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Stock Market & Financial Investment News

News Breaks
December 10, 2012
06:05 EDTLNCGY, GOOG, GMOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: U.S. consumer spending is showing signs of weakening as a number of factors, from high unemployment to the prospect of increased taxes, are threatening to sap consumers' spending power at a time when other sectors of the economy are likely too weak help, the Wall Street Journal reports...The euro interbank offered rate is facing mounting attacks, and the EU is expected to soon accuse multiple banks of attempted collusion in the setting of Euribor, sources say, the Wall Street Journal reports...REUTERS: Legend Holdings, parent company of PC Lenovo Group (LNVGY), plans to list in China's A-share market sometime between 2014 and 2016, the firm's chairman says, according to China Business, Reuters reports...With talk of the U.S. economy going over the "fiscal cliff," investors' collective shrug marks a stark change from how they had behaved in the two weeks after the presidential election, when the looming budget crisis caused wild swings in stock prices. The S&P 500 index has nearly retraced the 5.3% slide it suffered in the first seven sessions after the vote. Some of the rebound reflects market confidence that a short-term deal will be reached, or that investors realize they are looking at a gentle slope instead, Reuters reports...BLOOMBERG: Google (GOOG) avoided about $2B in worldwide income taxes in 2011 by shifting $9.8 in revenues into a Bermuda shell company, nearly double the total from three years before, filings show, Bloomberg reports...GMs (GM) Opel division will stop making cars at its plant in Bochum, Germany in 2016 when the current version of the Zafira minivan is replaced, Bloomberg reports.
News For LNCGY;GOOG;GM From The Last 14 Days
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October 20, 2014
13:40 EDTGOOGVringo says Court of Appeals invites Google to respond to en banc petition
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11:53 EDTGMDeaths tied to faulty GM ignition-switch increases to 29, Reuters says
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09:36 EDTGOOGActive equity options trading on open
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09:31 EDTGOOGRobinhood.org to hold conference
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08:22 EDTGMCourt rules GM loan docs valid despite mistake, Reuters reports
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06:22 EDTGOOGYouTube's Robert Kyncl considering leaving company, NY Post reports
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06:01 EDTGOOGGoogle's Hiroshi Lockheimer overseeing Android, Chrome engineering, WSJ says
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October 17, 2014
18:10 EDTGMGeneral Motors General Counsel Michael Millikin to retire in early 2015
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16:55 EDTGOOGStocks end volatile week lower amid oil price plunge
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16:31 EDTGMGeneral Motors announces $12.5B revolving credit facility
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09:38 EDTGOOGActive equity options trading on
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07:53 EDTGOOGFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to take a step back, to pause to consider, I hope, a change of course, and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
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07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
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07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
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06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:13 EDTGOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMHs watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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