New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 15, 2014
05:44 EDTGOOG, NVSNovartis to license Google 'smart lens' technology
Novartis (NVS) announced that its eye care division Alcon has entered into an agreement with a division of Google (GOOG) to in-license its "smart lens" technology for all ocular medical uses. The agreement with Google[x], a team within Google that is devoted to finding new solutions to big global problems, provides Alcon with the opportunity to develop and commercialize Google's "smart lens" technology with the potential to transform eye care and further enhance Alcon's pipeline and global leadership in contact lenses and intraocular lenses. The transaction remains subject to anti-trust approvals. The agreement between Google and Alcon represents an important step for Novartis, across all of its divisions, to leverage technology to manage human diseases and conditions. Google's key advances in the miniaturization of electronics complement Novartis's deep pharmaceuticals and medical device expertise. Novartis aims to enhance the ways in which diseases are mapped within the body and ultimately prevented.
News For NVS;GOOG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 >>
August 20, 2015
12:56 EDTGOOGSmall drones bringing air traffic problems in U.S., Washington Post reports
Subscribe for More Information
07:06 EDTGOOGGoogle loses some user data due to Belgium lightning strike, BBC News reports
Google has lost some data due to a lightning strike in Belgium, BBC News reports. While lightning did not strike the company's data center, the local power grid was struck by lightning four times, and some users' data has been permanently lost as a result. Reference Link
05:56 EDTGOOGGoogle Express to shut down two California delivery hubs, Re/code says
Subscribe for More Information
05:29 EDTNVSNovartis Odomzo gains EU approval for laBCC
Subscribe for More Information
August 19, 2015
13:13 EDTGOOGGoogle says to open YouTube production space in Mumbai 'soon'
Subscribe for More Information
10:42 EDTGOOGAnalyst increases Google price target by $265, upgrades to buy
Research firm Atlantic Equities upgraded Google (GOOG, GOOGL) to Overweight from Market Weight, saying that it is more upbeat on the company's search business, while YouTube is becoming a major growth driver. Additionally, the search giant's margins look poised to improve, the firm stated. Overweight is Atlantic's equivalent of a buy rating. WHAT'S NEW: Google's second quarter results showed that its search business is weathering the transition to mobile better than expected, Atlantic Equities analyst James Cordwell stated in a note to investors today. Meanwhile, YouTube's revenue, despite growing very quickly, can rise even further since it still accounts for just roughly 5% of global TV viewing outside of China, according to Cordwell. Additionally, the movement of ad dollars from conventional TV to online TV looks set to accelerate, the analyst believes. Furthermore, Google is undertaking initiatives that should cause the amount of money it obtains from each mobile click to rise, the analyst believes. Commenting on the outlook for Google's margins, Cordwell believes that they should be boosted by the cost cuts being undertaken by the company's new CFO. The analyst raised his price target on the company's Class A shares to $825 from $560. PRICE ACTION: In mid-morning trading, Google's common stock rose $2.60 to $658.73 and its Class A shares rose $2.70 to $691.43.
10:00 EDTGOOGOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:53 EDTGOOGDeutsche Telekom exec calls for internet firms to subsidize online ads, FT says
Deutsche Telekom (DTEGY) senior vice president of technology strategy, governance, and programs Tomasz Gerszberg has called for internet companies such as Google (GOOG) and Facebook (FB) to subsidize users' mobile subscriptions due to the new way advertising takes over data allowances, the Financial Times reports, citing an article Gerszberg wrote on LinkedIn. The Deutsche Telekom executive said that consumers need to be protected from rising data charges related to "annoying" online ads, the report says. Reference Link
06:25 EDTGOOGGoogle upgraded to Overweight from Neutral at Atlantic Equities
Atlantic Equities analyst James Cordwell upgraded Google (GOOG, GOOGL) to Overweight and raised his price target for shares to $825 from $560. The search giant closed yesterday down $5.38 to $688.73. Google's YouTube unit "continues to grow very rapidly," while the revenue growth of Google Websites suggests the company is navigating the mobile transition on search better than expected, Cordwell tells investors in a research note. Further, a greater focus on costs by the new CFO is driving improved profitability, a trend that should continue, the analyst argues. Cordwell expects continued outperformance of Google shares.
05:56 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
Subscribe for More Information
August 18, 2015
15:25 EDTGOOGGoogle introduces OnHub router
In a post to its official blog, Google said "While we count on Wi-Fi more than ever to be entertained, productive, and stay connected, we're streaming and sharing in new ways our old routers were never built to handle. So today, with our partner TP-LINK, we're launching OnHub, a different kind of router for a new way to Wi-Fi. Instead of headaches and spotty connections, OnHub gives you Wi-Fi that's fast, secure, and easy to use." Reference Link
09:19 EDTNVSPiper Jaffray biopharma analyst holds an analyst/industry conference call
Subscribe for More Information
06:02 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
Subscribe for More Information
August 17, 2015
19:54 EDTGOOGComcast online video platform to give creators 70% share of ad revenue, WSJ says
Subscribe for More Information
19:00 EDTGOOGGoogle targets 2016 U.S. launch for modular smartphone project
Subscribe for More Information
16:14 EDTGOOGParkway Properties signs deal to bring Google Fiber to certain properties
Subscribe for More Information
13:30 EDTNVSOn The Fly: Top stock stories at midday
Stocks began the session deep in negative territory after a disappointing Empire Manufacturing report. The data got the market off to a weak start as optimism over last week's finish began to fade. The averages continued to drift in a narrow range for the opening hour before reversing and capturing the opening losses. Each of the major equity indices is now back in positive territory sporting slight gains across the board. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing index plunged to -14.92 in August after rebounding to 3.86 in July from June's -1.98. The consensus estimate was 4.75, and the surprising drop puts the index at its lowest point since April 2009. The employment component slid to 1.82, while new orders crashed to -15.70. Meanwhile, the U.S. NAHB homebuilder sentiment index rose to 61 in August from 60 in June and and is the highest since November 2005. The single family sales index edged up to 66 versus a revised 65 last month, while the index of prospective buyer traffic improved to 45 versus 43 previously. In Europe, various Eurozone parliaments prepare to vote on Greece's new EUR86B bailout plan this week. COMPANY NEWS: Liberty Interactive (QVCA) announced this morning an agreement to acquire zulily (ZU) for $18.75 per share in a deal valuing the online shopping site at $2.4B, driving zulily shares up more than 47% in intraday trading. The acquisition will be attributed to Liberty's QVC Group tracking stock, though QVC and zulily will be operated as separate consumer facing brands. On a conference call discussing the acquisition, Liberty Interactive executives noted that the "highly efficient" deal will allow Liberty to reach a younger base. MAJOR MOVERS: Among the notable gainers AVEO Oncology (AVEO), which rose roughly 50% after announcing a license agreement with Novartis (NVS) for the development and commercialization of AVEO's AV-380 drug and related antibodies. Also higher was Kite Pharma (KITE), which advanced roughly 5.4% after clarifying that an earlier patient death in its Phase 1/2 KTE-C19 trial for non-Hodgkin's lymphoma was unrelated to Kite's therapy. Additionally, shares of Target (TGT) have gained roughly 10c despite lingering in negative territory early Monday after the company promoted CFO John Mulligan to the newly created role of EVP and COO and appointed Cathy Smith as EVP and CFO. Prior to joining Target, Smith served as EVP and CFO at St. Louis-based Express Scripts (ESRX). Among the noteworthy losers was KKR (KKR), which lost roughly 2.4% after Samson Resources announced a restructuring agreement late Friday, adding that it expects to file for bankruptcy within 30 days. Also lower was Estee Lauder (EL), which declined nearly 6.5% after its quarterly guidance missed analysts' estimates. INDEXES: Near midday, The Dow was up 65.11, or 0.37%, to 17,542.51, the Nasdaq gained 34.73, or 0.69%, to 5,082.96, and the S&P 500 advanced 8.80, or 0.42%, to 2,101.03.
12:42 EDTGOOGGoogle says testing Project Sunroof
Subscribe for More Information
06:03 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
Stocks with implied volatility below IV index mean; Keurig Green Mountain (GMCR) 38, Google (GOOG) 23 according to iVolatility.
06:01 EDTNVSAVEO Oncology announces license agreement with Novartis
Subscribe for More Information
1 | 2 | 3 | 4 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use