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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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| May 22, 2013 |
| 10:37 EDT |  | FB | Pandora extends Facebook partnership with timeline App
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| 10:00 EDT |  | KO | On The Fly: Analyst Initiation SummaryDr Pepper Snapple Popular
Today's noteworthy initiations include: Chart Industries (GTLS) initiated with an Outperform at Raymond James... Coca-Cola (KO) initiated with a Market Perform at BMO Capital... Cott Corp. (COT) initiated with a Market Perform at BMO Capital... Dr Pepper Snapple (DPS) initiated with a Market Perform at BMO Capital... Galena Biopharma (GALE) initiated with an Outperform at JMP Securities... Monster Beverage (MNST) initiated with an Outperform at BMO Capital... PepsiCo (PEP) initiated with an Outperform at BMO Capital... Popular (BPOP) initiated with an Outperform at Wells Fargo... Central Pacific (CPF) initiated with an Outperform at Raymond James. |
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| 09:10 EDT |  | INTC | Intel management to meet with Deutsche Bank
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| 08:58 EDT | | FB | Facebook management to meet with Deutsche Bank
Meeting to be held in New York on May 22 hosted by Deutsche Bank. |
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| 07:24 EDT | | DELL, INTC | NetEvents International to host a summit
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| 07:21 EDT | | INTC | MIT Sloan Alumni Club of Boston to hold a symposium
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| 07:08 EDT |  | T | Phone companies start selling subscriber data, WSJ reports
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| 06:27 EDT | | KO | Coca-Cola initiated with a Market Perform at BMO Capital
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| 06:16 EDT | | YHOO | France Telecom to invest up to $64M in Dailymotion, Reuters reports
France Telecom (FTE) plans to invest about $64M its video-sharing website Dailymotion and begin a new search for a partner this fall, according to CEO Stephane Richard, reports Reuters. He said that "the door is not closed" to Yahoo (YHOO), which had been in talks to buy a 75 % stake in Dailymotion in a deal that would have valued Europe's largest video website at $300M.Reference Link |
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| 06:02 EDT | | T | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports. |
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| 05:58 EDT |  | IBM | Stocks with implied volatility below IV index mean; IBM ARUN
Stocks with implied volatility below IV index mean; IBM (IBM), Aruba Networks (ARUN) according to IVolatility. |
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| May 21, 2013 |
| 14:50 EDT | | MA, V | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link |
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| 13:08 EDT | | INTC | Intel CEO creates 'new devices' group, Reuters reports
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| 10:20 EDT | | YHOO | Yahoo CEO says impact of Tumblr, other deals should be seen in 2014
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| 08:03 EDT |  | YHOO | Yahoo price target raised to $30 from $27 at Oppenheimer
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| 07:43 EDT | | T | FierceWireless to host a breakfast meeting
Pre-Conference Breakfast at CTIA 2013 is being held in Las Vegas on May 21 at 10:30 am. |
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| 06:14 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM ARUN
Stocks with implied volatility below IV index mean; IBM (IBM), Aruba Networks (ARUN) according to IVolatility. |
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| 05:36 EDT | | T | AT&T provides statement regarding Oklahoma tornado
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| May 20, 2013 |
| 17:49 EDT | | YHOO | Yahoo CEO announces new office in NY, 1TB of free space on Flickr, AllThingsD says
Yahoo CEO, Marissa Mayer and NYC Mayor Michael Bloomberg announced, in a joint press conference, that Yahoo has a new office in the old New York Times building in Times Square, reports AllThingsD. Mayer also announced that Flickr users will have a free terabyte of storage space, the website added. Reference Link |
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| 16:55 EDT | | DELL | S&P lowers Dell ratings to 'BBB' from 'A-', remains on watch negative
Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Dell to 'BBB' from 'A-', and its commercial paper rating to 'A-2' from 'A-1'. All ratings remain on CreditWatch, where they were placed with negative implications on Feb. 5. The initial CreditWatch listing reflected S&P's assessment that the $24.4B going private transaction, which includes a substantial portion of debt financing, will materially degrade Dell's financial risk profile, which S&P currently view as modest. Although Carl Icahn submitted a non-binding alternative acquisition proposal, the Michael Dell and Silver Lake Partners LBO proposal remains the only transaction that has been approved by Dell's board of directors. S&P's review of the LBO transaction terms and the company's ownership, business and financial strategy may also result in a downward revision of its assessment of Dell's business risk profile. |
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| 16:22 EDT |  | YHOO | On The Fly: Closing Wrap
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| 13:06 EDT | | YHOO | On The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. |
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| 11:21 EDT | | YHOO | Yahoo acquisition a step in right direction, says Piper Jaffray
Piper views Yahoo's acquisition of Tumblr as a step in the right direction and one that could increase the company's top line growth from its current 1% estimate to 2% in 2013 and from 5% to 8% in 2014. However, Piper feels the deal is too small to materially change Yahoo's growth rate and continues to view the Alibaba IPO as the biggest part of the Yahoo story. The firm raised its price target for shares to $27 from $21 and keeps a Neutral rating on the name. |
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| 11:14 EDT | | DELL | Dell to deliver public cloud through partner ecosystem
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| 10:52 EDT |  | FB | Facebook near session lows, levels to watch
The stock is drifting lower today, nearing session lows at $25.73. At that price, next support is at $25.33, the 1-month low. Resistance is at $26.25. |
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| 10:03 EDT | | YHOO | Yahoo hosted a conference call
Conference call was held to discuss the acquisition of Tumblr on May 20 at 9 am and has a replay available from 11 am on May 20 through May 26. Webcast Link |
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| 09:26 EDT | | YHOO | On The Fly: Pre-market Movers
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| 08:23 EDT | | YHOO | Yahoo shares slip on Tumblr purchase, levels to watch
The shares are down just over 1% after the company agreed to purchase Tumblr in a deal valued at $1.1 billion. At the current share price of $26.25, next support is at $25.55. Resistance is at $26.66, a prior pivot high. |
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| 08:10 EDT | | INTC | Intel management to meet with Deutsche Bank
Meeting to be held in Stockholm on May 20 hosted by Deutsche Bank. |
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| 08:03 EDT | | YHOO | Yahoo confirms plan to acquire Tumblr for $1.1B
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| 08:01 EDT | | YHOO | Yahoo confirms plan to acquire Tumblr for $1.1B
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| 07:45 EDT | | YHOO | Yahoo Tumblr deal won't move needle strategically, says Stifel
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| 07:42 EDT | | IBM | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. |
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| 07:37 EDT | | JAH | Barclays to host a conference
High Yield and Syndicated Loan Conference is being held in Chicago on May 20-22. |
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| 07:32 EDT | | INTC | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. |
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| 07:32 EDT | | INTC | Society for Information Display / IHS to host a conference
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| 07:05 EDT | | YHOO | Jefferies concerned about $1.1B valuation for Tumblr
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| 07:03 EDT | | DELL | Dell committee says cannot evaluate Icahn proposal without more information
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| 07:00 EDT | | FB | New Facebook projects probably won't bear fruit soon, AllThingsD says
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| 06:56 EDT | | YHOO | Yahoo volatility flat into expected acquisition of Tumblr for $1.1B
Yahoo overall option implied volatility of 29 is near its 26-week average of 28 according to Track Data, suggesting non-directional price movement into the media reports of the acquisition of blogging startup Tumblr for $1.1B in cash. |
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| 06:07 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM FSLR
Stocks with implied volatility below IV index mean; IBM (IBM), First Solar (FSLR) according to IVolatility. |
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| May 19, 2013 |
| 18:59 EDT | | INTC | Cisco looks the best out of tech comeback stocks, Barron's says
Cisco (CSCO), Intel (INTC), and Microsoft (MSFT) stocks have jumped this month, however, Intel and Microsoft's revenue growth declined, due to their reliance on the PC market, providing Cisco with an opportunity to pull ahead in the technology sector, Barron's contends in its Technology Trader column. Cisco looks moderately priced, the paper adds. Reference Link |
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| 17:10 EDT | | FB | Facebook's Waze deal being held up by move from Israel, NY Post says
Facebook’s negotiations to buy mapping firm Waze are being held up as founders of Waze, based in Israel, are holding out for more money, the NY Post says. Citing sources, the Post says that Waze founders want more money if they are going to be forced to move from Israel to Silicon Valley as part of the deal. Reference Link |
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| 14:33 EDT | | YHOO | Yahoo board give okay for $1.1B Tumblr purchase, WSJ says
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| 12:49 EDT | | YHOO | Yahoo board to meet Sunday to consider Tumblr acquisition, AllThingsD says
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| May 17, 2013 |
| 16:34 EDT | | CLX | Clorox board authorizes new $750M share repurchase, cancels old programs
Clorox disclosed in a regulatory filing that on May 13, the board of directors of the company terminated its previously announced May 13, 2008 and May 18, 2011 share repurchase authorizations and authorized an updated share repurchase program for an aggregate purchase amount of up to $750M. This reduces the total dollar value of shares that the company could repurchase under its open market share repurchase program from $821M to $750M. This $750M open market share repurchase program is in addition to the company’s previously announced evergreen repurchase program to reduce or eliminate dilution in connection with issuances of stock under the company’s stock incentive plans. |
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| 15:04 EDT | | YHOO | Yahoo to hold product-related event Monday, CNBC says
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| 14:03 EDT | | DELL | Market set to finish week with gains after Cisco results, comments
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| 08:29 EDT | | DELL | JPMorgan's business and information services analyst holds a conference call
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| 08:02 EDT | | DELL | Dell results could increase votes for Silver Lake offer, says Wells Fargo
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| 06:51 EDT | | FB | Facebook volatility at low end of historic range
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| 06:49 EDT | | T | AT&T initiated with an Equal Weight at Barclays
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| 06:36 EDT | | FB | Google to add new apps to Google Glass, NY Times says
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| 06:27 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM FSLR
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| May 16, 2013 |
| 19:47 EDT | | YHOO | Yahoo in talks with Tumblr, AllThingsD reports
An AllThingsD report that cites sources close to the situation says Yahoo is in serious talks with Tumblr regarding a strategic alliance, or a potential outright buy of the company. The report cites sources that say this isn't the first time Yahoo CEO Marissa Mayer has been interested in Tumblr, saying that since taking over at Yahoo, Mayer has met with Tumblr executives, including founder David Karp. Reference Link |
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| 18:01 EDT | | DELL | Dell continues to expect 'relatively weak' demand in end-user PC business
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| 16:25 EDT | | YHOO | Yahoo! granted favorable ruling in Mexico City superior court
Yahoo! announced that the Superior Court of Justice for the Federal District in Mexico has granted the company’s appeal and reversed the ruling of the 49th Civil Court of Mexico, which had entered a non-final judgment of $2.75B against Yahoo! and Yahoo! Mexico on November 28, 2012. The appellate decision overturned all monetary awards against Yahoo! and reduced the monetary award against Yahoo! Mexico to $172,500. Yahoo! Mexico was awarded $2.6M in the original judgment, and this award was confirmed by the appellate decision. |
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| 16:05 EDT |  | DELL | Dell reports Q1 enterprise solutions, services, software revenue up 12% to $5.5B
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| 16:02 EDT | | DELL | Dell not providing guidance for Q2
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| 16:01 EDT | | DELL | Dell reports Q1 adjusted EPS 21c, consensus 35c
Reports Q1 revenue $14.1B, consensus $13.52B. |
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| 15:14 EDT | | DELL | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. |
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| 13:58 EDT | | DELL | Earnings Preview: Dell facing uncertainty about going private ahead of Q1 report
Dell (DELL) is set to report Q1 earnings after the market close on Thursday, May 16, with a conference call scheduled for 4:45 pm ET. Dell is a global IT company that operates enterprise, business, and consumer segments. EXPECTATIONS: Analysts are looking for EPS of 35c on revenue of $13.52B, according to First Call. The consensus range for EPS is 28c-42c on revenue of $12.6B-$14.22B. A report by Dow Jones earlier this week said Dell will report non-GAAP EPS of 20c on revenue of about $14B. LAST QUARTER: Dell reported Q4 adjusted EPS of 40c against consensus for 39c on revenue of $14.3B against estimates for $14.12B. On its Q4 earnings conference call, the company said it expects continued margin pressure and market competitiveness in 2013. GO-PRIVATE NEWS: On February 5, Dell officially announced that it had agreed to be taken private for $13.65 per share by a consortium lead by Silver Lake. On March 25, Dell announced it had received two alternative proposals during its go-shop process, which began following its February 5 announcement. These proposals included a $14.25 per share offer from Blackstone (BX), and a $15 per share offer from Carl Icahn and affiliated funds, including Icahn Enterprises (IEP). On April 19, Dell announced that Blackstone decided not to submit a bid for the company. Last Friday, Icahn and Southeastern Asset Management, which collectively hold about a 13% stake in Dell, submitted an alternative proposal to Dell's board. The Icahn and Southeastern proposal would allow Dell shareholders to receive a $12 per share cash distribution or $12 of additional shares valued at $1.65 per share. On Monday, the special committee of Dell's board asked Icahn and Southeastern for more information related to proposal, while Icahn and Southeastern proposed a slate of directors to the company's board that same day. COMPANY NEWS: In addition to news surrounding the company's go-private proposal, data regarding global PC demand has also weighed on Dell. On April 10, data from IDC said worldwide PC shipments totaled 76.3M in Q1, a 13.9% decline from the prior year period, which was worse than the expected decline of 7.7%. IDC also added that this year-over-year decline was the worst since the firm began its quarterly tracking of the PC market in 1994. On March 28, data released by Gartner said worldwide IT spending is projected to increase 4.1% in 2013 to $3.8T. PRICE ACTION: Shares of Dell have slid more than 2.5% since the first day of trading following its Q4 report. Following the March announcement that Dell received alternative proposals from Blackstone and Icahn, shares closed as high as $14.51 per share. Through April, however, shares of Dell slipped, including a sharp decline after disclosing Blackstone withdrew its offer, with shares closing as low as $13.09 per share. In afternoon trading ahead of its Q1 report, shares of Dell are down 0.2%, to about $13.42. |
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| 13:57 EDT | | DELL | Dell May 13 straddle priced for 1.7% move into Q1
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| 13:40 EDT | | INTC | Intel CFO Smith says staying with the company, CNBC reports
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| 12:12 EDT | | YHOO | Yahoo in pact to integrate Twitter content on newsfeed
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| 05:59 EDT | | FB, INTC | High tech firms involved in immigration battle, WSJ reports
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| 05:57 EDT | | FB | Facebook implied volatility at lower end of index mean range
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| 05:55 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM FSLR
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| May 15, 2013 |
| 17:46 EDT | | V, FB | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . |
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| 17:09 EDT | | YHOO | Greenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). |
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| 16:55 EDT | | IBM | Berkshire Hathaway gives quarterly update on stakes
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| 16:48 EDT | | DELL | Icahn gives quarterly update on stakes
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| 16:08 EDT | | YHOO | Google sites lead U.S. April searches with 66.5% of searches, comScore says
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| 12:59 EDT | | T | Google confirms plan to sell Samsung Galaxy S4 in Google Play store
Says GS4 will be available on AT&T (T) and T-Mobile (TMUS) networks. |
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| 12:25 EDT | | T | AT&T CEO sees mobile business stronger in Q2
On the AT&T presentation at the JPMorgan Global Technology, Media and Telecom Conference, the CEO of AT&T Randall Stephenson said he was disappointed in the mobility business in Q1. Stephenson said "2013 is going to be driven by pretty much the plan we outlined in the first of the year, and that is you are going to continue to see additional penetration, smartphone growth in our mobility business. And first quarter in mobility was probably not our best quarter; I don't think we executed very well in the first quarter. It was a bit disappointing to me." However the CEO is more optimistic about Q2, saying mobility will "look markedly better" than in Q1. |
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| 10:13 EDT |  | CLX | On The Fly: Analyst Downgrade Summary
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| 08:08 EDT | | DELL | PC sales decline in Western Europe, Economic Times reports
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| 08:05 EDT | | IBM | IBM announces three-year agreement iwth L'Oreal USA
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| 07:35 EDT | | T | JPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link |
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| 06:31 EDT | | CLX | Clorox downgraded to Neutral from Outperform at Credit Suisse
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| 06:16 EDT | | IBM | Stocks with implied volatility below IV index mean; RAX MBI
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| 05:59 EDT | | FB, KO | Corporate boards recruit newcomers with digital knowledge, WSJ reports
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| May 14, 2013 |
| 17:48 EDT | | FB | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). |
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| 16:23 EDT | | DELL | On The Fly: Closing Wrap
Stocks on Wall Street were higher on a Tuesday again, keeping the strange "Tuesday in 2013" streak alive. Some positive domestic economic data and bullish commentary from Appaloosa Management's David Tepper set the tone early and the averages traded with an upward bias for almost the entire trading day. Today's advance means that every Tuesday this year has seen the market log gains, and investors will have to wait another week to see if the pattern continues. ECONOMIC EVENTS: The NFIB small business optimism index for April rose to 92.1, versus expectations for it to climb to 90.3 from its prior 89.5 reading. Import prices were reported to have declined 0.5% in April, which was in-line with expectations. Export prices declined 0.7%, versus a forecast for a 0.1% drop in the month. COMPANY NEWS: Dell (DELL) shares lost 6c, or 0.44%, to $13.46 after Dow Jones said the company will report first quarter non-GAAP earnings of 20c per share, 15c below current consensus estimates. That followed an earlier report from CNBC's David Faber, who also said the company will report earnings that miss expectations and accurately called that Dell has moved its report to Thursday, which is earlier than had been expected... Sony (SNE) shares added $1.87, or 9.9%, but closed off their best levels at $20.76 after the New York Times reported that Dan Loeb of Third Point has built a 6.5% stake and proposes that the company take its entertainment unit public. MAJOR MOVERS: Among notable gainers was InterOil (IOC), up $7.46, or 9.57%, to $85.39 after reporting its earnings and saying its talks with "major oil companies and a national oil company" about a potential LNG partnership are in the final stages. Also higher was SodaStream (SODA), up $6.79, or 11.85%, to $64.08 after at least two analyst firms raised their price target on shares following yesterday's analyst day presentations. Among noteworthy losers was Solar City (SCTY), down $4.44, or 12.37%, to $31.44 after the company's first quarter earnings missed expectations and the stock was downgraded by at least two firms. Also lower was Velti (VELT), down 29c, or 14.5%, to $1.71 after its revenue outlook fell below estimates. INDICES: The Dow was up 123.57, or 0.82%, to 15,215.25; the Nasdaq was up 23.82, or 0.69%, to 3,462.61; and the S&P 500 was up 16.57, or 1.01%, to 1,650.34. |
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| 13:18 EDT | | DELL | Dell to report Q1 non-GAAP EPS 20c, Dow Jones says
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| 12:35 EDT | | DELL | Dell holder Pzena prefers Icahn, Southeastern proposal, CNBC reports
Cites statement from Rich Pzena, who called the Icahn and Southeastern proposal "superior" to the "go-private" deal supported by founder Michael Dell. |
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| 11:18 EDT | | DELL | Dell earnings to miss consensus expectations, CNBC reports
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| 11:17 EDT | | DELL | Dell May volatility increases into Q1 and revenue outlook
Dell May call option implied volatility is at 33, June and July is at 14; compared to its 14-week average of 16 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 16. |
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| 11:13 EDT | | DELL | Dell moving up earnings announcement to Thursday, CNBC reports
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| 11:12 EDT | | DELL | Dell earnings expected to be below consensus, CNBC reports
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| 10:49 EDT | | DELL | Dell accuses optical disk drive makers of price-fixing, Bloomberg says
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| 10:36 EDT | | YHOO | Yahoo CFO says 'would go beyond' existing share repurchase authorization
Comment made at the JP Morgan Global Technology, Media and Telecom Conference. |
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| 09:17 EDT | | V | Visa prepared to enter China, China Daily reports
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| 08:39 EDT | | YHOO | Yahoo price target raised to $30 from $27 at Goldman
Goldman raised Yahoo estimates to account for Alibaba, continued growth acceleration, and appreciation in Yahoo! Japan shares. The firm rates Yahoo1 Conviction Buy. |
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| 08:19 EDT | | DELL | David Tepper says Dell in tough business, no position in company
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| 07:25 EDT | | KO, JAH | Goldman to host a symposium
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| 07:15 EDT | | YHOO | Yahoo price target raised to $30 from $26 at Cantor
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| 06:44 EDT | | MA, V | Visa Europe offers to reduce inter-bank fees, Reuters says
Visa Europe, the European licensee of Visa (V), is prepared to reduce its interbank credit fees by 50% for four years in order to terminate an EU antitrust probe and prevent itself from possibly being fined, according to Reuters. The reduction would lower Visa Europe's interbank credit fees to 0.3%, the same level as that of MasterCard (MA), EU stated, Reuters reported. Reference Link |
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| 06:07 EDT | | FB, T | AT&T may drop HTC Facebook phone, Bloomberg reports
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| 06:00 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM FSLR
Stocks with implied volatility below IV index mean; IBM (IBM), First Solar (FSLR) according to IVolatility. |
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| 05:53 EDT | | FB | Web browsers are being reinvented, WSJ reports
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| 05:44 EDT | | DELL | Banks work deals from both sides of the field, WSJ reports
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| 05:40 EDT | | V | Visa price target raised to $196 from $177 at Deutsche Bank
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| 05:37 EDT | | CLX | Clorox raises quarterly dividend to 71c per share from 64c per share
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| May 13, 2013 |
| 16:49 EDT | | DELL | Icahn, Southeastern to nominate several parties to Dell board
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| 16:25 EDT | | DELL | On The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77. |
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| 14:39 EDT | | KO | Coca-Cola management to meet with JPMorgan
Meeting to be held in New York on May 13 hosted by JPMorgan. |
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| 12:20 EDT | | DELL | On The Fly: Midday Wrap
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| 12:17 EDT | | FB | Facebook's Waze deal hits snag, BGR reports
Facebook's acquisition of social navigation company Waze has hit some complications, said BGR, citing a report from the Israeli newspaper Calcalist. The main area of contention is Facebook's desire to close Waze’s Israel-based R&D center and transfer several employees to the U.S., the report said. Reference Link |
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| 07:59 EDT | | V | Visa management to meet with Deutsche Bank
Meeting to be held in New York on May 13 hosted by Deutsche Bank. |
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| 07:31 EDT | | IBM | Brightcover to host a conference
3rd Annual Brightcove PLAY Global Customer Conference is being held in Boston on May 13-15. |
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| 07:30 EDT | | INTC, IBM | TechConnect to host a summit
2013 National Innovation Summit is being held in Washington, D.C. on May 12-16. |
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| 07:29 EDT | | ACTV | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. |
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| 07:22 EDT | | DELL | Dell special committee asks for more info from Icahn, Southeastern Asset
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| 07:17 EDT | | DELL | Dell special committee asks for more info from Icahn, Southeastern Asset
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| 07:09 EDT | | IBM | Cisco finds difficulties as it diversifies, WSJ reports
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| 06:40 EDT | | FB | Facebook Home not very popular so far, AllThingsD says
Less than 1M people have downloaded Facebook's (FB) new Android app, Facebook Home, since the app was released about a month ago, AllThingsD reported Friday afternoon, citing statements by the social network. As far as popularity is concerned, the app is "not exactly a home run," AllThingsD stated. On the other hand, it is only currently available for five devices that use Google's (GOOG) Android operating system, the website added. Reference Link |
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| 06:11 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM FSLR
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| 06:05 EDT | | IBM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: U.S. companies are on track to raise the most money through IPOs since before the financial crisis, driven by the same thirst for risk among investors that has pushed the stock market to new highs. Already this year, 64 U.S.-listed public offerings have raised $16.8B, according to Dealogic, the Wall Street Journal reports...Cisco Systems (CSCO) shares fell this time last year after executives warned their biggest corporate customers were ordering less equipment. If history repeats itself this week, the networking giant will join a dreary but growing club (IBM, JNPR), the Wall Street Journal reports...REUTERS: Japan's Nikkei share average surged to a new 5-1/2-year high today as the weakening yen further bolstered exporters, while brokerage shares attracted buyers who see growing volume bringing in much more fee income, Reuters reports...China's factory output growth was surprisingly muted in April, darkening the outlook for the Chinese economic recovery and feeding expectations that the government may take policy action to support activity. Annual industrial output grew 9.3%, up from 8.9% in March but still missing market expectations for a 9.5%, Reuters reports...BLOOMBERG: Wall Street’s major bond dealers are beginning to forecast that the Treasury Department will lower the size of its debt auctions in coming months for the first time in three years as government revenue soars, Bloomberg reports...The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle (NSRGY) to Colgate-Palmolive (CL) will pursue more deals in a nation where household income is forecast to triple this decade, Bloomberg reports. |
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| May 12, 2013 |
| 18:35 EDT | | DELL | Carl Icahn's newest offer could be better deal for Dell holders, Barron's says
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| 13:44 EDT | | FB | Facebook's general counsel leaving company, AllThingsD says
Facebook’s general counsel Ted Ullyot is leaving the company to take some time off. Ullyot will be leaving in July and the search for his replacement will include internal and external candidates, says AllThingsD. Reference Link |
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| 12:01 EDT | | T | AT&T, CWA reach tentative agreement in East wireline talks
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| May 11, 2013 |
| 14:18 EDT | | YHOO | Yahoo acquires mobile gaming company Loki Studios
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| May 10, 2013 |
| 16:29 EDT | | DELL | On The Fly: Closing Wrap
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| 13:07 EDT | | DELL | Dell committee says 'carefully reviewing' Icahn, Southeastern proposal
Dell's Special Committee issued a statement regarding a proposal it has received from Carl Icahn and Southeastern Asset Management. The statement read: "Mr. Icahn and Southeastern have outlined a potential leveraged recapitalization transaction that they want the Dell Board either to recommend at this time or to consider if the existing going-private transaction is rejected by Dell shareholders. They have also proposed replacing the Board with a slate of new directors who they say would approve such a transaction. Consistent with the Special Committee’s goal of achieving the best possible outcome for all shareholders, we and our advisors are carefully reviewing the potential transaction to assess the potential risks and rewards to the public shareholders." |
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| 13:05 EDT | | DELL | Dell committee says 'carefully reviewing' Icahn transaction
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| 12:51 EDT | | DELL | Carl Icahn: 'I've made fortunes going against Jim Chanos'
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| 12:47 EDT | | DELL | Icahn says if board is elected, Michael Dell won't run Dell
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| 12:46 EDT | | DELL | Icahn says would personally put up over $2B for Dell bridge loan if needed
Carl Icahn is speaking on CNBC. |
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| 12:42 EDT | | DELL | Icahn says 'not looking to make a dollar' on Dell shares
Carl Icahn is speaking on CNBC. |
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| 12:39 EDT | | DELL | Icahn says proposing full slate of 12 Dell board members on Monday
Carl Icahn is speaking on CNBC. |
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| 12:37 EDT | | DELL | Icahn says Dell needs change in culture
Carl Icahn is speaking on CNBC. |
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| 12:31 EDT | | DELL | On The Fly: Midday Wrap
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| 10:53 EDT | | FB | Facebook adds Facebook Home launcher to more Android phones, androidcentral says
Facebook (FB) has added the Facebook Home launcher to a number of smartphones using Google's (GOOG) Android operating system, including Samsung's (SSNLF) Galaxy S4 and the HTC One, androidcentral reported last night. Reference Link |
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| 09:43 EDT | | KO | Coca-Cola to increase investment in China, Xinhua reports
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| 08:27 EDT | | MA | MasterCard management to meet with Deutsche Bank
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| 07:08 EDT | | T | ESPN considers subsidizing wireless data plans, WSJ reports
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| 06:30 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM FSLR
Stocks with implied volatility below IV index mean; IBM (IBM), First Solar (FSLR) according to IVolatility. |
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| 06:15 EDT | | DELL | Icahn reports 4.52% stake in Dell, sends buyout proposal to board
Carl Icahn disclosed a 4.52% stake in Dell as well a letter sent to the company's board offering an alternative buyout proposal. The letter stated in part, "We are a group of Dell Inc. shareholders that own in the aggregate approximately 13% of the outstanding shares of Dell Inc. From the announcement of the Agreement and Plan of Merger, dated as of February 5, 2013 we have stated repeatedly that we believe that the Going Private Transaction is not in the best interests of Dell shareholders and substantially undervalues the company. As a result, we will vote against the Going Private Transaction." The group's proposal gives shareholders the right to continue as owners and keep their existing equity position in Dell. The shareholders would also be given the opportunity to elect to receive a distribution of $12 per share in cash or $12 in additional shares valued at $1.65 per share. Icahn and Southeastern said they would both elect to receive additional shares rather than cash. Both investors said financing for their proposal would be obtained from Dell's existing cash and $5.2B in new debt. Icahn and Southeastern believe their proposal is superior to Dell's going private transaction. |
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| 06:08 EDT | | DELL | Carl Icahn discloses 4.52% stake in Dell, proposal letter to board
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| 06:03 EDT | | DELL | Icahn, Southeastern propose alternative buyout for Dell, WSJ reports
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| May 9, 2013 |
| 14:30 EDT | | INTC | Options Update; May 9, 2013
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| 12:25 EDT | | YHOO | Yahoo acquires GoPollGo
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| 12:12 EDT | | FB | Leon Cooperman names Facebook, Qualcomm as stock picks
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| 11:36 EDT | | T | AT&T unit Aio Wireless launches no-annual-contract service
Aio Wireless, a subsidiary of AT&T, announced earlier the launch of a new nationwide wireless service without an annual contract. Aio expects the service to roll out in multiple markets across the U.S. over the next year, with an initial launch in select stores in Houston, Orlando and Tampa, and with additional stores in these three markets opening in the coming weeks. Aio’s unlimited talk, text, and data rate plans range from $35 to $70 per month, with pricing varying by market, and will offer 4G download speeds of up to 4Mbs per second. AT&T does not expect this announcement to change its January financial guidance, the company noted. |
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| 09:40 EDT | | T | Jefferies to host a conference
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| 09:23 EDT | | MA | MasterCard management to meet with Deutsche Bank
Meetings to be held in Los Angeles/Pasadena on May 9 hosted by Deutsche Bank. |
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| 07:34 EDT | | IBM | Simon Graduate School of Business to hold a conference
2013 Simon NYC Conference is being held in New York on May 9. |
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| 06:17 EDT | | FB | Facebook smartphone discounted to 99c at AT&T, NY Post reports
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| 06:04 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM FSLR
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| 05:54 EDT | | DELL | Stocks with implied volatility movement; DELL BAX
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| 05:50 EDT | | T | Samsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link |
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| 05:22 EDT | | FB | Facebook in talks to acquire Waze for about $1B, Reuters reports
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| May 8, 2013 |
| 09:50 EDT | | IBM | Pacific Crest has more questions than answers on Fusion-io
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| 08:25 EDT | | YHOO | Yahoo price target raised to $30 from $23 at Bernstein
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| 08:09 EDT | | MA | MasterCard management to meet with Deutsche Bank
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| 07:49 EDT | | INTC | BofA/Merrill's semiconductor analyst holds an analyst/industry conference call
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| 07:45 EDT | | KO | Coca-Cola outlines commitments to help fight obesity
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| 07:11 EDT | | FB | Target uses Facebook to see if deals attract shoppers to stores, Reuters reports
Target (TGT) is rolling out a service that combines social networking and discounts to attract shoppers into its physical stores. The company’s program relies on shoppers using their Facebook (FB) accounts, and they can only redeem the offers they choose in Target's U.S. stores, not online, reports Reuters.Reference Link |
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| 06:10 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM FSLR
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| 06:05 EDT | | FB | On the Fly: Periodicals Wrap-Up
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