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Stock Market & Financial Investment News

News Breaks
April 11, 2013
16:26 EDTFTNT, ACAD, INTC, PANW, RAD, HLF, MSFT, FIRE, BIOL, HPQOn The Fly: Closing Wrap
Stocks on Wall Street were higher after initial jobless claims fell. The averages rose fairly steadily in the early hours of the session, though the initial rally stalled and the averages were range bound for much of the second half of the trading day. The Nasdaq was the laggard among the averages, as it was weighed down by declines in tech bellwethers Microsoft (MSFT) and Intel (INTC)... 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 IDC and Gartner both estimated that PC sales declined by double-digits in the first three months of the year. Microsoft, which was also downgraded by at least three firms, lost $1.35, or 4.44%, to $28.93, Intel slid 43c, or 1.95%, to $21.83 and Hewlett-Packard (HPQ) fell $1.44, or 6.45%, to $20.88... Herbalife (HLF) shares gained $1.08, or 2.9%, to $38.28 after the SEC and Department of Justice filed complaints against ex-KPMG partner Scott London for allegedly helping a friend trade on non-public information in that stock. The DOJ's complaint made reference to conversations in which London acknowledged rumors of Herbalife going private and activist investor Bill Ackman's short position on shares... MAJOR MOVERS: Among the notable gainers following FDA actions were ACADIA Pharmaceuticals (ACAD), up $5.13, or 64.37%, to $13.10 after the FDA approved its filing of a New Drug Application for a Parkinson's drug candidate, and BIOLASE (BIOL), up 59c, or 13.26%, to $5.04 after the FDA cleared its EPIC 10S soft tissue diode laser for use a surgical instrument. Also higher was Rite Aid (RAD), up 33c, or 18.44%, to $2.12 after its earnings and guidance beat expectations. Among the noteworthy losers was Fortinet (FTNT), down $2.85, or 13.04%, to $19.00 after reporting weaker than expected first quarter results. Several of its Internet security peers also lost ground, including Sourcefire (FIRE), down 86c, or 1.58%, to $53.58, and Palo Alto (PANW) down 55c, or 1.01%, to $54.16... INDICES: The Dow was up 62.90, or 0.42%, to 14,865.14; the Nasdaq was up 2.91, or 0.09%, to 3,300.16; and the S&P 500 was up 5.64, or 0.36%, to 1,593.37.
News For MSFT;INTC;HPQ;HLF;ACAD;BIOL;RAD;FTNT;FIRE;PANW From The Last 14 Days
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December 11, 2014
10:17 EDTMSFTCiti upbeat on Google in face of pending Apple decision on Safari
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09:35 EDTHLFHerbalife says product claims have 'strict rules and guidelines'
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09:34 EDTHLFVideo entitled 'Harmful Promises' posted to Ackman's Herbalife website
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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
December 5, 2014
16:52 EDTMSFTDow just below 18K as market finishes week with gains
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07:46 EDTMSFTCIO survey results favorable for Microsoft, says Pacific Crest
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