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Stock Market & Financial Investment News

News Breaks
January 31, 2014
12:52 EDTGOOGGoogle advances after reporting higher than expected revenue
Shares of Google (GOOG) are climbing after the company reported higher than expected fourth quarter revenue, but lower than expected profit. WHAT'S NEW: Google's fourth quarter earnings per share came in at $12.01, versus analysts' consensus estimate of $12.26. The company's revenue came in at $16.86B, surpassing the consensus estimate of $16.75B. Google stated that the volume of clicks on paid ads jumped 31% last quarter versus the same period in 2012, while the average cost per click fell about 11% over the same period. Revenue from the company's sites rose to $10.55B last quarter, up from $8.64B in the same period in 2012. Gross revenue from its Google segment climbed 22%, while the company's other revenue surged 99% to $1.6B. The large increase in other revenue was driven by higher sales of apps and content from the company's Play store. Google said the momentum of its new product listing ads was strong, while sales of its hardware devices were also strong. ANALYST REACTION: A number of research firms reacted to Google's results by increasing their price targets on the stock. Deutsche Bank analyst Ross Sandler increased his price target on the shares to $1,310 from $1,220. He wrote that the growth of the company's core business accelerated, and the company should benefit from a significant increase in the number of mobile transactions,and kept a Buy rating on the stock. FBN Securities analyst Greg Naso increased his price target on the stock to $1,400 from $1,300. The search giant announced earlier this week that it was selling the Motorola Mobility unit, which should cause Google's profitability to rise significantly and is a strong positive for the company, Naso believes. He reiterated an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Google shares climbed $44.67, or 3.93%, to $1,180.06.
News For GOOG From The Last 14 Days
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August 27, 2014
06:17 EDTGOOGGoogle to open new startup center in Seoul, WSJ reports
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August 26, 2014
13:15 EDTGOOGGoogle announces acquisition of Zync Render
Google announced in a corporate blog post that Zync Render, the visual effects cloud rendering technology behind Star Trek Into Darkness and Looper, is joining the Google Cloud Platform team. Reference Link
13:09 EDTGOOGAntitrust, breakup fee concerns hinder Google's Twitch acquisition, Forbes says
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12:04 EDTGOOGVMware, NVIDIA, Google announce graphics collaboration
VMware (VMW), NVIDIA (NVDA) and Google (GOOG) announced a collaborative effort to deliver high-performance virtual desktops and workstation-class graphics to Google Chromebooks. The joint effort is expected to expand the hardware options for high-performance virtual desktops, VMware said.
07:57 EDTGOOGGoogle still has multiple positive catalysts, says Bernstein
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August 25, 2014
14:05 EDTGOOGAmazon has agreed to buy videogame site Twitch for more than $1B, WSJ reports
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13:08 EDTGOOGAmazon in late-stage talks to buy Twitch, The Information reports
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07:44 EDTGOOGMobileIron could benefit from BlackBerry replacements, says Deutsche Bank
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06:00 EDTGOOGMicrosoft readying Chromecast competitor, GigaOM reports
Microsoft (MSFT) is building a competitor to Chromecast (GOOG), GigaOM reports, citing documents filed last week with the FCC. The documents reveal that the streaming dongle will come with an HDMI port, Wi-Fi and a USB connection for power supply. Reference Link
August 24, 2014
21:53 EDTGOOGNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
16:46 EDTGOOGChina looks to establish 'homegrown operating system,' Reuters says
China is looking to help its computer technology industry by developing its own "homegrown operating system by October," says Reuters. China's "homegrown operating system" would pose a challenge to imported rivals like Microsoft (MSFT), Google (GOOG) and Apple (AAPL), added Reuters. Reference Link
14:09 EDTGOOGAmazon develops ad sales program in challenge to Google and Microsoft, WSJ says
Amazon (AMZN) is developing its own software for placing ads online that may utilize the online retailer's knowledge of millions of Web shoppers, says the Wall Street Journal. Amazon's new ad platform which is called Amazon Sponsored Links may be tested this year and is a potential challenge to Google's (GOOG) and Microsoft's (MSFT) advertising business, added the Wall Street Journal. Reference Link
August 22, 2014
15:15 EDTGOOGGoogle wins victory in German publisher complaint, Re/code says
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13:53 EDTGOOGGoogle acquires Gecko Design
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August 21, 2014
06:21 EDTGOOGGM product chief thinks Google might become 'threat,' Bloomberg says
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06:05 EDTGOOGGoogle unit leads $100M infusion in Thumbtack, WSJ reports
Google's Google Capital unit is leading a $100M funding round in Thumbtack, a services marketplace, the Wall Street Journal reports. The investment, which also includes Tiger Global Management and Sequoia Capital, values Thumbtack at over $800M. Reference Link
August 20, 2014
13:46 EDTGOOGVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link
09:24 EDTGOOGVringo intends to seek en banc review of decision in I/P Engine case
Vringo (VRNG) announced that its wholly-owned subsidiary I/P Engine, Inc. intends to file a petition with the United States Court of Appeals for the Federal Circuit seeking en banc review of the split appellate decision in its case against AOL (AOL), Google (GOOG) et al. that issued on August 15 and reversed the judgment of the United States District Court for the Eastern District of Virginia. Under the Federal Circuit's rules, I/P Engine's petition for en banc review is due on September 15. I/P Engine has filed an unopposed motion seeking a 30-day extension, which would make its petition due October 15. Upon receiving the requested extension, I/P Engine may file the petition on or anytime prior to October 15.
07:01 EDTGOOGGarmin introduces first Android-based fleet navigators
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06:36 EDTGOOGIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
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