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Stock Market & Financial Investment News

News Breaks
July 17, 2014
13:18 EDTMSFT, UNH, EBAY, DRC, SIEGY, MAT, AN, SNDKOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there for most of the morning. The averages recaptured most of their losses and the Dow made it across the flat line and briefly into positive territory by mid-morning, but around the time the European markets closed reports surfaced that a Malaysian passenger jet crashed on the Russian-Ukraine border. The averages fell quickly but have since pared their losses as speculation runs rampant as to whether the jet was shot down or crashed due to an accident. 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. Notably, an adviser to Ukraine's Interior Ministry said a Malaysia Airlines passenger jet carrying more than 200 people crashed while flying over eastern Ukraine, near its border with Russia. A report claimed that 23 U.S. citizens were killed in the crash. COMPANY NEWS: Shares of Microsoft (MSFT) advanced 2% after the tech giant 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 12.5% after Germany's Manager Magazin reported that Siemens (SIEGY) is working with Lazard on a takeover bid for the company. Also higher following their earnings reports were Dow member Unitedhealth (UNH), which rose more than 3%, and eBay (EBAY), which gained about 2%. Among the noteworthy losers following their earnings reports were SanDisk (SNDK), which fell over 12%, Mattel (MAT), which slid 6%, and AutoNation (AN), which dropped 6% as well. INDEXES: Near midday, the Dow was down 17.82, or 0.1%, to 17,120.38, the Nasdaq was down 22.16, or 0.5%, to 4,403.81, and the S&P 500 was down 5.69, or 0.29%, to 1,975.88.
News For MSFT;UNH;EBAY;DRC;SIEGY;MAT;AN;SNDK From The Last 14 Days
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October 21, 2014
18:33 EDTEBAYIcahn reiterates view that high-yield market is a bubble
Says the Fed has given the economy, or the patient, "too much medicine." Says market should not be shorted. Again, says Apple (AAPL) CEO Tim is a "great CEO." Says Apple pay has a great future. Says Ebay (EBAY) is like his past campaign at Motorola. Reiterates view that Ebay should explore Paypal sale right now. Says Dell is on his radar screen. Says Warren Buffet sometimes too easy on companies, should do more on corporate governance. Again, says has never sold a share of Herbalife (HLF). Says Western Europe has "major problems," and continues to be short the Euro. Says energy stocks "getting cheap." Carl Icahn is speaking on Bloomberg TV.
17:38 EDTEBAYIcahn would like eBay to sell PayPal right now
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17:35 EDTEBAYIcahn says pleased that Marc Andreessen leaving eBay board
Icahn is speaking in a CNBC interview.
14:09 EDTEBAYThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
14:01 EDTEBAYThird Point says established 'significant' position in eBay during Q3
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10:30 EDTSIEGYSiemens discussing sale of hearing-aid unit for over $2.6B, Bloomberg says
Siemens, which had planned to sell shares in its hearing-aids division on the stock market, is now in advanced talks to sell the unit for more $2.6B, with private-equity firm EQT Partners seen as the frontrunner but other firms and companies also showing interest, according to Bloomberg, citing people familiar with the matter. Reference Link
10:03 EDTSIEGYSiemens discussing sale of hearing-aid unit for near $2.6B, Bloomberg says
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09:12 EDTEBAYGNC, eBay, Vivendi recommended as long ideas by Sandler, Bloomberg reports
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09:07 EDTSNDKFlextronics appoints Michael Mendenhall as Chief Marketing Officer
Flextronics (FLEX) announced that Michael Mendenhall has been appointed to lead the Company's worldwide marketing, branding and communications initiatives. Mendenhall most recently served as the Executive Vice President and Chief Marketing and Communications Officer for Fusion-io. In this role, he was responsible for repositioning the Company's brand and products and played a key role in its successful acquisition by SanDisk (SNDK). Previously, he served as Senior Vice President and Chief Marketing Officer for HP (HPQ) and directed all aspects of corporate marketing operations globally.
07:45 EDTMSFTMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
06:27 EDTEBAYStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 26, Netflix (NFLX) 38 according to iVolatility.
06:09 EDTMATMEGA brands announces global partnership with UP&L
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October 20, 2014
15:20 EDTMSFTMicrosoft confirms availability of Cloud Platform System, powered by Dell
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12:36 EDTSNDK, MATOptions with decreasing implied volatility
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12:09 EDTMSFTIBM hits 52 week low after earnings miss, 2015 profit target dropped
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08:00 EDTMSFTRBC Capital remains positive on Microsoft
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07:06 EDTMSFTNICE Systems solution qualified to support Microsoft Lync
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06:01 EDTEBAYStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 27, Netflix (NFLX) 40 according to iVolatility.
05:27 EDTEBAYeBay announces resignation of Marc Andreessen from board
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October 19, 2014
20:41 EDTMSFTMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
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