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Stock Market & Financial Investment News

News Breaks
February 26, 2013
05:56 EDTGPS, MSFT, VOD, GE, RDS.AIndia wants foreign companies to pay more taxes, WSJ reports
In a move by India that threatens to upset foreign companies when the country badly needs investment, tax authorities are seeking billions of dollars from some of the world's biggest multinational companies, saying that they haven't properly valued transactions with their Indian subsidiaries, reports the Wall Street Journal. The move is creating friction between tax authorities in India and the U.S. Reference Link
News For A;VOD;GPS;GE;MSFT From The Last 14 Days
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August 21, 2015
12:18 EDTMSFTMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
10:37 EDTMSFTAnalysts upbeat on HP ahead of split after earnings beat
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06:01 EDTMSFTABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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06:01 EDTMSFTInterDigital sued by Microsoft for violating antitrust law, Reuters reports
Microsoft (MSFT) has filed a lawsuit against InterDigital (IDCC), accusing the company of violating U.S. antitrust law by unfairly licensing its technology, Reuters reports. The suit, filed in federal court in Wilmington, Delaware, is the latest move in the companies' fight over patent licensing. The ITC is set to rule this month on whether Microsoft's smartphones infringe two of InterDigital patents and should be banned from being imported into the U.S. Reference Link
August 20, 2015
18:13 EDTGPSGap says FY16 currency headwinds may be the same as FY15
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17:03 EDTGPSGap sees Q3-end inventory dollars per store down slightly year-over-year
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17:02 EDTGPSGap sees FY15 net new company-operated stores about flat
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16:05 EDTGPSGap backs FY15 EPS view of $2.75-$2.80, consensus $2.73
Gap reaffirmed its full-year EPS guidance to be in the range of $2.75-$2.80 for FY15, excluding the negative impact associated with the strategic actions. The company updated its estimate of the charges associated with the strategic actions to approximately $130M-$140M, from the previously announced range of $140M-$160M. This guidance is provided to enhance visibility into the company's expectations regarding its ongoing business, excluding the strategic actions. Gap continues to expect operating margin, excluding the impact associated with the strategic actions, to be down about 1 percentage point in FY15 compared with FY14.
16:03 EDTGPSGap reports Q2 SSS down 2%
Comparable sales by global brand for Q2 were as follows: Gap Global: negative 6% versus negative 5% last year; Banana Republic Global: negative 4% versus flat last year; Old Navy Global: positive 3% versus positive 4% last year.
16:01 EDTGPSGap reports Q2 EPS ex-items 64c, consensus 64c
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14:42 EDTGPSNotable companies reporting after market close
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14:37 EDTGPSGap technical comments ahead of earnings
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13:31 EDTMSFTMicrosoft could unveil Surface Pro 4 at October event, The Verge reports
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12:32 EDTMSFTEarnings Watch: Salesforce shares up fractionally since last earnings report
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08:02 EDTMSFTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
08:01 EDTGEGE to provide CESP with 30MW battery energy storage system
GE announced it will provide Coachella Energy Storage Partners with a 30-MW battery energy storage system as part of CESP's supply contract with the Imperial Irrigation District. Representing GE's largest energy storage project to date, the plant will be located in California's Imperial Valley, approximately 100 miles east of San Diego. The facility will aid grid flexibility and increase reliability on the IID network by providing solar ramping, frequency regulation, power balancing and black start capability for an adjacent gas turbine. GE will provide CESP with an integrated energy storage solution, configured using GE's Mark* VI plant controls, GE Brilliance MW inverters, GE Prolec transformers, medium-voltage switchgear and advanced lithium ion batteries housed in a GE purpose-built enclosure. The plant will be operated by ZGlobal, an engineering collaborator with CESP, for the first 18 months, after which control will transfer to the IID. The deal marks GE's third project using lithium ion battery technology since expanding its portfolio in recent months. GE anticipates project construction will begin early next year, with commercial operation scheduled for the third quarter of 2016.
August 19, 2015
09:45 EDTMSFTMicrosoft dividend raise likely to be modest, says Citi
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08:05 EDTGEGE Capital unit selected by Bush Hog for financing solutions
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07:34 EDTGPSGap August volatility elevated into Q2 and outlook
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06:45 EDTMSFTMicrosoft in talks to buy Mesophere, The Information reports
Microsoft has made an approach to Mesophere to buy the cloud-computing software startup, The Information reports, citing two sources briefed on the talks. A deal that could be worth about $1B, the report says. Reference Link
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