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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:49 EDTYHOO, ICE, SFTBF, NDAQAlibaba said to choose NYSE over Nasdaq for IPO, Bloomberg reports
In a a blow to the Nasdaq Stock Market (NDAQ), Alibaba plans to list its shares on IntercontinentalExchange's (ICE) New York Stock Exchange, said Bloomberg, citing a person with knowledge of the matter. Yahoo (YHOO) and Softbank (SFTBF) continue to be significant shareholders in Alibaba. Reference Link
News For NDAQ;ICE;YHOO;SFTBF From The Last 14 Days
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September 2, 2015
06:15 EDTNDAQNASDAQ to supply market-surveillance technology to China, WSJ reports
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September 1, 2015
13:06 EDTSFTBFNetflix dives as Apple reportedly explores original programming
Shares of streaming video giant Netflix (NFLX) are underperforming a down market today after a Variety report that said Apple (AAPL) is exploring an entry into the original programming business. Amazon (AMZN) also said it expanded Prime Video downloads to the iOS and Android platforms. WHAT'S NEW: According to the Variety report, Apple recently held preliminary discussions with Hollywood executives to measure their interest in "spearheading" a move into entertainment content. Exclusive content has been an integral part of Netflix's success with programming such as House of Cards and Orange Is the New Black. Amazon and Time Warner's (TWX) HBO, which recently launched a streaming-only version of its service, are also counting on exclusive content. According to Variety, the extent of Apple's ambitions vary, according to sources, with some saying the plan is to create long-form content and compete directly with Netflix while other sources say that Apple's efforts are more of a "flirtation." WHAT'S NOTABLE: Netflix announced this week that it will not renew its agreement with Epix, which allowed Netflix to stream movies released on the cable movie channel. Netflix noted that the Epix movies are widely available on cable and other subscription platforms at the same time as they are on Netflix. The streaming video giant said in a blog post that it knows some subscribers will be disappointed by the end of Epix movies but added that its goal "is to provide great movies and TV series for all tastes, that are only available on Netflix." Also noteworthy was the announcement by Amazon today that it will now allow Prime members to download movies and TV episodes, including Amazon Original Series, to iPhones, iPads and Android phones and tablets for offline viewing, at no additional charge. The company noted that Amazon Video is the only online subscription streaming video service that enables downloads of titles, meaning unlike other subscription streaming services such as Netflix, Prime members can enjoy movies and TV shows as part of their membership even when they don't have an internet connection. ANALYST TAKE: In a note to investors this morning, BofA/Merrill analyst Nat Schindler raised his price target on Netflix shares to $133 from $121 following reports the company will officially launch in Japan on September 2 and recently raised prices in Europe. The analyst, which maintains his Buy rating on shares, also pointed out that Netflix is in an agreement with Softbank (SFTBF), a leader in Japan's telecom and internet space. The Softbank partnership will bolster subscriber growth through pre-installed Netflix apps on Softbank phones, automatic subscription payments through Softbank's payment system, and in-store signups and marketing. PRICE ACTION: Shares of Netflix are underperforming a weak market and are down 8.15% to $105.65, while Apple and Amazon are both down over 2%.
10:49 EDTYHOOYahoo CEO Marissa Mayer announces pregnancy, plans limited time off
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August 31, 2015
12:04 EDTYHOOStocks with call strike movement; BABA YHOO
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August 27, 2015
06:33 EDTYHOOYahoo announces Tumblr sharing tools at Mobile Developer Conference
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August 25, 2015
06:13 EDTYHOOThird Point, FTC settle over antitrust filings for 2011 Yahoo stake
Three affiliated hedge fund companies and their management company, Third Point LLC, have agreed to settle Federal Trade Commission charges that they violated premerger reporting laws in connection with their 2011 acquisitions of stock in Yahoo! Inc. The complaint alleges that Third Point Partners Qualified L.P., Third Point Ultra, LTD, and Third Point Offshore Fund, LTD failed to observe the filing and waiting requirements of the Hart-Scott-Rodino Act before purchasing shares in Yahoo. According to the complaint, the three defendant funds claimed that they were exempt from reporting to the U.S. antitrust authorities because the purchases were made solely for investment purposes. At the time of the stock purchases, however, defendant Third Point LLC, which made investment decisions on behalf of the funds, was taking actions inconsistent with an investment-only intent, such as communicating with third parties to determine their interest in becoming the CEO or a board candidate of Yahoo. Under the terms of the proposed stipulated five-year federal court order, the defendants are prohibited from relying on the investment-only exemption if they have contacted third parties to gauge their interest in joining the board of the target company, communicated with the target company about proposed candidates for its board, or engaged in other specified conduct in the four months prior to acquiring voting securities above the HSR Act threshold. In this case, the agencies determined not to seek civil penalties based on several factors, including that the violation was inadvertent and short-lived, and this was the defendants' first violation of the HSR Act.
August 24, 2015
08:51 EDTSFTBFNetflix confirms partnership with SoftBank ahead of Japan launch
SoftBank Corp (SFTBF) and Netflix (NFLX) confirmed that SoftBank, among Japanese telecommunications companies, will exclusively offer a fully integrated Netflix experience, including billing, when Netflix Japan launches on September 2. Under the agreement, SoftBank customers will be able to sign up for Netflix at SoftBank Shops, major electronics retailers, via the SoftBank website and via SoftBank call centers without filling out payment information, with Netflix's monthly fee added to their bill. In addition, SoftBank will begin pre-installing the Netflix app on its smartphones for sale after October 2015.
06:07 EDTSFTBFNetflix partners with SoftBank ahead of Japan launch, Japan Times reports
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August 23, 2015
15:30 EDTICE, NDAQAmerican stock exchanges to ramp up anti-spoofing efforts, NY Post says
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August 19, 2015
18:07 EDTSFTBFSoftBank COO to purchase Y60B stake in company, expected to succeed CEO
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17:25 EDTSFTBFSoftBank leads $1B investment round for online lender SoFi, WSJ says
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13:15 EDTNDAQBox to open NYC headquarters, hires Adam Ross to lead financial services team
Earlier today, Box (BOX) announced it is opening a full-scale office in New York City to expand its global presence and better serve its fast-growing enterprise customer base. The company also announced that Adam Ross has joined Box to lead the company's financial services team as a part of the Box for Industries initiative. Mr. Ross, who will be based in New York City, will be responsible for driving Box's strategy in the financial services industry, speeding adoption of Box's secure content collaboration platform with banks, insurance companies, and investment and advisory firms globally. "Now more than ever, the most highly regulated industries - from financial services to healthcare - require modern digital technologies that accelerate business and deal with outdated compliance procedures, new regulations, and cybersecurity threats," said Aaron Levie, CEO and co-founder, Box. "We're thrilled to be building out a presence on the East Coast where we'll continue hiring the best talent to bring our secure enterprise cloud platform to customers with the most strict technology needs and requirements." Ross brings more than 20 years of financial services industry experience to Box. Most recently, Ross was VP of Global Corporate Solutions at NASDAQ (NDAQ), where he helped lead the development and delivery of a state-of-the-art, cloud-based suite of products and services to thousands of global customers.
08:06 EDTNDAQNASDAQ enters into partnership with Visible Alpha
The Corporate Solutions business of Nasdaq and Visible Alpha announced an exclusive agreement to provide detailed analyst forecast data and models on the Nasdaq IR Insight platform. Through this partnership, select corporate executives and investor relations officers will gain the capability to compare and contrast the financial and operating assumptions of the sell-side analysts that drive market expectations of their companies.
07:41 EDTYHOOYahoo price target lowered to $56 from $62 at Cantor
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06:13 EDTSFTBFSnapdeal secures $500M in investment round led by Alibaba, Softbank
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06:05 EDTSFTBFSoftbank to invest in geothermal power generation, Nikkei says
Softbank subsidiary SB Energy will invest in developing renewable energy, extend construction and operation from PV and wind power to geothermal power generation, reports Nikkei News earlier this week. SB Energy already intends to build 27 huge megasolar power plants across Japan by fiscal 2017, and it also has plans for two wind farms. The company expects to begin construction of the plant in one to two years and launch operations by 2020. Reference Link

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