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Stock Market & Financial Investment News

News Breaks
April 29, 2013
04:55 EDTRHT, RHT, ADBE, ADBE, NFLX, NFLX, FORR, FORR, FB, FB, COWN, COWN, CTXS, CTXS, HPQ, HPQ, IBM, IBM, INTC, INTC, MSFT, MSFTComputerworld to host a conference
Open Business Conference 2013 is being held in San Francisco on April 29-April 30.
News For RHT;INTC;IBM;HPQ;CTXS;COWN;FB;FORR;NFLX;ADBE;MSFT From The Last 14 Days
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July 17, 2014
12:07 EDTIBMIBM technical comments ahead of earnings
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10:14 EDTFBFacebook view changed to Positive from Neutral at OTR Global (pre-open)
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09:40 EDTINTC, MSFT, FBActive equity options trading on open
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09:31 EDTNFLXNetflix, Disney announce multi-year pay TV window agreement in Canada
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09:15 EDTMSFTOn The Fly: Pre-market Movers
HIGHER: Dresser-Rand (DRC), up 15.5% after Manager Magazin says Siemens (SIEGY) preparing bid for the company. Other oil equipment companies with a market cap similar to Dresser-Rand's include Dril-Quip (DRQ) and Oil States (OIS)... Microsoft (MSFT), up 3.4% after announcing restructuring, including plans to cut up to 18K jobs. UP AFTER EARNINGS: Morgan Stanley (MS) up 1.5%... Sherwin-Williams (SHW), up 3%. DOWN AFTER EARNINGS: Mattel (MAT), down 7.3%... Sandisk (SNDK), down 7%... Yum! Brands (YUM), down 2.5%. LOWER: Orbitz (OWW), down 3% after results, 34M share spot secondary offering of stock priced at $8.25... Benefitfocus (BNFT), down 1% after 2.5M share Secondary priced at $38.50.
08:39 EDTMSFTMicrosoft shifting some Nokia X designs to Lumia products running Windows
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08:25 EDTMSFTMicrosoft CEO says plans to have fewer layers of management
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08:25 EDTMSFTMicrosoft CEO says decision to change "difficult, but necesary"
In am email to Microsoft employees on the integration of Nokia Devices and Services, CEO Satya Nadella said "The first step to building the right organization for our ambitions is to realign our workforce. With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year. Of that total, our work toward synergies and strategic alignment on Nokia Devices and Services is expected to account for about 12,500 jobs, comprising both professional and factory workers. We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months. It’s important to note that while we are eliminating roles in some areas, we are adding roles in certain other strategic areas... Our workforce reductions are mainly driven by two outcomes: work simplification as well as Nokia Devices and Services integration synergies and strategic alignment. First, we will simplify the way we work to drive greater accountability, become more agile and move faster. As part of modernizing our engineering processes the expectations we have from each of our disciplines will change. In addition, we plan to have fewer layers of management, both top down and sideways, to accelerate the flow of information and decision making. This includes flattening organizations and increasing the span of control of people managers... Second, we are working to integrate the Nokia Devices and Services teams into Microsoft. We will realize the synergies to which we committed when we announced the acquisition last September. The first-party phone portfolio will align to Microsoft’s strategic direction. To win in the higher price tiers, we will focus on breakthrough innovation that expresses and enlivens Microsoft’s digital work and digital life experiences. In addition, we plan to shift select Nokia X product designs to become Lumia products running Windows." Reference Link
08:13 EDTMSFTMicrosoft to cut 18K jobs, sees restructuring charge of $1.1B-$1.6B
Microsoft announced a restructuring plan to simplify its operations and align the recently acquired Nokia Devices and Services business with the company's overall strategy. These steps will result in the elimination of up to 18,000 positions over the next year. Of the total, about 12,500 professional and factory positions will be eliminated through synergies and strategic alignment of the Nokia Devices and Services business acquired by Microsoft on April 25. The actions associated with the plan are expected to be substantially complete by Dec. 31, 2014, and fully completed by June 30, 2015. The company expects to incur pre-tax charges of $1.1B-$1.6B over the next four quarters, including $750M-$800M for severance and related benefit costs, and $350M-$800M of asset-related charges.
08:11 EDTMSFTMicrosoft to cut 18K jobs, sees pretax charge of $1.1B-$1.6B
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08:00 EDTMSFTMicrosoft says Xbox One sales more than double in June from prior month
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07:51 EDTINTCSenate Finance Committee to hold a hearing
The Committee holds a hearing entitled, "The Role of Trade & Technology in 21st Century Manufacturing" with Vice President Sturm of Intel on July 17 at 10 am. Webcast Link
07:38 EDTIBMPratt & Whitney announce partnership with IBM
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07:31 EDTNFLXNetflix Q2 results likely to beat expectations, says MKM Partners
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07:27 EDTIBM, ADBEFCC to hold a meeting
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07:20 EDTNFLXNetflix July weekly volatility elevated into Q2 and outlook
Netflix July weekly call option implied volatility is at 77, August is at 49, September is at 40; compared to its 26-week average of 44 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 21.
06:50 EDTFBAirbus considering partnering with high tech companies, NY Times says
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06:28 EDTHPQHP increasing fire-safety audits in China, WSJ reports
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05:58 EDTMSFTMicrosoft layoffs could be announced today, NY Times reports
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05:56 EDTINTCStocks with implied volatility below IV index mean; LULU INTC
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