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Stock Market & Financial Investment News

News Breaks
April 11, 2013
10:28 EDTMSFT, HPQ, DELL, WDC, STX, GOOG, FB, LNKDWall Street sours on Microsoft following weak PC data
Microsoft (MSFT) is sinking after two research firms slashed their ratings on the stock following an industry report that said PC shipments had tumbled 13.9% in the first quarter. WHAT'S NEW: In a note to investors earlier today, Goldman Sachs downgraded Microsoft's shares to Sell from Neutral. The company will be hurt by accelerating market share losses for PCs, along with its lack of gains in the tablet and smartphone market, Goldman believes. The firm set a $27 price target on the shares. Also today, Nomura analyst Rick Sherlund downgraded the software maker to Neutral from Buy, citing declining PC sales last quarter. "Sluggish" sales of Microsoft's new Windows 8 operating system and its lack of "compelling" new hardware products are disappointing, the analyst added. He set a $30 price target on the shares, which he believes remain attractive for value-oriented investors. Both analysts cited research from International Data Corporation as a reason for the downgrade. The firm reported last night that shipments of PCs had tumbled 13.9% in the first quarter of the year versus the same period in 2012. The decline was the largest drop since IDC began collecting data in 1994. TODAY'S PRICE ACTION: In early trading, Microsoft dropped $1.40, or 4.6%, to $28.90. PC makers also fell on the PC sales data, with Hewlett-Packard (HPQ) sinking 5.5% to $21.10 and Dell losing 0.5% to $14.14. OTHERS TO WATCH: Western Digital (WDC), which makes hard disk drives, declined 2.6% to $51.83 and its competitor, Seagate (STX), gave back 2.75% to $36.70.
News For MSFT;HPQ;DELL;WDC;STX;GOOG;FB;LNKD From The Last 14 Days
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August 19, 2014
06:50 EDTGOOGImages show impending Google music subscription service, Android Police says
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06:13 EDTGOOGContinental AG hires Google's Seval Oz to lead new division, WSJ reports
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05:57 EDTGOOGGoogle to offer accounts to children under 13, WSJ reports
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August 18, 2014
13:12 EDTGOOG, MSFT, HPQMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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10:01 EDTHPQOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Buy from Hold at Deutsche Bank... CNOOC (CEO) upgraded to Neutral from Underperform at Credit Suisse... Dollar General (DG) upgraded to Buy from Neutral at Sterne Agee... Equity Residential (EQR) upgraded to Hold from Underperform at Jefferies... HMS Holdings (HMSY) upgraded to Overweight from Equal Weight at First Analysis... HP (HPQ) upgraded to Buy from Neutral at Monness Crespi... Halcon Resources (HK) upgraded to Buy from Hold at MLV & Co.... KapStone (KS) upgraded to Buy from Hold at Deutsche Bank... Sportsman's Warehouse (SPWH) upgraded at RW Baird... Westlake Chemical (WLK) upgraded to Neutral from Reduce at SunTrust... WisdomTree (WETF) upgraded to Neutral from Sell at Citigroup... Zimmer (ZMH) upgraded to Outperform from Market Perform at William Blair.
09:35 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
09:20 EDTFBFacebook Q3 North American revenue tracking slightly above, says ITG Research
ITG Research said Facebook's Q3 North American revenue is tracking to $1.45B vs. consensus of $1.4B.
07:41 EDTHPQHP upgraded to Buy from Neutral at Monness Crespi
07:39 EDTHPQHP remains a top pick ahead of Q3 results at Deutsche Bank
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06:47 EDTFBFacebook volatility at low end of historic range
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August 17, 2014
14:05 EDTGOOGGoogle acquires digital photo analysis startup Jetpac
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August 15, 2014
13:35 EDTFBFacebook July metrics remain strong, says JPMorgan
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12:39 EDTGOOGOn The Fly: Midday Wrap
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11:45 EDTGOOGVringo confirms adverse ruling in patent suit with Google, others
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11:15 EDTGOOGVringo falls after patent win against Google, AOL reversed on appeal
The U.S. Court of Appeals for the Federal Circuit that patents claims asserted by I/P Engine, a unit of Vringo (VRNG), are invalid for obviousness and reversed a lower court's ruling in the company's favor. The patents were asserted in a suit against Google (GOOG) and Aol (AOL), IAC Interactive (IACI) and Gannett (GCI). Vringo shares dropped nearly 11% following the posting of the appeal court ruling. Reference Link
11:11 EDTGOOGU.S. Court says Vringo patents in Google case are invalid, Bloomberg Reports
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10:09 EDTGOOGSony expected to debut Smartwatch 3 next month, GigaOM reports
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09:39 EDTMSFTNPD: Sony's PS4 beats out Xbox One in July, BGR reports
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07:25 EDTFBFacebook Messenger said to receive harsh criticism, FT reports
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06:00 EDTFBFacebook's Sam Lessin leaving company, Business Insider reports
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