New User:

Forgot your password?

Stock Market & Financial Investment News

Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 >>
November 12, 2015
12:38 EDTGOOGYouTube launches Music app
YouTube has launched the YouTube Music app for iOS and Android. In a blog post, the company commented, YouTube is offering a free 14-day trial of premium mode. "No matter where you start in the app, the music will never stop. Every song you play or artist you choose will take you on an endless journey through YouTube's music catalog. A simple tap and you're on your way, enjoying your favorite music and discovering new artists effortlessly. The home tab will recommend tracks just for you and create personalized stations based on your tastes." Reference Link
09:19 EDTGOOGPayPal sinks with Apple eyeing peer-to-peer payments
Shares of PayPal (PYPL) are weak again this morning following a report yesterday afternoon alleging that Apple (AAPL) is set to launch a competitor to one of the payment technology company's offerings. Analysts that were already split about PayPal's prospects are also divided on the potential impact of Apple's entry, with a bull at Citi downplaying the risk and a bear at Piper Jaffray voicing greater concern. APPLE COMPETITION: Apple is in talks with U.S. banks to create a mobile person-to-person payment service, reported The Wall Street Journal yesterday afternoon, citing people familiar with the matter. Apple's service, which would likely be linked to the company's Apple Pay system and could get off the ground next year, would compete with PayPal's Venmo peer-to-peer, or P2P, payment platform, the Journal said. BULLISH TAKE: Citi analyst Ashwin Shirvaikar says his Buy thesis on PayPal is unchanged after the Journal's report regarding Apple's efforts. Apple is a "viable competitor in a crowded field," but its product is unlikely to change the near-term growth trajectory of PayPal's Venmo, Shirvaikar told investors in a research note. He keeps a Buy rating on PayPal with a $44 price target. BEARISH TAKE: Piper Jaffray analyst Gene Munster believes Apple's reported plans for a P2P payment offering sometime in 2016 will have limited to no impact on his model for the iPhone maker, but cautions that more mobile wallets offering P2P will add to the challenges facing PayPal's Venmo. The analyst believes the "real estate for all logos at the point-of-sale will be scarce and cluttered," noting that in addition to new entrants like Apple Pay, Samsung Pay, Google's (GOOG) Android Pay, JPMorgan's (JPM) Chase Pay, MCX/CurrentC and PayPal there are still legacy players such as Visa (V) Checkout, MasterCard (MA) Masterpass, and American Express' (AXP) Express Checkout. Munster thinks Venmo is a strong offering that will keep gaining share, but in addition to competition, he sees low interest rates hindering float income and thinks the value proposition for consumers and merchants remains "uncertain." The analyst keeps an Underweight on PayPal, which is the firm's equivalent of a "sell" rating, with a $30 target for its shares. PRICE ACTION: Shares of PayPal slipped 1.8% to close at $36.33 yesterday following the Journal's report. In pre-market trading, the stock fell another 1% to $36 per share.
08:07 EDTACNAccenture, Box say Amadeus bringing Box content platform to workforce
Subscribe for More Information
November 11, 2015
18:45 EDTGOOGGoogle may face competitive hurdles in China, WSJ says
Google (GOOG) could face intense competition in China even as it looks to secure government approval to launch its Google Play mobile app store in the country, reports the Wall Street Journal. After pulling its services from China roughly five years ago over censorship issues, local rivals Baidu (BIDU), Xiaomi, and others have gained significant footholds. Sources in the Chinese internet industry told the Journal it "shouldn't be too difficult" for Google to obtain regulatory approval for Play, and the app store may in fact be Google's best chance of penetrating the region, given the high fragmentation and security issues of local offerings. Reference Link
17:07 EDTACNH.B. Fuller wins $14M in arbitration case against Accenture
H.B. Fuller (FUL) has been awarded damages in the amount of $12.8M in its arbitration case against Accenture (ACN) related to the company's enterprise resource planning software implementation in 2014. The arbitrator also ruled that H.B. Fuller did not owe $1.4M in fees, bringing the total monetary relief to over $14M.
14:31 EDTGOOGAlphabet Inc volatility near historic low as shares trend to record high
Alphabet Inc (GOOG) November weekly call option implied volatility is at 18, November and December is at 19; compared to its 52-week range of 17 to 42, suggesting decreasing price risk as shares trend to record high.
10:41 EDTMDRXLeerink healthcare analyst holds an analyst/industry conference call
Analyst Larsen, along with Linda White, President & CEO of Deaconess Health System, discuss Evolent and relevant companies ATHN, CERN, MDRX and QSII, and the increase in demand for population health management on an Analyst/Industry conference call to be held on November 12 at 2:30 pm.
08:25 EDTGOOGFederal claims dismissal in Google browser tracking suit upheld, Reuters reports
Subscribe for More Information
08:15 EDTACNExecutives' Club of Chicago to hold a discussion
The Executives' Club of Chicago holds their Business Technology Leadership Forum entitled, "Safeguarding Your Business: The Impact of Growing Cyber Threats" with Kevin Novak, CISO of Northern Trust, Tom Corn, SVP of VMware, Richard Rushing, CIO of Motorola Mobility and Kevin Richards, Managing Director of Accenture in Chicago on November 11 at 7 pm.
07:55 EDTACNRBC Capital to hold a conference
Subscribe for More Information
06:19 EDTGOOGAppNexus talks to Goldman, other banks about IPO plans, Business Insider reports
Subscribe for More Information
<< 1 | 2 | 3 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use