option families trading on open
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09:25 EDTGOOGGoogle to expand Fiber service to Gladstone, Missouri
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08:18 EDTAAPLDavid Tepper says Citigroup position 'more than twice' Apple stake
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08:16 EDTAAPLDavid Tepper says Apple shares 'ok' at current levels
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08:15 EDTAAPLDavid Tepper says still owns Apple, cut stake 'a little bit'
David Tepper of Appaloosa Management is speaking on CNBC.
07:54 EDTAMZNAmazon's employees in Germany to strike for pay, benefits, Reuters reports
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07:50 EDTAAPLApple to reach 50B app downloads before Wednesday, Fortune reports
Apple is expected to reach 50B app downloads in before midnight Tuesday, reports Fortune. With apps being downloaded at the rate of 580 per second today, things may accelerate considerably as the goal approaches. Reference Link
07:50 EDTAAPLSharp to seek increased sales to Samsung, Reuters reports
Sharp Corp. (SHCAY), a supplier to Apple (AAPL), will look to increase sales to rival Samsung Electronics (SSNLF) under a three-year rehabilitation roadmap to secure its survival, reports Reuters. The business plan is expected to be released today, and will lean further on banks that last year saved it from failure, as a $2B convertible bond will fall due in September, sources say. Reference Link
07:32 EDTGOOGGoogle ordered to change search hints by German court, AP reports
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07:27 EDTMSFTNokia introduces Lumia 925 with metal body, PureView camera
Nokia (NOK) introduced the Nokia Lumia 925, which introduces a metal design and includes the most advanced lens technology and next generation imaging software for clearer, sharper pictures and video, including the best low light images. The Nokia Lumia 925 also introduces the new Nokia Smart Camera mode, coming as an update to all Lumia Windows Phone 8 smartphones. The Lumia 925 is being introduced into Europe with Vodafone (VOD), along with other operator and retail partners. In addition to Europe, the Nokia Lumia 925 will be introduced into the US by T-Mobile (TMUS) and into China by China Mobile (CHL) and China Unicom (CHU). Sales are expected to start in the U.K., Germany, Italy, Spain and China in June, followed by the U.S. and a number of other markets.
07:05 EDTAMZNNetflix continues to lead web usage in North America, AllThingsD reports
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06:52 EDTGOOGGoogle likely to focus on new Android services at conference, AllThingsD says
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06:22 EDTAAPLGartner reports Q1 mobile phone sales growth
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05:53 EDTAAPL, MSFTWeb browsers are being reinvented, WSJ reports
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May 13, 2013
16:25 EDTMSFTOn The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77.
15:45 EDTAAPLOptions Update; May 13, 2013
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15:22 EDTAMZNAmazon confirms purchase of Samsung screen technology, The Digital Reader says
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14:24 EDTMSFTBarnes & Noble tumbles after blog pans potential Nook deal
Shares of Barnes & Noble (BKS) are sinking after website Insider Monkey stated that Microsoft (MSFT) doesn't plan to buy the book retailer's NOOK Media unit in the near future. Last Thursday another website, TechCrunch, reported that Microsoft was considering acquiring NOOK Media, which includes NOOK devices and other digital businesses, for $1B. WHAT'S NEW: "Nothing imminent is happening" between Microsoft and NOOK, Insider Monkey quoted a "highly placed source" at Microsoft as saying. TechCrunch's story was "only a rumor," the unnamed source added, according to Insider Monkey. WHAT'S NOTABLE: Microsoft has already invested $300M in NOOK Media in exchange for a stake of about 17% in the unit. The New York Times last week quoted a source as saying that the TechCrunch story was based on valid documents, but that they appeared to be at least several weeks old. The book retailer's stock surged over 20% on Thursday after TechCrunch published its story. TODAY'S PRICE ACTION: In mid-afternoon trading, Barnes & noble fell $2.90, or 12.40%, to $20.40.
13:38 EDTMSFTMicrosoft, Barnes & Noble NOOK deal unlikely, InsiderMonkey says
A report by InsiderMonkey, citing a "highly placed source inside Microsoft (MSFT)," says reports last week that Microsoft may look to acquire buy Barnes & Noble's (BKS) NOOK Media assets were only a rumor, with the source adding that "[Microsoft] has no intention of acquiring the NOOK unit." Shares of Barnes & Noble, which had been flat for the session, are now sharply lower, down $2.86, or 12.17%, to $20.45. Reference Link
13:21 EDTGOOGGoogle unifies storage limit, says 15 GB available free across services
Google announced earlier in a blog post that its users will now get 15 GB of unified storage for free to use between Drive, Gmail, and Google+ Photos. The changes to Google Drive storage will roll out over the next couple of weeks and Google Apps users will also be getting shared storage, the company said. Reference Link
10:24 EDTAAPLFollow-up: Wedge Partners believes InvenSense shipping units to Apple
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09:39 EDTAAPLActive equity option families trading
Active equity option families trading on open according to Track Data: AAPL C TSLA LVS GILD FSLR
08:14 EDTGOOGGoogle volatility at low end of range as shares near record high into Google I/O
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07:58 EDTAAPLBarclays' technology research team holds analyst/industry conference call
Analyst Research Team discusses the supply chain and major trends on an Analyst/Industry conference call to be held on May 13 at 10 am.
07:49 EDTGOOGGoogle price target raised to $950 from $875 at BofA/Merrill
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06:40 EDTGOOG Facebook Home not very popular so far, AllThingsD says
Less than 1M people have downloaded Facebook's (FB) new Android app, Facebook Home, since the app was released about a month ago, AllThingsD reported Friday afternoon, citing statements by the social network. As far as popularity is concerned, the app is "not exactly a home run," AllThingsD stated. On the other hand, it is only currently available for five devices that use Google's (GOOG) Android operating system, the website added. Reference Link
05:53 EDTMSFTU.K. game industry experiences a revival, WSJ reports
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May 12, 2013
18:49 EDTAAPLABC app to let users live stream local programming, NYT says
ABC, a unit of the Walt Disney Company (DIS), will unveil the "live" function for its app for iPhones (AAPL) and iPads, allowing users around New York and Philadelphia to live stream all the programming from ABC’s local stations there, says the New York Times. Reference Link
15:18 EDTGOOGGoogle+ struggles to win over brands, Reuters says
Two years after introducing Google+ the search giant is struggling to win over the brands and businesses that are its best customers in the Internet search market, Reuters says. Reference Link
May 11, 2013
14:26 EDTAAPLPentagon expects to give clearance for Apple mobile devices, Bloomberg says
The U.S. Defense Department plans to give clearance for Apple mobile devices for use on its networks early next week, says Bloomberg, citing a Pentagon spokeswoman. Reference Link
May 10, 2013
16:01 EDTGOOG, AAPLOptions Update; May 10, 2013
CBOE Volatility Index VIX down 56c to 12.57. Option volume leaders: BIDU AAPL TSLA GOOG C MBI MGM according to Track Data.
14:52 EDTAMZN, GOOGMarket poised to end week higher as tech helps lead advance
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10:53 EDTGOOGFacebook adds Facebook Home launcher to more Android phones, androidcentral says
Facebook (FB) has added the Facebook Home launcher to a number of smartphones using Google's (GOOG) Android operating system, including Samsung's (SSNLF) Galaxy S4 and the HTC One, androidcentral reported last night. Reference Link
09:38 EDTGOOG, AAPLActive equity option families trading
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09:35 EDTGOOGGoogle may announce improved Nexus 7 with same price at I/O, CNET says
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08:03 EDTAAPLLenovo to sell smartphones in Africa, beginning with Nigeria, Bloomberg reports
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07:48 EDTMSFTMicrosoft says Yammer sales up 259%, added 312 customers in quarter
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07:24 EDTAMZNAlibaba to expand beyond China, Economic Times reports
Alibaba is looking to expand beyond its home market in China by targeting overseas Chinese through its flagship e-commerce website Taobao, reports the Economic Times. Taobao is China's most popular e-shopping platform, with over 90% of the online market for consumer-to-consumer transactions in the country. It had more than 800M product listings and over 500M registered users as of last year. Reference Link
07:08 EDTAMZNESPN considers subsidizing wireless data plans, WSJ reports
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07:07 EDTAAPLApple margin decline concerns overblown, says Piper Jaffray
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May 9, 2013
16:47 EDTMSFTOn The Fly: Closing Wrap
Stocks on Wall Street were lower, breaking the recent streak of the Dow and S&P 500 setting new closing highs. The averages moved higher during the afternoon, as the dollar topped the Y100 level for the first time in three years, though the averages fell again and failed to regain positive territory into the close. ECONOMIC EVENTS: In the U.S., jobless claims fell 4K from the prior week to 323K, which was below the consensus 335K claim forecast. Wholesale inventories rose 0.4% in March, which matched expectations. In Asia, Chinese consumer prices increased 2.4% in April, which was just above expectations, and producer prices fell 2.6%, which was more than expected. Also, the Bank of Korea unexpectedly cut its interest rate. COMPANY NEWS: Two heavily shorted stocks, Tesla (TSLA) and Green Mountain Coffee Roasters (GMCR), surged after reporting quarterly earnings after yesterday's close. Tesla added $13.61, or 24.4%, to $xx 69.40 after its top and bottom line results beat Street estimates and it raised its full-year vehicle delivery outlook to 21,000 from 20,000 vehicles. Green Mountain shares gained $16.56, or 27.84%, to $76.04 after the company's earning came in better than expected and it announced a long-term strategic partnership with Starbucks. MAJOR MOVERS: Among the notable gainers was Barnes & Noble (BKS), up $4.31, or 24.25%, to $22.08 after a report saying Microsoft (MSFT) is considering acquiring the digital assets of Nook Media. Also higher was News Corp. (NWSA), up $1.43, or 4.49%, to $33.29 after its third quarter earnings were in-line and its revenues topped consensus estimates. Among the noteworthy losers Rackspace (RAX), down $12.88, or 24.66%, to $39.36 after its second quarter revenue missed Street estimates and its stock received downgrades from at least four analyst firms. Also lower following its quarterly report was Monster Beverage (MNST), which fell $2.96, or 5.2%, to $54.01. INDICES: The Dow was down 22.50, or 0.15%, to 15,082.62; the Nasdaq was down 4.10, or 0.12%, to 3,409.17; and the S&P 500 was down 6.02, or 0.37%, to 1,626.67.
15:25 EDTAAPLRoyalty talks for Apple's iRadio hit snag, FT reports
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15:04 EDTGOOGGoogle's YouTube announces subscription content
On the official YouTube blog, Google unit YouTube announced it is launching a pilot program for some partners that will offer paid channels on YouTube with subscription fees starting at 99c per month. Reference Link
14:30 EDTGOOGOptions Update; May 9, 2013
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13:41 EDTAMZNAmazon hardware developments include phone with 3D screen, WSJ reports
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13:21 EDTAMZNAmazon has been developing smartphone with 3D screen, DJ reports
Dow Jones, citing sources, says Amazon has been developing a smartphone with a 3D screen, and has been developing an audio-only streaming device.
12:53 EDTAAPLGundlach says would own Apple vs. short over next six months
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12:52 EDTAAPLGundlach says 'not positive or negative' on Apple shares
DoubleLine CEO Jeff Gundlach is speaking on CNBC.
12:51 EDTAAPLGundlach says Apple shares 'not expensive at all'
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12:51 EDTAAPLGundlach says Apple short covered, 'easy money' has been made
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12:35 EDTMSFTOn The Fly: Midday Wrap
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09:38 EDTGOOG, AAPLActive equity option families trading
Active equity option families trading on open according to Track Data: TSLA AAPL GOOG MNST BIDU MCD.
09:19 EDTMSFTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference.
07:44 EDTMSFTMicrosoft new CFO positive, says Oppenheimer
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07:37 EDTMSFTBarnes & Noble volatility flat into Microsoft may acquire Nook Media assets
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07:12 EDTAAPLApple parts assembler increases China workforce 40%, Bloomberg reports
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06:40 EDTMSFTMicrosoft may acquire Nook Media assets for $1B, TechCrunch reports
Microsoft (MSFT) is considering to acquire the digital assets of Nook Media for $1B, reports TechCrunch. Microsoft would redeem preferred units of Nook Media, a joint venture with Barnes & Noble (BKS) and other investors. Nook Media may also plan to discontinue its Android-based tablet business by end of FY14. Reference Link
06:10 EDTAAPLOn the Fly: Periodicals Wrap-Up
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05:50 EDTAAPLSamsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link
May 8, 2013
16:07 EDTMSFTMicrosoft names Amy Hood new CFO
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16:00 EDTAAPLOptions Update; May 8, 2013
CBOE Volatility Index VIX down 17c to 12.66. Option volume leaders: BAC GOOG C AAPL DIS X XOM according to Track Data.
14:48 EDTGOOGDruckenmiller says Google his largest holding in U.S.
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13:40 EDTAAPLWater pours into Apple store in NYC, New York Post says
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11:22 EDTAMZNBoehner says he probably won't back online sales tax bill, The Hill says
House Speaker John Boehner said he probably cannot support a bill that would allow states to receive sales taxes from online transactions, since he believes the bill is too burdensome to small businesses, The Hill reported last night. Reference Link
10:55 EDTAAPLSharp to reportedly start iPhone 5S LCD production in June, Apple Insider says
Sharp (SHCAY) is supposedly readying one of its Japanese plants to begin manufacturing LCDs for Apple's (AAPL) "iPhone 5S" in June, said Apple Insider, citing Japan's Nikkan Kogyo Shimbun. Reference Link
10:16 EDTAAPLApple spikes higher from the lows, levels to watch
The stock has taken off to the upside from early lows in an intraday pattern almost exactly that of Google (GOOG) which is trading at session highs as well. At the current price of $463.01, next resistance is at $464.52. Support is at $460.53. Traders for today at least may want to track the high correlation of Google and Apple as it is relatively rare and may be a footprint of a buy program.
09:37 EDTAAPL, GOOGActive equity option families trading on open
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08:54 EDTGOOGGoogle Maps alleged redesign leaked, electronista reports
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08:23 EDTGOOGFrance, Germany want Google pressed on taxes, Reuters reports
German and French politicians will press for Google to be questioned on corporate income tax after a Reuters report highlighted how the company employs sales staff in the U.K. while telling the tax authorities that sales are made from Ireland, reports Reuters. British lawmakers plan to call Google to testify again to a parliamentary committee to clarify what work it does there. Reference Link
07:26 EDTAAPLT-Mobile USA says 500K iPhone 5 sold to date
T-Mobile USA (TMUS) said, to date, the company has sold approximately 500,000 iPhone5's to new and existing customers. T-Mobile began selling Apple's (AAPL) iPhone at all company-owned stores in combination with the new Simple Choice service plan on April 12, the company noted.
07:18 EDTMSFTLockheed Martin to host a conference
13th Annual Information Technology Day is being held in Kennewick, Washington on May 8.
07:10 EDTAAPLSamsung faced with hugh cash pile, WSJ reports
Samsung (SSNLF) now faces a new, enviable Apple-like (AAPL) challenge: a mammoth pile of unspent, accumulated cash. The company said its cash and cash equivalents grew to nearly $40B at the end of March. After stripping out debt, their net cash position is $28.5B, reports the Wall Street Journal.Reference Link
06:15 EDTAAPL, GOOGApple wants Google documents in Samsung suit, Bloomberg reports
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06:05 EDTAAPLOn the Fly: Periodicals Wrap-Up
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May 7, 2013
19:17 EDTMSFTYahoo! wants out of search deal with Microsoft, WSJ reports
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16:01 EDTAAPLOptions Update; May 7, 2013
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15:23 EDTAAPLSohn conference presentations likely to move stocks again
The Sohn Investment Conference is set to take place tomorrow in New York City. Among the notable presenters are David Einhorn, Bill Ackman, and Jeff Gundlach, each of whom presented a year ago. LOOKING BACK: A year ago, both Gundlach and Einhorn addressed Apple (AAPL) in their presentations, taking opposite sides of the trade. Gundlach said that he was short Apple, while Einhorn said he was long the stock. Gundlach reiterated his short position on Apple in a number of interviews during the year, including a prediction in January that Apple shares would reach $425 in the first quarter, a level the stock closed below on March 4. On April 29, Gundlach told CNBC he was no longer short Apple. Einhorn, meanwhile, filed a suit against the company in February in an effort to get it to distribute some of its cash hoard to investors. Earlier today, Einhorn said in an earnings conference call for Greenlight Capital that he has added to his Apple long position and praised the company's plan to return more capital to holders. Apple shares are down more than 19% over the last year, though shares have rallied more than 15% from their April lows. At last year's conference, Bill Ackman discussed his long position in J.C. Penney (JCP). Ackman, a member of Penney's board, said the company was going through with its in-store makeover strategy, led by then CEO Ron Johnson. J.C. Penney shares have slipped 50% over the last year, with Johnson leaving his CEO post on April 8. OTHER POSITIONS: Over the last year, both Einhorn and Gundlach have mentioned shorting Chipotle (CMG). In October, Einhorn recommended shorting Chipotle, saying Taco Bell (YUM) was a threat to the burrito chain. At a presentation last month, Gundlach said the idea of a gourmet burrito is an oxymoron. Shares of Chipotle are down more than 3% today ahead of tomorrow's conference, though neither investor has confirmed they hold short positions in its shares. In addition to his long position in J.C. Penney, Ackman has a high-profile short position in Herbalife (HLF), which he has called "a pyramid scheme." Ackman has been in a public spat with Carl Icahn over the company in which, according to Icahn's most recent SEC filings, he holds a better than 15% stake. Herbalife shares, which lost more than 39% following Ackman's initial presentation, are up slightly better than 1.5% since Ackman's initial comments. OTHER PRESENTERS: Investors will also be watching comments in any individual stocks from famed short-seller Jim Chanos, as well as comments from Kyle Bass, who has been outspokenly bearish on Japan. Also presenting is Paul Singer of Elliott Management, which is currently in a proxy fight with Hess (HES) in an effort to add five independent directors to the company's board. Keith Meister of Corvex Management, which along with Related Fund Management has been seeking change at CommonWealth REIT (CWH), is also set to take the stage.
14:06 EDTMSFTYahoo U.S. search revenue guarantee extended by Microsoft
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12:54 EDTAAPL, GOOG, MSFTGoogle rumored to be planning stores to sell Google Glass, Business Insider says
Google (GOOG) is rumored to be planning retail stores specifically to sell Google Glass, Business Insider reports, citing a source. Previous reports suggested Google was developing retail stores, like Apple (AAPL) and Microsoft (MSFT), to sell a variety of products. Reference Link
11:39 EDTAAPLSamsung to open mini-shops in 1,400 Best Buy stores, LA Times reports
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10:54 EDTGOOGMedia buyers upping budgets for FBX, site, search retargeting, eMarketer says
More media buyers are planning to increase their investments in site, search and Facebook Exchange re-targeting, according to eMarketer, citing a survey by media-buying platform Chango. Reference Link
10:19 EDTGOOGHack reveals AR app possibilities on Google Glass, engadget says
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10:05 EDTAMZNeBay April SSS up 20.5%, Amazon SSS up 30.6%, ChannelAdvisor says
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09:50 EDTGOOGTesla investigating autopilot technology, talked with Google, Bloomberg says
Tesla Motors (TSLA) CEO Elon Musk said the company is considering adding technologies that can take over for drivers, according to an interview with Bloomberg. Tesla has talked with Google (GOOG) about its self-driving tech, though Musk prefers applications more like an airplane’s autopilot system, the report added. Reference Link
09:40 EDTAAPLGreenlight's Einhorn says stake increased Apple
David Einhorn said today on the conference call for Greenlight Capital Re (GLRE) that he increased his position in Apple (AAPL). Einhorn called Apple's decision to issue debt and return cash to shareholders as a "major step forward."
09:38 EDTGOOGActive equity option families trading
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09:26 EDTMSFTGameStop price target raised to $44 from $35 at SunTrust
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09:15 EDTMSFTMicrosoft says Windows 8 update to come later this year
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08:38 EDTGOOG, AMZN, AAPL, MSFTAmazon leak reveals planned Windows 8 mini-tablet, Telegraph says
According to a listing that appeared briefly on Amazon's (AMZN) U.S. website before being removed, a new 7-inch Acer tablet priced at $379.99 will be the first Microsoft (MSFT) Windows 8 small tablet, reported The Telegraph. This device is expected to be the first of number of mini W8 tablets that will compete with Apple's (AAPL) iPad Mini, Google's (GOOG) Nexus 7 and Amazon's own Kindle Fire, the report added. Reference Link
08:29 EDTGOOGNokia leading force in regulatory attack against Google, Telegraph says
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08:28 EDTMSFTNokia to continue using Windows Phone software, Reuters reports
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07:23 EDTAAPLApple rumored to be planning more than one low-cost iPhone, Electronista reports
Apple is said to be planning more than just a single model of the "low-cost" iPhone, Electronista reports, citing a parts supplier. The rumored phone would be aimed at developing markets and cost around $330-$400. Reference Link
07:10 EDTMSFTMicrosoft to tweak Windows 8 for small tablets, Reuters reports
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07:10 EDTAAPL, GOOGSome handset makers, telecoms seek third mobile platform, WSJ reports
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06:41 EDTGOOGGoogle Glass blasted by critics, NY Times says
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06:24 EDTAAPLFoxconn to shift iPhone orders to handset subsidiary, DigiTimes says
Foxconn is planning to switch its iPhone orders to its handset subsidiary Foxconn International Holdings, reports DigiTimes. According to industry sources, the shift in orders is still subject to approval from Apple and was made to improve the handset business. Reference Link
06:07 EDTAAPL, MSFT, GOOGOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports.
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