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Stock Market & Financial Investment News

News Breaks
May 15, 2014
10:52 EDTPHG, NTDOYPhilips sues Nintendo over motion patents, AP reports
Philips (PHG) is filing a patent infringement lawsuit against Nintendo (NTDOY) over the Wii remote, reports the Associated Press. Philips spokesman Bjorn Teuwsen said the companies had been in negotiations over a possible licensing agreement since 2011, but could not come to any agreement. Reference Link
News For NTDOY;PHG From The Last 14 Days
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March 24, 2015
10:01 EDTNTDOYOn The Fly: Analyst Upgrade Summary
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08:02 EDTPHGPhilips announces joint development agreement with Mt. Sinai Health System
Philips announced a joint development agreement with the Mount Sinai Health System, an integrated health system in New York, to create a state-of-the-art digital image repository of patient tissue samples and innovative data analytics to pursue the discovery of new tissue-based tests and unlock pathology data. The collaboration aims to advance clinical research and ultimately enable better care for complex diseases, including cancer.
07:04 EDTNTDOYNintendo upgraded to Neutral from Underweight at JPMorgan
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March 23, 2015
08:01 EDTPHGBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
March 20, 2015
10:00 EDTNTDOYOn The Fly: Analyst Upgrade Summary
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05:58 EDTNTDOYNintendo upgraded to Buy from Hold at Deutsche Bank
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March 19, 2015
15:46 EDTPHGKKR, CVC near deal for majority of Philips lighting unit, Bloomberg says
Private equity firms KKR (KKR) and CVC Capital Partners are nearing a deal that could be announced as soon as next week to buy 80% of Philips' (PHG) lighting components unit, with Philips retaining the remaining stake, reported Bloomberg, citing people with knowledge of the matter. The firms' bid values the whole of the business at about $2.7B, the sources told Bloomberg. Reference Link
15:19 EDTPHGKKR, CVC near bid for 80% of Philips lighting components unit, Bloomberg says
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08:05 EDTPHGPhilips and Inspirata partner for digital pathology solution development
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06:10 EDTPHGPhilips planning to spin off lighting business in IPO in 1H16, WSJ reports
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March 18, 2015
10:00 EDTNTDOYOn The Fly: Analyst Upgrade Summary
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07:23 EDTNTDOYNintendo upgraded to Buy from Hold at Jefferies
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March 17, 2015
09:38 EDTNTDOYNext Nintendo console in development, reveal coming in 2016, Tech Crunch says
Nintendo's next game console will be named "NX" and is currently in development with a "brand new concept," reports Tech Crunch, citing statements by CEO Satoru Iwata at a press conference. Iwata said more information will be made available next year, which Tech Crunch notes may indicate a reveal at the next E3 game expo. Tech Crunch also notes that a 2016 reveal would signify a relatively fast "update cycle" to its current Wii U console. Reference Link
06:21 EDTNTDOYNintendo to develop smartphone games with DeNA
Nintendo and DeNA Co., Ltd. entered into a business and capital alliance to develop and operate new game apps for smart devices and build a new multi-device membership service for consumers worldwide. Leveraging the strength of Nintendo’s intellectual property and game development skills in combination with DeNA’s world-class expertise in mobile games, both companies will develop and operate new game apps based on Nintendo’s IP, including its iconic game characters, for smart devices. The alliance is intended to complement Nintendo’s dedicated video game systems business and extend Nintendo’s reach into the vast market of smart device users worldwide. To ensure the quality of game experience that consumers expect from this alliance of Nintendo and DeNA, only new original games optimized for smart device functionality will be created, rather than porting games created specifically for the Wii U home console or the Nintendo 3DS portable system. Nintendo and DeNA also plan to develop an online membership service that is accessible from smart devices, PC and Nintendo systems, such as the Nintendo 3DS portable system and the Wii U home console. The membership service, which is targeted to launch in the fall of 2015, will be built on DeNA’s extensive experience and capabilities in online membership services.As part of the long-term relationship and commitment by each company, Nintendo and DeNA have also agreed to form a capital alliance. Under the capital alliance, Nintendo will acquire 15,081,000 of DeNA’s treasury shares, which corresponds to 10% of its total outstanding stock, for a total of approximately Y22B. DeNA will simultaneously acquire 1,759,400 of Nintendo’s treasury shares, which corresponds to 1.24% of its outstanding stock, for a total of approximately Y22B. The payment is due April 2.
March 16, 2015
07:25 EDTPHGChinese consortium enters Philips auction, Reuters says
A consortium consisting of Lattice Power, GSR Ventures, and Temasek has placed a last-minute bid in the auction for Philips' (PHG) lighting components business, reports Reuters, citing two sources familiar with the matter. The sources also said the CVC and KKR (KKR) consortium tabled their potentially leading bid. Philips will enter exclusive talks with the winner early next week. Reference Link

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