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Stock Market & Financial Investment News

News Breaks
May 23, 2014
12:02 EDTGTAT, RBCNSamsung, LG seen adding sapphire covers for phones, ET News says
Samsung (SSNLF) and LG have asked suppliers to submit samples of sapphire cover glass to be used in their phones and other devices, according to ETNews.com, citing industry sources. Shares of both GT Advanced (GTAT) and Rubicon (RBCN), which are both makers of sapphire components, are up nearly 8% following the report. Reference Link
News For GTAT;RBCN From The Last 14 Days
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October 31, 2014
07:55 EDTGTATApple denied request to keep GT Advanced bankruptcy papers sealed, WSJ reports
A bankruptcy judge ordered the unsealing of bankruptcy papers from the filing of GT Advanced Technologies (GTAT) that Apple (AAPL) sought to keep under wraps out of concern they will harm its relationships with other suppliers, reported The Wall Street Journal. At a court hearing, the judge said bankruptcy-code protections against defamatory information don’t apply to the characterizations of Apple’s behavior made in an affidavit signed by GT Advanced COO Daniel Squiller, the report noted. Reference Link
October 28, 2014
12:56 EDTGTATGT Advanced says litigation against Apple would be 'expensive,' WSJ reports
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October 27, 2014
18:38 EDTRBCNS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
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17:19 EDTRBCNUniversal Corporation to replace Rubicon in S&P 600 as of 10/31 close
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October 24, 2014
06:07 EDTGTATApple responds to GT Advanced's sapphire business exit, Re/code reports
Following GT Advanced's (GTAT) announcement to shut down factories in Mesa, Arizona and Salem, Massachusetts, an Apple (AAPL) spokeswoman said the company will continue evaluating GTAT's progress on larger sapphire boule development, reports Re/code. She said, "Apple put a lot of effort into an ambitious new sapphire manufacturing process with GTAT which is not ready for production. We’re going to continue evaluating GTAT’s progress on larger sapphire boule development, as well as consider other options for the facility. We remain committed to the city and we’re going to work with Mesa and Maricopa County to help the GT Advanced employees who will be impacted by this find new jobs.” Reference Link
October 23, 2014
09:19 EDTGTATGT Advanced to wind down operations at Mesa facility
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October 21, 2014
19:34 EDTGTATGT Advanced, Apple reach deal to 'wind down' sapphire plant, Philip DeWitt says
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10:29 EDTGTATGT Advanced expects settlement with Apple 'within hour,' Bloomberg reports
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