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Stock Market & Financial Investment News

News Breaks
November 15, 2012
06:09 EDTGM, GS, MSFT, HON, BA, VZ, COL, VODOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Honeywell International (HON) and Rockwell Collins (COL) are expected to receive major contracts to supply systems to Boeing (BA) for its updated 737 Max jetliner, sources say, the Wall Street Journal reports...As retailers prepare for the traditional shopping day called Black Friday, they are focusing on the crowds that line up outside stores and increasingly on the masses that shop online from home. Sales growth during the busy Thanksgiving weekend more often comes from Internet shoppers, the Wall Street Journal reports...REUTERS: Vodafone Group (VOD) CEO Vittorio Colao said he could not rule out an exit from the U.S., a day after posting results showing the Verizon Wireless business there has become the main growth engine for the British company. Vodafone owns 45% of Verizon Wireless and Verizon Communications (VZ) owns the rest, Reuters reports...GM (GM) will soon exit one of its venture capital unit's investments, either through an IPO or the acquisition of that company by another, said the company's Chief Technology Officer Jon Lauckner. GM started its venture capital unit more than two years ago with a $200M budget to invest in start-up companies with promising auto-related technologies, Reuters reports...BLOOMBERG: Microsoft (MSFT) CEO Steve Ballmer said the company must exploit the opportunity to combine hardware and software as it challenges Apple’s (AAPL) iPad with the Surface tablet computer, Bloomberg reports...Asia’s bond market is facing a possible bubble after capital inflows surged this year, according to Goldman Sachs Asset Management Co. (GS), Bloomberg reports.
News For HON;COL;BA;VOD;VZ;GM;MSFT;GS From The Last 14 Days
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January 13, 2015
15:12 EDTGSU.S. Supreme Court decision gives homeowners leeway to rescind mortgage loans
In an unanimous ruling, the U.S. Supreme Court ruled on Jesinoski vs. Countrywide Home Loans that homeowners are allowed to rescind home mortgages within the three years allotted under the Truth in Lending Act of 1968 by providing written notice to his/her lender. The court ruled that the borrowers were not required to file suit against the lender, which the respondents, Countrywide, claimed. The notice of rescission was sufficient to clear the homeowners of any obligation to the loan, provided they do it within the allotted time. Countrywide Home Loans is a subsidiary of Bank of America (BAC). Other publicly traded companies in the banking space include Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
13:56 EDTGMGM open to partnering with Google on self-driving cars, Time says
GM (GM) would be open to having a discussion with Google (GOOG) about jointly developing self-driving cars, GM Chief Technology Officer Jon Lauckner said, according to Time Magazine. Reference Link
11:57 EDTMSFTHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
11:42 EDTMSFTJustice Department partners with Facebook, Bing to expand reach of AMBER Alerts
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07:40 EDTBACommercial aircraft demand outlook still positive, says Bernstein
Bernstein continues to have a positive outlook on commercial aircraft demand for 2015, as the firm does not see $50 Brent oil as a negative for the sector unless the price stays below that level for the long-term. Bernstein thinks the general demand outlook for the sector is positive, and it identifies Boeing (BA) and United Technologies (UTX) as two of its favorite names in the space.
07:30 EDTHONDeutsche Bank to hold a conference
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07:25 EDTGMNew NHTSA head says 2015 may see more recalls than record-setting 2014, WSJ says
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06:50 EDTBABoeing, Airbus could be hurt by oil tumble, NY Times says
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05:29 EDTBABoeing records $232.7B in commercial net in orders in 2014
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January 12, 2015
18:24 EDTBASymantec acquires staff, licenses from Boeing's Narus, WSJ reports
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14:36 EDTGMGeneral Motors to spend $12B to launch new Cadillac models, Bloomberg says
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11:58 EDTGMAlly Financial could see 20% of originations hit by GM changes, says Jefferies
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11:05 EDTGMGM receives 141 more claims for faulty ignition switch compensation, Reuters say
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08:05 EDTMSFTGameStop to use Microsoft Azure to stream game content, promotional materials
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07:35 EDTVZNational Retail Federation to hold a trade show
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06:39 EDTBAAir Lease delivers eight Boeing 777-300ER aircraft this year
Air Lease (AL) announced that, pursuant to long term lease agreements, ALC will deliver eight new Boeing 777-300ER widebody aircraft to six different airlines in 2015, all from ALC's order book with Boeing (BA). The following airlines are scheduled to take delivery of these new ALC Boeing 777-300ERs in 2015: Air France, Emirates, Korean Air, EVA Air, KLM, and Ethiopian Airlines.
06:24 EDTGMGM plans to use lending arm for subsized leases in the U.S., WSJ reports
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06:16 EDTVZSpherix announces trial date for case against Verizon set for May 18
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06:14 EDTGSBrennan Investment, Goldman Sachs acquire industrial portfolio
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06:06 EDTVZSoftcard cuts 60 employees in restructuring, Re/code reports
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