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Stock Market & Financial Investment News

News Breaks
July 11, 2013
12:19 EDTKOG, AMD, MACK, MSFT, BPIOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the S&P 500 eclipsed its all-time closing high and stood within points of its record intraday high. The strength in the equity markets comes after Federal Reserve Chairman Ben Bernanke gave a speech in Massachusetts yesterday afternoon. During his Q&A session, Bernanke noted that that even though the Fed may begin reducing its bond buying soon, interest rates will stay pinned at their current low levels for a long time. The chairman also pointed out that the unemployment rate probably understates the weakness in the labor market evidenced by other measures, such as the labor participation rate. Though Bernanke may not have intended to deliver a major monetary message, investors appear to be receiving it as such, driving the averages higher again. ECONOMIC EVENTS: In the U.S., initial jobless claims in the week ended July 6 jumped a more-than-expected 16K to 360K. Import prices fell 0.2% from the prior month in June, versus expectations for them to be flat. COMPANY NEWS: Microsoft (MSFT) announced the details of what the company called its "One Microsoft" reorganization plan. The new structure focuses the company’s engineering efforts around four areas: OS, Apps, Cloud, and Devices. Also of note, the company's Windows and Office products will fall under new leadership following the realignment. On a down note for the software maker was data released last night by market researcher Gartner that showed second quarter global PC shipments fell 10.9% to 76M, while another researcher, IDC, pegged the decline at 11.4%. MAJOR MOVERS: Among the notable gainers was Bridgepoint Education (BPI), which surged 20% after the company's flagship college, Ashford University, was granted accreditation, after having been denied accreditation last year. Also higher were shares of Advanced Micro Devices (AMD), which rose nearly 10% following upgrades at two Street research firms. Among the noteworthy losers was Merrimack Pharmaceuticals (MACK), which fell 20% after the company filed to sell $50M in common stock and $75M in convertible senior notes. Also lower was Kodiak Oil & Gas (KOG), which slid more than 2% after The Wall Street Journal said, citing sources, that the company had hired bankers last year to field interest from possible takeover suitors, though talks with potential buyers did not result in a deal. INDICES: Near noon, the Dow was up 129.98, or 0.85%, to 15,421.64; the Nasdaq was up 41.83, or 1.19%, to 3,562.59; and the S&P 500 was up 16.15, or 0.98%, to 1,668.77.
News For MSFT;AMD;BPI;MACK;KOG From The Last 14 Days
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November 19, 2014
07:19 EDTMSFTServer replacement seen coming as Microsoft ends 2003 support, DigiTimes says
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06:31 EDTMSFTISS recommends invsetors vote against Microsoft CEO pay package, WSJ says
Institutional Shareholder Services, a proxy advisory firm, is recommending shareholders vote against the pay package for Microsoft CEO Satya Nadella in a nonbinding vote at the software company’s December annual meeting, The Wall Street Journal reports. ISS criticized a "mega" grant of restricted stock to Nadella, which the firm values at $65M, and said iti s "concerning" that Microsoft plans to grant Nadella additional shares annually. Reference Link
November 18, 2014
12:49 EDTMSFTMicrosoft, Real Madrid announce alliance
Real Madrid C.F. and Microsoft have signed a landmark agreement accelerating the digital transformation of the club through technology. This alliance, through which Microsoft becomes the strategic technological partner of Real Madrid, will revolutionize the experience enjoyed by members and supporters of the club by providing digital services that are accessible anywhere, anytime and on a host of devices.
07:20 EDTMACKEuro Organization for Research & Treatment of Cancer co-hosts a symposium
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06:46 EDTMSFTMicrosoft could spin off Nokia MixRadio, TechCrunch reports
According to sources, Microsoft (MSFT) is considering spinning off Nokia MixRadio, the music streaming service it acquired as part of its takeover of Nokia's (NOK) Devices and Services unit, TechCrunch reports. Microsoft is reportedly seeking investors for Nokia MIxRadio, and the potential spin-off is said to be making "good progress." Reference Link
06:10 EDTMSFTMicrosoft, Real Madrid to announce 'significant' partnership, Re/code reports
Microsoft is expected to today announce a "significant" tie-up with Real Madrid, a Spanish soccer team, Re/code reports. The partnership is likely to be a technology and sponsorship deal. Reference Link
05:49 EDTMSFTStocks with implied volatility movement; MSFT UNG
Stocks with implied volatility movement; Microsoft (MSFT) 19, United States Natural Gas Fund (UNG) 57 according to iVolatility.
November 17, 2014
12:02 EDTMSFTSAP names new Chief Digital Officer, Chief Marketing Officer
SAP (SAP) announced that Jonathan Becher has been appointed as the company's first Chief Digital Officer to lead the company's new digital business unit with immediate effect. SAP has appointed Maggie Chan Jones as Chief Marketing Officer. Jones, who will join SAP from Level 3 Communications (LVLT), spent seven years at Microsoft (MSFT). She has extensive cloud experience having successfully navigated Microsoft's transition from on premise to a cloud business.
07:52 EDTAMDDepartment of Energy awards $425M for supercomputing technologies
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06:23 EDTMSFTFacebook working on 'Facebook at Work' website, FT reports
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November 14, 2014
11:14 EDTAMDAMD awarded $32M in research grants for extreme scale computing research
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09:38 EDTAMDJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
09:38 EDTMSFTActive equity options trading
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09:18 EDTMSFTTyler Technologies signs contract with Ohio Police and Fire Pension Fund
Tyler Technologies (TYL) has signed a contract with the Ohio Police and Fire Pension Fund to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes related professional services, licensing, training and support.
09:05 EDTMSFTNPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
November 13, 2014
11:52 EDTMSFTMicrosoft confirms acquisition of security company Aorato
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09:15 EDTMACKMerrimack to present advances on targeted cancer molecules
Merrimack Pharmaceuticals announced that it will present research on three of its therapeutic candidates at the 2014 AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics, November 18-21. Data will be shared in four poster sessions. Presentations will include results from a clinical study using ferumoxytol as a magnetic resonance imaging agent and its ability to predict tumor response to MM-398, preclinical and clinical research on MM-151 and an initial preclinical study of MM-131, a novel bispecific antibody targeting the c-Met tumor signaling pathway.
07:29 EDTMSFTMicrosoft to buy Aorato for about $200M, sources say, WSJ reports
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06:45 EDTMSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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