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September 23, 2015
13:10 EDTFBGoPro launches 360-degree videos on Facebook
GoPro (GPRO) announces it is bringing "immersive, spherical videos" to Facebook's (FB) News Feed. Beginning today, people on Facebook can experience GoPro 360-degree video directly through their web browser or Android mobile device, the action camera maker said in a press release. In the coming weeks, GoPro will launch additional 360-degree content on Facebook, it added. Shares of the action camera maker are up 10c to $33.41 in afternoon trading.
06:36 EDTFBFacebook unveils new 'Click to message' ad-type, Business Insider reports
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September 22, 2015
17:13 EDTFBFacebook's Instagram surpasses 400M users
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16:00 EDTFBOptions Update; September 22, 2015
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15:52 EDTFBThe Washington Post to send 100% of stories to Facebook Instant Articles
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10:45 EDTWMTReimbursement pressure on drug stores should moderate, says Cleveland Research
Cleveland Research analysts Rob Eich and Rob Stuyck said the firm's work indicates that stepdown reimbursement rates will be more manageable for drug store operators and that generic inflation will be less of a headwind for the group in FY16. However, Direct and Indirect Remuneration clauses will still be a source of margin pressure, the firm said, noting that several payers will be introducing a DIR next year. Cleveland Research has Neutral ratings on CVS (CVS), Walgreens (WBA), Rite Aid (RAD) and Wal-Mart (WMT).
06:33 EDTFBFacebook user data rules have ripple effects, WSJ reports
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September 21, 2015
14:40 EDTFBiPath S&P 500 VIX Short-Term Futures down 90c to 23.79
Option volume leaders: AAPL NFLX BAC FB BABA DOW TSLA
12:08 EDTTGTTarget to test robot workers at concept store, Fortune reports
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10:55 EDTFBBelgian watchdog: Court shouldn't be be intimidated by Facebook, Bloomberg says
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10:42 EDTYHOOAnalyst says IRS statement removes some risk for Yahoo
An IRS official said that the agency's recent direction on the tax treatment of transactions like Yahoo's (YHOO) planned spinoff of its stake in Alibaba (BABA) "is not a description of future guidance," reported FBR Capital analyst William Bird, who views the comments as incrementally positive for the U.S. tech company. BACKGROUND: On September 8, Yahoo reported that the IRS refused to take a position on whether Yahoo could carry out a tax-free spinoff of its huge stake in Chinese e-commerce giant Alibaba. On September 15, the agency, without mentioning Yahoo or Alibaba by name, stated that "certain distributions" about which the agency had received inquiries may not meet requirements for tax-advantaged treatment. WHAT'S NEW: IRS Associate Chief Counsel Robert Wellen said on Friday that the agency's statement "is not a description of future guidance," FBR's Bird wrote in a note to investors today. The IRS hasn't made any decision about the guidance it could issue regarding spinoffs, Bird quoted Wellen as saying. The agency does not want to make a judgment on Yahoo's proposed spinoff while it is still studying the rules, Wellen explained, according to Bird. Wellen's statement appears to be positive for Yahoo, as it at least removes the possibility that Yahoo's transaction will be subject to potentially more restrictive upcoming rules, according to Bird. However, the analyst believes that the outlook for the tax treatment of Yahoo's spinoff remains uncertain. He kept an Outperform rating on the stock. WHAT'S NOTABLE: A lockup on about 1.58B shares of Alibaba's stock expired on Saturday, meaning that the holders of the shares are able to sell them for the first time today. However, Alibaba founder and chairman Jack Ma and vice chairman Joseph Tsai hold 269M of the shares whose lockup expired, and Tsai has said that they have no intention of selling significant amounts of their shares following the lockup expiration. Yahoo has another 384M of the Alibaba shares whose lockup expired. PRICE ACTION: In early trading, Yahoo rose 2.6% to $31.54 and Alibaba slipped 1.6% to $64.66.
09:40 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL BAC ESV BABA FB NFLX TSLA TWTR GE GPRO JPM ONVO MU
09:01 EDTMMacy's to hire 85,000 seasonal associates in 2015
Macy's said it plans to hire seasonal associates for approximately 85,000 positions at its Macy's and Bloomingdale's stores, call centers, distribution centers and online fulfillment centers nationwide for the 2015 Christmas and holiday season. The company's 2015 seasonal hiring plan is essentially flat to last year.
08:19 EDTYHOOFriday's IRS comments remove one Yahoo risk, says FBR Capital
FBR Capital analyst William Bird views comments from the Internal Revenue Service on Friday at the ABA meeting as incrementally positive for Yahoo (YHOO). Robert Wellen, IRS Associate Chief Counsel, said Friday that his agency's recent notice "is not a description of future guidance" and that "nothing in this notice affects an immediate retroactive date." The analyst believes the comments take one Yahoo risk off the table, namely the retroactive treatment of potential new rules. However, anything shy of a definitive tax ruling on Yahoo's planned spinoff of its Alibaba (BABA) holdings falls short of fully resolving tax uncertainties, Bird tells investors in a research note. No timeline was given for how long the IRS plans to study the spinoff questions under tax code Section 355, analyst points out. He keeps an Outperform rating on Yahoo. The stock is up 23c to $30.97 in pre-market trading. Alibaba, which has 63% percent of its outstanding shares come off lockup today, is up 77c to $65.19 in trading before the opening bell.
06:29 EDTAPOPetco exploring possibility of being acquired by PetSmart, Reuters reports
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06:24 EDTFBEU's web rules won't discriminate against U.S. tech companies, WSJ reports
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