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Stock Market & Financial Investment News

News Breaks
July 18, 2014
09:24 EDTGOOG, RECN, ERIC, AMD, NQ, CPHD, ICLD, RP, NUS, HBAN, TGP, GE, SWKSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Google (GOOG), up 3.5%... Skyworks (SWKS), up 9%... Ericsson (ERIC), up 7.7%... Huntington Bancshares (HBAN), up 3.8%... General Electric (GE), up 0.9%. HIGHER: Intercloud Systems (ICLD), up 13% after announcing over $23M in new business backlog for FY14... Resources Connection (RECN), up 10% after earnings, upgrade at RW Baird. DOWN AFTER EARNINGS: Advanced Micro Devices (AMD), down 17%... Cepheid (CPHD), down 4.7%. LOWER: RealPage (RP), down 25% after reporting preliminary second quarter revenue below analyst estimates, downgrades at JMP Securities and William Blair... Nu Skin (NUS), down 4.5% after downgraded at BofA Merrill Lynch... NQ Mobile (NQ), down 21.1% after dismissing PwC as the company's auditor, engaging Marcum Berstein & Pinchuk as replacement... Teekay LNG (TGP), down 5% after filing to sell 2.8M common units for limited partners.
News For GOOG;NUS;NQ;SWKS;RP;AMD;GE;ICLD;ERIC;TGP;CPHD;RECN;HBAN From The Last 14 Days
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June 25, 2015
10:31 EDTGECA Technologies appoints Jeff DeMarrais as Chief Communications Officer
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06:31 EDTGOOGMicrosoft focusing on increasing smartphone sales in India, WSJ reports
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06:15 EDTGEElectrolux CEO to step down 'on his own initiative,' Reuters reports
Electrolux (ELUXY) CEO Keith McLoughlin will step down from the company "on his own initiative," Reuters reports, citing comments from business daily Dagens Industri. Elextrolux says McLoughlin, who moved to the U.S. from Sweden a few years ago, has not yet resigned, but also noted that "all well-run public companies conduct succession planning." According to Dagens Industri, GE Appliances (GE) head Charles Blankenship would be the "top candidate" to succeed McLoughlin. Reference Link
June 24, 2015
19:31 EDTGOOGGoogle exec 'very confident' in YouTube's lead over Facebook video, BI says
In a Business Insider interview at the Cannes Lions advertising festival, Torrence Boone, Google's (GOOG) VP of global agency sales and services, said the company is "very bullish and confident" that Google's YouTube will maintain its lead over Facebook's (FB) efforts in video. Boone explained that the services serve different functions, with YouTube being a more dedicated video platform. Reference Link
18:16 EDTGOOG, GEGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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16:47 EDTGEGeneral Electric reaches preliminary labor agreements with union delegates
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12:27 EDTGOOGHBO to offer free episodes of 'Ballers', 'The Brink' on Facebook, Variety says
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10:38 EDTERICEricsson announces deal with SaskTek to provide M2M connectivity
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09:30 EDTGOOGGoogle competing with itself after unveiling free music service, Bloomberg says
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09:11 EDTAMDApplied Micro an affordable target for Qualcomm, says Summit Research
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06:00 EDTGOOGGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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05:31 EDTERICEricsson provides update on cost and efficiency program
The global cost and efficiency program, announced at Ericsson's Capital Markets Day on November 13, 2014, is progressing according to plan. The ambition is to achieve savings of approximately SEK 9B., with full effect during 2017. As part of the global program, on March 11, 2015, Ericsson announced that 2,200 positions in Sweden, mainly in R&D and Supply, were subject to notice. As the next step of this activity, individuals on different locations in Sweden have been given notice during June. In total, there will be a reduction of approximately 2,100 positions, with some 1,700 employees leaving the company.For Q2, restructuring costs of approximately SEK 2.5B are expected. These estimated costs include normal ongoing restructuring as well as charges related to the cost and efficiency program, this quarter primarily driven by changes in Sweden. Savings related to this specific activity will start to impact results towards the end of 2015.
June 23, 2015
17:50 EDTGOOGGoogle to remove Confederate flag from shopping service and ads, Reuters says
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13:02 EDTGESumitomo, others show interest in GE railway-leasing business, WSJ says
Japan's Sumitomo Mitsui Financial Group is interested in buying General Electric's (GE) railway-leasing business, says the Wall Street Journal, citing sources. Wells Fargo (WFC) and other U.S. financial institutions have also shown interest in GE Capital Rail Services, which may be worth around $4B, added the Wall Street Journal, citing people familiar with the matter. Reference Link
12:54 EDTAMDPC concerns weighing on shares of Seagate, Western Digital
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12:08 EDTGOOGPandora down 1% after Google launches free music service
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12:05 EDTGOOGGoogle launches free, ad-supported music service in U.S.
Google (GOOG) announced via a blob post that Google Play Music now has a "free, ad-supported version" in the U.S. It stated, "Our team of music experts, including the folks who created Songza, crafts each station song by song so you don’t have to. If you’re looking for something specific, you can browse our curated stations by genre, mood, decade or activity, or you can search for your favorite artist, album or song to instantly create a station of similar music." Shares of Pandora (P) ticked lower following Google's announcement.
09:36 EDTGEActive equity options trading on open
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06:25 EDTGOOGGoogle introduces the News Lab on blog
Google said on its blog that it is launching the News Lab, "a new effort at Google to empower innovation at the intersection of technology and media. Our mission is to collaborate with journalists and entrepreneurs to help build the future of media. And we’re tackling this in three ways: though ensuring our tools are made available to journalists around the world -- and that newsrooms know how to use them; by getting helpful Google data sets in the hands of journalists everywhere; and through programs designed to build on some of the biggest opportunities that exist in the media industry today. The News Lab is a global effort, with teams in the U.S., U.K., France, and Germany to start -- and we’re also powering the training and research arm of Google’s Digital News Initiative in Europe. Google has created many technologies and platforms that have engaged the media industry. As both the media landscape and technology continue to evolve, we believe we can create a more informed world if technologists and journalists work together -- and we’re excited to be part of the effort." Reference Link
06:14 EDTGOOGGetty filed a complaint against Google to EU earlier this year, WSJ reports
Getty Images complained earlier this year to European antitrust authorities that Google unfairly favors its image search service over rivals, the Wall Street Journal reports. The European Commission told Getty in early June that its concerns were valid and added Getty as an “interested third person” in its search manipulation case against the search giant, according to a document reviewed by the Wall Street Journal. Reference Link
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