New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 6, 2014
13:21 EDTP, GOOGGoogle in talks to buy Songza music streaming service, NY Post says
Google (GOOG) is in talks to buy Songza, which offers a music curation and streaming service, according to The New York Post, citing two sources. Note that shares of Pandora (P), which also offer music streaming, is off its highs following the Post's report. Reference Link
News For GOOG;P From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 >>
September 22, 2015
08:09 EDTPPandora royalty risk reduced, says JMP Securities
Subscribe for More Information
07:15 EDTGOOGCloudFlare raises $110M from consortium of Google, Microsoft, others
Subscribe for More Information
September 21, 2015
16:53 EDTPOn The Fly: Top stock stories for Monday
Stocks on Wall Street began the session in positive territory and remained there for most of the morning. The Nasdaq was the first index to show signs of weakness after Hillary Clinton pledged to address the high cost of specialty drugs, sinking multiple biotech stocks. The averages later recovered from their afternoon lows, with both the Dow and S&P posting gains and the Nasdaq narrowly finishing in the green after Monday's drug pricing debate. ECONOMIC EVENTS: In the U.S., existing home sales fell 4.8% to a 5.31M rate in August, versus expectations for them to be down 1.6% to a rate of 5.5M. Over the weekend, three Federal Reserve officials, namely San Francisco Fed President John Williams, St. Louis Fed President James Bullard and Richmond Fed President Jeffrey Lacker, all argued that an interest-rate increase is still warranted this year. COMPANY NEWS: Biotech stocks declined after privately-held Turing Pharmaceuticals made headlines by enacting a 5,000% price increase on its treatment for toxoplasmosis, reigniting a debate around drug prices that previously embroiled costly Hepatitis C drugs including AbbVie's (ABBV) Viekira Pak and Gilead's (GILD) Sovaldi and Harvoni. Presidential candidate Hillary Clinton sent the debate to center stage by criticizing the "outrageous" prices of specialty drugs and promising to lay out a plan tomorrow to tackle "price gouging" in the specialty drug market. The NASDAQ Biotechnology index fell roughly 4.4% following the attention paid to Turing's drug and Clinton's response... Shares of Volkswagen (VLKAY) trading in New York dropped 17.1% to $30.10 after the EPA and California Air Resources Board detected manipulations that violate U.S. environmental standards while testing certain Volkswagen diesel cars. The EPA said Volkswagen may face civil penalties of $37,500 for each vehicle not in compliance with federal clean air rules, which could total as much as $18B, according to Reuters... Apple (AAPL), which has previously been reported to be working on an electric car via its "Project Titan," is speeding up those efforts and setting 2019 as a target to ship its first vehicle, according to The Wall Street Journal. Shares of Tesla Motors (TSLA) were volatile following the Journal's report, but closed the day up 1.37% at $264.20. MAJOR MOVERS: Among the notable gainers was Atmel (ATML), which surged 12.65%, to $8.19 after agreeing to be acquired by German chipmaker Dialog Semiconductor in a deal valued at roughly $4.6B. Also higher was Starwood Waypoint (SWAY), which gained $2.89, or 12.70%, to $25.64 after announcing a stock-for-stock merger agreement with Colony American Homes. Additionally, Pandora (P) rose 8.17% to $21.31 after receiving an interim opinion from the Register of Copyrights regarding the company's agreements with Merlin and Naxos. Among the noteworthy losers was GoPro (GPRO), which fell $2.88, or 8.19%, to $32.27 after Barron's contended that the company's stock could plunge another 30% to $25 as Apple, Sony (SNE), and others pressure the company's "one-hit wonder" products. Also lower was Mallinckrodt (MNK), which lost $8.23, or 10.02%, to $73.87 after ANI Pharma (ANIP) announced plans to acquire two new drug applications from Merck (MRK) that could compete with Acthar, Mallinckrodt's largest product. Separately, D.R. Horton (DHI) dipped 2.91% after the August U.S. existing home sales report showed a 4.8% drop for the month. Note also that Lennar (LEN) slipped 0.27% after its quarterly earnings report beat analyst estimates. INDEXES: The Dow rose 125.61, or 0.77%, to 16,510.19, the Nasdaq added 1.73, or 0.04%, to 4,828.96, and the S&P 500 gained 8.94, or 0.46%, to 1,966.97.
14:18 EDTPCRB comments actually cautionary for Pandora, says FBR Capital
The initial positive reaction in Pandora shares following a procedural decision in its CRB rate fight seems misplaced, according to FBR, which argues that language in the decision is actually cautionary for Pandora. The firm, which said that the ruling includes favorable comments for SoundExchange, keeps an Underperform rating on Pandora.
13:08 EDTGOOGFrance's CNIL rejects Google's informal 'right to delisting' appeal
French data protection agency Commission Nationale de l'Informatique et des Libertes, or CNIL, rejected Google's appeal of a notice that would require it to apply user requests to remove websites from its search results across all of its domains. CNIL cited these reasons for the rejection: "Geographical extensions are only paths giving access to the processing operation. Once delisting is accepted by the search engine, it must be implemented on all extensions, in accordance with the judgment of the ECJ. If this right was limited to some extensions, it could be easily circumvented: in order to find the delisted result, it would be sufficient to search on another extension, namely to use another form of access to the processing. This would equate stripping away the efficiency of this right, and applying variable rights to individuals depending on the internet user who queries the search engine and not on the data subject. In any case, the right to delisting never leads to deletion of the information on the internet; it merely prevents some results to be displayed following a search made on the sole basis of a person's name. Thus, the information remains directly accessible on the source website or through a search using other terms. For instance, it is impossible to delist an event. In addition, this right is not absolute: it has to be reconciled with the public's right to information, in particular when the data subject is a public person, under the double supervision of the CNIL and of the court. Finally, contrary to what Google has stated, this decision does not show any willingness on the part of the CNIL to apply French law extraterritorially. It simply requests full observance of European legislation by non European players offering their services in Europe." Since the informal appeal has been rejected, the company must now comply with the formal notice. Otherwise, the President of the CNIL may designate a Rapporteur who may refer to the CNIL's sanctions committee with a view of obtaining a ruling on this matter. Reference Link
12:25 EDTPPandora interim ruling win a positive sign, says Piper Jaffray
Subscribe for More Information
12:19 EDTPPandora says 'pleased' with opinion from Register of Copyrights
Subscribe for More Information
12:00 EDTGOOGGoogle, Shopify expand presence in BlackBerry's hometown, Reuters says
Subscribe for More Information
11:24 EDTPPandora January puts active on Copyright Royalty Board decision
Subscribe for More Information
11:17 EDTPPandora 'pleased' copyright office affirmed Merlin pact as benchmark
In statement to Reuters, Pandora said it is "pleased that the copyright office affirmed the admissibility of Pandora's agreement with Merilin as a valid benchmark in the copyright royalty board proceedings," the news service reported.
10:51 EDTPOptions with increasing implied volatility
Subscribe for More Information
10:43 EDTPPandora well off highs, shares still up 5% to $20.64
Subscribe for More Information
10:25 EDTPPandora trading resumes, shares up 13% to $22.26
10:18 EDTPPandora halted second time for volatility after jumping 8% to $21.31
Subscribe for More Information
10:17 EDTPPandora trading resumes, shares now up 8% to $21.30
10:16 EDTPPandora jumps as investors await Copyright Royalty Board decision
Subscribe for More Information
10:13 EDTPPandora trading halted for volatility after jumping $1.28 to $20.98
07:19 EDTGOOGGoogle Class A price target raised to $847 from $720 at JMP Securities
Subscribe for More Information
06:24 EDTGOOGEU's web rules won't discriminate against U.S. tech companies, WSJ reports
Subscribe for More Information
06:01 EDTGOOGGoogle holding event on September 29, The Verge reports
Google will hold its fall event on Tuesday, September 29, The Verge reports. According to the publication, Google is likely to introduce new Nexus smartphones -- one from LG and one from Huawei -- as well as an updated Chromecast. Reference Link
1 | 2 | 3 | 4 | 5 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use