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Stock Market & Financial Investment News

News Breaks
October 11, 2012
12:23 EDTSWY, SSNLF, DTEGY, S, CTB, AAPL, PCS, DLTR, FAST, SFTBF, CLWROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as jobless claims fell to their lowest weekly level in years, though the data appeared to be impacted by a reporting irregularity. Stocks began the session moderately higher but never really gained upside momentum. The catalyst for the early move, the unexpected decrease in the weekly jobless claims data, may have been largely impacted by one state failing to file certain data on time, taking the luster off the early positive surprise. The averages began to drift off their highs and were struggling to stay in positive territory as the lunch hour approached... ECONOMIC EVENTS: In the U.S., weekly initial jobless claims were 339,000, versus the expected 370,000. However, a Labor Department economist reportedly said one large state didn't report additional quarterly figures as expected, which influenced the figure. The trade balance report showed a deficit of $44.2B, versus the expected deficit of $44.0B. A separate report showed import prices increased 1.1% in September, versus the expected increase of 0.7%. In Europe, Spainís credit rating was downgraded by S&P by two notches late Wednesday... COMPANY NEWS: Shares of Sprint (S) climbed following reports, which the company then confirmed, that it is in talks with Japanese cellphone company Softbank (SFTBF) regarding a potential "substantial investment." CNBC said Softbank may be attracted to Sprint, which may be working to buy Clearwire (CLWR), because of spectrum holdings. The talks come a bit over a week after Deutsche Telekom (DTEGY) owned T-Mobile and MetroPCS (PCS) agreed to combine their U.S. cellphone businesses. In midday trading, shares in Clearwire were up 32% to $1.72 and Sprint was up 15% to $5.80, while PCS slid over 3% to $11.63... An appeals court reversed an injunction granted to Apple (AAPL) against Samsung's (SSNLF) Galaxy Nexus smartphone, meaning sales of the phone can begin again while the patent fight between the companies continues... MAJOR MOVERS: Among the notable gainers were Fastenal (FAST), up over 8% after the company reported in-line results for its third quarter and raised its dividend, and Cooper Tire (CTB), up nearly 8% following reports that Indian tire maker Apollo Tyres is in the process of acquiring Cooper. Among the noteworthy losers were Safeway (SWY), down 3% after its earnings beat expectations but its revenues missed consensus forecasts, and Dollar Tree (DLTR), down more than 7% after saying its sees its Q3 sales coming in at the low end of its prior forecast... INDICES: Near noon, the Dow was up 35.93, or 0.27%, to 13,380.90; the Nasdaq was up 11.95, or 0.39%, to 3,063.73; and the S&P 500 was up 6.81, or 0.48%, to 1,439.37.
News For S;CLWR;PCS;DTEGY;SFTBF;AAPL;SSNLF;FAST;CTB;SWY;DLTR From The Last 14 Days
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March 17, 2015
09:27 EDTAAPLApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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09:15 EDTAAPLApple streaming service may pave way for bigger ambitions, says Cantor
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09:07 EDTAAPLDISH's Sling TV launches on Xbox One
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09:05 EDTAAPLMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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07:42 EDTAAPLBoeing may produce satellite for tech giants, Reuters says
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07:28 EDTAAPLApple TV may provide boost for advertising unit, Business Insider says
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06:50 EDTAAPLBanks unhappy with high Apple Pay fraud rates, NY Times says
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06:37 EDTAAPLAfter losing marketshare, Google now asks Firefox users to switch, BI says
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05:57 EDTSSNLF, AAPLChina vendors to ship 50M Androids with fingerprint sensors, DigiTimes reports
China vendors is expected to ship 50M Android (GOOG) smartphones with fingerprint sensors in 2015, reports DigiTimes. According to sources at Taiwan-based IC backend service companies, Android smartphone vendors have adopted sliding-type fingerprint sensors, which are more competitive in pricing compared to press-type sensors used by Apple (AAPL). Reference Link
05:46 EDTAAPLApple set to launch online TV service this year, Financial Times reports
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March 16, 2015
16:00 EDTAAPLOptions Update; March 16, 2015
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15:24 EDTAAPLCablevision to provide HBO NOW via Optimum Online
Cablevision (CVC) and Time Warner's (TWX) Home Box Office announced that they have reached an agreement to offer standalone streaming service HBO NOW to Optimum Online customers via the internet. Optimum is the first cable provider to partner with HBO to offer the new service, which is expected to launch in April in time for the fifth season of Game of Thrones, the companies said. Cablevision plans to provide pricing and other particulars for HBO NOW in the coming weeks. Terms of the agreement were not disclosed. Apple (AAPL) and Time Warner announced on March 9 that HBO NOW will premier on Apple devices in April.
14:13 EDTAAPLApple to offer Android users rebates to switch to iPhones, 9to5Mac says
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11:11 EDTDTEGYMavenir session border controller selected by T-Mobile Austria
Mavenir Systems (MVNR) announced that its session border controller was selected by Deutsche Telekom's (DTEGY) T-Mobile Austria GmbH for its IP Interconnect and Access SBC Project, which T-Mobile Austria plans to commercially launch in 2015.
10:44 EDTAAPLNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
09:37 EDTAAPLActive equity options trading on open
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05:58 EDTSSNLFSamsung increases TV panel purchases to meet TV sales target, DigiTimes says
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March 15, 2015
18:20 EDTAAPLApple's $17,000 watch looks over-priced, Barron's says
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16:14 EDTSSNLFBlackBerry collaborates with IBM, Samsung on SecuTABLET
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14:59 EDTDTEGYDeutsche Telekom launches platform for connected industry
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