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Stock Market & Financial Investment News

News Breaks
April 11, 2013
12:23 EDTMSFT, FTNT, INTC, PANW, ACAD, HPQ, FIRE, RADOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after initial jobless claims pulled back to fall below the 350K level. The Nasdaq was the weakest of the major averages, as declines in some of its most notable members, including Microsoft (MSFT) and Intel (INTC), weighed on the index... ECONOMIC EVENTS: In the U.S., initial jobless claims fell 42K from the prior week to 346K, versus an expectation for them to decline more modestly to 360K. Import prices declined 0.5% in March compared to the prior month, which was in-line with expectations, while export prices fell 0.4%, versus expectations for a 0.1% gain... COMPANY NEWS: Shares of a number of big-name tech companies were weaker after research firms International Data Corporation and Gartner both estimated that PC sales declined by double-digits in the first three months of the year. IDC estimated PC sales fell 14%, while Gartner said they'd fallen 11% from the prior year. Microsoft, which was also downgraded by at least three firms, declined 5%, while Hewlett-Packard (HPQ) fell over 6% and Intel slid more than 2%... MAJOR MOVERS: Among the notable gainers was ACADIA Pharmaceuticals (ACAD), which surged 50% after the FDA approved its filing of a New Drug Application for a Parkinson's drug candidate and its shares were upgraded at Piper Jaffray. Also higher was Rite Aid (RAD), which gained 19% after its earnings and guidance beat expectations. Among the noteworthy losers was Fortinet (FTNT), which declined 15% after reporting weaker than expected first quarter results. Fortinet's report also weighed on several of its Internet security peers, with Sourcefire (FIRE) sliding 2% to $53 and Palo Alto (PANW) down 1%... INDICES: Near noon, the Dow was up 49.04, or 0.33%, to 14,851.28; the Nasdaq was up 0.70, or 0.02%, to 3,297.95; and the S&P 500 was up 5.14, or 0.32%, to 1,592.87.
News For MSFT;HPQ;INTC;RAD;ACAD;FTNT;FIRE;PANW From The Last 14 Days
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December 11, 2014
13:19 EDTMSFTMicrosoft dropped by Ford for in-car sync system, Re/code reports
Ford's (F) Sync 3 in-car entertainment and mapping system will use a version of BlackBerry's (BBRY) QNX operating system, replacing Microsoft (MSFT) technology that had been used in the prior two versions, Re/code reports. The QNX-powered system adds more features, including a capacitive touch screen and the ability to get software updates over Wi-Fi. Ford said in a statement that its "hardware and software decisions were based on identifying the technology that would best meet the expectations for performance by our customers." Reference Link
12:02 EDTPANWPalo Alto to host special shareholder meeting
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10:51 EDTPANWPalo Alto management to meet with Piper Jaffray
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10:20 EDTMSFTMicrosoft acquires HockeyApp, terms not disclosed
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10:17 EDTMSFTCiti upbeat on Google in face of pending Apple decision on Safari
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08:53 EDTMSFTBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTMSFTGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 10, 2014
09:22 EDTMSFTMicrosoft management to meet with Pacific Crest
Meeting to be held on the West Coast on December 12 hosted by Pacific Crest.
09:20 EDTMSFTTyler Technologies signs agreement with Albermarle County Service Authority
Tyler Technologies (TYL) has signed an agreement with the Albemarle County Service Authority 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 implementation and related professional services, support, and training.
08:25 EDTHPQHP capital return potential makes valuation attractive, says Brean Capital
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08:16 EDTPANWBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:12 EDTPANWIT security outlook remains positive, says Pacific Crest
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December 9, 2014
10:07 EDTFTNTFortinet may receive buyout from Wipro, says AsianSweeper
Fortinet (FTNT) may receive a buyout from Wipro (WIT), AsianSweeper says. Wipro is looking to strengthen the market share in security solutions and Fortinet, the current revenue leader in unified threat management is a perfect fit, as two companies already have existing synergies in certain areas. Reference Link
06:27 EDTMSFTSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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December 8, 2014
13:21 EDTMSFTMicrosoft files appeal in case on customer data in Ireland
Microsoft said on its blog that it has filed an appeal in its ongoing case challenging a U.S. government search warrant for customer data stored in Ireland. Microsoft said it filed the appeal after a U.S. district court judge rejected the company’s argument that the warrant is illegal because it calls for the seizure of emails stored outside the United States. Reference Link
12:40 EDTMSFTOn The Fly: Midday Wrap
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10:44 EDTMSFTDigital River grants Microsoft extestion to decide on renewing pact
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10:04 EDTMSFTAccenture and Microsoft launch hybrid cloud platform
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07:28 EDTFTNT, HPQFBN Securities to hold a bus tour
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December 7, 2014
15:53 EDTHPQHP shares could gain 15%, Barron's says
HP shares could gain 15% to $45.00 per share as the company splits its enterprise business from PCs and printer business, by next October, Barron's argues in a follow up article. Reference Link
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