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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 15, 2014
12:58 EDTKOOn The Fly: Midday Wrap
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12:34 EDTYHOOYahoo April 33 straddle priced for 7.4% move into Q1
12:32 EDTYHOOEarnings Preview: Yahoo shares trading down 10% since last earnings report
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11:23 EDTIBMInfosys falls after quarterly revenue trails estimates
Shares of Infosys (INFY), which consults on business information technology and systems integration, are falling after the company's fourth quarter revenue trailed analysts' consensus estimate. WHAT'S NEW: This morning, Infosys reported fourth quarter earnings per share of 85c and revenue of $2.09B, compared to expectations of 79c and $2.11B, respectively. The company's CEO and Managing Director, S. D. Shibulal, said he was pleased that Infosys was able to double its growth rate for the full year compared to last year, though added that its performance in the last quarter of of the fiscal year had been "disappointing." The company noted that Infosys and its subsidiaries added 50 clients during the quarter and 238 during the year. Infosys forecast FY15 revenue growth of 7%-9%, compared to consensus of $9.06B. WHAT'S NOTABLE: Infosys said its board had decided to increase the dividend pay-out ratio to up to 40% of post-tax profits effective FY14. Infosys' current policy is to pay dividends up to 30% of post-tax profits. OTHERS TO WATCH: Like Infosys, Wipro (WIT) is an IT services and software solution consultant headquartered in India. Others in the business consulting space include Cognizant Technology (CTSH), IBM (IBM) and Accenture (ACN). PRICE ACTION: In late morning trading, Infosys fell $3.49, or about 6.3%, to $52.09 on nearly twice its average daily trading volume. Shares of Cognizant were down about 0.75% to $48.12, while Wipro was up about 2.6% to $13.56.
10:34 EDTKOCoca-Cola sees improving North America soft drink pricing from Q1
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10:07 EDTKOCoca-Cola sees 'significant' currency headwinds for the remainder of this year
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10:00 EDTIBMOn The Fly: Analyst Downgrade Summary
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10:00 EDTYHOO, V, MAOn The Fly: Analyst Upgrade Summary
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09:36 EDTKOCoca-Cola rises after results, levels to watch
Shares are up 2.7% following results from the company earlier this morning. At that price next resistance is at $40.23, a prior pivot high. Support is at $39.28.
09:35 EDTKOActive equity options trading on open
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09:16 EDTKOOn The Fly: Pre-market Movers
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09:00 EDTKOCoca-Cola rises 2.4%
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08:09 EDTYHOOYahoo slow to add outside board members, Re/code says
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08:08 EDTFBJDSU appoints Facebook Chief Information Officer Tim Campos to board
JDSU (JDSU) announced that Tim Campos has been appointed to its board, effective April 15. Campos is currently the Chief Information Officer and a member of the senior management team at Facebook (FB).
08:06 EDTIBMIBM April volatility elevated at 55 into Q1
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07:34 EDTKOCoca-Cola CEO: Growth momentum improving in line with expectations
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07:34 EDTKOCoca-Cola sees FY14 net share repurchases $2.5B-$3B
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07:34 EDTKOCoca-Cola: Change in exchange rates to have unfavorable impact on op. income
The company says "Based on recent changes to the Venezuelan currency exchange rate mechanisms, we changed the exchange rate we used to remeasure our Venezuelan subsidiary’s financial statements into U.S. dollars... Based on our current projections, we expect this change in exchange rates to have an unfavorable currency impact on our operating income for the remainder of 2014. Additionally, the Venezuelan government issued a new law on fair pricing establishing the maximum profit a business can earn in Venezuela. We are currently evaluating the impact the new law may have on our 2014 operating results. The bottling transactions completed in 2013 are anticipated to have an unfavorable 1% structural impact on both our full-year 2014 net revenues and operating income, with the full impact occurring in the first half of the year. Currency exchange rates are expected to have an unfavorable impact on our reported results in 2014. Based on current spot rates, our existing hedge positions, and the cycling of our prior year rates, we estimate currency will be an approximate 7% headwind on our full-year operating income, and an approximate 7% headwind on our second quarter operating income. This outlook reflects the negative impact of the Venezuela devaluation, partially offset by slight improvements in other currencies as compared to the outlook we provided at the time of our year-end 2013 earnings release."
07:32 EDTKOCoca-Cola reports Q1 comparable EPS 44c, consensus 44c
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06:54 EDTIBMIBM downgraded to Neutral from Buy at Citigroup
Citigroup downgraded its rating on IBM to Neutral from Buy citing valuation and lowered its price target for shares to $200 from $235.
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