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Stock Market & Financial Investment News

News Breaks
December 10, 2012
06:05 EDTLNCGY, GM, GOOGOn 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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April 8, 2014
09:32 EDTGMGeneral Motors appears oversold, says RBC Capital
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08:08 EDTGOOGCost to Apple, Google, Intel, of 'no-poaching' deal may be high, DealBook says
Some of the of the biggest names in tech, including Apple (AAPL), Google (GOOG), Intel (INTC)and Adobe (ADBE), are at the center of a class-action suit that seeks $9B as compensation for employees who contend the tech giants colluded to prevent their employees from being hired at rivals, reported The New York Times' DealBook. Reference Link
07:45 EDTGOOGSkybox takeover report could pressure DigitalGlobe, says Piper Jaffray
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07:31 EDTGMGM workers in Bowling Green to hold vote on strike, AP reports
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07:17 EDTGMChina car sales up 9% as curbs spark early purchases, Bloomberg says
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07:14 EDTGMGM SUVs earn top scores among rivals in crash test, Bloomberg says
The Insurance Institute for Highway Safety said GM's (GM) Chevrolet Equinox and GMC Terrain earned the highest scores among mid-size sport-utility cars in a test made to simulate one of the deadliest kinds of front-end crashes, according to Bloomberg, citing a statement from IIHS's Chief Research Officer David Zuby. Toyota's (TM) Highlander earned an "acceptable" rating, while the other six cars that were tested were given a "marginal" or "poor" rating. Reference Link
07:12 EDTGOOGGoogle in early talks to buy Skybox Imaging, The Information reports
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06:48 EDTGOOGGoogle Glass catching on with companies, organizations, NY Times reports
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06:40 EDTGOOGAmazon Fire TV takes top spot on Amazon's best sellers list, TechCrunch reports
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06:07 EDTGOOGMicrosoft investing in 'invisible user interface' technology, WSJ reports
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April 7, 2014
17:25 EDTGMGeneral Motors to invest $450M in electric cars, WSJ says
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14:18 EDTGOOGGoogle licenses booking software from Expedia-backed startup, Bloomberg says
Tech giant Google (GOOG), which has been bolstering its investments in travel, is now licensing hotel-booking software from Room 77, a startup backed by Expedia (EXPE), reported Bloomberg, citing a letter sent to Room 77 shareholders that was obtained by the news service. Other online travel agencies include Priceline Group (PCLN) and Orbitz Worldwide (OWW). Reference Link
14:16 EDTGMGroup says General Motors' Impala could have air bag defect, Bloomberg reports
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11:17 EDTGMGeneral Motors upgraded to Buy from Hold at Standpoint Research
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07:55 EDTGOOGGoogle looks to appeal YouTube blackout in Turkey, WSJ says
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07:16 EDTGOOGRetailers muscle into competitive mobile payment market, Reuters says
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06:36 EDTGOOGApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
06:35 EDTGMGM investors keep faith as recall reduces $3B in value, Bloomberg says
A variety of institutional investors in GM say they still feel confident in the stock after the recall crisis reduced more than $3B in shareholders’ value over four weeks, reported Bloomberg. Reference Link
06:29 EDTGMGeneral Motors considers range of options for victim-compensation, WSJ says
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05:56 EDTGOOGStocks with implied volatility movement; GOOG XLK
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