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Stock Market & Financial Investment News

News Breaks
January 24, 2014
16:18 EDTKSU, TXI, MSFT, BDSI, HLF, MLM, JNPROn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower for the second straight session, with the averages accelerating their losses in the final minutes of trade to close at their lows. The Dow logged its worst one-day loss since the summer, while each of the S&P 500 and Nasdaq lost more than 2%. For the week, the Dow lost more than 3%, the S&P 500 lost more than 2.8%, and the Nasdaq lost more than 1%. ECONOMIC EVENTS: In the U.S., little economic data of note was reported. In Europe, Fitch affirmed Germany's AAA sovereign credit rating with a stable outlook. In Argentina, the government said it would loosen its strict foreign exchange controls a day after it abandoned a long-standing policy of supporting the peso. The change in policy announced yesterday had resulted in an 11% drop in the Argentinian peso against the dollar, marking the currency's steepest plunge since 2002. In addition to Argentina's currency issues, the Turkish lira, the South African rand and the Russian ruble all hit new, multi-year lows. COMPANY NEWS: Microsoft (MSFT) gained 76c, or 2.52%, to $36.96 after last night reporting earnings and revenue that surpassed consensus forecasts, aided by increased sales of its Surface tablet and strong holiday season sales of its Xbox gaming consoles. The tech giant, however, provided no update on the progress of its CEO search, which it has said it expects to complete in the first half of this year... IT infrastructure provider Juniper Networks (JNPR) gained $1.71, or 6.57%, to $27.72 after reporting better than expected results, announcing the pending release of a new operational plan, and activist investor JANA Partners backed Elliot Management's recent plans to unlock shareholder value at the company. MAJOR MOVERS: Among the notable gainers was Texas Industries (TXI), up $6.37, or 9.27%, to $75.06 after a report from Bloomberg said Martin Marietta Materials (MLM) is in talks to acquire the company. Also higher was BioDelivery Sciences (BDSI), up $3.16, or 50.56%, to $9.39 after announcing top-line results from of a study of a drug it is developing for the treatment of moderate to severe chronic pain in certain patients. Among the noteworthy losers was Kansas City Southern (KSU), down $17.79, or 15.17%, to $99.49 after the railroad operator reported weaker than expected results. Also lower was Herbalife (HLF), down another $5.56, or 8.89%, to $60.06 after losing more than 10% yesterday, with the New York Post today reporting that the company is being targeted as a pyramid scheme in the Chinese media. Year-to-date, Herbalife is among the market's worst performing stocks, down more than 22%. INDEXES: The Dow was down 318.24, or 1.96%, to 15.879.11; the S&P 500 was down 38.17, or 2.09%, to 1,790.29; the Nasdaq was down 90.70, or 2.15%, to 4,128.17.
News For MSFT;JNPR;HLF;TXI;MLM;BDSI;KSU From The Last 14 Days
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April 10, 2014
06:23 EDTMSFTIDC says worldwide PC shipments totaled 73.4M units in Q1, down 4.4% y/y
Worldwide PC shipments totaled 73.4 million units in 1Q14, a decline of -4.4% year on year, according to the International Data Corporation Worldwide Quarterly PC Tracker. Although still in decline and with continuing weakness in consumer and emerging market segments, the preliminary results are slightly better than a projected decline of -5.3%. The U.S. market continued to stabilize with growth near zero in line with forecasts. With shipments totaling 14.3 million PCs in 1Q14, the U.S. market contracted by -0.6% from the same quarter a year ago. Desktop shipments were slightly stronger, posting 3.5% growth, while portables remained in negative territory. Lenovo (LNVGY) preserved its lead in total worldwide PC shipments despite a seasonal drop due to the Chinese New Year. Growth in other regions continued at a solid pace although Latin America slowed after a dramatic expansion over the past year. HP (HPQ) remained in the number 2 position, with growth rising nicely to nearly 5% year on year. Dell grew over 9% in the first quarter.
06:14 EDTMSFTMicrosoft may release server orders to Taiwan ODMs, DigiTimes reports
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April 9, 2014
17:26 EDTMSFTGartner says worldwide PC shipments in Q1 fell 1.7%
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13:23 EDTMSFTEnd of Windows XP support could spur adoption of Chinese OS, WantChinaTimes says
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13:01 EDTMSFTMicrosoft continues Windows XP support for select customers, Re/code reports
For most customers, support for Windows XP ended yesterday. However, for select customers and governments, Microsoft is providing paid custom support, Re/code reports. Reference Link
12:19 EDTMSFTMicrosoft volatility increases into Q3 and outlook
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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.
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
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.
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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05:42 EDTMLM, TXIHolcim, Lafarge confirm intention to combine via merger of equals
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April 6, 2014
14:38 EDTMLM, TXIEuropean cement makers Lafarge, Holcim approve $50B merger, WSJ says
Two of the world's largest cement makers, France's Lafarge (LFRGY) and Switzerland's Holcim agreed to a $50B merger, says the Wall Street Journal. The cement companies' boards met separately on Saturday and approved the deal, added the Wall Street Journal. Other names in the cement and buildings materials space include Vulcan Materials (VMC), Martin Marietta (MLM), Texas Industries (TXI), Eagle Materials (EXP) and CEMEX (CX). Reference Link
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