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Stock Market & Financial Investment News

News Breaks
March 26, 2013
06:09 EDTINTC, TOSBF, SSNLFIntel, LCD Tv brands to promote full adoption of WiDi technology, DigiTimes says
Intel (INTC) is set to push for the full adoption of Wireless Display, or WiDi technology, in 2013 to become one of the standard PC specifications and LCD TV players, reports DigiTimes. According to sources from the upstream supply chain, brands like Samsung (SSNLF) and Toshiba (TOSBF) is also expected to join the promotion and adopt the WiDi technology. Reference Link
News For INTC;SSNLF;TOSBF From The Last 14 Days
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February 1, 2016
16:59 EDTSSNLFGoogle plans more control over Nexus phone in bid for high-end, Information says
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12:13 EDTSSNLFOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday, but off their worst levels of the day, as oil is once again being weighed on by worries of slower growth in China. Several M&A announcements helped fuel speculation that deal-making may be set to pick up, but the headwinds of lower oil prices and weak economic data are outweighing that potential boost and keeping stocks in the red to start the month. ECONOMIC EVENTS: In the U.S., personal income rose 0.3% in December, versus expectations for an increase of 0.2%, while spending was flat, versus expectations for an increase of 0.1%. Markit's manufacturing purchasing managers index for January dipped to 52.4 in the final January reading, down from the 52.7 flash reading and the below the 52.6 reading that was expected. The Institute for Supply Management's manufacturing index for January came in at 48.2, below the 48.4 that analysts expected. Construction spending rose 0.1% in December, which was weaker than the 0.6% increase that was forecast. In China, the statistics bureau's official manufacturing purchasing managers index fell to 49.4 in January from 49.7 in December. The private Caixin manufacturing PMI edged up to 48.4 from 48.2 in the prior reading, but both figures still remain in contraction territory. In Europe, Markit's manufacturing PMI for the euro zone dropped to 52.3 from December's 53.2, in-line with the earlier flash estimate. COMPANY NEWS: Shares of Twitter (TWTR) advanced 9% after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen have "considered some sort of deal" for the microblog service operator. Lessin noted in the report published on her site, The Information, that she did not know if deal talks are "active" now between Andreessen, Silver Lake and Twitter... Alere (ALR) surged 45% to $54 per share near midday after Abbott (ABT) agreed to acquire the company for $56 per share at a total expected equity value of $5.8B. In other Monday M&A news, Questar (STR) rose 22% after Dominion Resources (D) agreed to acquire it for $25 per share, or about $4.4B, and assume Questar's outstanding debt. Meanwhile, Stryker (SYK) announced a deal to acquire Sage Products for $2.775B in cash. The buyers' shares did not fare as well in the wake of the deal announcements, as Abbott slipped 0.5%, Dominion dipped 1% and Stryker fell 1%. Also lower were shares of Smith & Nephew (SNN), which slid fractionally as investors may have been concerned that Stryker's deal decreases the likelihood that it will come after S&N. Additionally, Smith & Nephew announced that its CEO Olivier Bohuon has been diagnosed with a "highly treatable" form of cancer. MAJOR MOVERS: Among the notable gainers was Lumber Liquidators (LL), which gained 8.5% after a judge accepted the company's $10M plea deal to settle timber source crime charges, according to media reports. Also higher was Chipotle (CMG), which rose 5.5% after The Wall Street Journal reported that the Centers for Disease Control and Prevention is expected to formally declare the end to its E.coli outbreak as soon as today. In addition, Sysco (SYY) and Aetna (AET) were up 7% and 2%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Nokia (NOK), which fell 12% after it forecasted how much revenue it expects to gain from its IP portfolio after its patent deal with Samsung (SSNLF) and its shares were downgraded at Canaccord and BofA Merrill Lynch. Also lower was GoPro (GPRO), which was slid 5% after analysts from Piper Jaffray and Citi predicted that the company's guidance to be issued this week will disappoint investors. In addition, Roper Technologies (ROP) and ImmunoGen (IMGN) were down 6.5% and 5.7%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 56.40, or 0.34%, to 16,409.90, the Nasdaq was down 12.25, or 0.27%, to 4,601.70, and the S&P 500 was down 6.51, or 0.34%, to 1,933.73.
10:51 EDTINTCActive calls; INTC CVS TWTR APC BAC
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09:36 EDTINTCActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C
05:15 EDTSSNLFNokia receives decision in patent license arbitration with Samsung
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January 29, 2016
07:03 EDTINTCProofpoint results suggest demand remains strong, says Piper Jaffray
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January 27, 2016
18:58 EDTSSNLFSamsung to repurchase 2.99T won of shares in second phase of buyback
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18:49 EDTSSNLFSamsung reports Q4 net profit 3.24T won, consensus 5.4T won, Bloomberg reports
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18:00 EDTSSNLFFacebook executives pleased with China growth, hazy on Oculus launch
Speaking on the company's fourth quarter earnings conference call, Facebook (FB) Chief Executive Officer Mark Zuckerberg highlighted the company's more than 2.5M active advertisers as well as the growth of its Messenger and WhatsApp services, which have expanded to 800M and nearly 1B monthly users, respectively. More services will be coming soon to Messenger, Zuckerberg promised, including airline integration. The CEO noted he is "pleased" with initial consumer reaction to Samsung's (SSNLF) Gear VR virtual reality headset, though commentary on pre-orders for Facebook's own Oculus Rift device was notably light, with Zuckerberg saying only that the Oculus launch is "shaping up to be a big moment for the gaming community." Meanwhile, Chief Operating Officer Sheryl Sandberg said the company is pleased with the growth its seeing in emerging markets, including China, where businesses are using Facebook to reach customers internationally. The commentary comes in contrast to the downbeat macro view voiced during Apple's (AAPL) conference call Tuesday night. Globally, 98 of the quarter's top 100 Facebook advertisers also chose to market on Instagram, Sandberg said, adding that as businesses realize they need to catch up to consumer shifts towards mobile, she foresees a "big" opportunity to continue growing advertiser count. ANALYST TAKE: Piper Jaffray analyst Gene Munster issued a post-earnings note on Facebook, reiterating his Overweight rating and $155 price target on the social network giant in the wake of its strong beat. PRICE ACTION: Shares of Facebook have surged 12.8% to $106.60 in after-hours trading. Other members of the FANG stock grouping are also moving higher, with Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOG) rising a respective 2.3%, 2.25% and 2.6%.
14:44 EDTSSNLFEarnings Watch: Qualcomm reports after breakup decision, China licensing deals
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07:04 EDTINTCThe Deal to hold a virtual roundtable
The "Internet of Things: Dealmaking" roundtable discussion about opportunities in IoT which is driving growth and M&A in sectors from telecom, software groups and device makers, will be held on January 27 at 1 pm. Webcast Link
06:53 EDTTOSBFKKR, Bain, Fujifilm to make offers for Toshiba Medical, Reuters reports
KKR (KKR), Bain Capital, and Fujifilm (FUJIY) are among possible bidders for a medical equipment unit of Toshiba (TOSBF) in a deal that could be valued as high as $3B, Reuters reports, citing people familiar with the process. Reference Link
January 26, 2016
09:05 EDTSSNLFVerizon and Samsung launch network extender solution
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05:15 EDTINTCStocks with implied volatility below IV index mean; AXP INTC
Stocks with implied volatility below IV index mean; American Express (AXP) 28, Intel (INTC) 27 according to iVolatility.
January 25, 2016
09:32 EDTINTCApple Active equity options trading on open
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07:16 EDTINTCIntel upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Deepon Nag upgraded Intel to Oupterform and raised his price target to $35 from $34 on shares. The analyst believes the combination of easier comps and moderating competition in tablets and smartphones should result in a PC shipment growth acceleration into CY16. Additionally, Nag said Intel has been undershipping end-demand for all of 2015, which adds to estimates and potential upside as the PC supply chain replenishes inventories.
06:57 EDTSSNLFSamsung plans to open New York-based VR movie studio, CNet reports
Samsung intends to open a virtual reality movie studio in New York to produce immersive experiences, CNet reports. Reference Link
06:15 EDTSSNLFSamsung exec: Will consider M&A for home appliances unit, Reuters reports
Samsung (SSNLF) will mull all potential options to grow its home appliances unit including M&A, Reuters reports, citing comments from Samsung appliances head Suh Byung-sam in from of reporters at a company event. The executive said that Haier's (HRELY) acquisition of GE's (GE) appliances unit will have no serious effect on its business in the near term, the report says. Reference Link
05:36 EDTINTCStocks with implied volatility below IV index mean; CELG INTC
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January 24, 2016
18:49 EDTTOSBFToshiba to sell part of chip business, Reuters says
Toshiba plans to sell part of its chip operations and has begun accepting bids, with exploratory interest already shown by Development Bank of Japan, reports Reuters, citing sources. The potential sale would exclude the company's NAND flash memory but would include its system LSI and discrete chip businesses, the sources told Reuters. Reference Link
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