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Stock Market & Financial Investment News

News Breaks
May 16, 2014
10:40 EDTRHT, HPQ, CSCO, VMW, GOOG, RAX, EMC, AMZNCisco, Amazon seen as potential acquirers of Rackspace
Several analysts issued upbeat notes to investors on Rackspace (RAX) after the company, which provides cloud computing services, last night announced that it had been approached by a number of other companies that expressed interest in exploring strategic relationships, including partnerships and acquisitions. Rackspace disclosed it had hired Morgan Stanley (MS) to evaluate the proposals and explore other alternatives. ANALYST OPINION: 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. These companies could use Rackspace to expand their cloud offerings, according to the firm, which thinks Rackspace would likely be worth more than $47 per share in a potential deal. Meanwhile, Piper Jaffray said in its own note that the list of potential buyers for Rackspace is "extensive" and includes Cisco, Google (GOOG), Amazon.com (AMZN), EMC (EMC), VMware (VMW) and Red Hat (RHT). Piper believes takeout speculation, coupled with improving fundamentals, limits downside risk in Red Hat shares and the firm keeps an Overweight rating on the stock after the company confirmed being approached by multiple parties. Also upbeat was JMP Securities analyst Patrick Walravens, who recommended investors buy Rackspace shares. The company's business is poised to accelerate, and it could attract interest from multiple bidders, Walravens contended, adding that the stock is "significantly undervalued" and could more than double from current levels. The analyst kept a $67 price target and Outperform rating on the shares. PRICE ACTION: In early trading, Rackspace climbed over 19% to $36.53.
News For RAX;CSCO;AMZN;GOOG;HPQ;EMC;VMW;RHT From The Last 14 Days
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April 14, 2015
11:01 EDTGOOGFrance may push for Google to reveal secret algorithm, Financial Times says
France is considering forcing Google to hand over its secret formula for ranking websites, reports the Financial Times. The French senate will likely pass a law this week that would allow the country's national telecoms regulator to monitor the algorithms. Reference Link
10:51 EDTGOOGGoogle to sell mobile phone plans directly to customers, The Information reports
Google (GOOG) is looking to sell mobile phone plans directly to customers while managing their calls and mobile data over a cellular network, reports The Information. According to people with knowledge of the plans, the new service is expected to run on Sprint (S) and T-Mobile (TMUS) networks. Google expected to reach deals to buy wholesale across to those carriers' networks. A launch this year seems likely. Reference Link
10:50 EDTCSCOOptions with increasing implied volatility
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09:35 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
07:47 EDTHPQHP announces new $190M Medicaid contract in Arkansas
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07:44 EDTAMZNBaird survey suggests accelerating growth trends for Amazon.com
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07:20 EDTAMZNAmazon.com price target raised to $465 from $400 at Jefferies
Jefferies raised its price target for Amazon.com shares to $465 from $400 after analyzing the retailing giant's fulfillment capabilities. The firm believes Amazon's fulfillment strategy will drive revenue growth acceleration in the medium to longer-term and margin improvement with scale. It views Amazon's fulfillment initiatives as part of a "bigger, multi-faceted strategy focused on better customer segmentation and category leadership." Jefferies keeps a Buy rating on the name. Shares of Amazon closed yesterday down 29c to $382.36.
06:20 EDTAMZNAmazon, HarperCollins reach agreement on publishing pact, WSJ reports
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06:08 EDTGOOGAccess to Google's Malaysia website disrupted for some, WSJ reports
Some Google users in Malaysia had their access to the website interrupted on Tuesday, with some redirected to a website saying "Google Malaysia Hacked," The Wall Street Journal reports. A Google spokesperson commented that services like Gmail were not affected and said that "We’re aware that some users are having trouble connecting to google.com.my, or are being directed to a different website. We’ve reached out to the organization responsible for managing this domain name and hope to have the issue resolved shortly." Reference Link
05:56 EDTCSCOStocks with implied volatility movement; CSCO MAC
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April 13, 2015
19:52 EDTGOOGLeaked Google app reveals potential cell network features, Android Police says
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19:43 EDTHPQHP reaffirms commitment to the public cloud
In a blog post on HP's website, senior VP Bill Hilf said, "In the past week, a quote of mine in the media was interpreted as HP is exiting the public cloud, which is not the case." Reference Link
17:17 EDTAMZNAmazon Prime membership now includes ad-free internet radio service
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16:01 EDTAMZNOptions Update; April 13, 2015
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09:27 EDTAMZNAmazon says X-Ray coming to Fire TV, Fire TV Stick
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09:03 EDTAMZNeBay SSS grew 7.3%, Amazon SSS up 24.6% in March, ChannelAdvisor says
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08:14 EDTGOOGSolarCity announces partnership with Nest Labs
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07:31 EDTCSCOHealthcare Information & Management Systems Society to hold a conference
HIMSS 2015 is being held in Chicago on April 12-16.
07:08 EDTEMCSources: Symantec exploring Veritas sale 'for months,' Reuters reports
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06:44 EDTGOOGEU could announce formal charges against Google, NY Times says
The EU's new antitrust commissioner, Margrethe Vestager, is making her first trip to Washington, causing some to speculate that she could announce formal charges against Google, according to The New York Times. Such an announcement could increase pressure on Google to settle the case, but Vestager could also recommend further study of the case or give the company a last opportunity to settle before filing formal charges, the newspaper stated. Reference Link
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