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Stock Market & Financial Investment News

News Breaks
May 16, 2014
13:18 EDTVMW, CHK, DRI, RAX, ARCP, EMC, JWN, CSCO, RHT, GOOG, JCP, AMZNOn The Fly: Midday Wrap
Stocks on Wall Street were slightly lower at midday as the market looks set to end the week on a low note and extend its two day losing streak. The major averages opened relatively quietly with options ready to expire and have remained in a narrow range throughout the morning part of the session. The market barely reacted to the day’s economic data, which included housing starts and permits that were well above expectations. The first readout of the University of Michigan consumer confidence index for the month, however, was below expectations. ECONOMIC EVENTS: In the U.S., housing starts rose 13.2% to a 1.07M unit pace in April, which was well above expectations. The number of building permits issued also beat the consensus forecast, rising 8% to a pace of 1.08M. The University of Michigan consumer confidence index fell to 81.8 in the first May release, falling short of expectations for a modest rise to 84.3. COMPANY NEWS: Shares of Rackspace (RAX) surged 20% higher after the cloud computing company disclosed last night that it had been approached by a number of other companies that expressed interest in exploring strategic relationships and that it had hired Morgan Stanley (MS) to help evaluate the proposals and explore its options. In a note to investors earlier today, Credit Suisse wrote that Rackspace's cloud offerings would be attractive to multiple companies, including Cisco (CSCO), Hewlett-Packard (HPQ), and Dell. Piper Jaffray said in its own note that the list of potential buyers for Rackspace is "extensive," also listing Cisco, but adding Google (GOOG), Amazon.com (AMZN), EMC (EMC), VMware (VMW) and Red Hat (RHT) as other potential suitors. MAJOR MOVERS: Among the notable gainers was Nordstrom (JWN), which was up nearly 13% after the company reported first quarter earnings per share that exceeded expectations and said it will seek a partner for credit card receivables. Also rising following its better than expected quarterly sales report was another retailer, J.C. Penney (JCP), whose shares rose 14%. Among the noteworthy losers was Chesapeake Energy (CHK), which fell almost 5% after announcing that it will spin off its Oilfield Services business, among other asset moves, and lowered its FY14 production, operating cash flow and dividend payments outlooks. Also lower were shares of restaurant operator Darden (DRI), which slipped 4% after agreeing to sell its Red Lobster business and certain other assets, such as real estate, to Golden Gate Capital for $2.1B in cash. American Realty (ARCP) then announced an approximate $1.5B sale-leaseback transaction for over 500 Red Lobster restaurant properties to be completed in conjunction with Golden Gate Capital's acquisition. INDEXES: Near midday, the Dow was down 17.40, or 0.11%, to 16,429.41, the Nasdaq was down 13.31, or 0.33%, to 4,055.99, and the S&P 500 was down 1.85, or 0.1%, to 1,869.00.
News For RAX;AMZN;CSCO;DRI;JCP;JWN;CHK;GOOG;EMC;VMW;RHT;ARCP From The Last 14 Days
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April 7, 2015
07:03 EDTGOOGCyrusOne announces direct connectivity to Google Cloud Platform
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06:46 EDTGOOGApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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06:25 EDTGOOGGroups urge authorities to probe YouTube app, Reuters says
Advocacy groups say they will urge federal regulators to probe a video app for Google's YouTube, according to Reuters. Aimed at children, the app deceptively blends video programming and ads, the news service quoted the groups as saying. Reference Link
06:21 EDTGOOGGoogle Ventures leading $12M investment in CoreOS, Business Insider reports
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06:00 EDTGOOGTurkey restores access to YouTube, Twitter, Facebook, FT reports
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April 6, 2015
19:42 EDTGOOGSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
16:00 EDTAMZNOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
11:11 EDTARCPOptions with decreasing implied volatility
Options with decreasing implied volatility: BDSI CONN HLSS CTRX DANG ARCP KMX MAC
10:02 EDTVMWOn The Fly: Analyst Upgrade Summary
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09:56 EDTGOOGGoogle in talks with Hutchison for cheaper overseas calls, Telegraph reports
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09:36 EDTGOOGActive equity options trading on open
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09:25 EDTAMZNeBay threatened by merchant satisfaction with Amazon, Bloomberg says
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06:35 EDTVMWVMware upgraded to Buy from Neutral at Nomura
Nomura upgraded VMware to Buy with a $95 price target following favorable survey results. The firm's Q1 survey came in slightly ahead of plan and believes the Street is too cautious on shares, which could serve as a positive catalyst for shares. Separately, Nomura said the upcoming end of Windows Server 2003 in July could be an incremental catalyst as replacement servers will likely be virtualized.
06:32 EDTGOOGGoogle Ventures-backed Buttercoin to shut down
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06:07 EDTCSCOSpherix issues update on several matters
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06:00 EDTAMZNIndian railways may tie up with Amazon for parcels, Economic Times says
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05:54 EDTGOOGYouTube planning advertising campaign aimed at Canada, Globe and Mail says
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05:43 EDTVMWVMware upgraded to Buy from Neutral at Nomura
April 5, 2015
16:56 EDTGOOG, AMZNEU considers major probe into Internet platforms, WSJ says
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14:32 EDTGOOGAntitrust suit against Google over Android app limits dropped, Reuters says
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