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Stock Market & Financial Investment News

News Breaks
April 8, 2014
12:12 EDTGIMO, CTRP, NKE, KT, MSFT, SPNC, QUNR, NOKOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the market seeks to break the losing streak that began late last week. The Nasdaq, which has suffered the most over the past week, is today's early leader with a gain of about 0.7%. The Dow and S&P have moved into positive territory as well, but their gains have been more modest to this point in the trading day. ECONOMIC EVENTS: In the U.S., the NFIB small business optimism index increased to 93.4 in March from a prior reading of 91.4, slightly beating expectations. The number of job openings was reported to have risen to 4.17M in February from a revised estimate of 3.87M in the prior month. In Asia, the Bank of Japan left its monetary stimulus program unchanged, as widely expected. The International Monetary Fund trimmed its outlook for global economic growth ahead of the spring World Bank meetings later this week. The IMF now forecasts that the world economy will expand 3.6% this year, which is a slight downgrade from its 3.7% estimate in January. COMPANY NEWS: Apparel and footwear giant Nike (NKE) led all advancers on the blue-chip Dow, rising almost 3% after research firm Stifel upgraded the stock to Buy from Hold to reflect recent weakness, reduced consensus expectations, and strong fundamentals... Shares of Nokia (NOK) trading in New York advanced over 5% after a deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) received regulatory approval in China. MAJOR MOVERS: Among the notable gainers was Korean phone and high-speed Internet services provider KT Corporation (KT), which rose more than 7% after the stock was upgraded to Conviction Buy from Neutral at Goldman. Also higher were shares of Chinese travel website operators Ctrip.com (CTRP), which advanced 7%, and Qunar (QUNR), which gained 8%, after Bloomberg said the companies are in talks on a range of possibilities, from a partnership to a full merger. Among the noteworthy losers was Gigamon (GIMO), which plunged 32% after the company lowered its first quarter revenue outlook largely based on an expected large transaction from an existing customer in EMEA that did not occur. Also lower after cutting its revenue view was medical device maker Spectranetics (SPNC), which fell 11% following the negative pre-announcement. INDEXES: Near midday, the Dow was up 34.52, or 0.21%, to 16,280.39, the Nasdaq was up 29.73, or 0.73%, to 4,109.48, and the S&P 500 was up 6.07, or 0.33%, to 1,851.11.
News For NKE;NOK;MSFT;CTRP;QUNR;KT;GIMO;SPNC From The Last 14 Days
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June 22, 2015
07:17 EDTNOKRegulators to decide by July 27 on Nokia, Alcatel-Lucent deal, Reuters reports
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June 21, 2015
14:44 EDTMSFTFitbit shares likely to see 'typical IPO' subpair gains, Barron's says
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June 19, 2015
14:50 EDTNKENike June weekly volatility elevated into Q4 and growth outlook
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10:53 EDTQUNR, CTRPCtrip.com recent pullback a buying opportunity, says Piper Jaffray
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08:06 EDTMSFTMicrosoft Azure its key to the cloud, says UBS
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07:51 EDTMSFTGameStop CFO says 'blown away' by Microsoft virtual reality demonstration
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06:22 EDTMSFTMicrosoft to offer more Lumia phones through U.S. carriers, Re/code reports
Microsoft (MSFT) will be offering more of its Lumia smartphones through U.S. wireless carriers, Re/code reports. Beginning next week, the company’s Lumia 640 XL smartphone will be available through AT&T (T) for around $250, the report says. The Lumia 735 will begin selling through Verizon (VZ) at around $200, Re/code reports. Reference Link
06:17 EDTMSFTEU gives Google critics one month to remark on antitrust charges, Reuters says
European Union antitrust regulators have sent copies of their charges against Google (GOOG) to critics of the company and given them a month to comment on the charges, Reuters reports, citing one of the complainants. Google has been accused by many companies of abusing its market power and cheating consumers and rivals by tweaking search results to favor its shopping service, the report says. 19 companies, including Microsoft (MSFT) and TripAdvisor (TRIP), are expected to receive the EU charge sheet, Reuters says. Reference Link
June 18, 2015
19:08 EDTNOKNokia CEO confirms plan to launch new smartphone line, BGR says
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17:03 EDTNKENike boardmembers Douglas G. Houser and Orin C. Smith retiring in September
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13:02 EDTMSFTWorldwide wearables market forecast to grow 173.3% in 2015, IDC says
The wearables market maintained its upward trajectory in the first quarter of 2015 as new vendors, including Apple (AAPL), prepared to enter the market. A new forecast from the International Data Corporation, IDC, Worldwide Quarterly Wearable Device Tracker estimates that 72.1M wearable devices will be shipped in 2015, up a strong 173.3% from the 26.4 million units shipped in 2014. Shipment volumes are expected to experience a compound annual growth rate, CAGR, of 42.6% over the five-year forecast period, reaching 155.7M units shipped in 2019. "We expect smart wearables, those capable of running third party apps, to take the lead in 2016," added Ubrani. "Smart wearables like the Apple (AAPL) Watch and Micosoft's (MSFT) Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers." Other companies that have been mentioned in the wearable tech group include Google (GOOG), GoPro (GPRO) and Fitbit (FIT). Reference Link
08:04 EDTMSFTGoogle accelerating pace of cloud product innovation, says Baird
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06:48 EDTMSFTGoogle, Microsoft, Mozilla announce WebAssembly partnership, TechCrunch says
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06:41 EDTMSFTMicrosoft's Jo Harlow leaves company in realignment, The Verge reports
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06:10 EDTMSFTMicrosoft writedown for Nokia now more likely, says Jefferies
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June 17, 2015
18:39 EDTNOKNokia looks to German carmakers as it seeks $4B for map unit, Bloomberg says
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16:28 EDTCTRPCtrip.com propposes to offer $1B convertible senior notes
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11:03 EDTNOKNokia, Alcatel-Lucent say DOJ permits companies to proceed with combination
Nokia (NOK) and Alcatel-Lucent (ALU) announced that the U.S. Department of Justice has granted early termination of the U.S. antitrust waiting period for the combination of Nokia and Alcatel-Lucent, permitting the transaction to proceed. The parties said they continue to make good progress with the regulatory approval processes in the remaining relevant jurisdictions, with the parties having already obtained antitrust clearances in Brazil and Serbia. The transaction remains subject to approval by Nokia shareholders, Nokia holding over 50% of the share capital of Alcatel-Lucent on a fully diluted basis upon completion of the public exchange offer, receipt of other regulatory approvals and other customary conditions. The transaction is expected to close in the first half of 2016.
10:11 EDTMSFTMicrosoft aligns engineering team, Chief Insights Officer to leave
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09:46 EDTMSFTJefferies to hold company meetings at E3 Expo
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