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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:09 EDTNFLX, GOOG, AMZN, RAX, MSFTComputing horsepower is the new battlefront, WSJ reports
Google (GOOG), Microsoft (MSFT) and Amazon.com (AMZN) have battled each other for dominance in mobile gadgets and Web searches. The latest front in their war is invisible: computing horsepower, reports the Wall Street Journal.Reference Link
News For GOOG;MSFT;AMZN;NFLX;RAX From The Last 14 Days
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June 18, 2013
18:42 EDTGOOGGoogle files court petition related to NSA surveillance, CNNMoney says
Google has filed a First Amendment court case demanding it be allowed to share information about government surveillance programs with the public, CNNMoney reports. Reference Link
17:12 EDTGOOGNvidia to begin licensing GPU cores, visual computing portfolio
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16:12 EDTMSFTMicrosoft adds Qualcomm as Surface RT supplier, Bloomberg says
Microsoft (MSFT) will use Qualcomm (QCOM) chips in its updated Surface RT tablet, reports Bloomberg, citing people with knowledge of the company's plans. The report also cites a source that says Nvidia's (NVDA) Tegra chip will continue to be used for some versions of the Surface. Reference Link
15:49 EDTMSFTNVIDIA said to remain supplier for some Surface RT versions, Bloomberg says
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15:47 EDTMSFTMicrosoft said to have added Qualcomm as supplier for Surface RT, Bloomberg says
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11:48 EDTNFLXStocks with call strike movement; NFLX BTU
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10:34 EDTMSFTMicrosoft selling tablets to schools for huge discounts, ZDNet says
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09:38 EDTAMZNAmazon rumored to eye Alibaba partnership in China, TechInAsia says
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09:38 EDTGOOG, NFLXActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG PFE TSLA MGM
09:33 EDTRAXRackspace likely to announce Fidelity as OpenStack customer, says Cowen
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09:08 EDTAMZNAmazon.com announces social gift giving service
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09:06 EDTAMZNAmazon Kindle FreeTime Unlimited adds new kids content
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08:07 EDTAMZNSynaptics displaced Atmel in new Kindle Fires, says Maxim
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07:42 EDTMSFTMay U.S. retail video game sales fall 25%, Bloomberg reports
U.S. retail sales of video game hardware, software and accessories tumbled 25% to $386.3M this past May, with overall hardware sales down 31% from last year to $96M, reported Bloomberg citing data from NPD Group. Reference Link
07:42 EDTMSFT, AMZN, GOOGO'Reilly Media to hold a conference
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07:29 EDTGOOG, MSFTSecurities Industry and Financial Markets Association to host a conference
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06:17 EDTAMZN, GOOG, MSFTTaiwan tablet sales to reach 2M units in 2013, DigiTimes reports
Tablet demand in the Taiwan market is set to reach 2M units in 2013, reports DigiTimes, according to a Far EasTone Telecommunications Officer. Maxwell Cheng said the forecast for tablet sales volume in 2013 is set to double the level in 2012, with the 7-inch models estimated to account for 70%-80% of solid tablets. Reference Link
June 17, 2013
18:35 EDTMSFTMircosoft's Xbox 360 top selling U.S. console in May
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17:36 EDTMSFTMicrosoft awarded $412.24M government contract
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16:20 EDTNFLXOn The Fly: Closing Wrap
Stocks on Wall Street were higher following a session dominated by speculation over what is next for the Federal Reserve. The averages trimmed their gains after an article by the Financial Times suggested the Fed would signal a tapering of its pace of asset purchases at its Wednesday press conference. The upward trend resumed after the article's author said the report was based on opinion and that, "The Fed does not leak anything to any journalist to steer markets - especially during blackout." ECONOMIC EVENTS: In the U.S., the New York Fed Empire State Survey for June came in at 7.40, versus expectations for a 0 reading. The NAHB housing market confidence index for June rose to 52, versus the forecast for a more modest climb to 45 from its prior 44 reading. In Europe, Germany's Bundesbank said economic indicators for April pointed to robust growth in the second quarter and business sentiment improved in May, though warned of signs that growth in Europe's largest economy would slow over the summer. COMPANY NEWS: Netflix (NFLX) and DreamWorks (DWA) both climbed after announcing a major content deal. Under the agreement, DreamWorks will provide over 300 hours of content to Netflix, which the TV and movie service expects to start broadcasting next year. After the announcement, Netflix rose $15.24, or 7.12%, to $229.23, while DreamWorks added 93c, or 4.08%, to $23.74. MAJOR MOVERS: Among the notable gainers was Kandi Technologies (KNDI), up $1.53, or 24.4%, to $7.80 after saying it will deploy 5K-10K pure electric vehicles in China within the first year of launch. Also higher were shares of ViroPharma (VPHM), up $1.71, or 6.3%, to $28.87 after Reuters said the company has attracted takeover interest, though the company is not pursuing a sale. Among the noteworthy losers was Terex (TEX), down $2.45, or 7.72%, to $29.29 after the company lowered it fiscal year earnings view. Also lower was Medivation (MDVN), down $3.45, or 6.78%, to $47.41 after Johnson & Johnson (JNJ) acquired the company's competitor, privately held Aragon Pharmaceuticals. INDICES: The Dow was up 109.67, or 0.73%, to 15,179.85; the Nasdaq was up 28.57, or 0.83%, to 3,452.13; and the S&P 500 was up 12.31, or 0.76%, to 1,639.04.
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