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Stock Market & Financial Investment News

News Breaks
September 3, 2013
12:51 EDTTU, CYTK, LF, NOK, MSFT, VZ, VOD, JAH, ALUOn The Fly: Midday Wrap
Investors came back to Wall Street following the long holiday weekend and bought stocks, sending the major averages higher on the first day of trading in September. The market, coming off its worst performing month of the year, reacted to the lack of military action by the U.S. in Syria as well as some better than expected economic data at home and abroad. ECONOMIC EVENTS: In the U.S., Markit's final PMI reading for August came in at 53.1, which missed the expectation for a 54.0 reading. The Institute for Supply Management's manufacturing PMI beat expectations with a rise to a 55.7 two-year high from 55.4 in July. Construction spending in July rose 0.6%, versus expectations for a 0.4% increase. In Europe, Markit's euro-zone manufacturing PMI rose to 51.4 in August from 50.3 in July. In Asia, China’s official PMI rose to 51.0 in August from 50.3 in July, while the HSBC/Markit manufacturing PMI rose to 50.1 from 47.7 in July. China's non-manufacturing PMI held relatively steady at 53.9, compared to 54.1 in the prior month. COMPANY NEWS: Two large merger and acquisition deals were announced as U.S. investors returned from Labor Day, including one that was largely expected and one that was quite unexpected. Verizon (VZ), as had been speculated last week, agreed to buy Vodafone's (VOD) 45% stake in their U.S. joint venture, Verizon Wireless, for $130B. Shares of both trading in New York fell following the announcement. Meanwhile, Microsoft (MSFT) agreed to buy Nokia’s (NOK) mobile phone business and license its patents for $7.2B. Following the deal, no less than five firms raised their rating on Nokia, which advanced about 30% near noon. Microsoft was the worst performing Dow component, falling over 6% after its purchase... In a smaller M&A deal that still involved a well-known brand, consumer products company Jarden (JAH) agreed to buy Yankee Candle Company for $1.75B. MAJOR MOVERS: Among the notable gainers was Alcatel-Lucent (ALU), which rose nearly 11% as some speculated it could be another M&A target following Nokia's deal. Also higher was Canadian wireless company Telus (TU), which rose more than 7% and was upgraded at BMO Capital after Verizon's large deal meant it will not be entering the Canadian wireless market for the time being. Among the noteworthy losers Cytokinetics (CYTK), which fell 23% after announcing a clinical trial of its drug omecamtiv did not hit its primary endpoint. Also lower were shares of educational toymaker LeapFrog (LF), which slid almost 5% after an analyst at BMO Capital Markets said the company's new LeapPad Ultra was disappointing and buggy during tests. INDEXES: Near noon, the Dow was up 11.28, or 0.08%, to 14,821.59; the Nasdaq was up 24.09, or 0.67%, to 3,613.96; and the S&P 500 was up 6.08, or 0.37%, to 1,639.05.
News For NOK;MSFT;VZ;VOD;JAH;ALU;TU;CYTK;LF From The Last 14 Days
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July 15, 2014
12:01 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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11:55 EDTMSFTMicrosoft hits a fresh 52-week high, levels to watch
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09:41 EDTVZU.S. Treasury Secretary Lew to visit Verizon
Treasury Secretary Lew delivers remarks on cybersecurity and highlights the important role of telecommunications companies in supporting the financial system, as well as touring Verizon's facilities in Ashburn, Virginia on July 15 at 3:15 pm.
09:31 EDTMSFTSenate Judiciary Committee to hold a hearing
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09:29 EDTMSFTMicrosoft in talks to buy cybersecurity start-up Aorato, WSJ says
Microsoft is in talks to buy Israel-based cybersecurity start-up Aorato in a deal worth around $200M, according to The Wall Street Journal, citing a person familiar with the matter who noted that the pact could close within the next two months. Reference Link
09:05 EDTMSFTMicrosoft price target raised to $50 from $45 at Nomura
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08:35 EDTMSFTCisco announces multi-year sales, go-to-market agreement with Microsoft
Cisco (CSCO) announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets. The companies will focus on integrating market leading technologies, including Cisco Unified Computing System, Cisco Nexus switching and Microsoft Cloud OS solutions including Windows Server, System Center, SQL Server and Microsoft Azure.
08:03 EDTVZPublic speak out on FCC 'net-neutrality' plan, WSJ says
The Federal Communications Commission's has received more than 677K comments so far from the public on its proposed 'net-neutrality' rules for how broadband providers can treat content traveling over their networks and a random sampling of the input suggests that the agency will have work to do to sell the plan, according to The Wall Street Journal. Companies that provide broadband Internet service include Comcast (CMCSA), AT&T (T), Verizon (VZ) Time Warner Cable (TWC), and Cablevision (CVC). Netflix (NFLX) sends a great deal of content over the Internet and strongly supports net neutrality. Reference Link
07:24 EDTMSFTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
07:23 EDTMSFTFortune to hold a conference
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06:24 EDTMSFT, NOKMicrosoft poised to make job reductions, Bloomberg says
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06:06 EDTMSFTElectronic Arts names Ken Moss as Chief Technology Officer
Electronic Arts (EA) announced on its website that it has named Ken Moss as its Chief Technology Officer. As CTO, Ken will lead the organization, strategy and vision for EA’s Digital Platform and Information Technology divisions. Moss comes to EA most recently from eBay (EBAY), where he led the Marketplace Technology, Science and Data global organization. He is a 20-year veteran of Microsoft (MSFT), where he founded and led the engineering and product teams on Search -- which later became Bing -- and played an important role in Microsoft’s transition to large-scale services. Reference Link
July 14, 2014
14:58 EDTVODKKR mulls sale of German telco Versatel, WSJ says
Private equity firm KKR (KKR) is thinking about selling its German telecommunications company Versatel GmbH, says the Wall Street Journal. If a sale process is initiated it may open the door to bids from UK's Vodafone (VOD) or potentially Telefónica (TEF), added the Wall Street Journal. Reference Link
08:46 EDTMSFTItron selects Microsoft Azure as preferred cloud platform
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08:34 EDTMSFTPC market stability could be short-lived, Reuters says
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08:32 EDTVODSynchronoss acquires Voxmobili for $26M in cash
Synchronoss (SNCR) announced its acquisition of Voxmobili, a wholly owned subsidiary of OnMobile Global. Voxmobili’s customers include AT&T (T), Airtel, Everything Everywhere, France Telecom, Orange (ORAN), T-Mobile (TMUS), and Vodafone (VOD). In consideration for the acquisition, Synchronoss paid approximately $26M in cash to OnMobile Global.
07:48 EDTMSFTQuantum computer company D-Wave may come public, FT says
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06:10 EDTNOKTaiwan touch panel makers see more orders from handset vendors, DigiTimes says
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06:08 EDTMSFTMicrosoft confirms plans to discontinue MapPoint, Streets & Tips
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06:05 EDTMSFTMicrosoft to expand coverage of free Windows licensing, DigiTimes reports
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