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Stock Market & Financial Investment News

News Breaks
October 17, 2012
07:19 EDTGOOG, DELL, RIMM, CSCO, MSFT, AMZN, HPQ, AAPLGlobal notebook shipments to rise 5.9% in 2013, DigiTimes reports
Global notebook shipments are expected to fall annually by 0.8% in 2012 before it rises by 5.9% in 2013, reports DigiTimes. According to a forecast by the Market Intelligence & Consulting Institute, the decrease in 2012 is due mainly to the tablet demand, whereas the growth in 2013 will be due to the launch of Windows 8 models and drops in ultrabooks prices. Reference Link
News For RIMM;CSCO;MSFT;AMZN;HPQ;AAPL;GOOG;DELL From The Last 14 Days
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May 21, 2013
08:12 EDTAAPLSenate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link
07:50 EDTAAPLIreland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link
07:25 EDTMSFTMicrosoft price target raised to $40 from $33 at UBS
UBS believes Microsoft's shares can continue to move higher driven by improved earnings visibility, cloud momentum, a bottom in PC weakness, enterprise strength, and expectations for a seasonally strong 2H 2013. As a result, the firm reiterates its Buy rating and raised its price target to $40 from $33.
07:05 EDTAAPLSenate report says Apple avoided paying taxes on $44B of income, Politico says
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06:39 EDTMSFTMicrosoft to begin shipping volume shipments of new Xbox in Q3, Digitimes says
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05:33 EDTAMZNAmazon Web Services achieves FedRAMP compliance for AWS GovCloud
Amazon Web Services, or AWS, an Amazon.com company, announced AWS GovCloud and all U.S. AWS Regions have received an Agency Authority to Operate, or ATO, from the U.S. Department of Health and Human Services, or HHS, under the Federal Risk and Authorization Management Program, or FedRAMP, requirements at the Moderate impact level. FedRAMP is a U.S. government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. With this distinction, AWS has demonstrated it can meet the extensive FedRAMP security requirements and as a result, an even wider range of government customers can leverage AWS's secure environment to store, process, and protect a diverse array of sensitive government data. Leveraging the HHS authorization, all U.S. government agencies now have the information they need to evaluate AWS for their applications and workloads, provide their own authorizations to use AWS, and transition workloads into the AWS environment.
May 20, 2013
17:12 EDTAAPLApple has avoided paying taxes on operations for five years, U.S. Senate says
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17:11 EDTAAPLApple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added.
16:55 EDTDELLS&P lowers Dell ratings to 'BBB' from 'A-', remains on watch negative
Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Dell to 'BBB' from 'A-', and its commercial paper rating to 'A-2' from 'A-1'. All ratings remain on CreditWatch, where they were placed with negative implications on Feb. 5. The initial CreditWatch listing reflected S&P's assessment that the $24.4B going private transaction, which includes a substantial portion of debt financing, will materially degrade Dell's financial risk profile, which S&P currently view as modest. Although Carl Icahn submitted a non-binding alternative acquisition proposal, the Michael Dell and Silver Lake Partners LBO proposal remains the only transaction that has been approved by Dell's board of directors. S&P's review of the LBO transaction terms and the company's ownership, business and financial strategy may also result in a downward revision of its assessment of Dell's business risk profile.
16:02 EDTAAPL, GOOGOptions Update; May 20, 2013
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15:19 EDTAAPLApple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link
13:01 EDTCSCOCisco hits session lows, levels to watch
The shares are down nearly 2%, last at $23.76. At that price, next support is at $23.32. Resistance is at $24.34.
12:04 EDTAAPLApple rumored to be testing OLED for iWatch, AppleInsider says
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11:14 EDTDELLDell to deliver public cloud through partner ecosystem
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09:40 EDTGOOG, CSCO, AAPLActive equity option families trading
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08:40 EDTMSFTBarnes & Noble could rise above $30 a share, Barron's says
Barnes & Noble (BKS) shares are up about 15% since TechCrunch said Microsoft (MSFT) may pay $1B for its Nook e-reader business but the stock may have another 50% upside to $30 per share based on Barnes & Noble's asset value, contended Barron's in a report this weekend. Barron's, however, called the situation "admittedly tough to assess" because neither Microsoft nor B&N will comment on the purchase rumor. The Fly notes Barnes & Noble shares are up 4% to $20.80 in pre-market trading. Reference Link
07:53 EDTGOOGGoogle ex-employee claims evidence of U.K. tax evasion, FT says
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07:42 EDTMSFT, CSCOCohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22.
07:32 EDTMSFTSociety for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24.
07:03 EDTDELLDell committee says cannot evaluate Icahn proposal without more information
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