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Stock Market & Financial Investment News

News For MSFT;BBY;WMT;AAPL;GOOG;INTC;NVDA From The Last 14 Days
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October 30, 2014
12:43 EDTWMTWal-Mart to close 30 underperforming stores in Japan
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09:47 EDTBBYBest Buy upgraded to Outperform from Peer Perform at Wolfe Research
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09:34 EDTAAPLMasterCard CEO says first few weeks of Apple Pay 'very encouraging'
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09:19 EDTAAPLMasterCard CEO says mobile strategy is to work with 'all players'
MasterCard (MA) CEO Ajaypal Banga says that while the company has worked closely with Apple (AAPL) on Apple Pay, which has garnered significant attention, that the company's strategy for mobile payments will be to work with "all players" to make it as easy as possible for all MasterCard customers.
08:54 EDTWMT, BBYWal-Mart considers matching online prices from Amazon for holidays, WSJ says
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07:12 EDTAAPLApple CEO Cook says 'proud to be gay' in Bloomberg essay
Apple CEO Tim Cook wrote in an essay published by Bloomberg Businessweek: "Throughout my professional life, Iíve tried to maintain a basic level of privacy...Iíve come to realize that my desire for personal privacy has been holding me back from doing something more important...For years, Iíve been open with many people about my sexual orientation. Plenty of colleagues at Apple know Iím gay, and it doesnít seem to make a difference in the way they treat me...While I have never denied my sexuality, I havenít publicly acknowledged it either, until now. So let me be clear: Iím proud to be gay, and I consider being gay among the greatest gifts God has given me...I donít consider myself an activist, but I realize how much Iíve benefited from the sacrifice of others. So if hearing that the CEO of Apple is gay can help someone struggling to come to terms with who he or she is, or bring comfort to anyone who feels alone, or inspire people to insist on their equality, then itís worth the trade-off with my own privacy."
06:53 EDTGOOGLenovo completes acquisition of Motorola Mobility from Google
Lenovo (LNVGY) and Google (GOOG) announced that Lenovoís acquisition of Motorola Mobility from Google is complete. Lenovo will operate Motorola as a wholly-owned subsidiary. Motorolaís headquarters will remain in Chicago. Google will maintain ownership of a majority of the Motorola Mobility patent portfolio, while Motorola will receive a license to this rich portfolio of patents and other intellectual property. Motorola will retain over 2,000 patent assets and a large number of patent cross-license agreements, as well as the Motorola Mobility brand and trademark portfolio. The total purchase price at close was approximately $2.91B, including approximately $660M in cash and 519,107,215 newly issued ordinary shares of Lenovo stock, with an aggregate value of $750M, representing about 4.7% of Lenovoís shares outstanding, which were transferred to Google at close. The remaining $1.5B will be paid to Google by Lenovo in the form of a three-year promissory note. A separate cash compensation of approximately $228M was paid by Lenovo to Google primarily for the cash and working capital held by Motorola at the time of close. The transaction has satisfied all regulatory requirements and customary closing conditions, including clearance by competition authorities in the U.S., China, EU, Brazil and Mexico, and by the Committee on Foreign Investment in the United States.
06:47 EDTAAPLVisa projects mobile payments will boost growth, Reuters says
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06:36 EDTMSFTMicrosoft unveils Microsoft Band wearable device
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06:35 EDTMSFTMicrosoft reduces 3K jobs, completes workforce decrease plan, Reuters says
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06:34 EDTAAPL, MSFTHBO sees opportunity to offer streaming option through Apple TV, Xbox, WSJ says
According to sources, HBO, a unit of Time Warner (TWX), is currently examining methods to offer consumers a standalone streaming video service, including as an add-on to broadband packages or through Apple TV (AAPL), Microsoft's (MSFT) Xbox, Amazon (AMZN) devices, or Roku, reports the Wall Street Journal. Reference Link
06:28 EDTWMT, AAPLMajor merchant group could accept NFC technology, NY Times says
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06:04 EDTBBY, WMT, AAPLMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
16:02 EDTAAPLOptions Update; October 29, 2014
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14:54 EDTGOOG, AAPLEarnings Preview: Akamai reports following recent downgrade at Wells Fargo
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13:44 EDTAAPLApple in preliminary talks to sell iPhone in Iran, WSJ reports
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12:21 EDTMSFTElectronic Arts surges after 'beat and raise' quarterly report
Shares of video game maker Electronic Arts (EA) are surging after the company's second quarter earnings per share and revenue topped analysts' estimates. The company also raised its fiscal year 2015 guidance. WHAT'S NEW: Electronic Arts' Q2 adjusted EPS was 73c, which beat analysts' consensus of 53c. The company's revenue for the quarter was $1.22B, which beat estimates of $1.16B. The video game maker anticipates third quarter EPS to be 90c, which is higher than analysts' 86c consensus. The company expects Q3 revenue of approximately $1.275B, which is slightly lower than analysts' expectations of $1.3B. Electronic Arts raised its FY15 EPS outlook to $2.05 from $1.85, which is higher than analysts' consensus of $1.92 prior to the new outlook. The company raised its FY15 revenue view to $4.175B from $4.1B, which was slightly ahead of the consensus estimate prior to the report. WHAT'S NOTABLE: EA stated that, in the calendar year to date, the company continues to be the number one publisher on Sony's (SNE) PlayStation4 and Xbox One consoles in the Western World, led by FIFA 15, NHL 15, Madden NFL 15, Titanfall, Battlefield 4, and FIFA 14. Electronic Arts noted that "Battlefield: Hardline" will debut on March 17, 2015 in North America and March 19, 2015 in Europe. On July 29, Electronic Arts announced in a post to its corporate blog that the company partnered with Microsoft (MSFT) to deliver EA Access, a new monthly, or annual, membership for gamers exclusively on Xbox One that starts at $4.99 a month. ANALYST REACTION: RW Baird analyst Colin Sebastian feels that digital growth was a notable aspect of Electronic Arts' Q2 earnings results. He said the quarter was driven by the combination of a rise in digital content sales and improved cost controls. Sebastian anticipates the video game maker will continue to improve its operating performance and benefit from solid growth in the future. Sebastian increased his price target on the stock to $45 from $43 and maintained an Outperform rating on the stock. Brean Capital analyst Todd Mitchell believes that Electronic Arts' Q2 earnings results will probably be out-shone by the push-back of its Battlefield 5 game to 2017. Mitchell expects Electronic Arts to sell approximately 4M units of "Battlefield: Hardline" by the end of FY15. He kept a Buy rating on Electronic Arts and raised his price target on the stock to $43 from $40. OTHERS TO WATCH: Electronic Arts peer Activision Blizzard (ATVI) is scheduled to give its Q3 earnings report on November 4. Another competitor, Take-Two (TTWO), is set to release its Q2 earnings numbers later on this afternoon. PRICE ACTION: Near noon, Electronic Arts climbed 3.6% to $38.83. Earlier in the session the stock hit a new 52-week high of $40.34.
11:48 EDTWMT, AAPLCurrentC mobile payment system endures breach, Business Insider says
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09:42 EDTAAPLActive equity options trading
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09:39 EDTGOOGRuckus to provide routers for Google small business Wi-Fi program, GigaOM says
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