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Stock Market & Financial Investment News

News Breaks
February 1, 2013
18:58 EDTJCOM, NWSANews Corp. to sell IGN gaming unit to J2's Ziff Davis, AllThingsD says
News Corp. (NWSA) is close to completing a sale of its gaming unit, IGN, to Ziff Davis, which is owned by J2 Global (JCOM), according to an AllThingsD report that cites sources close to the situation. The report says News Corp. bought IGN for $650M in 2005, and that this transaction is "considerably lower." Reference Link
News For NWSA;JCOM From The Last 14 Days
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February 12, 2016
17:45 EDTNWSAMove, Inc. responds to Zillow CEO's comment on CNBC
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February 11, 2016
12:27 EDTJCOMOn The Fly: Top stock stories at midday
U.S. stocks are having another awful session as markets around the world continue to slide. The culprits are many: the prospects of slower global growth, the diminished power of central banks to prop up the markets, lower oil prices, renewed concern over the European banking system and the deleterious effect of negative interest rates are all being pointed to as contributors. Adding another dagger to the Dow is the slide in Boeing (BA), which is down nearly 10% following a report that the SEC is looking into its accounting practices. The Dow is leading the market lower with losses of about 2%, but the Nasdaq and S&P are sharply lower as well. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped to 269,000 last week, versus expectations for 280,000 first-time claims. Federal Reserve Chair Janet Yellen is back on Capitol Hill this morning, this time in front of the Senate after giving testimony yesterday to members of the House of Representatives. In her testimony yesterday, Yellen said she was not certain whether she had the legal authority to cut rates into negative territory. However, other central banks around the world have recently been doing just that, with Sweden's Riksbank the latest. Sweden's central bank surprised analysts by cutting its main repo rate to minus 0.5% from minus 0.35%. In Asia, Hong Kong markets re-opened after being closed in the first three days of the week for the New Year holiday and closed deeply in the red, catching up with recent global stock weakness. COMPANY NEWS: Shares of Cisco (CSCO) advanced 9% after the company beat expectations for both sales and earnings, raised its dividend by 24% and approved a $15B increase to its stock repurchase program. The stock was virtually the only bright spot for the Dow, which saw almost every other bluechip member slide, led by laggard Boeing after Bloomberg said the SEC may investigate its accounting and projections for its 787 Dreamliner and the 747 programs... The shares of Twitter (TWTR) are falling and hit a new 52-week low earlier in the session after the company reported that its user base was flat last quarter. Research firm Pacific Crest responded to the news by downgrading the stock, with analyst Evan Wilson saying the stock may fall to as low as $11 per share as the "hope trade" ends... Tesla (TSLA) unexpectedly reported sharp losses for its fourth quarter, but its stock rallied 7% after the electric carmaker also projected that it will deliver 80,000-90,000 vehicles in 2016. MAJOR MOVERS: Among the noteworthy gainers was Expedia (EXPE), which rallied 10% following the company's Q4 earnings report. Also higher were j2 Global (JCOM) and TripAdvisor (TRIP), which gained 16% and 17.5%, respectively, after reporting quarterly earnings. Among the notable losers was Mylan (MYL), which fell 18% after it reported quarterly earnings and announced it would buy Meda Aktiebolag for $9.9B. Also lower were Incyte (INCY), which fell 18.5% after the company reported earnings and said it was discontinuing studies of ruxolitinib for pancreatic cancer. Avon Products (AVP) and Monster Worldwide (MWW), slid 14% and 31%, respectively, after their own quarterly reports. INDEXES: Near midday, the Dow was down 351.43, or 2.21%, to 15,563.31, the Nasdaq was down 54.49, or 1.27%, to 4,229.10, and the S&P 500 was down 33.49, or 1.81%, to 1,818.37.
05:54 EDTNWSAStoryful's Aine Kerr to manage journalism partnerships at Facebook
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February 10, 2016
19:11 EDTNWSAYahoo layoffs begin, CEO Mayer not making sale process easy, Re/code says
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16:24 EDTJCOMj2 Global extends share repurchase plan by one year
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16:23 EDTJCOMj2 Global raises quarterly dividend to 32.5c per share
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16:23 EDTJCOMj2 Global sees FY16 adjusted EPS $4.70-$5.00, consensus $4.79
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16:22 EDTJCOMj2 Global reports Q4 adjusted EPS $1.29, consensus $1.17
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February 5, 2016
09:31 EDTNWSA, NWSANews Corp. upgraded to Buy from Outperform at CLSA
February 4, 2016
16:12 EDTNWSANews Corp. reports Q2 Digital Real Estate Services revenue up 35% to $208M
Reports "robust traffic" at realtor.com. Reports News and Information Services revenue down 8% to $1.4B. Reports Book Publishing revenue down 5% to $446M. Reports Cable Network Programming revenue down 5% to $106M.
16:10 EDTNWSANews Corp. says print advertising challenged, developing new ad products
"In our News and Information Services segment, print advertising remained challenged, but we are seeing growth in digital advertising and circulation revenues. We are particularly focused on cost reductions and sharing services around News Corp. to streamline operations at the newspapers in Australia and the U.K. Unruly, the viral digital advertising company acquired late last year, has been swiftly integrated into many of our companies, bringing cutting-edge metrics and a savvy social sensibility. We are developing advertising products for clients keen to benefit from the rise of video and mobile... Macro-economic conditions in most of our markets have not been auspicious," remarked News Corp.
16:08 EDTNWSANews Corp. reports Q2 adjusted EPS 20c, consensus 21c
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14:35 EDTNWSANotable companies reporting after market close
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06:28 EDTNWSANews Corp not interested in Yahoo acquisition, Business Insider says
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February 1, 2016
08:20 EDTNWSATwitter jumps after The Information breaks potential deal
Shares of Twitter (TWTR) are rising in pre-market trading after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen and have "considered some sort of deal" for the microblog service operator. WHAT'S NOTABLE: Lessin said in her report published on her site, The Information, that she did not know if deal considerations are "active" now with Andreessen and private equity firm Silver Lake. Silver Lake calls itself "the global leader in technology investing," stating that it has over $26B in combined assets under management. FREQUENT SPECULATION TARGET: Twitter has often been the subject of takeover rumors in the past year. Last April, Re/code's Kurt Wagner reported that Google (GOOG) and Facebook (FB) had looked at a potential acquisition of Twitter in the past, but noted at that time that neither tech giant was in discussions to acquire the social network owner. On January 20, News Corp. (NWSA) declined comment to CNBC regarding speculation about its potential interest in acquiring Twitter. Speculation also circulated the same day regarding an activist investor taking an interest in Twitter, trading sources told The Fly. PRICE ACTION: In pre-market trading near 8:15 am ET, Twitter rose 7% to $18 per share.

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