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Stock Market & Financial Investment News

News Breaks
March 26, 2014
06:06 EDTGRPN, SYMCStocks with implied volatility below IV index mean; GRPN SYMC
Stocks with implied volatility below IV index mean; Groupon (GRPN) 55, Symantec (SYMC) 28 according to iVolatility.
News For GRPN;SYMC From The Last 14 Days
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October 20, 2014
16:14 EDTGRPNGroupon updates IPhone app to include Apple Pay
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October 13, 2014
08:05 EDTSYMCSymantec spun off companies could become targets, says Argus
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October 12, 2014
17:34 EDTSYMCJPMorgan to double spending on cybersecurity over next five years, WSJ says
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October 10, 2014
17:14 EDTSYMCMarket ends week lower amid global growth worries
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10:01 EDTGRPNOn The Fly: Analyst Downgrade Summary
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10:01 EDTSYMCOn The Fly: Analyst Upgrade Summary
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09:08 EDTSYMCSymantec upgraded at Raymond James
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09:00 EDTGRPNOn The Fly: Pre-market Movers
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08:17 EDTSYMCSymantec split unlikely to create shareholder value, says Pacific Crest
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08:13 EDTGRPNGroupon downgraded to Sell from Equal Weight at Evercore
07:51 EDTSYMCSymantec may face heightened execution risk, says Wells Fargo
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07:42 EDTSYMCSymantec upgraded to Outperform from Market Perform at Raymond James
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07:21 EDTSYMCSymantec price target raised to $30 from $27 at JMP Securities
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06:48 EDTSYMCSymantec volatility low into announcing plans to separate into two companies
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October 9, 2014
16:14 EDTSYMCSymantec to resume trading at 4:20 pm ET after confirming split plans
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16:05 EDTSYMCSymantec plans to separate into two public companies
Symantec announced that its Board of Directors has unanimously approved a plan to separate the company into two, independent publicly traded companies: one business focused on security and one business focused on information management. The transaction is intended to take the form of a tax-free distribution to Symantec shareholders of 100% of the IM business in a new, independent, publicly traded stock. The expected stock distribution ratio will be determined at a future date. The company expects to complete the spinoff by the end of December 2015. The company expects to incur separation and restructuring charges through the completion of the transaction as it works to separate the two businesses. "Symantecís decision to pursue a separation follows an extensive business review of the companyís strategy and operational structure. Creating two standalone businesses will allow each entity to maximize its respective growth opportunities and drive greater shareholder value," the company stated. The security business generated revenue of $4.2B in FY14. The IM business generated revenue of $2.5B in FY14. Michael Brown will be the President and CEO of Symantec and Thomas Seifert will continue to serve as CFO. John Gannon will be General Manager of the new information management business and Don Rath will be its acting CFO.
16:03 EDTSYMCSymantec affirms Q2 guidance provided in August
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16:01 EDTSYMCSymantec plans to separate into two public companies
16:00 EDTSYMCSymantec trading halted, pending news
06:40 EDTSYMCSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
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