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Stock Market & Financial Investment News

News Breaks
July 17, 2014
16:52 EDTMSFT, SNDK, YUM, DRC, MAT, SIEGY, UNHOn The Fly: Closing Wrap
Stocks on Wall Street began the session in negative territory, though the averages recaptured most of their losses and the Dow made it briefly into positive territory by mid-morning. Late in the morning reports surfaced of a downed jet on the Russia-Ukraine border and investors moved to the sidelines expecting to hear terrorism was the reason. With speculation bouncing between the potential for an accident and an act of aggression, the market grew weak. Late afternoon reports of a ground invasion of the Gaza strip by Israel coincided with the market taking another leg lower and the averages ended the trading day near their worst levels. ECONOMIC EVENTS: In the U.S., weekly jobless claims dipped 3K to 302K in the week ended July 12. Housing starts dropped 9.3% to a 893K rate in July, while building permits declined 4.2% to a 963K rate. Both were expected to rise to rates over 1M. The Philly Fed manufacturing index climbed 6.1 points to 23.9 in July, beating expectations for it to have dipped to 16.0. COMPANY NEWS: Shares of Microsoft (MSFT) advanced 45c, or 1.02%, to $44.53 after the company announced a plan to simplify its operations, which will result in the elimination of up to 18,000 jobs over the next year. Of that total, over two-thirds will come from positions to be eliminated at the phone business Microsoft recently purchased from Nokia. In an email to Microsoft employees on the integration of Nokia and the broad restructuring, CEO Satya Nadella said the decision to change was "difficult, but necessary" and will result in the company having fewer layers of management. MAJOR MOVERS: Among the notable gainers was Dresser-Rand (DRC), which jumped $7.58, or 12.55%, to $68.00 after Germany's Manager Magazin reported that Siemens (SIEGY) is working with Lazard on a takeover bid for the company. Also higher following its earnings reports was Dow member Unitedhealth (UNH), which rose $1.35, or 1.61%, to $85.11. Shares of SanDisk (SNDK) fell $14.62, or 13.56%, to $93.21 the flash memory manufacturer's third quarter revenue outlook trailed analysts’ consensus estimates. Also lower after their earnings reports were Yum! Brands (YUM), which fell $5.70, or 6.89%, to $77.01, and Mattel (MAT), which dropped $2.57, or 6.58%, to $36.46. INDEXES: The Dow dropped 161.39, or 0.94%, to 16,976.81, the Nasdaq fell 62.52, or 1.41%, to 4,363.45, and the S&P 500 retreated 23.45, or 1.18%, to 1,958.12.
News For MSFT;SNDK;YUM;DRC;MAT;SIEGY;UNH From The Last 14 Days
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July 15, 2014
15:45 EDTSNDKSanDisk technical comments ahead of earnings
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12:01 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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11:55 EDTMSFTMicrosoft hits a fresh 52-week high, levels to watch
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09:31 EDTMSFTSenate Judiciary Committee to hold a hearing
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09:29 EDTMSFTMicrosoft in talks to buy cybersecurity start-up Aorato, WSJ says
Microsoft is in talks to buy Israel-based cybersecurity start-up Aorato in a deal worth around $200M, according to The Wall Street Journal, citing a person familiar with the matter who noted that the pact could close within the next two months. Reference Link
09:05 EDTMSFTMicrosoft price target raised to $50 from $45 at Nomura
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09:05 EDTSNDKSanDisk to benefit from Amazon use of flash storage, says Pacific Crest
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08:35 EDTMSFTCisco announces multi-year sales, go-to-market agreement with Microsoft
Cisco (CSCO) announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets. The companies will focus on integrating market leading technologies, including Cisco Unified Computing System, Cisco Nexus switching and Microsoft Cloud OS solutions including Windows Server, System Center, SQL Server and Microsoft Azure.
07:24 EDTMSFTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
07:23 EDTMSFTFortune to hold a conference
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06:24 EDTMSFTMicrosoft poised to make job reductions, Bloomberg says
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06:06 EDTMSFTElectronic Arts names Ken Moss as Chief Technology Officer
Electronic Arts (EA) announced on its website that it has named Ken Moss as its Chief Technology Officer. As CTO, Ken will lead the organization, strategy and vision for EA’s Digital Platform and Information Technology divisions. Moss comes to EA most recently from eBay (EBAY), where he led the Marketplace Technology, Science and Data global organization. He is a 20-year veteran of Microsoft (MSFT), where he founded and led the engineering and product teams on Search -- which later became Bing -- and played an important role in Microsoft’s transition to large-scale services. Reference Link
July 14, 2014
15:38 EDTSNDKSanDisk July volatility increases into Q2 and outlook
SanDisk July call option implied volatility is at 64, August is at 37, October is at 34; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement in the expected release of Q2 results after the market close on July 16.
08:46 EDTMSFTItron selects Microsoft Azure as preferred cloud platform
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08:34 EDTMSFTPC market stability could be short-lived, Reuters says
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07:48 EDTMSFTQuantum computer company D-Wave may come public, FT says
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07:36 EDTYUMYum! Brands should be bought ahead of Q2 results, says Stifel
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07:31 EDTSNDKSanDisk price target raised to $114 from $95 at Stifel
Stifel raised its price target on SanDisk as the firm expects the company's June quarter results to beat consensus estimates. The firm predicts that SanDisk's guidance for its September quarter may also beat expectations. Stifel believes that demand is shifting towards SanDisk's high valued products, and it keeps a Buy rating.
06:08 EDTMSFTMicrosoft confirms plans to discontinue MapPoint, Streets & Tips
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06:05 EDTMSFTMicrosoft to expand coverage of free Windows licensing, DigiTimes reports
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