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Stock Market & Financial Investment News

News Breaks
June 23, 2014
10:12 EDTGOOG23andMe says FDA accepts submission for new 510(k) application
Kathy Hibbs, Chief Legal and Regulatory Officer of Google-backed 23andMe, wrote on Friday that "A few days ago the US Food and Drug Administration accepted for review 23andMes submission for a new 510 (k) application. This submission is for one health report, and 23andMe_Logo_blogis part of the FDAs regulatory review of our health product.Although the submission focuses on a single rare but serious inherited condition we report to customers Bloom syndrome it is an important step in our work with the FDA in the coming months. Once cleared, it will it will help 23andMe, and the FDA, establish the parameters for future submissions. More importantly, for our customers, it marks a baseline on the accuracy and validity of the information we report back to them. The submission includes robust validation data covering major components of our product such as the genotyping chip, software and saliva kit. While we are still in the very early stages of this regulatory review process, we remain committed to transparency and keeping our customers as informed as possible. This by no means is the end of the process even for this one condition. It is likely that 23andMe will hear back from the FDA regarding the material we gave to them, and, we in turn will have to respond to those questions as we move forward." Reference Link
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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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August 8, 2014
16:16 EDTGOOGU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
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12:08 EDTGOOGUpcoming Google tablet may feature 8 MP rear camera, PhoneArena says
Google's upcoming Nexus 8 tablet will feature an 8 MP rear camera, a 64 bit Tegra processor, 4 GB of memory, and the Android L operating system, without any HTC Sense overlay, according to PhoneArena, which cited various leaks and comments from an IHS analyst. Reference Link U
06:37 EDTGOOGMotorola to be sales arm for Lenovo to increase global shipments, DigiTimes says
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06:01 EDTGOOGYahoo to strengthen email encryption for users, Mashable reports
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August 7, 2014
06:36 EDTGOOGGoogle, Barnes & Noble launching same-day book delivery service, NY Times says
Google (GOOG) and Barnes & Noble (BKS) today will begin allowing consumers in three cities to order books carried by Barnes & Noble stores and have them delivered to their homes on the same day, according to The New York Times. Users will order the books on Google Shopping Express, and the service will compete with Amazon, the newspaper stated. Reference Link
06:13 EDTGOOGGoogle to boost encrypted websites in rankings
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August 6, 2014
15:39 EDTGOOGYouTube buys mobile-video startup Directr
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13:04 EDTGOOGGoogle acquires mobile messaging application Emu
Google has acquired Emu, Emu announced on its website. "As of August 25, well be shutting down the Emu app. It will no longer be available in the App Store, and existing users wont be able to send, receive, or download messages." Financial terms of the deal have not been disclosed. Reference Link
07:49 EDTGOOGcomScore price target raised to $44 from $40 at Brean Capital
Brean Capital raised its price target on comScore (SCOR) to $44 from $40 as they believe the company is well positioned for an acceleration in fundamentals. The firm expects its recent years of investment to impact their online business as the integration of Yahoo (YHOO) vCE is up and running and Google (GOOG) is expected to be completed by the end of Q3, leading to an acceleration of top line growth. Brean maintains its Buy rating on comScore.
06:17 EDTGOOGAlibaba courting Nokia employees on website, WSJ reports
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