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News Breaks
April 4, 2014
06:22 EDTGOOGNest Labs halts sales of smart smoke alarms
Nest Labs announced it is stopping sales of its Nest Protect: Smoke + Carbon Monoxide alarm because of a defect that can cause owners to inadvertently turn them off. The company says "At Nest, we conduct regular, rigorous tests to ensure that our products are the highest quality. During recent laboratory testing of the Nest Protect smoke alarm, we observed a unique combination of circumstances that caused us to question whether the Nest Wave -- a feature that enables you to turn off your alarm with a wave of the hand -- could be unintentionally activated. This could delay an alarm going off if there was a real fire. We identified this problem ourselves and are not aware of any customers who have experienced this. We feel that the best and safest thing to do is to immediately disable the Nest Wave feature to resolve the issue and remove any safety concerns. While we fix Nest Wave, we have also halted sales of all new Nest Protect alarms to ensure no one buys an alarm that needs an immediate update." Google acquired Nest Labs earlier this year. Reference Link
News For GOOG From The Last 14 Days
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August 17, 2014
14:05 EDTGOOGGoogle acquires digital photo analysis startup Jetpac
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August 15, 2014
12:39 EDTGOOGOn The Fly: Midday Wrap
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11:45 EDTGOOGVringo confirms adverse ruling in patent suit with Google, others
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11:15 EDTGOOGVringo falls after patent win against Google, AOL reversed on appeal
The U.S. Court of Appeals for the Federal Circuit that patents claims asserted by I/P Engine, a unit of Vringo (VRNG), are invalid for obviousness and reversed a lower court's ruling in the company's favor. The patents were asserted in a suit against Google (GOOG) and Aol (AOL), IAC Interactive (IACI) and Gannett (GCI). Vringo shares dropped nearly 11% following the posting of the appeal court ruling. Reference Link
11:11 EDTGOOGU.S. Court says Vringo patents in Google case are invalid, Bloomberg Reports
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10:09 EDTGOOGSony expected to debut Smartwatch 3 next month, GigaOM reports
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August 14, 2014
17:27 EDTGOOGAppaloosa gives quarterly update on stakes
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17:08 EDTGOOGSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
09:36 EDTGOOGActive equity options trading on open
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06:09 EDTGOOGGoogle, HP in talks to collaborate on 'virtual assistant,' The Information says
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August 13, 2014
11:41 EDTGOOGAmazon payment move complements e-commerce platform, says RW Baird
Baird said Amazon's (AMZN) launch of the "Local Register" payment and card reader system is not a surprise after the company's acquisition of assets from GoPago and that the move is complementary to Amazon's e-commerce platform. Baird said Amazon's system will compete with Square and eBay's (EBAY) payment product "Here" and added that it expects Google (GOOG) and Apple (AAPL) to expand their existing payment initiatives. The firm maintains its Outperform rating and $400 price target on Amazon.com.
09:37 EDTGOOGActive equity options trading on open
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06:34 EDTGOOGGoogle coverage resumed with a Buy at Stifel
Target $700.
06:13 EDTGOOGGartner: Google Chromebooks to reach 5.2M units in 2014, DigiTimes says
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August 12, 2014
09:35 EDTGOOGActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOG C TSL EXAS BAC DNDN JNJ TSLA
August 11, 2014
18:00 EDTGOOGSix-company consortium to build new trans-pacific cable system
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09:36 EDTGOOGActive equity options trading on open
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07:19 EDTGOOGGoogle settles suit over drug ads, to spend $250M on changes, Re/code says
Google has agreed to spend at least $50M a year for at least five years on an internal effort to make content about prescription drug abuse more visible and work with legitimate pharmacies to counter marketing by non-U.S. drug sellers as part of settlement to end shareholder lawsuits over accusations the company improperly allowed certain drug ads, reported Re/code, citing legal documents. Reference Link
06:23 EDTGOOGGoogle testing "Listen Now" music ads, WSJ reports
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August 10, 2014
16:51 EDTGOOGCourt rejects $324M settlement in tech hiring conspiracy, NYT says
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