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Stock Market & Financial Investment News

News Breaks
January 15, 2014
09:59 EDTGOOG, NFLXAnalyst says Netflix would be hurt if court ruling stands
After a federal appeals court yesterday struck down the Federal Communications Commissionís rules on the delivery of Internet content, research firm Wedbush believes that the ruling will hurt Netflix (NFLX). WHAT'S NEW: Yesterday a federal appeals court struck down the FCC's Open Internet Order which had prevented Internet Service Providers from charging Internet content providers fees. ANALYST REACTION: In a note to investors earlier today, Wedbush analyst Michael Pachter wrote that, if the ruling stands, Internet Service Providers will force Netflix to pay for unrestricted delivery of its content. As a result, Netflix's costs will likely rise, with the company seeing little or no benefits from its higher expenditures, predicted the analyst. However, Pachter did note that he expects the FCC to appeal the ruling to the Supreme Court. He kept a $160 price target and Underperform rating on the stock. WHAT'S NOTABLE: The ruling has mixed implications for Google (GOOG), wrote Wedbush analyst Shyam Patil. Although Google's YouTube will have to pay for network bandwidth that had been free, YouTube might be able to use its funds to create faster, more reliable offerings than those of its competitors, wrote the analyst. Patil has a $980 price target and Neutral rating on Google. PRICE ACTION: In early trading, Netflix fell 1% to $335 while Google was flat at $1,150.
News For NFLX;GOOG From The Last 14 Days
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November 11, 2014
16:01 EDTNFLXOptions Update; November 11, 2014
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15:59 EDTGOOGYouTube strikes music deals, paving way for streaming service, FT says
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13:55 EDTGOOGYuoTube hires Zynga executive to lead consumer products group, Re/code says
Google's (GOOG) YouTube has hired Manuel Bronstein, a Zynga (ZNGA) executive, to lead its consumer products group, says Re/code. According to the Re/code report, YouTube has had a series of notable managers depart in the last year. Reference Link
13:38 EDTGOOGNew European antitrust chief needs time to resolve Google probe, Reuters says
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13:36 EDTGOOGGoogle launches Google Fiber for small businesses
Google announced that it had launched a high speed Internet service, Google Fiber, for small businesses in select areas of Kansas City. Google will charge $100 per month for the service.
November 10, 2014
16:44 EDTNFLXOn The Fly: Closing Wrap
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14:09 EDTNFLXBoehner strongly opposes net neutrality
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13:26 EDTNFLXCable providers fall after Obama weighs in on net neutrality
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12:45 EDTGOOGFullscreen to acquire Rooster Teeth, terms not disclosed, Reuters reports
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12:24 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the marketís drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internetís success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributorís third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analystsí consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
09:45 EDTNFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTNFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:23 EDTNFLXRBC Capital to hold a conference
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07:11 EDTGOOGOpen Mobile Media to hold a summit
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06:04 EDTGOOGGoogle's same-day delivery head leaves for Uber, Re/code reports
The head of Google Express' same-day delivery service, Tom Fallows, has left the company to join Uber, Re/code reported on Friday, citing sources. Reference Link
05:58 EDTNFLXStocks with implied volatility below IV index mean; CHK NFLX
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November 7, 2014
09:36 EDTGOOGActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
08:46 EDTNFLXCord cutting accelerates as pay-TV loses 179K customers in Q3, WSJ reports
The pay-TV industry lost about 179K customers in Q3, which is steeper than the decline of 83K in the same quarter of last year, reported The Wall Street Journal, citing company reports and estimates from research firm MoffettNathanson. Companies that provide television service include AT&T (T), Verizon (VZ), DISH (DISH), Charter (CHTR), DirecTV (DTV), Cablevision (CVC), Comcast (CMCSA) and Time Warner Cable (TWC). Netflix (NFLX) and Amazon (AMZN) provide television and movie streaming services that compete with broadcast and cable television network offerings. Reference Link
06:46 EDTGOOGMicrosoft begins offering free iPhone Office apps
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06:39 EDTGOOGLenovo to launch low-cost Chromebook in early 2015, DigiTimes reports
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