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Stock Market & Financial Investment News

News Breaks
February 4, 2014
12:28 EDTFURX, KORS, TTWO, MSFT, PSMI, JCPOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, bouncing back after yesterday's sell-off, which was one of the worst in quite some time. Yesterday's decline came on the heels of a dismal January, during which the market put in its worst monthly performance since May 2012. The major averages are higher across the board, but have not regained even half of what was lost yesterday. ECONOMIC EVENTS: In the U.S., factory orders dropped 1.5% in December, versus expectations for a 1.8% decline. COMPANY NEWS: As had been predicted in various technology blogs in recent days, Microsoft (MSFT) promoted the head of its Cloud and Enterprise group, Satya Nadella, to take over as Chief Executive Officer for the departing Steve Ballmer. Bill Gates, one of the company's founders and formerly its chairman of the board, will assume a new role as Technology Advisor and will devote more time to the company, with lead independent director for the board John Thompson taking over as chairman... Shares of J.C. Penney (JCP) briefly rallied after the company reported its comparable store sales grew 3.1% during the Holiday period, but reversed and moved into negative ground shortly after the opening bell. Deutsche Bank said it believes investors were expecting a positive low-single digit gain in same-store sales and it does not view today's press release as material to the J.C. Penney story, while Sterne Agee cut its price target on the retailer's shares to $3 from $9. J.C. Penney shares declined over 9% near midday following the sales update. MAJOR MOVERS: Among the notable gainers was luxury goods maker Michael Kors (KORS), which soared 18% higher after the company's third quarter results soundly beat analysts' expectations. Also higher was Furiex Pharmaceuticals (FURX), whose shares more than doubled after the company’s two Phase III trials evaluating its drug for the treatment of diarrhea-predominant irritable bowel syndrome met both the FDA and the European Medicines Agency formally agreed-upon primary endpoints. Among the noteworthy losers was Peregrine Semiconducter (PSMI), which fell 17% after reporting a steeper than expected quarterly loss and being downgraded at Needham and JPMorgan. Also lower following an earnings report that prompted multiple downgrades was Take-Two Interactive (TTWO), which fell 9% despite reporting earnings that beat expectations and raising its profit outlook for the year. Wedbush downgraded Take-Two to Neutral from Outperform due to lack of visibility and said investors should be cautious about the product pipeline, while Benchmark Co. lowered its rating on the stock to Hold. INDEXES: Near midday, the Dow was up 101.96, or 0.66%, to 15,474.76, the Nasdaq was up 42.93, or 1.07%, to 4,039.89, and the S&P 500 was up 15.33, or 0.88%, to 1,757.22.
News For MSFT;KORS;JCP;TTWO;FURX;PSMI From The Last 14 Days
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March 19, 2015
05:50 EDTMSFTMicrosoft, BlackBerry raises cooperation for software products, DigiTimes says
Microsoft and Blackberry have been increasing their cooperation with other companies to promote sales of software platforms and related services, reports DigiTimes. According to industry sources, the new eefforts come after their global smartphone market edge dropped 2.8% and 0.6%, respectively. Reference Link
March 18, 2015
13:30 EDTJCPJ.C. Penney trades lower after news of executive departures
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10:06 EDTKORSMichael Kors recent headwinds provide a buying opportunity, says BofA/Merrill
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10:01 EDTMSFTPolycom and Microsoft announces new series of video collaboration solutions
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09:03 EDTMSFTMicrosoft price target lowered to $46 on rising headwinds at Morgan Stanley
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07:03 EDTMSFTSonus transitions enterprises to Microsoft Skype for business
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05:23 EDTMSFTQihoo 360 announces partnership with Microsoft
Qihu 360 (QIHU) announced a partnership with Microsoft (MSFT) to bring Windows 10, for free, to its customers in China through seamless upgrades. Qihu 360 will enable the Windows 10 upgrade with just a few clicks for their customers with accelerated download speeds. As a result, millions of Qihu 360 users will be able to upgrade to Windows 10 quickly and easily.
05:22 EDTMSFTMicrosoft announces strategic partnership with Tencent
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05:21 EDTMSFTMicrosoft announces Windows 10 to launch this Summer in 190 countries
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March 17, 2015
15:41 EDTJCPJ.C. Penney General Counsel Janet Dhillon leaving, Bloomberg says
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11:36 EDTMSFTGoPro Channel app tops 1M downloads on Xbox platform
GoPro (GPRO) announced that The GoPro Channel app has been downloaded over 1M times on the Xbox video game and entertainment system from Microsoft (MSFT). Additionally, users are watching an average of 25 minutes of GoPro videos during each viewing session. The GoPro Channel allows Xbox members worldwide to stream GoPro content on-demand, share favorite videos, and purchase cameras and accessories directly through the console.
09:13 EDTMSFTMSFT announced several partnerships with industry leaders
At Microsoft Convergence 2015, Microsoft (MSFT) announced several new partnerships with industry leaders. Teaming up with Microsoft, Ford Motor (F) will expand connected services for customers around the world with the creation of the Ford Service Delivery Network. Microsoft also announced several partnerships and collaboration agreements with leading companies in sales, field service, digital transaction management and analytics markets. Microsoft and InsideSales.com will offer its complete sales acceleration platform. Microsoft and FieldOne Systems announced their agreement to bring the FieldOne Sky field service management solution into the Microsoft Dynamics global independent software vendor program. DocuSign and Microsoft announced that the two companies will bring DocuSign's Digital Transaction Management platform to Microsoft Dynamics CRM users. Microsoft also announced the acquisition of intellectual property from Fusion Software which will add Voice of the Customer capabilities to Microsoft Dynamics.
09:07 EDTMSFTDISH's Sling TV launches on Xbox One
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09:05 EDTMSFTMicrosoft exec confirms plans to drop IE brand for new browser, The Verge says
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09:05 EDTMSFTMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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09:03 EDTMSFTElectronic Arts, Visceral Games announce availability of Battlefield Hardline
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07:12 EDTMSFTDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
06:57 EDTJCPJ.C. Penney CMO leaves company, effective immediately, AdAge reports
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March 16, 2015
09:03 EDTMSFTMicrosoft price target lowered to $49 from $52 at UBS
UBS lowered its price target on Microsoft to $49 from $52 citing lower PC demand and foreign exchange headwinds. UBS reiterated its Buy rating on Microsoft shares.
07:32 EDTMSFTUBM Tech to hold a conference
Enterprise Connect 2015 is being held in Orlando, Florida on March 16-19.
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