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Stock Market & Financial Investment News

News Breaks
March 26, 2014
11:29 EDTRAX, GOOG, AMZNRackspace falls after Google cuts cloud computing price
Shares of Rackspace (RAX), which provides cloud computing services, are falling after Google (GOOG) sharply cut the prices of its competing products. WHAT'S NEW: Google yesterday announced that it was slashing the prices of its cloud computing services by 30%-85%. Companies that provide cloud computing services rent out computer storage space to their customers. Google said that the prices of computer hardware that enables cloud computing services have been dropping much more quickly than cloud computing prices, according to multiple reports. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Gray Powell wrote that the cloud computing services market has become much more competitive. Although investors are likely to view Google's price cuts as being negative for Rackspace, a number of factors mitigate the impact of the price cuts, Powell believes. Specifically, since mid-2013 Rackspace has been able to provide dedicated storage infrastructure to companies that need it, and then convince those companies to upgrade to cloud computing services, the analyst explained. Additionally, Rackspace has better customer support than its competitors, Powell believes. He finds the stock's valuation compelling and kept an Outperform rating on the shares. ANOTHER TO WATC: amazon.com also provides cloud computing services. PRICE ACTION: In late morning trading, Rackspace fell 4% to $32.50.
News For RAX;GOOG;AMZN From The Last 14 Days
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July 10, 2014
06:36 EDTAMZNAmazon e-book plan leaves authors in dilemma, Bloomberg says
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06:26 EDTGOOGTablet quarterly shipments fall for first time to 56M on year, DigiTimes says
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06:13 EDTGOOGGoogle Ventures invests in Europe
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06:09 EDTAMZNAmazon Web Services partners with Cloudian
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05:49 EDTGOOGYelp review growth outpacing Google Plus, says Piper Jaffray
Piper Jaffray says its data shows that despite being a more mature platform, Yelp (YELP) continues to outpace Google Plus (GOOG) in terms of review growth. Yelp reviews over the past month have increased by 3% versus Google's up 2%, Piper says. The firm remains positive on Yelp shares with an Overweight rating and $80 price target.
July 9, 2014
18:10 EDTRAXHP sources deny bid made for Rackspace, Re/code reports
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16:13 EDTGOOGZynga appoints Google executive Dugan to board
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16:01 EDTAMZN, GOOGOptions Update; July 9, 2014
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15:20 EDTRAXRackspace mentioned positively at Cowen
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15:06 EDTGOOGGoogle, Canon, SAP among members of new cooperative patent-licensing group
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14:45 EDTGOOGTime Warner says no truth to rumor of M&A talks with Google, WSJ reporter says
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13:44 EDTAMZNNetflix wins video on demand rights to 'Zoo' series, Variety reports
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12:52 EDTGOOGGasparino says hearing 'buzz' of Google buying Time Warner
Charles Gasparino of Fox Business tweeted ahead of the Sun Valley conference, "I'm now hearing more Google buying time warner buzz than any other company will advise once I get to #sunvalley." Shares of Time Warner are at their highs of the day, up 81c to $71.56.
11:00 EDTGOOG, AMZNWells says VMware growth could slow, downgrades shares
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09:35 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA FB AMZN TSLA TWTR MU NFLX GG CELG
08:31 EDTAMZN, GOOGVMware CEO sees EMC helping it remain independent, WSJ reports
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06:59 EDTGOOGYelp formally opposed the EU's antitrust settlement with Google, NY Times says
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06:34 EDTGOOGFake document hits federal court in hiring case against tech giants, WSJ says
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06:31 EDTGOOGFTC may probe Google over child app purchases, Politico says
After the Federal Trade Commission cracked down on apps previously available on Apple (AAPL) devices that let children spend money without their parents' permission, Apple told the FTC that similar apps are available on Google's (GOOG) app store, according to Politico. As a result, the FTC may investigate Google over this issue, Politico stated. Reference Link
06:24 EDTGOOG, AMZNGoogle Cloud Storage offering 2 TB of free storage through partner, WSJ reports
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