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Stock Market & Financial Investment News

News Breaks
December 10, 2012
06:05 EDTGOOG, LNCGY, 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...GM’s (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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November 14, 2014
06:00 EDTGOOGGoogle to retire Google Wallet for digital goods API on March 2, 2015
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November 13, 2014
14:26 EDTGOOGAVG Technologies, Google renew Internet search and advertising agreement
AVG Technologies (AVG) announced earlier it has signed a renewal of its Internet search and advertising services agreement with Google (GOOG; GOOGL). The agreement has a 16-month term. AVG Technologies advised that the company's news release earlier today included an incorrect statement of the terms of the Google contract.
06:24 EDTGMHeidrick & Struggles picked by GM to find new general counsel, WSJ reports
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06:22 EDTGOOGLenovo, Asustek to launch $149 Chromebook, DigiTimes reports
Lenovo and Asustek plan to release Chromebooks using Google (GOOG) certified solutions from Rockchip in 1H15, reports DigiTimes. According to DigiTimes Resarch's latest finding from the Greater China supply chain, the devices are expected to be priced at $149. Reference Link
06:20 EDTGOOGAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
13:04 EDTGOOGYouTube launches Music Key beta monthly subscription service
Google introduced YouTube Music Key beta, a monthly subscription service starting with the promotional price of $7.99/month, discounted from $9.99/month, that will feature ads-free music, background play and offline viewing. It will also include a subscription to Google Play Music, which in the coming days will be upgraded to give users the ability to watch many YouTube official music videos right from the app. "Starting today, you’ll see a new home just for music on your YouTube app for Android, iOS and on YouTube.com that shows your favorite music videos, recommended music playlists based on what you’re into and playlists of trending music across YouTube," Google also stated in its blog post related to the launch. Reference Link
12:56 EDTGOOGFCC chairman disagrees with Obama on Internet rules, Washington Post says
FCC Chairman Tom Wheeler told the executives of major Internet companies that he favors a more nuanced solution for regulating the Internet than the one suggested by President Obama, according to The Washington Post. Wheeler said he would "try to split the baby" between the president's proposal and the agenda of Internet executives who don't want the rules to affect their business, the newspaper stated, citing four unnamed sources who attended a meeting with Wheeler. Comcast (CMCSA), Time Warner Cable (TWC), Verizon (VZ), Cablevision (CVC) ,and AT&T (T) are major Internet Service Providers. Executives from Google (GOOG) and Yahoo (YHOO) were at the meeting with Wheeler, the newspaper said. . Reference Link
11:14 EDTGOOGGoogle DoubleClick says software bug fixed
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10:28 EDTGOOGGoogle says aware of, working on problem with DoubleClick, CNBC reports
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08:42 EDTGMGeneral Motors' Ammann leading push for change, WSJ says
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06:12 EDTGOOGVestager says not all concerns about Google can be covered by inquiry, WSJ says
New EU antitrust chief Margrethe Vestager says she will investigate the concerns posed by Google’s control over large amounts of data, but notes that not all of society’s concerns can be addressed by the competition case, the Wall Street Journal reports. Reference Link
November 11, 2014
17:17 EDTGMGM scales back workers, production at small car plant, WSJ says
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15:59 EDTGOOGYouTube strikes music deals, paving way for streaming service, FT says
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13:55 EDTGOOGYuoTube hires Zynga executive to lead consumer products group, Re/code says
Google's (GOOG) YouTube has hired Manuel Bronstein, a Zynga (ZNGA) executive, to lead its consumer products group, says Re/code. According to the Re/code report, YouTube has had a series of notable managers depart in the last year. Reference Link
13:38 EDTGOOGNew European antitrust chief needs time to resolve Google probe, Reuters says
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13:36 EDTGOOGGoogle launches Google Fiber for small businesses
Google announced that it had launched a high speed Internet service, Google Fiber, for small businesses in select areas of Kansas City. Google will charge $100 per month for the service.
November 10, 2014
12:45 EDTGOOGFullscreen to acquire Rooster Teeth, terms not disclosed, Reuters reports
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07:11 EDTGOOGOpen Mobile Media to hold a summit
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06:41 EDTGMGM ordered new switches months before recall, WSJ reports
Half a million replacement ignition switches were ordered by General Motors (GM) almost two months before it alerted federal safety regulators of the issues that led to a recall of millions of vehicles, the Wall Street Journal reports, citing email exchanges between the automaker and Delphi Automotive (DLPH). The email exchanges, which took place in mid-December 2013 between a GM contract worker and Delphi, indicate GM placed an "urgent" order for 500,000 replacement switches on December 18, a day after a meeting of senior executives. Reference Link
06:04 EDTGOOGGoogle's same-day delivery head leaves for Uber, Re/code reports
The head of Google Express' same-day delivery service, Tom Fallows, has left the company to join Uber, Re/code reported on Friday, citing sources. Reference Link
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