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Stock Market & Financial Investment News

News Breaks
December 5, 2013
12:39 EDTFRAN, PBYI, MSFT, WTSL, EA, TITN, DG, FOn The Fly: Midday Wrap
The Wall Street averages were lower at midday, but well off their early session lows and almost back to unchanged from their opening levels. Weekly jobless claims came in below expectations, while third quarter annualized GDP came in well above the consensus forecast. The problem, again, may be that investors have begun considering positive economic news as signs that the Fed may be closer to pulling back on its bond buying program. Today's weakness follows a stretch of down session, though the losses over the past week have not been large and the market remains complacent. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 23K to 298K in the week ended November 30, versus a forecast for 320K claims. GDP growth was revised up to 3.6% in Q3, which was much better than the expected bump up to 3.2% from the 2.8% advance print. Factory orders dipped 0.9% in October, which was close to expectations for a 1% decline. In Europe, the Bank of England and the European Central Bank both left their key interest rates unchanged. COMPANY NEWS: Shares of Microsoft (MSFT) were down almost 4% near noon following a report that a director on the board of Ford Motor (F) said its CEO, Alan Mulally, is not leaving the company until the end of 2014. Mulally has been considered one of the leading candidates to take the Microsoft CEO spot to be vacated shortly by Steve Ballmer... Shares of Electronic Arts (EA) dropped nearly 7% after the company told the video game website IGN that its DICE subsidiary would not undertake any future projects until it solves the problems plaguing the Battlefield 4 In a note to investors, Pacific Crest analyst Evan Wilson wrote that the news "confirms the disappointment" of the Battlefield 4 launch and puts the launch of the next version of the game in jeopardy. If DICE does not launch any big games next year, EA's profits are unlikely to increase in 2014, according to the analyst. MAJOR MOVERS: Among the notable gainers was Puma Biotechnology (PBYI), which surged 51% after the company said data from a phase II clinical trial of its investigational breast cancer treatment make the drug eligible to advance to the next level of clinical investigation. Also rising were shares of discount retailer Dollar General (DG), which advanced 6% after the company's earnings beat expectations and its board authorized an additional $1B for share repurchases. Among the noteworthy losers after providing disappointing profit outlooks for their holiday quarters were retailers Wet Seal (WTSL), which fell nearly 13%, and Francesca's (FRAN), which slid 9%. Also lower were shares of agricultural and construction equipment retailer Titan Machinery (TITN), which fell 7% after the company slashed its fiscal 2014 earnings outlook. INDEXES: Near midday, the Dow was down 25.88, or 0.16%, to 15,863.89; the Nasdaq was down 0.58, or 0.01%, to 4,037.42; and the S&P 500 was down 3.59, or 0.20%, to 1,789.22.
News For MSFT;F;EA;PBYI;DG;WTSL;FRAN;TITN From The Last 14 Days
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April 8, 2014
13:27 EDTMSFTGoogle, Citrix to collaborate on Chromebooks
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12:12 EDTMSFTOn The Fly: Midday Wrap
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11:55 EDTMSFTNokia advances after securing Chinese approval for Microsoft deal
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09:09 EDTMSFTOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
08:44 EDTFFord says China sales cross 100,000 mark in March, March sales up 28% y/y
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06:38 EDTFFord's March China sales up 28% y/y, Reuters reports
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06:31 EDTMSFTMicrosoft, Mediatek to push Windows tablet in white-box market, DigiTimes says
Microsoft (MSFT) has been aggressively trying to persuade Mediatek to push Windows-based tablets in China's white-box market, reports DigiTimes. According to sources from the upstream supply chain, there is a high chance for a partnership, which would lead to current smartphone chip partner Qualcomm (QCOM) to face strong pressure. Reference Link
06:07 EDTMSFTMicrosoft investing in 'invisible user interface' technology, WSJ reports
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06:01 EDTMSFTMicrosoft ending support for Windows XP today, AP reports
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05:45 EDTMSFTNokia, Microsoft receive approval from China for Devices & Services transaction
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April 7, 2014
18:23 EDTWTSLWet Seal to lower director compensation, reduce size of board
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13:36 EDTPBYIPuma presents 'positive' PB272 Phase II data from I-SPY 2 trial
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12:47 EDTFFord recalls 434,000 vehicles in two unrelated recalls, Detroit News reports
Ford is recalling more than 434,000 vehicles in two separate recalls announced Monday, reports Detroit News. The company is recalling 385,750 Escape compact SUVs due to a rusty subframe. it also will recall 48,950 Ford Fusion, Lincoln MKZ, Ford Escape and C-Max vehicles to replace seatback frames that don't comply to the NHTSA standard. Reference Link
10:10 EDTMSFTAnalyst sees 'golden' opportunity after software stocks decline
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09:00 EDTMSFTMicrosoft May volatility increases; shares near 14-year high into Q3
Microsoft April weekly call option implied volatility is at 29, April is at 23, May is at 25, July is at 21; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on April 24.
07:20 EDTTITNTitan Machinery guidance likely to be disappointing, says Piper Jaffray
Piper Jaffray expects disappointing guidance from Titan Machinery due to weak equipment margins and demand for farm machinery. Piper lowered its estimates for Titan and keeps a Neutral rating on the stock ahead of the company's Q4 results.
06:41 EDTMSFTMicrosoft pushes for programming to rival Amazon, Netflix, Bloomberg says
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06:18 EDTMSFTMicrosoft starts developing 4th-generation Surface, DigiTimes reports
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05:25 EDTFFord Transit Connect awarded five star safety rating by NHTSA
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April 5, 2014
13:01 EDTFRANFrancesca's doesn't look tempting, Barron's says
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