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Stock Market & Financial Investment News

News Breaks
December 3, 2013
10:56 EDTGOOG, AMZN, RAXGoogle reduces prices for infrastructure cloud offering
Google (GOOG) announced that it was cutting prices for its infrastructure-as-a-service cloud offering for businesses. WHAT'S NEW: The search giant cut its basic cloud engine fees by 10%, and reduced its disk storage fees by 60%. It also announced that the service would be taken out of "beta" and generally available, with 24/7 support and a guarantee that the service would be available 99.95% of the time. ANALYST REACTION: In a note to investors, Wells Fargo analyst Gray Powell wrote that computing makes up 75% or more of most cloud customers' bills, and a 10% price reduction for cloud computing is "somewhat normal." Google's announcement will not change the situation in the infrastructure-as-a-service space, added Powell. However, shares of another company in the space, Rackspace (RAX), are likely to remain under pressure, the analyst believes. For investors to embrace Rackspace again, the company will have to report that its business grew sequentially in the fourth quarter, wrote the analyst. Nonetheless, he kept an Outperform rating on the shares. Meanwhile, Robert W. Baird analyst Colin Sebastian wrote that Google is becoming more competitive with Amazon (AMZN) in the cloud space. Moreover, Google is positioned to become the next large player in cloud services, added Sebastian, who kept an Outperform rating and raised his price target for Google shares to $1,175. PRICE ACTION: In mid-morning trading, Rackspace fell 7% to $34.90, while Google added 0.7% to $1,062.
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April 11, 2014
06:31 EDTAMZNAmazon.com May volatility elevated into Q1 and profit outlook
Amazon.com April call option implied volatility is at 39, May weekly is at 59, May is at 48, June is at 37; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on late April 24.
06:29 EDTGOOGGoogle says 'Jelly Bean' affected by Heartbleed
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06:04 EDTAMZNAmazon.com implied volatility of 50 at upper end of index mean range
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05:57 EDTGOOGCisco, Juniper say some products affected by Heartbleed bug, WSJ reports
Both Cisco (CSCO) and Juniper (JNPR) have disclosed that some of their products are affected by the Heartbleed bug, the Wall Street Journal reports. The companies say the security flaw affects routers, switches and firewalls used by businesses. Reference Link
April 10, 2014
16:03 EDTAMZNAmazon to acquire digital comic book company comiXology
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16:00 EDTAMZNOptions Update; April 10, 2014
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14:24 EDTAMZNAmazon Web Services CTO says ARM CPUs may be considered, The Register says
Amazon (AMZN) Web Services chief technology officer Werner told The Register that the company is “always looking for efficiency” and may consider using ARM (ARMH) CPUs in the future. Vogels said another processor architecture AWS has considered is IBM's (IBM) Power, the report noted. Reference Link
13:58 EDTGOOGGoogle to let any U.S. resident buy Google Glass, The Verge says
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12:18 EDTAMZNAmazon CEO confirms plans to expand Amazon Fresh offering, Re/code reports
Amazon CEO Jeff Bezos has confirmed that the company is planning to expand Amazon Fresh beyond its current three markets, Re/code reports, citing the CEO's 2013 letter to shareholders. He commented that "We’ll continue our methodical approach – measuring and refining Amazon Fresh – with the goal of bringing this incredible service to more cities over time." Bezos also commented on drones, saying "The Prime Air team is already flight testing our 5th and 6th generation aerial vehicles and we are in the design phase on generations 7 and 8." Reference Link
09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
09:10 EDTRAXRackspace appoints Ryan Neading as Chief Information Officer
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06:49 EDTGOOGMotorola Mobility names Osterloh COO
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06:29 EDTGOOGAT&T in talks to bring ultrafast internet to North Carolina, WSJ reports
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April 9, 2014
08:58 EDTGOOGGoogle Q1 results should beat expectations, says Susquehanna
Susquehanna is bullish on Google heading into Q1 results on expectations of continued website growth from mobile share gains, PLAs, early benefits from Enhanced Campaigns, and YouTube. The firm sees the company beating Street revenue estimates by 1% and earnings by 5%. Shares are Positive rated with a $700 price target
08:24 EDTGOOGGoogle, Apple have considered acquiring Square, Re/code reports
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07:49 EDTAMZNAmazon unclear about limits of Fire TV voice search, BI says
Amazon (AMZN) claimed to have addressed user annoyances when it detailed the voice search features of its new Fire TV system last week, but the company was unclear about the fact that voice searches only present results from Amazon's Instant Video library and Vevo and exclude other services like Netflix (NFLX), said Business Insider. The company also was not upfront about the way voice searches are saved as recordings of users' voices, the report added. Reference Link
07:28 EDTAMZN, GOOGAmazon looking to court game developers for Fire TV, NY Post reports
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06:20 EDTGOOGGoogle adds more photos, reviews to hotel business, WSJ says
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06:07 EDTAMZNRovi sell-off on patent ruling unwarranted, says Brean Capital
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06:01 EDTAMZNRovi sell-off on patent ruling a buying opportunity, says Piper Jaffray
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