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Stock Market & Financial Investment News

News Breaks
March 25, 2014
09:07 EDTGIII, SOL, HALO, EXEL, AI, VTNR, ARIA, SONC, HIMX, RAX, GOOG, LUXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Sonic (SONC), up 6.8%... Vertex Energy (VTNR), up 13%. ALSO HIGHER: Rackspace (RAX), up 5% following upgrade at Morgan Stanley... ReneSola (SOL), up 3.4% after upgraded at Roth Capital... Luxottica (LUX), up 3.7% after WSJ says the company is collaborating with Google (GOOG) on new versions of Google Glass... ARIAD (ARIA), up 4% following upgrade to Buy at H.C. Wainwright... Exelixis (EXEL), up 7% after COMETRIQ approved by European Commission... Halozyme (HALO), up 5% after meeting primary endpoint of HTI-501 clinical trial. DOWN AFTER EARNINGS: G-III Apparel (GIII), down 8.4%. ALSO LOWER: Arlington Asset (AI), down 3.7% after filing to sell 2.75M common shares... Himax Technologies (HIMX), down 6% after downgraded at BofA/Merrill.
News For LUX;GOOG;RAX;HIMX;SONC;ARIA;VTNR;AI;EXEL;HALO;SOL;GIII From The Last 14 Days
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October 13, 2014
17:53 EDTLUXLuxottica accepts Cavatorta resignation, Del Vecchio to be interim CEO
Luxottica Group announced that the board of directors accepted the resignation of Enrico Cavatorta from the board following disagreements on the current governance structure. Roger Abravanel resigns from the board of directors for the same reasons. The Chairman Leonardo Del Vecchio takes on the executive responsibilities ad interim while the co-CEO of Markets selection process is being finalized, based on a high profile list of candidates. The appointment of Massimo Vian as co-CEO of Operations and Product will take place together with the appointment of the co-CEO of Markets. The board acknowledged the Group performance of the third quarter, which shows a strong free cash flow generation, sales growth in line with the first half of the year at constant exchange rates and an expected increase in net income of approximately 10%. Reference Link
15:06 EDTGOOGGoogle confirms limited test of online medical advice, Washington Post reports
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13:53 EDTGOOGYouTube to open New York video production studio
Google's YouTube announced that it would open a new video production studio in New York next month. YouTube already has video production facilities in London, Los Angeles and Tokyo.
13:10 EDTGOOGGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
09:23 EDTRAXHP could buy lower valuation company, says Bernstein
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08:06 EDTGOOGQihoo 360 launches ad exchange platform, Marbridge Daily reports
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07:57 EDTGOOGGoogle price target lowered to $650 from $685 at Cowen
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07:53 EDTGOOGYouTube changes have diffused much of tension with copyright holders, FT says
YouTube, which implemented Content ID in 2007 to help producers manage their rights and generate revenues from copyright-infringing content, has hit $1B in payments to companies that participate in the program and Fred von Lohmann, legal director for copyright at Google, credits the program for diffusing much of the tension the site previously had with copyright holders, reported Financial Times. Via Content ID, copyright owners can “monetize” their content by allowing ads to be sold against it or have the video blocked and taken down and von Lohmann told Financial Times that the "vast majority" choose to monetize. Reference Link
07:22 EDTGOOGSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
06:44 EDTGOOGGoogle testing feature that allows video chats with doctors, Engadget reports
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06:44 EDTGOOGGoogle could announce new Nexus tablet on October 15, 9to5Google reports
Google's new Nexus tablet may be announced on Wednesday, October 15, 9to5Google reports, citing Bright Side of News. The HTC-made tablet is rumored to cost $400. Reference Link
05:30 EDTLUXLuxottica downgraded to Neutral from Buy at Citigroup
October 12, 2014
17:47 EDTLUXLuxottica CEO Enrico Cavatorta intends to submit resignation
Luxottica announces that a meeting of the Board of Directors has been called for tomorrow, Monday 13th October, following the intention expressed by Enrico Cavatorta to submit to the Board his resignation as CEO of the company. The Chairman will propose that the Board appoint Massimo Vian, current COO, with the mandate of co-CEO for Operations and Product, and to entrust him on an interim basis with responsibility for Corporate Functions and Markets. If approved, all business functions and related responsibilities will consequently be under the exclusive responsibility of the two co-CEOs. The company also confirms that the search process for a co-CEO for Markets is progressing, based on a high profile list of candidates. In light of the solid results achieved also in the third quarter, Luxottica is in a position to take the necessary time to execute this search, in order to ensure that the best decision is made for the company. Reference Link
October 10, 2014
12:11 EDTARIAOptions with increasing implied volatility
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09:12 EDTGOOGGoogle could be worth trillion dollars by 2020, says BGC Financial
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09:00 EDTARIAOn The Fly: Pre-market Movers
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07:55 EDTGOOGJapan court orders Google to remove search results, AP reports
Japan has ordered Google to remove search results that hinted at a man's relations with a criminal organization because his privacy rights were violated, reports the Associated Press. Google spokesman Taj Meadows said the company has a standard process for removal requests and will review the Tokyo court injunction. Reference Link
07:46 EDTARIAARIAD announces PRAC of EMA recommends Iclusig for continued EU use
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06:52 EDTGOOGGoogle allowed to face Rockstar in California court, Reuters says
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06:26 EDTGOOGGoogle to release its largest smartphone, WSJ reports
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