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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:29 EDTUBS, SNX, MTL, SIMO, TWO, CBSO, FTNT, URS, BRFS, INFAHigh option volume stocks:
High option volume stocks: INFA CBSO MTL BRFS TWO SNX URS SIMO UBS FTNT
News For INFA;CBSO;MTL;BRFS;TWO;SNX;URS;SIMO;UBS;FTNT From The Last 14 Days
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December 18, 2014
15:32 EDTSNXSYNNEX signs distribution agreement with Time Warner Cable Business Class
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10:19 EDTFTNTSony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
December 16, 2014
17:11 EDTUBSGIC Private reports 7.07% passive stake in UBS
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07:14 EDTINFAInformatica expands partnership with Tableau
Informatica (INFA) announced that Informatica has broadened its partnership with Tableau Software (DATA) to expand the reach of Informatica Rev, Informatica's Cloud Data Preparation product. The expansion of the Informatica and Tableau relationship will allow both companies to deliver greater value to a broad set of business users in the area of self-service analytics. Informatica Rev, formerly codenamed Project Springbok, has achieved rapid adoption since its general availability was announced on September 30. The latest release offers many new capabilities for business users to simply merge data from multiple sources, including spreadsheets, and prepare it for analysis.
06:56 EDTMTLMechel volatility increases as Russian stocks trade lower
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December 11, 2014
13:40 EDTUBSEuro zone banks accepted $160B in low interest loans, NY Times says
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December 9, 2014
10:07 EDTFTNTFortinet may receive buyout from Wipro, says AsianSweeper
Fortinet (FTNT) may receive a buyout from Wipro (WIT), AsianSweeper says. Wipro is looking to strengthen the market share in security solutions and Fortinet, the current revenue leader in unified threat management is a perfect fit, as two companies already have existing synergies in certain areas. Reference Link
December 8, 2014
07:32 EDTINFA, SNXRaymond James to hold a conference
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07:28 EDTFTNTFBN Securities to hold a bus tour
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