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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:28 EDTSCS, CJES, IRM, TWTR, FB, NBR, BBBY, NFLX, MLHR, GOOG, BCS, GPROOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a report showed that consumer spending in the U.S. rose less than expected in May. Stocks began the day in quiet fashion as the averages opened just below the flat line, but the market began to drift lower and eventually gained momentum to the downside, pushing the Dow to a triple digit loss. The market began to pare its losses by mid-morning but has still not been able to come back entirely from its early weakness. ECONOMIC EVENTS: In the U.S., initial jobless claims in the third week of June came in at 312k, which was a hair above the 310K forecast. Personal income rose 0.4% in May, matching expectations, but consumer spending grew only 0.2%, missing the forecast for 0.4% growth. COMPANY NEWS: Shares of Barclays (BCS) trading in New York plunged nearly 6% after New York's Attorney General announced a lawsuit against the bank arising from the operation of its dark pool and other aspects of its electronic trading division... Outside of its own news, analysts at the U.K. bank initiated coverage on eight large Internet stocks today, recommending shares of Facebook (FB), Google (GOOG) and Twitter (TWTR) while advising against owning Netflix (NFLX). Near noon following the initiations, Netflix fell nearly 1%, Google lost 0.7%, Facebook was little changed, and Twitter advanced 4%... GoPro (GPRO) rose 30% to trade near $31 near noon after the action camera maker priced its initial public offering of stock at $24 a share, which was the high end of its expected range. MAJOR MOVERS: Among the notable gainers was Iron Mountain (IRM), which jumped 19% after its board of directors approved the company’s conversion to a real estate investment trust, or REIT, following the receipt of favorable private letter rulings from the IRS. Also higher was Nabors (NBR), which rose 7% and was upgraded to Neutral from Sell at Guggenheim after agreeing to combine its completion and production services businesses in the U.S. and Canada with C&J Energy Services (CJES). Among the noteworthy losers was home furnishings retailer Bed Bath & Beyond (BBBY), which fell 8.5% near noon after the company's first quarter results and second quarter profit outlook missed analysts' consensus estimates. Earlier in the session, the stock hit a fresh 52-week low of $54.95. Also lower following their earnings reports were office furnishings providers Steelcase (SCS), which fell 14%, and Herman Miller (MLHR), which dropped nearly 7%. INDEXES: Near midday, the Dow was down 77.66, or 0.46%, to 16,789.85, the Nasdaq was down 16.56, or 0.38%, to 4,363.19, and the S&P 500 was down 8.35, or 0.43%, to 1,951.18.
News For NFLX;TWTR;GPRO;BBBY;IRM;BCS;NBR;CJES;GOOG;FB;SCS;MLHR From The Last 14 Days
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May 12, 2015
07:00 EDTGOOG, FBPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
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06:54 EDTSCSSteelcase management to meet with BB&T
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06:53 EDTGOOGGoogle sees India business doubling every year, Economic Times says
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06:09 EDTTWTRTwitter spent over $85M to buy Periscope, Niche, Re/code reports
Twitter paid over $86M to buy Periscope, a live streaming app, and Niche, a social media talent agency, earlier this year, Re/code reports. Re/code previously said Twitter acquired Niche for approximately $30M, including earn-out payments. Reference Link
06:07 EDTGOOGGoogle's Urmson: Self-driving cars not the cause of accidents, Medium reports
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06:04 EDTGOOGGoogle's self-driving cars in three collisons since September, AP reports
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06:03 EDTGPROGoPro implied volatility of 49 at lower end of index mean range
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06:02 EDTNFLXStocks with implied volatility below IV index mean; LNKD NFLX
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May 11, 2015
19:05 EDTFB, GOOGFacebook tests in-house search engine, WSJ says
Facebook (FB) is testing a feature within its app that allows users to search for previously-shared links, reports the Wall Street Journal's Digits blog, citing spokesperson statements. "We’re piloting a new way to add a link that’s been shared on Facebook," said a company spokesperson. The Journal notes that the feature could give Facebook an information edge over search engine leader Google (GOOG). Reference Link
16:00 EDTTWTR, FB, NFLXOptions Update; May 11, 2015
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11:23 EDTTWTRStocks with call strike movement; TWTR TSLS
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11:03 EDTGOOGLionsgate, Google Play partner on 'The Mad Men Experience'
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10:35 EDTGPROWellington lowers passive stake in GoPro to 6.27% from 12%
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10:30 EDTFBFacebook management to meet with Pacific Crest
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10:09 EDTIRMHigh option volume stocks
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09:58 EDTBCSBarclays expected to pay GBP2B to settle forex rigging charges, FT says
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09:37 EDTFBActive equity options trading on open
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08:21 EDTNBRMitsubishi UFJ to hold a tour
Energy Tour travels throughout Houston and San Antonio, Texas to meet with various energy companies on May 11.
06:33 EDTNFLXTV networks worried amid tough competition from digital outlets, NY Times says
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06:11 EDTGOOGStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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