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Stock Market & Financial Investment News

News For KMB;JAH;V;CLX;ACTV;IBM;DELL;FB;T;INTC;KO;MA;YHOO From The Last 14 Days
Check below for free stories on KMB;JAH;V;CLX;ACTV;IBM;DELL;FB;T;INTC;KO;MA;YHOO the last two weeks.
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April 17, 2014
07:20 EDTYHOOWeibo grosses $285.6M in IPO with low-end pricing, Bloomberg says
Weibo, the Chinese microblogging service owned by Sina (SINA) and Yahoo's (YHOO) Alibaba, grossed $285.6M in its U.S. IPO after pricing the shares on the lower-side of a marketed range, reported Bloomberg. Reference Link
07:13 EDTYHOOAfter Alibaba's IPO, Yahoo still poised to gain value, Bloomberg says
Yahoo is selling nearly 40% of its Alibaba stake during the Chinese e-commerce company's IPO, but it still poised to have a large piece of Alibaba afterwards, reported Bloomberg. Reference Link
06:30 EDTIBMIBM price target raised to $197 from $175 at JPMorgan
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06:09 EDTIBMIBM unchanged outlook effectively a guide-down, says UBS
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06:06 EDTIBMIBM price target lowered to $173 at Goldman Sachs
Goldman Sachs says IBM reported "another tough quarter" on weakness in emerging markets and increasing competition in application outsourcing. The firm lowered its price target for shares to $173 from $175 and keeps a Neutral rating on the name.
April 16, 2014
19:32 EDTMAMasterCard acquires Pinpoint
MasterCard announced that it has entered into an agreement to acquire Pinpoint, a provider of loyalty and rewards services to financial institutions across the Asia Pacific region. This acquisition is expected to close in Q2. Financial terms of the deal were not disclosed.
18:55 EDTIBMOn The Fly: After Hours Movers
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17:57 EDTYHOOYahoo nominates three new board members
Yahoo announced the nomination of three new members to the company's board. Shareholders will vote on the nominees at the company's Annual Meeting on June 25. The nominees are David Filo, co-founder, Yahoo! Inc. and Chief Yahoo; Charles R. Schwab, chairman and a director of The Charles Schwab Corporation (SCHW); and H. Lee Scott, Jr., former President and Chief Executive Officer, Walmart (WMT).
17:57 EDTYHOOYahoo seeks default search status for Apple products, Re/code says
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17:55 EDTIBMIBM reports Q1 Global Services total signings $11.2B
Outsourcing signings were $5.5B, and transactional signings were $5.7B. Comments from presentation slides for Q1 earnings.
17:22 EDTIBMIBM says FY14 revenue growth to be impacted by hardware business challenges
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16:54 EDTIBMIBM says still expects to deliver at least $20.00 in operating EPS in 2015
FY15 consensus $19.86. Guidance from Q1 earnings conference call.
16:40 EDTYHOO, IBMOn The Fly: Closing Wrap
Stocks on Wall Street were higher after Fed Chair Janet Yellen struck a dovish tone in comments to the Economic Club of New York, which was in step with the minutes of the last FOMC meeting released last week. The Fed also released its latest Beige Book report, which indicated that economic activity increased in most regions after the severe winter weather that gripped much of the country to start the year had let up. Corporate earnings season continues to pick up steam, with Dow members IBM (IBM) and American Express (AXP), as well as Google (GOOG), reporting after the market close. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fed's Beige Book report indicated that economic activity rebounded and strengthened in most regions over the last six week. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Bank of America (BAC) fell 26c, or 1.59%, to $16.13 after the bank reported a first quarter loss of 5c per share, largely due to $6B in legal charges. Excluding the impact of this litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and other legacy mortgage-related matters, the banking major reported earnings that appeared to beat estimates... Yahoo (YHOO) gained $2.14, or 6.26%, to $36.35 after its quarterly report, with investors reacting most positively to the 66% year-over-year revenue growth reported by Chinese e-commerce company Alibaba, in which Yahoo holds a 24% stake. Yahoo's quarterly profit and revenue also beat expectations and the company's CEO Marissa Mayer said during its earnings webcast that the search giant's core business has moved from declining growth to stable to modest growth. MAJOR MOVERS: Among the notable gainers was CBS Outdoor (CBSO), which jumped $1.94, or 6.69%, to $30.96 after the IRS approved a plan for the company, which was just last week spun-off from its parent CBS (CBS), to convert into a real estate investment trust, or REIT. Other companies seeking REIT status, including Equinix (EQIX), Iron Mountain (IRM) and Lamar Advertising (LAMR), also rose following CBS' announcement. Also higher was drugmaker Zogenix (ZGNX), up 48c, or 20.51%, to $2.82 after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers were U.S.-listed shares of Credit Suisse (CS), which fell 54c, or 1.7%, to $31.22 after the Swiss bank reported net income and revenue that fell when compared to the prior year. Also lower were Agnico Eagle Mines (AEM) and Yamana Gold (AUY) after agreeing to jointly acquire Osisko Mining. Angico shares fell $2.61, or 8.56%, to $27.88, while Yamana was down 36c, or 4.3%, to $8.02. INDEXES: The Dow was up 162.29, or 1.0%, to 16,424.85, the Nasdaq was up 52.06, or 1.29%, to 4,086.23, and the S&P 500 was up 19.33, or 1.05%, to 1,862.31.
16:16 EDTIBMIBM reports Q1 cloud revenue up more than 50%
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16:16 EDTIBMIBM reports Q1 adjusted gross profit margin 47.6%, up 90bps
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16:15 EDTIBMIBM down more than 2% following Q1 results
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16:13 EDTIBMIBM reports Q1 Global Technology Services segment revenues down 3%
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16:11 EDTIBMIBM reports Q1 revenue from growth markets down 11%
Revenues from the company’s growth markets decreased 1%, down 5%, adjusting for currency. Revenues in the BRIC countries — Brazil, Russia, India and China — decreased 11%, down 6%, adjusting for currency.
16:10 EDTIBMIBM reports Q1 revenue from Software segment up 2%
Revenues from the Software segment were up 2% to $5.7B, up 2%, adjusting for currency, compared with the first quarter of 2013. Software pre-tax income decreased 5% and pre-tax margin decreased to 29.1%, including an impact of approximately $0.2B for the workforce rebalancing charge.
16:08 EDTIBMIBM sees FY14 adjusted EPS at least $18.00, consensus $17.84
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