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Stock Market & Financial Investment News

News Breaks
August 21, 2014
06:58 EDTSHCAY, LPL, AUO, SSNLFLarge-size panel demand increases in Q2 with LG Display in lead, DigiTimes says
Large-size panel demand increased in Q2 driven by a shift to larger sizes in applications, reports DigiTimes. Citing DisplaySearch, LG Display (LPL) maintained its lead with 25% of units shipped in Q2 while Innolux surpassed Samsung (SSNLF) Display for second place. AU Optronics AUO) ranked fourth in the rankings. Large size-panel demand, however, is likely to fall in Q3 as tablet panel shipments will decline 1% and notebook panel shipments are expected to remain flat. Reference Link
News For LPL;SSNLF;AUO;SHCAY From The Last 14 Days
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February 9, 2016
06:28 EDTSHCAYINCJ pitches Sharp on intention for smart home-appliance giant, Bloomberg says
Innovation Network Corp. of Japan is trying to pitch Sharp's (SHCAY) board on intentions to establish a Japanese smart home-appliances giant, Bloomberg reports, citing people with knowledge of the matter. The move is an effort from the state-backed fund to convince Sharp to accept its bailout offer over a rival offer from Foxconn (HNHPF), the report says. INCJ also is preparing an offer for Toshiba's (TOSBF) white-goods business, which it would then combine with Sharp, the report says. Reference Link
05:55 EDTSSNLFPiper's Munster sees PayPal product differentiation being reduced
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February 8, 2016
18:37 EDTSHCAYINCJ ready to strike deal with Sharp if Foxconn talks fail, Nikkei says
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February 7, 2016
17:49 EDTSSNLFGoogle developing new virtual reality headset, FT says
Google (GOOG) is developing a new virtual reality headset for smartphones and updating its Android VR technology, reports the Financial Times, citing sources. The headset will be a successor to the company's Cardboard device, still relying on a user's smartphone but featuring improved sensors, lenses, and solid plastic casing, the sources told the Financial Times. The device will be similar to Samsung's (SSNLF) Gear VR and is expected to launch alongside the improved Android VR tech this year, the report added. Reference Link
17:32 EDTSSNLFNVIDIA wins Samsung patent dispute, Bloomberg says
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February 5, 2016
06:40 EDTSSNLFApple requests Supreme Court not hear latest Samsung appeal, 9to5Mac says
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06:37 EDTSSNLFGartner: Global wearable sales to grow 18.4% in 2016, DigiTimes says
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06:16 EDTSHCAYFoxconn CEO: Should reach Sharp deal in next 2-3 weeks, Reuters reports
Foxconn (HNHPF) should be able to reach an agreement to purchase Sharp (SHCAY) over the next 2-3 weeks, after the two companies reach a consensus on most points at a Friday meeting, Reuters reports, citing Foxconn CEO Terry Gou. Foxconn officially has been granted preferred negotiating rights, the report says, citing comments from Gou to reporters. Reference Link
February 4, 2016
19:44 EDTSHCAYSharp selects Foxconn as preferred bidder after $5.6B offer, Reuters says
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11:33 EDTSSNLFSamsung postpones investment in Xi'an semi plant, BusinessKorea says
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06:01 EDTSHCAYSharp leaning toward acquisition offer from Foxconn, NY Times reports
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February 3, 2016
10:39 EDTSHCAYActivist fund urges Sharp to be more transparent over bailout pick, Reuters says
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February 2, 2016
06:48 EDTSSNLFTablet market continued to decline in Q4, VentureBeat says
The tablet market continues to see a decline, with 4Q15 representing the fifth straight quarter to see a year-over-year decrease in shipments, VentureBeat reports, citing market research firm IDC. 65.9M tablet units shipped in Q4, a decline of 13.7% from 76.4M units in the same period last year, the report says. Shipments for FY15 were down 10.1% year over year to 206.8M, the report says. In Q4, top five vendors Apple (AAPL), Samsung (SSNLF), Amazon (AMZN), Lenovo (LNVGY), and Huawei accounted for 54.2% of the market, up from 51% last year, though only Amazon and Huawei grew their own market share year over year, the report says. Reference Link
February 1, 2016
16:59 EDTSSNLFGoogle plans more control over Nexus phone in bid for high-end, Information says
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12:13 EDTSSNLFOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday, but off their worst levels of the day, as oil is once again being weighed on by worries of slower growth in China. Several M&A announcements helped fuel speculation that deal-making may be set to pick up, but the headwinds of lower oil prices and weak economic data are outweighing that potential boost and keeping stocks in the red to start the month. ECONOMIC EVENTS: In the U.S., personal income rose 0.3% in December, versus expectations for an increase of 0.2%, while spending was flat, versus expectations for an increase of 0.1%. Markit's manufacturing purchasing managers index for January dipped to 52.4 in the final January reading, down from the 52.7 flash reading and the below the 52.6 reading that was expected. The Institute for Supply Management's manufacturing index for January came in at 48.2, below the 48.4 that analysts expected. Construction spending rose 0.1% in December, which was weaker than the 0.6% increase that was forecast. In China, the statistics bureau's official manufacturing purchasing managers index fell to 49.4 in January from 49.7 in December. The private Caixin manufacturing PMI edged up to 48.4 from 48.2 in the prior reading, but both figures still remain in contraction territory. In Europe, Markit's manufacturing PMI for the euro zone dropped to 52.3 from December's 53.2, in-line with the earlier flash estimate. COMPANY NEWS: Shares of Twitter (TWTR) advanced 9% after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen have "considered some sort of deal" for the microblog service operator. Lessin noted in the report published on her site, The Information, that she did not know if deal talks are "active" now between Andreessen, Silver Lake and Twitter... Alere (ALR) surged 45% to $54 per share near midday after Abbott (ABT) agreed to acquire the company for $56 per share at a total expected equity value of $5.8B. In other Monday M&A news, Questar (STR) rose 22% after Dominion Resources (D) agreed to acquire it for $25 per share, or about $4.4B, and assume Questar's outstanding debt. Meanwhile, Stryker (SYK) announced a deal to acquire Sage Products for $2.775B in cash. The buyers' shares did not fare as well in the wake of the deal announcements, as Abbott slipped 0.5%, Dominion dipped 1% and Stryker fell 1%. Also lower were shares of Smith & Nephew (SNN), which slid fractionally as investors may have been concerned that Stryker's deal decreases the likelihood that it will come after S&N. Additionally, Smith & Nephew announced that its CEO Olivier Bohuon has been diagnosed with a "highly treatable" form of cancer. MAJOR MOVERS: Among the notable gainers was Lumber Liquidators (LL), which gained 8.5% after a judge accepted the company's $10M plea deal to settle timber source crime charges, according to media reports. Also higher was Chipotle (CMG), which rose 5.5% after The Wall Street Journal reported that the Centers for Disease Control and Prevention is expected to formally declare the end to its E.coli outbreak as soon as today. In addition, Sysco (SYY) and Aetna (AET) were up 7% and 2%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Nokia (NOK), which fell 12% after it forecasted how much revenue it expects to gain from its IP portfolio after its patent deal with Samsung (SSNLF) and its shares were downgraded at Canaccord and BofA Merrill Lynch. Also lower was GoPro (GPRO), which was slid 5% after analysts from Piper Jaffray and Citi predicted that the company's guidance to be issued this week will disappoint investors. In addition, Roper Technologies (ROP) and ImmunoGen (IMGN) were down 6.5% and 5.7%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 56.40, or 0.34%, to 16,409.90, the Nasdaq was down 12.25, or 0.27%, to 4,601.70, and the S&P 500 was down 6.51, or 0.34%, to 1,933.73.
05:15 EDTSSNLFNokia receives decision in patent license arbitration with Samsung
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January 31, 2016
20:22 EDTSHCAYInnovation Network mulling solar integration of Sharp, Showa, Nikkei says
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18:39 EDTSHCAYFoxconn chairman: Sharp to decide on offer next week, Bloomberg says
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January 29, 2016
07:39 EDTSHCAYFoxconn set to raise offer for Sharp, FT reports
Foxconn (HNHPF) is set to raise its bid for Sharp (SHCAY) to JPY700B from JPY625B, the Financial Times reports, citing a person with knowledge of the plan. Foxconn founder and chairman Terry Gou is anticipated to submit the new offer to Sharp at its headquarters in Osaka over the weekend with promises to invest further in Sharp's technology, the report says. Reference Link
January 28, 2016
12:57 EDTSHCAYINCJ wants Sharp president, chairman, CFO to resign, Nikkei reports
The Innovation Network Corp. of Japan, which is proposing to inject capital into Sharp, wants the company's president, chairman, and CFO to resign as a condition of the capital aid, Nikkei reports. INCJ wants to appoint the majority of Sharp's board, raising the possibility of an outside hire taking the top spot, the report says. Reference Link
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